03 June 2023

Why You Should Worry About Using Payment Apps

Shocked woman looking at her phone
carballo / Shutterstock.com

A brief run of bank failures recently spooked many savers. But it is your digital payment app that should really make you worry, according to the federal government. Billions of dollars currently stored on well-known payment apps like Venmo, PayPal and Cash App may not be federally insured, according to a recent notice from the Consumer Financial Protection Bureau (CFPB). That stands in sharp...



from Money Talks News https://ift.tt/cpXgS1L


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

10 National Parks That Cost More in 2023 — and 2 That Soon Might

Acadia National Park hiker
Romiana Lee / Shutterstock.com

From purple mountain majesties to crashing waves on ocean beaches, America’s national parks are a true treasure. While many of them charge an entrance or camping fee (and some require reservations), they remain among the best vacation bargains out there. Some national parks have increased their fees in 2023, and two more soon might do the same. Here’s a quick look at which parks are affected and...



from Money Talks News https://ift.tt/hZenKiY


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

Shopping Secrets Revealed: 6 Tricks the Pros Use to Save Hundreds

Voyagerix / Shutterstock.com

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Everybody has one: A friend who’s always finding screaming deals on everything they buy. What do they know that we don’t? As it turns out, plenty. Read on…in about three minutes, you’re going to become a shopping pro...



from Money Talks News https://ift.tt/lnqyYLs


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

15 Thrift Shopping Terms You Need to Know

yard sale
Armin Staudt / Shutterstock.com

Every hobby and profession develops a unique lingo, and it’s no different in the world of secondhand shopping. As a professional thrift shopper and reseller for more than 30 years, I’ve noticed my “colleagues” and I have a language all our own — peppered with weird terms, abbreviations and acronyms. And since Babbel offers no course to become fluent in thrift-shop-speak (what’s the hold-up, people?



from Money Talks News https://ift.tt/lwtQ5ZV


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

The 10 Most Deadly Jobs in America

Logging worker using a chainsaw on a downed tree
Parilov / Shutterstock.com

Almost everyone complains about their job on occasion. But if you’re a logger, miner or truck driver, you might have greater concerns than most. These are among the most dangerous jobs in America, according to the U.S. Bureau of Labor Statistics’ latest annual report on fatal occupational injuries, which reflects data from 2021. In total, there were 5,190 work-related deaths recorded in the United...



from Money Talks News https://ift.tt/AgVTiQS


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

This Restaurant Is Offering a ‘Pay When You Die’ Deal

Pizza baked in front of a wood fire oven
petereleven / Shutterstock.com

You can have pizza now, but there will be hell to pay later — much, much later, hopefully. New Zealand-based Hell Pizza is introducing AfterLife Pay, which the chain describes as a “payment scheme” where you win pizza for nothing right now and in exchange agree to write a legally binding IOU into your will — “without any pesky late fees or penalties.” The unique promotion is intended to poke fun...



from Money Talks News https://ift.tt/x40wBQj


A word from our sponsor:

Need Help With Your Personal Finance or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

02 June 2023

At its 787 Dreamliner factory, Boeing prepares for takeoff

NORTH CHARLESTON: As airlines seek to fulfil customers’ growing post-pandemic appetites for long-haul travel, Boeing is aiming to speed up production of its 787 Dreamliners after a period plagued by repeated delivery interruptions due to manufacturing defects.

At a hangar in the US East Coast state of South Carolina, the plane begins to take shape on its first assembly line – here, the wings, cockpit, cabin and tail are still in separate pieces.

It will take about a month for the entire aircraft to come together, with the final touches added later, in the parking lot.

The US aerospace giant has already managed to up its manufacturing rate from fewer than two 787s per month in 2021 to four, and is hoping to get up to five by the end of the year.

On the second assembly line in the hangar, located in the city of North Charleston, three completed airplanes are inspected. They had to be returned for adjustments, after the discovery of several production flaws beginning in 2020.

There are still several dozen other planes under inspection, but Boeing plans to move that review process to its factory in Everett, in Washington state, by the end of the year. That will allow them to devote the second assembly line in South Carolina solely to plane construction, meaning they can ramp up to 10 787s per month by 2025 or 2026.

That would bring the factory close to Boeing's pre-pandemic production rate of 14 jets per month, which was achieved by splitting 787 construction between South Carolina and Washington state, before it was all consolidated to the East Coast in 2021.

Boeing says it's not worried about potential cancelations from airline clients unhappy with the delays.

“Our problem right now is more to just getting these planes in the hands of the customers,” Lane Ballard, the 787 program’s general manager said during a press visit to Boeing’s South Carolina locations on Tuesday and Wednesday (May 30 and May 31), ahead of the Paris Air Show later this month.

Despite the rebound in sales of its flagship medium-haul 737 MAX last year – giving the company its best delivery numbers since 2018 – Boeing is pinning its financial hopes on the 787, after four consecutive years in the red.

Recent months have finally seen an uptick in orders for large planes, the market for which was already suffering before the drop in long-haul air traffic during Covid lockdowns.

Boeing has historically dominated the high-margin long-haul manufacturing scene with its 787 and 777 configurations, competing with Airbus's A350 and A330.

Now, with Boeing no longer producing its 747 jumbo jet, the lag on its 777 passenger model and the five-year delay in certification for its 777X, set for 2025, the company is counting on the 787.

It took a gamble on the 787 line – which launched in 2004 and began flying in 2011 – by increasing its use of carbon fiber composites for the fuselage and wings. As a result, the plane is lighter and requires less fuel.

Many of the aircraft’s major parts are shipped in from Italy, Japan and Kansas in one of Boeing’s so-called Dreamlifters – modified 747s specially designed for carrying cumbersome equipment. And back in South Carolina, the back of the aircraft is built in an adjacent hangar next door.

Betting on the 787 seems to have paid off so far: Boeing has received 250 orders for the plane just in the last six months.

“By the end of this year, it’s almost guaranteed the 787 will be the most popular passenger wide-body in history,” with even more total purchases than the 777 or Airbus A330, Boeing vice president of commercial marketing Darren Hulst predicted. – AFP



Source: The Sun Daily

A word from our sponsor:

Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

US should stop raising rates, at least in June: Philadelphia Fed chief

NEW YORK: US central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve president Patrick Harker said on Thursday (June 1), even though high inflation is coming down at a “disappointingly slow” pace.

“It’s time to at least hit the stop button for one meeting and see how it goes,” Harker said on a National Association for Business Economics webinar, referring to the Fed’s next rate-setting meeting on June 13-14.

Harker said he sees promising signs the Fed’s rate increases so far – five full percentage points since March 2022 – are having a cooling effect, particularly on housing prices. Uncertainty over inflation dynamics and the pace of credit tightening make him wary of continuing to raise rates.

A pullback in retail spending that helped send Dollar General Corp's shares down sharply on Thursday, and government data showing US wages have not risen as fast as earlier estimated, also play into his views, he said.

“You start to add all these things together in my mind and it says to me, let’s skip this one, see how it goes,” he said, although he said could change his mind if monthly jobs data, due out Friday, or inflation data, due next week, are a lot stronger than expected.

The Fed has been raising borrowing costs to battle high inflation, which has fallen from a peak of 7% last summer to a current rate still above 4%, more than twice the central bank's 2% target.

In early May it lifted its policy rate for a 10th straight time, to a targeted range of 5.00%-5.25%, and policymakers have since signalled they may skip a rate hike to give them time to assess the impact of the rate hikes so far and of stresses in the banking sector that may have tightened credit and could slow the economy further.

Harker said he expects the economy to grow less than 1% this year, and for the unemployment rate, now at 3.4%, to rise to around 4.4%.

Meanwhile he projects inflation to fall to 3.5% this year, 2.5% next year, and only reach the Fed’s 2% goal by 2025.

He said he could envision the Fed cutting rates if unemployment rises significantly faster, or inflation falls more rapidly, than he currently forecasts.

But he said his baseline is for rates to stay put, giving time for inflation to fall and maintaining what he sees currently as a “reasonably wide” pathway to avoiding a recession that could occur if the Fed tightens policy too much.

“I think we are at the point, or very close to the point now, where we are clearly in restrictive territory, and we can sit there for a while,” Harker said. “We don’t have to keep moving rates up, and then have to reverse course quickly.” – Reuters



Source: The Sun Daily

A word from our sponsor:

Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

Wall Street stocks rally on debt limit deal, hopes of rate hike pause

NEW YORK: Wall Street stocks closed higher on Thursday (June 1) on hopes that the US central bank could pause its interest rate hikes, while traders eyed progress on a deal to avert the nation's first-ever default.

The Dow Jones Industrial Average rose 154.09 points, or 0.47%, to 33,062.36, the S&P 500 gained 41.26 points, or 0.99%, to 4,221.09 and the Nasdaq Composite added 165.70 points, or 1.28%, to 13,100.98.

Leading the S&P 500 higher was Nvidia Corp, though the chipmaker's surge on its forecast of greater AI-related revenue still fell short of helping the company enter the elite club of companies valued at US$1 trillion (RM4.6 trillion) or more.

The moves came after the House of Representatives late Wednesday approved a bill to suspend the nation’s debt limit – key to avoiding a default – and advanced it to the Senate.

Hammered out between US President Joe Biden and Republican leaders, the pact suspends the debt ceiling through 2024, and slightly cuts government spending next year.

On Thursday, investors also took in economic data suggesting the Federal Reserve (Fed) could have room to hold back on further interest rate increases in policymakers' upcoming meeting this month.

“I’m still on the cautious side, but I also recognise that there are a few catalysts that can continue to support the market for a period of time,“ said Jimmy Chang, chief investment officer at Rockefeller Global Family Office here.

“Most people will naturally gravitate towards the soft landing scenario,” he said. “My base case remains that we will get a recession in the coming quarters.”

A report by the Institute for Supply Management on the manufacturing sector indicated a fall in prices paid last month, providing a boost to a market that “wants to hear good news about inflation”, said Steve Sosnick of Interactive Brokers.

The market is also “pricing a much less chance” for interest rate increases at the next two Fed meetings following comments from central bank officials, he noted, bolstering it further.

While private hiring cooled less than expected in May according to data from payroll firm ADP, “if the market can make the case that we can add jobs and not have inflation, then that’s a good sign”, said Sosnick. – AFP, Reuters



Source: The Sun Daily

A word from our sponsor:

Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy