Pedestrians pass a digital sign announcing the latest rates for currency in Istanbul. Photographer: Kostas Tsironis / Bloomberg Kostas Tsironis / Bloomberg News The Federal Reserve announced Thursday that it is building and testing a hypothetical digital currency, equivalent to cash. The goal of the program is to improve the …
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If you are in the process of refinancing your mortgage, you may end up paying more than you expected. Fannie Mae FNMA, + 1.42% and Freddie Mac FMCC, + 1.67% announced Wednesday night that they will now charge a 0.5% negative market fee on all refinances, including both cash-out and …
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The COVID-19 pandemic has caused us to think about many parts of our daily existence, such as our health, jobs, where we live, our financial future, education, travel and the simple handshake. But according to data released Tuesday, many savers are still financially on the path to retirement. The combination …
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Facebook Inc. has a new payment group with a familiar face. David Marcus, co-creator of the company’s Libra cryptocurrency project, will lead Facebook Financial, an initiative to run all payment projects, including Facebook Pay, a feature it plans to build in all has apps. Former Upwork Inc. UPWK, -2.94% Chief …
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European stocks rose on the last trading day of the month, fueled by better-than-expected results and after big gains from top US tech companies. That joy helped investors sideline, for now, the signs of increasing global economic problems due to the pandemic. The Stoxx Europe 600 SXXP Index, + 0.57% …
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