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[ad_1] In a move to garner footprint in the global retail space, Mukesh Ambani-led Reliance Industries (RIL) has placed a binding bid for Walgreens Boots Alliance’s global arm jointly with consortium partner Apollo Global Management. The team has bid for the Nasdaq-listed firm’s UK-based retail pharmacy chain Boots, valuing it at more than $6.3 billion, news agency Bloomberg reported, citing sources it didn’t identify. A winning bidder could be decided in the coming weeks, Bloomberg said, adding that deliberations are ongoing, and there’s no certainty they will lead to a transaction. The move puts the RIL consortium in pole position to acquire Boots, after rival suitors, including Britain’s billionaire Issa brothers (Mohsin and Zuber Issa, the owners of another popular retail chain Asda) and TDR Capital were considering backing out due to differences over price. PE groups Bain Capital and CVC Capital Partners were also believed to have been in the fray, but dropped out early. Walgreens has been seeking a valuation of about £7 billion ($8.8 billion) for Boots, the report added. However, earlier reports had stated the bidders were valuing it much lower at £5 billion ($6.3 billion). Walgreens does not intend to completely exit its stake in Boots, and following the deal, the US-based parent company would still continue to hold a stake in the pharmacy chain. It had put Boots on sale in December last year to focus on healthcare in domestic market. Walgreens Boots Alliance is an Anglo-Swiss-American holding company headquartered in the US and owns retail pharmacy chain Walgreens, apart from Boots. It also owns many pharmaceutical manufacturing and distribution firms. The firm runs a network of more than 2,200 stores across the UK, private-label brands such as No7 Beauty and operations across many countries. For RIL, which has been looking to strengthen its retail presence in India too, the deal – if concluded – would be the biggest overseas acquisition. However, RIL is no stranger to cross-border buys. Earlier in March, RIL through its wholly-owned subsidiary Reliance New Energy, had acquired all assets of US-headquartered Lithium Werks BV for $61 million. Lithium Werks is lithium battery technology and manufacturing company with operations in the US, Europe and China. In December 2021, RIL, through another wholly-owned subsidiary Reliance New Energy Solar, bought the entire stake in UK-based battery technology firm Faradion for £100 million. Previously in October 2021, RIL acquired Norwegian solar manufacturing company REC Solar for an enterprise value of $771 million. Earlier in 2019, RIL, the country’s largest private sector conglomerate, took over British toy retailer Hamleys for a cash consideration of `620 crore. RIL, through its wholly-owned subsidiary Reliance Retail Ventures, has also been strengthening its retail presence in the country. RIL, which called off a deal to acquire beleaguered Future Group’s businesses after it failed to secure shareholders’ and creditors’ votes, had also taken over 947-odd shops that were rented out to Future Retail. The company was planning to rebrand them across various categories as Reliance Digital, Reliance Smart and Reliance Fresh (groceries), and Reliance Trends (clothes and accessories). [ad_2] Source link

[ad_1] Interest rates jumped by more than 2 percentage points over the first quarter of 2021. That bolt-like spike in rates put many mortgage lenders into crisis mode. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. The same rate-spike dynamics hit non-QM lenders as well, with rates for those loans rising a couple points over the period as well, to the 6% to 7% range. “Loans that before would move at 102 or 103 [above par] all of a sudden were on sale at 99 in January, and that was a really hot trade,” said John Toohig, managing director of whole loan trading at Raymond James in Memphis. “And then in February 99 [the trading price] became 96, and that was still a hot trade. “Then came March, and rates kind of kept going, and that caught everyone kind of flatfooted. We started to see a pretty precipitous drop [in loan prices for lower-rate notes] down to 90 or 91 [below par].  “… It’s exceedingly unusual to see that deep of a discount on fully performing, relatively young loans,” Toohig added. Thomas Yoon, president and CEO of non-QM lender Excelerate Capital, added that the housing industry in late 2021 and early 2022 was at the tail end of a historic refinancing boom. “And when the margins compressed and did so quickly [because of the spike in interest rates], everyone had to react immediately,” he said. “That caused industry layoffs and rightsizing, downsizing, whatever you want to call it. “That always happens after a refi boom. But the kind of the unique piece of it this time was that interest rates have never risen as quickly as they went up in such a short period of time.” The good news, according to both Toohig and Yoon, is that in the second quarter of 2022, so far, the extreme rate volatility has abated. Both agree the industry is not completely out of the woods, given interest rates are still much higher than in 2021 and may inch up further in the months ahead as the Federal Reserve continues to fight inflation by raising its benchmark interest rate and shrinking its portfolio of mortgage-backed securities. Still, a good portion of the lower-rate mortgage paper has worked its way through the system and is being replaced by higher-rate mortgage loans. “The hope is we can put a whole bunch of 5.5% or 5.25% current rate coupons [into the system] so we can get back to [a new normal],” Toohig said.  “There is still a lot of that paper out there. We saw $2 billion of it [trade] last week alone [in late May],” he added. “So, we haven’t completely cleared the deck, but we made a pretty good bite into that In Q1.” Yoon said he does not anticipate that rates will move upward rapidly going forward like they did over the first quarter of the year because the Fed’s aggressive interest-rate policy and other economic headwinds are “already backed into the market now.”  “And everyone is more keen to the idea that market volatility and higher rates are here to stay for the remainder of this year, so everyone’s everyone is likely prepped better to handle the circumstances in the event that the rates move rapidly,” he added. “We’re a non-QM platform that happens to have all of our agency tickets, but you know, 85% to 90% of our production is non-QM. We’re in an environment where we’re looking to expand and grow, even in the midst of the cycle that we’re in now. “Non-QM is a counter cyclical product. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM lenders are dealing primarily with purchase loans that require far more intensive underwriting than agency loans and, once funded, must be moved off the balance sheet quickly in many cases to maintain liquidity. That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate.  Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. The lenders originating in the non-QM space make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or they otherwise fall outside agency credit guidelines. The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies.  Yoon said the Q1 rate crisis did force Excelerate to furlough some of its staff, “less than 5%,” but he added that most of those furloughed have since returned to work. The company currently employs about 450, he added. “We did a small rightsizing, probably less than 5% [of our staff], and most of them were furloughed,” Yoon said. “We have since brought back the bulk of those employees, and we’re currently in expansion mode.  “We’ve added several senior leadership managers to our company, and we’re looking to continue the [growth] strategy [being pursued] before the market went nuts on us the first quarter.” Part of that growth includes Excelerate’s plan to complete its inaugural private-label securities transaction by year’s end. “We were expecting to do our first securitization, but instead of doing it in the third quarter, it will likely be in the fourth quarter,” Yoon said. “Also, instead of doing two [this year], we will likely only do one, simply because the first-quarter volatility really forced us to push back some of our game plan.  “But in terms of us doing our own securitizations, that hasn’t changed. We’re actively engaged in doing so. Outside

[ad_1] One of the very best investment vehicles to prepare for retirement is a Roth IRA. It gives you an opportunity to provide tax-free income once you retire. But a Roth IRA itself is not an investment. That’s why it’s important to know the best investments for a Roth IRA in 2022. The table below summarizes five of the top investments to hold in a Roth IRA. You can skim for the basics, then read the more detailed descriptions that follow. Investment Best For Minimum Investment Risk Level Fees Stocks Long-term growth None Moderate to high $0 Bonds/Fixed Income Safety of principal/risk reduction $100 to $1000 None to moderate Nominal, based on broker Exchange Traded Funds (ETFs) Passive diversification of stocks and bonds The share price of one ETF Moderate to high $0 Mutual Funds Active diversification of stocks and bonds At least $1,000 Moderate to high 0% to 3% Cryptocurrency Alternate investment/long-term growth Varies by platform High Varies by exchange or broker #ap85446-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Lato,Arial,sans-serif}#ap85446-ww #ap85446-ww-indicator{text-align:right;color:#4a4a4a}#ap85446-ww #ap85446-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap85446-ww #ap85446-ww-indicator-wrapper:hover #ap85446-ww-text{display:block}#ap85446-ww #ap85446-ww-indicator-wrapper:hover #ap85446-ww-label{display:none}#ap85446-ww #ap85446-ww-text{margin:auto 3px auto auto}#ap85446-ww #ap85446-ww-label{margin-left:4px;margin-right:3px}#ap85446-ww #ap85446-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap85446-ww #ap85446-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap85446-ww #ap85446-ww-text-bottom{margin:5px}#ap85446-ww #ap85446-ww-text{display:none}#ap85446-ww #ap85446-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap85446-w-map{max-width:600px;padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap85446-w-map #ap85446-w-map-title{color:#212529;font-size:18px;font-weight:700;line-height:27px}#ap85446-w-map #ap85446-w-map-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap85446-w-map #ap85446-w-disclosure{margin-top:10px;font-size:12px;color:#9b9b9b}#ap85446-w-map #ap85446-w-map-map{max-width:98%;width:100%;height:0;padding-bottom:65%;margin-bottom:20px;position:relative}#ap85446-w-map #ap85446-w-map-map svg{position:absolute;left:0;top:0}#ap85446-w-map #ap85446-w-map-map svg path{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap85446-w-map #ap85446-w-map-map svg path:hover{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9;cursor:pointer}#ap85446-w-map #ap85446-w-map-map svg g rect{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap85446-w-map #ap85446-w-map-map svg g text{fill:#000;text-anchor:middle;font:10px Arial;transition:fill 0.6s ease-in}#ap85446-w-map #ap85446-w-map-map svg g .ap00646-w-map-state{display:none}#ap85446-w-map #ap85446-w-map-map svg g .ap00646-w-map-state rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap85446-w-map #ap85446-w-map-map svg g .ap00646-w-map-state text{fill:#fff;font:19px Arial;font-weight:bold}#ap85446-w-map #ap85446-w-map-map svg g:hover{cursor:pointer}#ap85446-w-map #ap85446-w-map-map svg g:hover rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap85446-w-map #ap85446-w-map-map svg g:hover text{fill:#fff}#ap85446-w-map #ap85446-w-map-map svg g:hover .ap00646-w-map-state{display:initial}#ap85446-w-map #ap85446-w-map-btn{padding:9px 41px;display:inline-block;color:#fff;font-size:16px;line-height:1.25;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap85446-w-map #ap85446-w-map-btn:hover{color:#fff;background-color:#508fc9} The best time to open a Roth account is today. There's no time like the present to begin preparing for your retirement. Click on your state now to find out more. HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas Open an Account Today Our Picks for 5 Best Investments for Roth IRA Normally when we provide “best for” guides for any financial service, we also offer a ranking of which we believe to be the best of the group. But in this case, we’re covering broad investment categories. Each is either necessary in building a successful Roth IRA, or at least highly desirable. For that reason, we’re not going to provide a rank for our picks of the best investments for a Roth IRA. But we will provide what each investment class is best for within your portfolio. Stocks – Long-term growth Bonds/Fixed Income – Safety of principal/risk reduction ETFs – Passive diversification of stocks and bonds Mutual Funds – Active diversification of stocks and bonds Cryptocurrency – Alternate investment/long-term growth Best Investments for Roth IRA Stocks – Best for long-term growth Minimum Investment: None Risk Level: Moderate to high Fees: 0 For long-term growth, stocks are the most basic asset to hold in a Roth IRA. That’s because a Roth IRA is a retirement plan usually held for decades. Bank assets, yielding less than 1%, will not produce a big retirement nest egg. But stocks, which average about 10% per year, can turn regular contributions into a seven-figure portfolio. You’ll need to learn how to begin stock investing, which will require knowledge of stocks, trading, platforms, and other terms. It’s also important to choose a brokerage account if you want to invest in individual stocks. A brokerage account is an investment account for your free-to-trade individual securities, like stocks. The best online stockbrokers not only enable you to trade stocks online but also offer commission-free trades. Examples include E*TRADE and TD Ameritrade. If you’re an advanced investor, you could also look into the best investment apps. They offer streamlined, high-speed trading, but with little support or knowledge required. At the opposite end of the spectrum, take a look at the best robo-advisors if you want to invest in stocks, but aren’t comfortable choosing or managing your own investments. #ap83191-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Lato,Arial,sans-serif}#ap83191-ww #ap83191-ww-indicator{text-align:right;color:#4a4a4a}#ap83191-ww #ap83191-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap83191-ww #ap83191-ww-indicator-wrapper:hover #ap83191-ww-text{display:block}#ap83191-ww #ap83191-ww-indicator-wrapper:hover #ap83191-ww-label{display:none}#ap83191-ww #ap83191-ww-text{margin:auto 3px auto auto}#ap83191-ww #ap83191-ww-label{margin-left:4px;margin-right:3px}#ap83191-ww #ap83191-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap83191-ww #ap83191-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap83191-ww #ap83191-ww-text-bottom{margin:5px}#ap83191-ww #ap83191-ww-text{display:none}#ap83191-ww #ap83191-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap83191-w-text{padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap83191-w-text #ap83191-w-text-title{color:#212529;font-size:20px;font-weight:700;line-height:30px}#ap83191-w-text #ap83191-w-text-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap83191-w-text #ap83191-w-disclosure{color:#9b9b9b;margin-top:10px;font-size:12px}#ap83191-w-text #ap83191-w-text-btn{margin-top:25px;padding:9px 13px;display:inline-block;color:#fff;font-size:16px;line-height:20px;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap83191-w-text #ap83191-w-text-btn:hover{color:#fff;background-color:#508fc9} Robo-Advisors keep an eye on the market's every move to protect your investments. For a diversified portfolio with the risk tolerances you need and the monetary goals you want, a robo-adviser can be a powerful ally. Get Started Bonds & Fixed Income – Best for safety of principal and risk reduction Minimum Investment: $100 to $1,000 Risk Level: None to moderate Fees: Nominal, based on broker The word “bonds” covers a lot of territory. There’s no single bond, but rather a mix of different interest-bearing securities. Unlike a stock, which represents the share of ownership in a business entity, a bond is a debt security and therefore has limited growth potential. It’s issued for a fixed amount, with a fixed rate of interest, and fully repaid at the end of the term. In theory, at least, bonds maintain a constant value. This is why they offer safety of principal and risk reduction to an overall portfolio. For example, a portfolio comprising 80% stocks and 20% bonds presents less volatility than one made up entirely of stocks. The safest type of bonds are the best short-term investments for your money. These include money market accounts, certificates of deposit, and short-term bonds and bond funds. They should never dominate your portfolio, but a relatively small allocation will help minimize losses during a down market in stocks. If you’re looking for higher-yielding bonds or bond equivalents, consider the longer-term investments. Generally speaking, the longer the term of the bond, the higher the interest rate it will pay. As an alternative, consider investing part of your Roth IRA in a peer-to-peer lending platform, like LendingTree or Peerform. Since you’ll be making direct loans to individual consumers, you can choose the risk level of all the loans you want to invest in. But overall,

[ad_1] The post Slicethepie Review: Make Money Reviewing Songs appeared first on Millennial Money. Who among us hasn’t thought about how awesome it would be to get paid for sharing their opinion about a new song or album? WHOMST, I ask you! Unfortunately, music review jobs at Pitchfork aren’t easy to find. But, there are other ways to make money online just by listening to new music and sharing your ideas about it.   Slicethepie is a site that pays people like you to review music, fashion items, and more.  If you’re interested in making some cash listening to music and writing about it, you’ve come to the right place. Keep reading to learn how Slicethepie works and how much extra cash you can reasonably expect to make using the platform.  Overall Rating Pros Get paid to review music Real cash payouts Free to use Decent referral bonus Cons Low earning potential Lousy mobile app Limited review options compared to other sites Lack of transparency around user star ratings What is Slicethepie? Slicethepie was founded in 2007 as a fun way for users to provide feedback on new and up-and-coming artists. Since then, it’s grown into one of the biggest platforms of its kind. In fact, the site provides feedback from its users to major record labels and independent music artists.  Slicethepie’s main focus is music. However, the site also sources reviews on clothing, phone accessories, and other items. It claims to have more than 2 million active users who have collectively earned more than $6.5 million since Slicethepie launched.  The overall concept is simple: As a user, you get opportunities to check out music or other products. Once you form an opinion, you write a review. That’s it. Based on the quality of your review and your user status, you get a certain payout. If you’re up to it, you can move on to the next one. Sounds easy, right? To paint a better picture of what using Slicethepie feels like, let’s take a look at the full user experience from start to finish. How Slicethepie Works After you sign up for Slicethepie, you can access the platform from the platform’s website, slicethepie.com, or via its mobile app.  Many users haven’t had the best of luck using the app, which currently has a rating of 3.2 stars (out of 5) in the App Store and a brutal 2.2-star rating (out of 5) in the Google Play Store.  Product Reviews Once you’re in, you can select the musical genres you prefer and start to browse review opportunities within those types of music. You can also check out any other available products that might be looking for reviews.  To write your first review, just hit play and start listening to the track in question. You can start writing your review immediately, but you need to listen to at least 90 seconds of the song for your review to qualify. When you’re done writing, rate the song from 1 to 10 and hit “submit.” The amount of money you earn depends on your Star Rating and the quality of your review. To max out your earnings, you need to build up your rating (which starts at 1 star). You can do that by writing reviews and making sure that you’re providing detailed feedback in well-written English. Payouts To earn a payout with Slicethepie, you need an account balance of at least $10. This might not seem like a lot. But considering that Slicethepie generally pays between $0.02 and $0.30 per review, it takes a while to get there.  When you do reach the threshold, you can cash out into a PayPal account that shares the same email address as your Slicethepie account.  Be patient: Payments will typically show up within five business days.  Start reviewing music with Slicethepie Slicethepie Pricing and Fees Slicethepie is completely free to use. There are no signup or subscription fees, so the only cost for using the platform is your own time. This is standard practice for survey and review sites. There’s no barrier to entry, which is great. But it’s important to consider how much time you’re committing and how much you’re getting paid in return. When it boils down to it, you’re best considering sites like Slicethepie a fun way to earn a little extra money rather than a true side hustle that can help pay your bills.  Signing Up and Getting Started Getting started with Slicethepie takes just a few minutes through the website or app.  To create your account, you need to enter your name, birthday, and email address. Once you confirm your email, you’re prompted with a few qualifying questions to determine your demographics. After that, you can choose the music categories you’re interested in reviewing. At this point, you’re ready to get started. You’ll immediately get songs to listen to and evaluate, and you can start building up your balance right then and there.  Slicethepie Promotions, Bonuses, and Coupons  Slicethepie doesn’t offer a signup bonus for new users. But it does have a referral program!  To refer a friend, just send them your unique referral code, make sure they use it when they sign up, and you’ll get a cut of their earnings for however long they use the site.  Slicethepie Security Like most survey and rewards sites, Slicethepie doesn’t require you to share too much personal information to use it. With this in mind, it’s a relatively low-risk platform, so there isn’t a ton to consider when it comes to security.  Still, you should take security into consideration when revealing any amount of personal info. If you’re interested in how Slicethepie will use yours, check out its Privacy Policy.  Customer Service and Support If you need help with your Slicethepie account, you have a few options. Your first stop should be the FAQ section of its website, which provides answers to basic account questions.  If you need to talk to someone, there’s no phone number to call. But you can opt

[ad_1] Looking for a bread machine? This is a great deal on this Hamilton Beach HomeBaker 2-Pound Automatic Breadmaker with Gluten Free Setting. Walmart has this Hamilton Beach HomeBaker 2-Pound Automatic Breadmaker with Gluten Free Setting for only $49 shipped right now! This bread machine has excellent reviews and comes with 12 settings to make bread including a gluten-free setting. This is regularly $124.99 so this is a great deal! [ad_2] Source link

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[ad_1] The Interpol on Thursday issued a Red Corner Notice against Satinderjit Singh alias Goldy Brar, the Canada-based gangster who claimed responsibility for the killing of Punjabi singer-politician Sidhu Moosewala. The issuance of RCN paves way for Brar’s extradition — the prime suspect in Moosewala’s killing along with jailed gangster Lawrence Bishnoi who was admitted to his gang’s involvement. Brar, an active member of Lawrence Bishnoi gang, had claimed responsibility for the murder of Sidhu Moosewala on May 29, calling it a revenge for the murder of Youth Akali Dal leader Vicky Middukhera.  Earlier today, India’s Interpol liaison agency CBI issued a statement today saying the Punjab Police had sought a RCN against Goldy Brar only on May 30, a day after the killing. The statement from the CBI flew in the face of the Punjab Police which claimed on Wednesday that it had sought a Red Corner Notice against gangster Brar nearly 10 days before Moosewala’s killing on May 29. The CBI said a communication was received from the Bureau of Investigation, Punjab Police through an email on May 30 at 12.25 PM with a letter dated May 19 attached in it seeking issuance of Red Notice against Brar in two FIRs registered by Punjab Police — FIR No. 409 dated November 12, 2020 and FIR No. 44 dated February 18, 2021 — at City Police Station, Faridkot. Twenty-seven-year-old singing sensation Moosewala, who had fought the recent assembly elections in Punjab on a Congress ticket, was shot dead on May 29 by unidentified assailants in Punjab’s Mansa district, a day after the state government curtailed his security cover. Over 30 empty cases of bullets were found near his SUV in which he was killed. Soon after, Brar issued a video message on social media, claiming responsibility for the killing, following which the Punjab Police said that the murder was a result of inter-gang rivalry. Earlier this week, Bishnoi — during interrogation by the Delhi Police Special Cell — admitted to his gang’s involvement in the killing, after which the police said that the jailed gangster was the mastermind behind the attack. A Punjab Police spokesperson had earlier said the state police has been leaving no stone unturned for the extradition of gangster Goldy Brar. Brar, a native of Sri Muktsar Sahib, had gone to Canada on a student visa in 2017 and he is an active member of the Lawrence Bishnoi gang. [ad_2] Source link

[ad_1] Nominations for the 2022 HW Insiders opened this week, celebrating the operational all-stars in housing. These individuals are a critical part of their company’s success and often their company’s best-kept secret. Last year’s honorees represented a wide range of skillsets and — for the first time ever — HousingWire selected 100 nominees for the 2022 class. Take a look at some of last year’s Insiders to see their impressive list of achievements. Amaly Quiroz, VP of Transaction Processing at eXp Realty, grew her department from around 100 people in 2019 to 300 in 2021 to help support eXp’s unprecedented growth from about 22,000 agents to more than 56,000 agents in 14 countries. Cardinal Financial’s SVP of Retail John Cady grew regional and national platforms in excess of $14 billion in yearly production. SimpleNexus CFO Kevin McKenzie’s initiatives have been central to rapidly scaling tech innovation and company growth from leading a $108 million capital raise to developing multi-tiered dash-boarding. Greystone General Counsel Lisa Schwartz led and closed the company’s acquisition of C-III Asset Management, which expanded Greystone’s asset management capabilities into special servicing. The deal’s timeline from inception to close was under 30 days, and it grew Greystone’s loan servicing portfolio 50%, from $40 billion to $60 billion. Nominations for the 2022 Insiders close Friday, June 24. Don’t miss your chance to recognize the operational all-star who is driving your company forward! The post HW Insiders nominations are now open! appeared first on HousingWire. [ad_2] Source link

[ad_1] Many Canadians carry debt on their credit card, perhaps resigned to paying the high interest rate they agreed to when they opened their account. What cardholders might not realize, however, is that compound interest—meaning interest charged on interest—can quickly bloat a modest debt load into a financial burden. If you’ve been chipping away at a credit card balance but feel like you’re not really making a dent, you may want to consider a new strategy: making a credit card balance transfer. In this article, we’ll walk you through the basics of credit card interest and how to use a credit card balance transfer to keep your debt load under control. How credit card interest is calculated When you use a credit card, there’s an APR, or annual percentage rate, that’s applied to purchases or other services like cash advances. With many cards, this rate hovers at around 19.99%. As the name suggests, this is an annual percentage rate, but credit cards are charged monthly—so you’ll need to do some math if you want to know your daily or monthly rate. The formula is simple: APR divided by 365 (the number of days in a year) = daily interest rate To determine the monthly rate, multiply the daily interest rate by the number of days in the month. How compound interest increases debt Now that you understand how APR works, it’s time to look at compound interest. Credit cards calculate what you owe based on the principal (what you’ve charged to the card) plus any interest accumulated. Let’s say you have a balance of $1,000 at 19.99% APR. This works out to a monthly interest rate of $16.50, so after the first month, your balance would be $1,016.50. Take a look at the following table to see how compound interest would affect your balance if you didn’t pay anything towards your bill for six months. $1,000 debt at 19.99% APR Number of months Balance Interest Amount owing 1 month $1,000 $16.50 $1,016.50 2 months $1,016.50 $16.77 $1,033.27 3 months $1,033.27 $17.05 $1,050.32 4 months $1,050.32 $17.33 $1,067.65 5 months $1,067.65 $17.61 $1,085.26 6 months $1,085.26 $17.91 $1,103.17 As you can see, debt adds up fast with compound interest. One of the quickest and most effective ways to slow down the growth of credit card debt is to move it to a lower-interest card through a balance transfer. How balance transfers work A balance transfer is the transfer of debt from one or more (usually higher-interest) credit cards to another (usually lower-interest) card in order to slow or stop the accumulation of interest and pay down debt. Balance transfers have three key variables to consider: the interest rate, the transfer fee and the time period. Interest rate: This refers to how much interest you’ll pay on the debt you transfer over. Transfer fee: You’ll pay a percentage of the amount of debt you’re moving, typically from 1% to 3%. Time period: How long the balance transfer interest rate is in effect. This is important because when the time expires, the balance will accrue interest at the card’s regular interest rate. Many credit cards offer some sort of balance transfer, but you’ll generally save the most with a balance transfer promotion—a time-limited offer that’s designed to entice new cardholders to sign up. Consider, for example, the MBNA True Line Mastercard, a low-interest, no-annual-fee card that’s running a balance transfer promotion of 0% for 12 months, with a 3% fee (minimum $7.50) on transfers completed within 90 days of opening the account. Let’s use the example $1,000 in debt from above to break down the numbers. If you transferred $1,000 in debt to the MBNA True Line Mastercard, it would cost you $30 (the 3% transfer fee). Then you would have a full year, interest-free, to pay down or completely pay off your balance. If you were unable to pay it all back in that time, you’d still be ahead of the game because the MBNA True Line Mastercard has a regular interest rate of 12.99%, which is 7% less than the typical 19.99% rate of other cards. (The interest rate for cash advances is 24.99%.) To compare between cases, in six months of non-payment on $1,000, you’d owe a total of $1,066.57—a savings of $36.60 compared to a regular 19.99% card in just half a year. (It’s recommended that you pay at least the minimum balance.) High, compounding credit card interest rates can hold you back financially. Using a balance transfer card can reduce or even remove the interest accumulation for a period of time, giving you some breathing room and an opportunity to catch up. With less interest, you’ll have less debt—which will help you get your finances under control faster. MBNA True Line Mastercard* The MBNA True Line Mastercard checks two key boxes for cost-conscious cardholders: it has no annual fee, and its 12.99% interest rate is much lower than that of a typical credit card. Annual fee: $0 Welcome offer: Get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers within the first 90 days of opening the account. Interest rate: 12.99% on purchases and balance transfers, 24.99% on cash advances Additional benefits: Discounts at Avis and Budget Rent A Car Note: This offer is not available for residents of Quebec Get more details about the MBNA True Line Mastercard* Go to Site Read more about credit cards: Best credit cards in Canada for 2022 How to lower your credit card interest rate Make your purchases count with credit card rewards Are you paying too much credit card interest? What does the * mean? If a link has an asterisk (*) at the end of it, that means it’s an affiliate link and can sometimes result in a payment to MoneySense (owned by Ratehub Inc.) which helps our website stay free to our users. It’s important to note that our editorial content will never be impacted by these links. We are committed to looking at all available products in the