ARKW: Near-Term Headwinds, Long-Term Growth Potential

Key insight: Flex Rent is applying for an ILC charter and FDIC insurance to directly issue its core credit products to consumers. What’s at stake: Fintechs applying for various bank charters could reduce the number of sponsor partnerships with community banks. Expert quote: “The new charters are losses for the banks that have enjoyed profitable…

The mandatory minimum balance of 25 per cent of the total accumulated funds introduced under the Employees’ Provident Fund (EPF) Scheme, 2026, was prompted by low retirement savings among members, with nearly half of subscribers left with only ₹10,000-20,000 in their provident fund accounts at the time of final settlement, the Employees’ Provident Fund…

Smoking is somehow inexplicably cool again, and I’m not happy about it. After a period of health-conscious stigma, it is now viewed as culturally acceptable and even desirable to be seen holding a cigarette in one’s hand. It signals sophistication, a rebellious attitude, and undeniable coolness. Newsweek reported on a “cigarette renaissance” among Gen Z,…

If you were hoping to score a bargain mortgage rate, this is probably not your week. The average rate on a 30-year fixed-rate mortgage climbed eight basis points to 6.47% in the week ending July 16, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We…

The time saved by using AI is being eroded by the time spent verifying its outputs.  Processing Content This is according to recent data from accounting ERP provider Sage, which found that 48% of finance professionals across various industries spend 15 or more hours per week on verification activities. And those are the lucky ones,…

Some of the most prominent carriers are overhauling their offerings for travelers in the main cabin. Here’s what to expect.