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Digital undivided, a nonprofit group that’s been tracking startups founded by Black and Latinx women for two years, found the number of Black and Latinx female founders who raised more than $1 million in venture capital has also surged since 2018. Through August, 93 Black women founders and 90 Latinx women founders in the group’s database had reached that benchmark, compared to 34 Black women and 45 Latinx women in 2018, Digital undivided said in study findings released Wednesday....

But what happens if you carry a store credit card from a store that’s closing or restructuring? Can you keep it? Will the card close, too? What about your rewards? Is the Business Shutting Down for Good? In some cases, a business will decide to close only underperforming retail locations or to shift operations online. Your credit card account may remain open in both of these cases, although visiting a retail store may be inconvenient or impossible if the ones near you are all shuttered....

The Gender Pay Gap The fact that women earn less than men complicates the salary situation. According to PayScale’s The State of the Gender Pay Gap 2020, women earn $0.81 for every dollar a man earns. Women of Color, meanwhile, earn $0.75 for every dollar a White man earns. The only time there isn’t a gender pay gap between men and women is when you compare single childless men and women....

Whether you are a student, teacher, parent, or just looking to try something different, your resume and cover letter may include a variety of experiences that would be applicable to the position. If you’re a student, your resume will be different from that of someone who has been in the workforce for a while. What to Include and Writing Tips As a student, you will want to include on your resume any pertinent coursework, volunteer work, and any clubs and teams you may have participated in....

Tariffs are meant to give an advantage to domestic goods, but the effects aren’t always quite that simple. Let’s look at a detailed definition of what tariffs are and some examples of how they have affected the U.S. economy in the past. What Are Tariffs? Tariffs are a special kind of tax that applies to goods based on the geographic location that they came from. The tax is imposed as a percentage of the total cost of the product, including freight and insurance....

Learn more about the tax on savings accounts and where else you might want to consider keeping your money. How Your Savings Accounts Are Taxed While the IRS doesn’t tax the money you have in a savings account, it does tax any interest you earn on that money. Tax is owed on interest in the year it becomes available to you. For example, if you have a balance of $20,000 in a Marcus by Goldman Sachs savings account with a 0....

It also confirms that you are still very much interested in the position, and helps keep your name “top of mind” as the organization narrows its list of candidates to those its recruiters are interested in meeting in a face-to-face or video interview. For some jobs, a phone interview may be the only interview you have, so it’s important to take the time to follow up with the person who called you....

It is more common for millennials to rent or live with their parents longer before buying their first homes. When they do buy, they often skip the starter home and move into something nicer where they plan to spend more time. There is no fixed definition for what constitutes a starter home, but it is generally considered to be a house with a price on the low end of the market....

The term is also used to refer to loans between individuals. Instead of using a bank or finance company, you agree on loan terms and work together to build your own—without a bank. Some of these loans are a great deal for all involved. Private Party Auto Loans In the age of Craigslist and similar sites, finding a used car is easy. But finding funding isn’t as simple. If you buy from a dealership, they’ll offer (or push) financing, which they’ve arranged with local or national lenders, and it’s hard not to walk out without getting a loan....

How Government Loans Work In many cases, the government does not lend money directly. Instead, private lenders such as banks and finance companies provide funding, and the U.S. government guarantees the loan. Put another way, the government promises to repay your lender if you, the borrower, fail to do so. You as the borrower may also be required to pay a utilization fee. Types of Government Loans There are several types of loans available, and new programs occasionally come up in response to events like environmental disasters and other crises....

Interest rates, loan approvals, and default rates are critical factors of bank stock investing. Learn how banks loan your money to others to create profit for themselves and place extra risk on your money at the same time. How Banks Operate A bank takes in money from people who create checking and savings accounts. It also sells them certificates of deposit and other products. The bank then lends the money from these funds to other people who apply for loans....

If families can accumulate a good amount of savings through this vehicle, there is less stress at admissions time about applying for financial aid or searching for scholarships. Learn more about how Rhode Island residents can benefit from using the state’s 529 college saving plans. Benefits of 529 Plans Investments made in 529 accounts are allowed to grow free of federal and state income taxes. All of the withdrawals from a 529 plan that are used for qualified higher education expenses are exempt from federal income tax....

How Bonuses Are Paid A bonus is a special payment given to someone as a reward for good work or achievement. The bonus is an additional payment to an employee beyond their salary or hourly pay. Bonuses may be contractual, such as sales bonuses for salespeople, or they may be for performance awards. Another type of bonus is a special holiday bonus to a group of employees who have met a specific sales or production goal or for overall yearly profitability....

If any of these types of concerns become pervasive and all-encompassing in your work life, you will want to look at the options you have to leave your job. Why an Exit Strategy Is Important Quitting leaves you with very few options. You’ll have no paycheck while you search for a new job. Your employer won’t provide severance pay and you will usually be ineligible for unemployment compensation. A much better strategy?...

Fintech is a broad area and one that is a little blurry and hard to define. After all, depositing checks with your banking app doesn’t seem revolutionary or particularly techy after you’ve done it for the first time, but it is still fintech. Some other examples of fintech include: Mobile banking apps and mobile banking security Online banking Voice banking Text fraud alerts Facebook instant messaging for customer service Automatic savings apps Financial protection services New safety features protecting fraud and identify theft...

Some legal descriptions are very simple and involve a lot and a block within a subdivision name, but even those specifics can be wrong when verified by surveying equipment. To make certain that you own a piece of property, it’s a good idea to buy a title insurance policy, which protects against human error that could challenge your ownership. Metes and Bounds Legal Description A more common legal description is metes and bounds....

The average rate offered to homebuyers using a conventional 30-year fixed mortgage inched up to 4.15% from 4.13% the previous business day, reaching its high point since 2020. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows dates back to 2020, so we know it was higher in March 2020, when it hit 4.71%.) The average for a 15-year fixed mortgage fell a touch to 3....

The average rate offered for a conventional 30-year fixed mortgage inched up to 5.72% from 5.71% the previous business day, while the average 15-year rate rose to 4.77% from 4.74% the previous business day. Rates have leveled off some after spiking in April to as high as 6.19% and 5.26%, respectively—the highest levels we’d seen since at least 2019 (and likely much farther back.) Even with the most recent increases, both rates are still around half a percentage point below those April peaks....

The average rate offered for a conventional 30-year fixed mortgage dropped to 5.52% from 5.64% the previous business day, moving farther from its recent peak of 6.19%. The average 15-year mortgage rate fell to 4.55% from 4.69% the previous business day. Last month it reached 5.26%, its highest point since at least 2019, and likely much farther back. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows dates back to 2020, so we know rates weren’t higher in 2020, and if other measures are any indicator, may have hit their highest points in over a decade recently....

Before you purchase permanent life insurance, consider the range of available options to determine which best suits your needs. What Is Whole Life Insurance? Whole life insurance provides both death benefit protection and a form of tax-advantaged cash buildup (a “cash value” account) that can be accessed by the policy owner. It and universal life insurance are the two most commonly sold types of life insurance policies on the market....