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Banking apps use behavioral economics to change our money habits

“Similarly, some banking apps harness this behavior to help us save gradually” writes Spencer Tierney for marketwatch.com. Here’s how tech tools can nudge us to save — with clues from behavioral economics, a field that explores how our thoughts and feelings affect how we handle money.But some banking tools may give you just the right push to boost your savings habits.This way of saving money “makes me feel like I can go on a trip and not feel guilty about it.” Some apps, like Qapital, can help bridge the gap…

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Pearson eyes future growth as profits rise on cost cutting

“Education giant Pearson relied on cost-cutting to deliver a rise in profits last year, with boss John Fallon predicting the company’s sales will soon “stabilise”” writes Jon Yeomans for telegraph.co.uk. Pearson, which offers online courses, training and materials, reported an 18pc rise in pre-tax profits to $498m in 2018.But revenue at the FTSE 100 company fell 9pc to $4.1bn due to disposals shrinking the size of the business, as well as currency fluctuations; Pearson makes a lot of its sales in the US, making it vulnerable to changes in the exchange rate.…

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Tesla quietly deletes the Model 3 standard battery from its website, raising questions about the long-awaited base model

“Currently, the cheapest version of the Model 3 available for pre-order on Tesla’s website is the mid-range battery, rear-wheel drive for $42,900 before any savings” writes Graham Rapier for businessinsider.com. CEO Elon Musk once said that the company could start delivering the cheapest version in by the end of 2018. Source: businessinsider.com

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FINANCE: Thinking About Getting Your First Mortgage? Here’s How To Start Saving

“Blake stresses that while Help To Buy looks appealing, you should always seek proper mortgage advice first, as it depends on your personal circumstances” writes unknown author for huffingtonpost.com. Read on for some expert tips on saving for a deposit and finding a mortgage that’s right for you. [Read More: What does overpaying on your mortgage mean and should you be doing it?] 1.The government will lend you up to 20% of the sale price, then you borrow the rest from your mortgage lender.Before you do anything, use a mortgage…

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Crypto News Platforms 

HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

“Beyond forex, HSBC is also one of a dozen banks to have launched a new blockchain trade finance platform last October, alongside BNP Paribas and Standard Chartered” writes Marie Huillet for cointelegraph.com. London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14.The platform — based on a distributed, but permissioned, ledger — reportedly allows HSBC to coordinate payments in real time across its trading hubs in the Americas, Europe and Asia Pacific.In offering significant cost…

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Giants Mailbag: How will Big Blue approach the NFL’s offseason? We dive in to answer your questions

“Trading Beckham ($21 million cap number) would incur a $16 million dead money charge but would create $5 million in cap savings for 2019” writes Pat Leonard for nydailynews.com. Restructuring Manning’s contract by adding a 2020 dummy year also could create around $7-8 million in 2019 space. (Releasing him would create $17 million in savings, but they don’t appear prepared to do that).The Giants also could create $7.75 million by trading Janoris Jenkins and $11.5 million by dealing Olivier Vernon, but as in Collins’ case, they can’t exactly afford to…

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Nearing retirement and in debt? Now isn’t the time to tap retirement savings.

“This could put the worker in a difficult position if the employer is found to be violating the law” writes Liz Weston for latimes.com. From what she wrote, the company employing him may not be following the law.In one of those, the IRS went after the employer for all the taxes it should have paid even though I had paid all the Social Security and Medicare taxes. Source: latimes.com

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