Recurring Deposits (RDs) offer a secure way to build savings through fixed monthly investments in banks or post offices. Post offices provide a 6.7% interest rate for a five-year tenure, while banks offer competitive rates. Maturity amounts vary based on investment and tenure, with RD returns being taxable.
Software company 8x8 has saved an estimated $5 million annually by using Anthropic's Claude AI, replacing numerous software subscriptions. While other tech firms grapple with rising AI costs, 8x8 finds its AI spending "well below" its savings, pleasing its CFO.
Dermstore offers various discounts and loyalty programs, including 15% off for new customers, 5% back on purchases via rewards, up to 25% off auto-replenishment, and special discounts for military, teachers, and students. A referral program offers $50 credit, and free two-day shipping is available on orders over $100.
Anthropic is being sued in a class action lawsuit alleging the AI company misled customers about usage limits in its premium Claude Max subscription plans. Plaintiff Karl Kahn claims he overpaid and received less usage than advertised, with a lawyer stating the case hinges on consumer protection laws against misleading advertising.
The Federal Reserve is anticipated to maintain interest rates at its upcoming policy meeting, providing minimal relief for U.S. households struggling with affordability. Despite President Trump's preference for lower rates, current inflation levels may push the Fed towards considering hikes, creating a potential conflict with the administration.
Ruben Amorim has agreed to a two-year deal to become Milan's head coach, replacing Massimiliano Allegri. This move will save Manchester United a significant portion of the £16.7m compensation package owed to Amorim and his staff after his January dismissal. Milan is undergoing a major overhaul, with several senior staff members departing.
Telehealth companies hired by employers to manage obesity drug costs are increasingly criticized for prioritizing cost-cutting over patient care. Patients report being forced to try less effective generic drugs or face denial of access to crucial medications like Zepbound and Wegovy, leading to frustration and weight regain.
Small savings schemes in India will maintain their current interest rates for the April-June 2026 quarter, offering returns up to 8.2% per annum. Popular options like SCSS and SSA will continue to provide stable, low-risk investment avenues with tax benefits.
In the first quarter, Taiwanese life insurance policy surrenders reached NT$481.5 billion, a NT$70 billion increase year-on-year, largely attributed to funds moving into the booming stock market driven by AI. Savings accounts also saw shifts, with individuals withdrawing from fixed deposits to invest in stocks, pushing securities deposit balances to record highs.
Metaplanet is acquiring Siiibo Securities for $13 million to develop and distribute Bitcoin-linked yield products directly to Japanese investors. This move signifies Metaplanet's strategic expansion beyond Bitcoin accumulation into active financial product development, aiming to tap into Japan's substantial household savings seeking yield.
The Regional Chamber of Accounts of Provence-Alpes-Côte d’Azur has proposed €118 million in savings to balance the 2026 budget of the Aix-Marseille-Provence Métropole. The audit was requested by the prefect after the new president refused to present the initial budget proposal.
Melania Trump announced 'Fostering the Future Accounts,' a new savings and investment program for children in foster care, in conjunction with the U.S. Department of Treasury. The initiative aims to provide financial resources to over 400,000 vulnerable children.
Sixteen people in Hong Kong were arrested for allegedly defrauding HK$4.3 million from the Mandatory Provident Fund (MPF) using falsified medical certificates. The suspects, aged 29-63, included two alleged syndicate members who recruited MPF account holders and advertised services on social media.
MEP Janusz Lewandowski, serving in the European Parliament since 2004, has declared savings of PLN 213,530 and EUR 653,920. He owns a 107.6 sqm apartment valued at PLN 1.2 million and co-owns another 112 sqm apartment with his daughter.
An 81-year-old Japanese woman living on a meager pension of ¥120,000/month surprised her son with a ¥13.5 million savings account. Her extreme frugality, driven by a desire not to burden her children, meant she avoided unnecessary expenses and even delayed medical care.
Russia is discussing a plan to automatically transfer dormant pension savings from the Social Fund to a Long-Term Savings Program (LSP). This would change the status of the funds from state-controlled to individual property, potentially boosting the pension system's stability and providing long-term investment resources for the economy.
SBI Shinsei Bank to offer cryptocurrency vouchers (BTC, ETH, XRP) equivalent to 20% of interest payments to deposit customers, redeemable via SBI VC Trade, in a move to integrate crypto into mainstream banking.
Russian Finance Minister Anton Siluanov called for "silent" pension funds, held by the Social Fund and managed by VEB, to be activated as long-term savings. He proposed legislative changes to allow citizens more control over these funds, including inheritance and withdrawal in specific life situations.
The National Savings Certificate (NSC) offers a secure, government-backed investment with a 7.7% interest rate. A Rs 1 lakh investment grows to over Rs 1.44 lakh in five years. Tax deductions are available under Section 80C for those following the old tax regime.
Seoul City is recruiting 10,000 young adults for the 'Hope Double Youth Savings Account' and 300 low-income families for the 'Dream Nare Savings Account' to help them save money. The youth program matches savings up to 150,000 won monthly for 2-3 years, while the child fund adds 50% for education expenses.
Indian consumers are increasingly concerned about jobs and the economy, leading to reduced discretionary spending. Despite financial worries, travel plans and spending on experiences remain robust.
Jabra is offering discounts on its over-the-counter hearing aids and other audio devices. Customers can use promo codes like WELCOME15 for 15% off or find deals up to 30% off on specific products. Free shipping is also available on orders over $99.99.
GitLab is laying off 350 employees (14% of workforce) and exiting 22 countries to focus on the AI-driven 'agentic era'. The company reported strong Q1 results, beating Wall Street estimates, and plans to reinvest savings into R&D, particularly its Duo Agent Platform.
Perplexity CEO Aravind Srinivas announced a new hybrid local-server AI inference orchestrator at Computex 2026. The system automatically decides where to run AI tasks, balancing local processing for privacy with cloud power for complex computations, aiming for optimal "token value per watt."
