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These fintechs are automating the budgeting process

Published Sun, 01 Dec 2024 05:18:33 GMT

René Bennett | Bankrate.com (TNS)While not a bank in the traditional sense, Oportun — formerly known as Digit — is offering a new way for consumers to do their banking that integrates artificial intelligence (AI) technology. Customers link their bills and credit cards, and Oportun’s algorithms determine how much should be allocated to each expense category when a deposit is made.This type of fintech account is part of a new trend in the financial industry where banking companies are using advanced technology to make daily money decisions on their customers’ behalf. That includes setting aside money to pay bills, tracking savings goal progress and paying down debt.The fintechs offering solutions to consumers’ budgeting challenges fill a gap that traditional banks have yet to tackle. But while the fintech industry poses a challenge to traditional banking, there are some areas where it falls short of consumers’ needs.What consumers want from banking servicesThe reality of traditional b...

UCSD ranked 7th best public university in US: CWUR

Published Sun, 01 Dec 2024 05:18:33 GMT

SAN DIEGO -- The University of California San Diego has been ranked 7th among the best U.S. public universities, according to the latest Center for World University Rankings (CWUR). This is a notch up from last year's ranking.The 2023 rankings were determined based on four key factors: quality of education, alumni employment, quality of faculty and research performance. Top 10 degrees among SDSU’s 2023 spring graduates UC San Diego achieved high marks for its faculty rank and research rank, the university announced in a news release. These scores were measured by factors like the number of faculty members who have won prestigious academic distinctions and the number of research papers appearing in top-tier journals.Some of the most recent research efforts from UC San Diego, according to the university, include examining how advances in artificial intelligence assistants such as ChatGPT could be used in medicine. Another example includes a new report led by a UC San...

Bloc, Tories reject Johnston briefing, as Trudeau questions Poilievre’s seriousness

Published Sun, 01 Dec 2024 05:18:33 GMT

OTTAWA — The Bloc Québécois on Wednesday joined the Conservatives in rejecting a chance to look at secret information that led a watchdog to recommend against a public inquiry into allegations of foreign interference. Both party leaders said they do not want to be caught in a situation where they are forced to keep such knowledge quiet.But Prime Minister Justin Trudeau urged his colleagues to open their eyes to facts over partisanship — taking particular aim at Conservative Leader Pierre Poilievre. “Pierre Poilievre is choosing to sit behind a veil of ignorance,” Trudeau told reporters during an event in Winnipeg.David Johnston, appointed by Trudeau in March as a special rapporteur to look into the foreign interference allegations, delivered his first report Tuesday which recommended Trudeau not call a public inquiry into allegations of foreign interference during the 2019 and 2021 federal elections.The allegations have embroiled the government for months after reporting...

Stock market today: Worries about a possible U.S. default and inflation weigh on Wall Street

Published Sun, 01 Dec 2024 05:18:33 GMT

NEW YORK (AP) — Stocks kept falling on Wall Street Wednesday under the weight of concerns about the U.S. creeping closer to a default on its debt while inflation keeps squeezing the economy.The S&P 500 was 0.8% lower in afternoon trading. The White House and Congress are continuing negotiations on avoiding a disastrous default on U.S. debt. The Dow Jones Industrial Average was down 252 points, or 0.8%, at 32,8033, as of 2:17 p.m. Eastern time, while the Nasdaq composite was 0.8% lower.Other markets around the world were hit even harder as discouraging figures piled up on the economy. Stock indexes tumbled 1.7% in London, 1.9% in Frankfurt and 1.6% in Hong Kong.Inflation in the United Kingdom remains worse than expected, raising worries that the Bank of England may keep hiking interest rates and squeezing its economy. In Germany, business confidence fell in Europe’s largest economy. And in China, worries remain about a weaker-than-hoped reopening from COVID restrictions as tensio...

Tina Turner, Queen of Rock ‘n’ Roll, dead at 83

Published Sun, 01 Dec 2024 05:18:33 GMT

Tina Turner has died at the age of 83, according to multiple reports.“Tina Turner, the ‘Queen of Rock ‘n Roll,’ has died peacefully today at the age of 83 after a long illness in her home in Küsnacht near Zurich, Switzerland,” read a statement from her representatives.Turner disclosed in her 2018 memoir My Love Story that she had suffered from life-threatening illnesses.Turner is one of the best-selling recording artists of all time, winning 12 Grammys, including What’s Love Got to Do with It, which won the Grammy Award for Record of the Year in 1984.She was recognized for her electric on-stage presence and persona, with several other hits, including The Best, Proud Mary and Private Dancer.The music legend started her career alongside ex-husband Ike Turner with the classic song River Deep and Mountain High, among others.Turner previously held a Guinness World Record for the largest paying audience (180,000 in 1988) for a solo performer.This is a d...

Student arrested in shooting death of schoolmate outside Pittsburgh school

Published Sun, 01 Dec 2024 05:18:33 GMT

PITTSBURGH (AP) — A student was taken into custody in the shooting death of another student early Wednesday just outside a school in Pittsburgh shortly before classes were due to start, police said. The shooting happened just before 7:30 a.m. by the front steps of Oliver Citywide Academy, police said. Officers found the victim with gunshot wounds in front of the school and gave first aid, Major Crimes Commander Richard Ford told reporters at the scene.An officer saw another student running from the school with a gun. The student was arrested and police recovered a gun, Ford said. The victim was taken to a hospital in critical condition and later died, he said. No other injuries were reported.Ford said the students were minors, but didn’t specify their ages or release their names. Oliver Citywide Academy is a full-time special education center serving grades 3-12, according to the city school district’s website. It wasn’t immediately clear what prompted the shooting.Most studen...

Who is the head of the Russian mercenary group bashing the military’s role in Ukraine?

Published Sun, 01 Dec 2024 05:18:33 GMT

The head of the Russian private military contractor Wagner returned to a familiar theme this week — bashing the country’s military leadership for failures in the war in Ukraine. That ‘s something only a select few can do publicly without drawing retribution from the Kremlin.The comments by Yevgeny Prigozhin underscored his long-running feud with the Defense Ministry.This time, however, they came as Moscow could boast of a rare, badly needed victory in the 15-month war in Ukraine, when Prigozhin and his fighters raised a Russian flag in the eastern city of Bakhmut after a long and bloody battle.He turned that moment of triumph into an opportunity just days later to moan about Russian failures in Ukraine.A look at the 61-year-old Prigozhin and Wagner’s role in the war: WHAT DID PRIGOZHIN SAY?Using blunt and coarse language in an almost 80-minute video interview Tuesday to a pro-Kremlin political strategist, Prigozhin said that “somehow nothing is working out for us” in Ukr...

A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

Published Sun, 01 Dec 2024 05:18:33 GMT

WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.“Several (policymakers) noted if the economy evolved along the lines of their current outlooks, then further policy firming after this meeting may not be necessary” — Fed parlance for a pause — the minutes said. At the same time, “some” officials said that the persistence of high inflation meant that “additional (rate hikes) would likely be warranted at future meetings.”Yet in the language used in the minutes, “several” is considered to be more than “some,” suggesting that those favoring a pause may have the upper hand. In addition, Chair Jerome Powell and the officials closest to him have signaled in speeches over the past week that they’re likely to support a pause in rate hikes at their next meeting in mid-June.The Fed raises its key rate to lift the c...

Officials give overview of re-entry plan for Hay River, N.W.T., as wildfire burns

Published Sun, 01 Dec 2024 05:18:33 GMT

HAY RIVER, N.W.T. — Officials from the town of Hay River revealed their plan to eventually reopen the Northwest Territories community Tuesday night as a wildfire continues to burn on the nearby K’atl’odeeche First Nation reserve.Around 3,500 residents from the town and reserve were forced to leave their homes on May 14. Glenn Smith, Hay River’s senior administrative officer, said getting the fire under control is a key condition for allowing people to return. He said the fire will be active throughout the summer and weather will affect its severity and the risk it poses.“We know that everyone wants to come home. We know that this has been extremely stressful on so many levels and we are doing everything we can to get you back home as soon as it is safe,” Mayor Kandis Jameson said. “We had a safe evacuation and we are not going to risk bringing people back too soon.”Smith said re-entry will begin with the restoration of essential services. Th...

Police: Man who said he was headed to CIA arrested at nearby preschool with AK-47 rifle in car

Published Sun, 01 Dec 2024 05:18:33 GMT

McLEAN, Va. (AP) — A Florida man who police say had an AK-47 rifle in his car was arrested outside a northern Virginia preschool after he told officers he was headed to CIA headquarters, police said Wednesday.Fairfax County Police said the man was charged with possessing a firearm at a school, a felony, after his arrest on Tuesday.Police say officers were called to Dolley Madison Preschool in McLean, which is less than a mile (kilometer) from CIA headquarters, where they took the man into custody.According to the preschool, the man asked to use the bathroom around 11 a.m. Tuesday but was denied access to the building.The man was unarmed when police responded, but officers searched his vehicle and found the AK-47 as well as a handgun and extensive ammunition, police said.He was arraigned Wednesday at Fairfax County General District Court and is being held pending a preliminary hearing scheduled for July. Online court records do not list an attorney.The Associated Press