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Card Tokenisation: Here’s all you need to know as RBI extends deadline for complying norms by 3 months

The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is

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JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersJPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that it will pay for travel to states that allow legal abortions,

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Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly

A shopper inside a women's clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022.Kathryn Gamble | Bloomberg | Getty ImagesA widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly.The University of Michigan's Surveys of Consumers said consumers expect

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Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — ‘but it’s not dead,’ says financial advisor

How a 60/40 portfolio strategy worksThe strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk.More generally, "60/40" is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio)

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Stocks making the biggest moves premarket: CarMax, FedEx, Seagen and more

Check out the companies making headlines before the bell:CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a "challenging" used vehicle market. CarMax added 1.1% in the premarket.FedEx

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Women prefer values-based investing. Here’s what that might mean for their wealth

Mint Images | Mint Images Rf | Getty ImagesWomen prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women's general enthusiasm for investing and boost long-term wealth, according to financial experts.  About 52% of women

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$100 million worth of crypto has been stolen in another major hack

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance.Jakub Porzycki | NurPhoto | Getty ImagesHackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance.Details

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