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Almost a third (32%) of freelance workers are regularly paid late, according to research by HR software provider Remote. The research finding arrives as businesses increasingly turn to freelance workers to address problems finding permanent staff, Remote suggests; its researchers found that half (53%) of UK companies have increased their use of freelance workers over the last three years, and that a similar proportion (43%) of UK employers have turned to freelance workers due to difficulties in finding permanent staff.However, almost half (49%) of businesses still rely on outdated tools to handle freelancer contracts and billing, according to Remote’s…

In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit unions (those with more than $10 billion in assets that levy more than 80 percent of all overdraft charges each year).The rule, one of the CFPB’s last regulatory efforts of the Biden Administration, was projected to save U.S. consumers roughly $5 billion annually.RELATED | Americans drowning in debt: The plastic predicamentThe resolution killing the overdraft rule passed the House largely along party lines in early April. The Senate…

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A New York federal court has tossed out a loungewear brand’s trade secret lawsuit against a former freelance designer for allegedly stealing confidential information from the company to launch her own brand. In a decision this month, the U.S. District Court for the Eastern District of New York sided with Melissa McNamara, a former freelance contractor for undergarment and loungewear brand Negative, Inc., granting her motion to dismiss a high-profile lawsuit centered on allegations of trade secrets theft and fraud. The court found that Negative failed to adequately plead its federal claims, including for trade secret misappropriation, and declined to…

House Speaker Mike Johnson and Donald Trump, pictured in 2024 at Mar-a-Lago. (Photo by Joe Raedle/Getty Images)THE LIKELIHOOD OF DONALD TRUMP and his allies in Congress taking Medicaid away from millions of low-income Americans—and, in the process, rolling back a huge piece of the Affordable Care Act—has increased significantly in the last two weeks.The change has been easy to miss, because so many other stories are dominating the news—and because the main evidence is a subtle shift in Republican rhetoric.But that shift has been crystal clear if you follow the ins and outs of health care policy—and if you were…

Gone are the days when scaling the corporate ladder was a fresh graduate’s grandest ambition: a new poll has revealed that three quarters of Generation Z have no plans of going full-time for their whole lives – a stark contrast to 57 per cent of millennials and 36 per cent of Gen X. Honestly, it’s hardly surprising. In an era characterised by heightened and prolonged levels of malaise, young professionals are eschewing age-old aspirations of hustle culture (anyone remember TikTok’s “I do not dream of labour” phase?). Going freelance is a great option for the generation that wants to be…

New data from the market intelligence firm Glassnode suggests that Bitcoin (BTC) could be nearing an early bear market. In a new thread on the social media platform X, Glassnode says that the crypto king is flashing signs that historically predate its entering into a bearish phase. According to the crypto analytics platform, short-term holders hanging on to unrealized losses relative to BTC’s current price are analogous to the early bear market conditions present during Bitcoin’s previous cycles. “Bitcoin unrealized losses normalized by percentage drawdown show that short-term holders are already holding substantial losses relative to the current correction depth…

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Listen to article As freelancing grows more common in the UAE, understanding how to open a suitable bank account is becoming increasingly important for independent professionals. A detailed news published in Gulf News covered all  aspects of freelancers accounts in UAE.  While freelancers now have more banking options than ever, navigating regulations and choosing between personal and business accounts remains a challenge—especially as compliance requirements grow stricter. “When opening a bank account in the UAE as a freelancer, it is important to ensure you have the correct documentation, which includes a freelance permit, passport and visa copy, proof of address, and your…

Having $2 million saved for retirement can provide a strong cushion — but how long it lasts depends on where you live.Retirement savings of $2 million, plus Social Security payments, could last anywhere from just 23 years in Hawaii to 72 years in West Virginia, according to a recent GOBankingRates analysis.That’s largely due to differences in the cost of living across states, which is primarily driven by housing prices. In states with large urban centers like California, New York and Massachusetts, housing alone can cost $30,000 more per year than in less expensive areas, according to the data. As a…