The government shutdown had closed federal agencies and operations for half a month, which is likely to capture the Federal Reserve’s interest in how it’ll affect the economy. The next board meeting is scheduled for this week.
- On Tuesday, the first bitcoin ATM will go live in a coffee shop in Vancouver, Canada. Users are able to load cash to fund their bitcoin wallets. Users must also register on the ATM with a palm scan to prevent any single person from conducting more than C$3,000 per day in transactions. It is a measure to thwart money laundering.
- The Federal Reserve will have its next board meeting on Tuesday. The recent government shutdown is likely to be a topic of discussion as there may be lasting effects that influence the U.S. economy. However, savers should keep an eye on the Fed’s projection on interest rates, given that the unemployment rate is closing in on the target 6.5 percent. September’s jobless rate was 7.2 percent.
- Google has integrated its Google Offers engine into its Maps service, which means that consumers will be presented with coupon offers for specific business when they use Google’s popular map tool. It also means that certain businesses will be able to attract customers of nearby competitors.
- Capital One plans to shut down its Perk Central shopping portal in November, which arrives on Friday. The online shopping portal allowed Capital One customers to get cash back when they visited a partnered merchant’s website by clicking a link in the Perk Central portal.
- Starting Friday, Chase Sapphire and Chase Sapphire Preferred will receive new travel-related benefits. The card enhancements include: auto rental collision damage waiver, trip cancellation insurance, lost luggage reimbursement, baggage delay insurance, purchase protection and extended warranty. However, Chase eliminated the identity theft reimbursement benefit.