Small Business News
Small Business News
Survey Finds a Surprising Number of Small Businesses Don't Have Their Own Website
When most people think of small businesses, they likely imagine local mom and pop shops along main street that mainly just serve their fellow residents. However, thanks to the internet, even the smallest of small businesses can serve the national or global customer base. Plus, even if you're not selling directly on your website, having a web presence can help new customers discover you or allow current customers to stay...
Economic News
Morgan Stanley to Acquire E*Trade
When Charles Schwab announced it was lowering its trade fees to $0 — following the lead of FinTech startups like Robinhood — it was clear that a shake up to the brokerage industry was underway. Sure enough, within days, several other firms including TD Ameritrade, E*Trade, and others revealed that they too would be putting an end to their trade fees. This was then followed by the news that Schwab...
FinTech News
Intuit Announces Acquisition of Credit Karma
Another day, another major acquisition. More than a decade after they bought the personal finance app Mint for $170 million, Intuit is making a much larger platform purchase. As first reported by The Wall Street Journal and later confirmed by the company itself, Intuit is set to acquire Credit Karma for a whopping $7.1 billion. Credit Karma will reportedly continue to operate as its own brand within Intuit, with current...
FinTech News
Shopify Joins Facebook-Led Libra Association
It's been a while since Facebook's Libra has been in the news — and, following the last round of headlines it did garner, you'd be forgiven if you assumed the project was dead. However the cryptocurrency effort managed to get a bit of a boost last week. As TechCrunch reports, e-commerce platform Shopify has now joined the Libra Association. The addition of Shopify to the Association comes a few months...
Personal Finance News
Survey Shows Late Credit Card Payments Aren't Always About Being Broke
Everyone knows that carrying a balance on your credit card can lead to interest fees, adding to your debt. However there's another expensive risk that consumers may run afoul of: late fees. In fact a new survey from the personal finance site WalletHub finds that 46 million Americans anticipate missing a credit card payment this year for one reason or another. Contrary to what you might assume, the top reason...
FinTech News
LendingClub to Acquire Radius Bank for $185 Million
As various FinTech disruptors have grown over the years, some observers have theorized that banks would look to acquire these startups in order to integrate their services into their own (which has happened in some cases). However fewer would have guessed that things might end up the other way around — yet that seems to be what's at play for LendingClub. This week the marketplace lender announced that it was...
FinTech News
