Personal Finance News
Economic News
Survey Finds Majority of Americans Want a Fed Rate Cut
When the Federal Reserve meets this week, for the first time in months the big question will not be whether or not they'll raise interest rates but whether they might cut them. According to the personal finance site WalletHub, there's a 23% chance they do so during their next session, with that probability increasing to 87% by July and 97% by September. If they do, it will be the first...
Small Business News
Senator Elizabeth Warren Announces Small Business Equity Fund Plan
With two dozen candidates currently in the running for the Democratic party's 2020 presidential nomination, pundits have often ascribed certain qualities or lanes to those in the race. In the case of Senator Elizabeth Warren, she's been seen as the biggest policy wonk of the group, offering several detailed initiatives she would hope to make reality were she to win the highest office in the land. Staying true to form,...
FinTech News
CoinBits Aims to Be the "Acorns of Crypto"
Bitcoin has been on a bit of a roll the last few months. With its price back over $8,000, there's hope that some new life can be breathed into the world's largest cryptocurrency. Still, the coin has a long way to grow, which is why Erik Finman — who MarketWatch describes as a "crypto wunderkind" — recently released CoinBits as a way to bring Bitcoin to a wider audience. Launched...
FinTech News
Uber Reportedly Looking to Expand into FinTech
Just over a month after its initial public offering, Uber is apparently looking to diversify its offerings while still pleasing their target demographic. According to a CNBC report the ride-hailing company is now eyeing an expansion into the realm of FinTech. While it's unclear exactly what these plans would entail, it seems that internal efficiencies along with perks for customers could all be in the cards. Reports suggest that Uber...
Personal Finance News
Amazon Teams with Synchrony Financial for New Secured Credit Card
Frequent online shoppers whose credit could use a boost may have a new credit card option. This week Amazon and Synchrony Financial announced the launch of the Amazon Credit Builder. Aimed at customers with low or no credit, the Amazon Prime Store Card Credit Builder is a secured credit card (meaning that consumers make a set security deposit up front) that includes some of the same perks as the non-secured...
Economic News
Trump Cancels Mexico Tariffs While Threatening China on Trade
Today was going to be the day that a new 5% tariffs on all imported goods from Mexico was supposed to go into effect (before climbing another five points monthly until it reached 25%). However President Trump announced on Friday that he was canceling that plan after our southern neighbors allegedly agreed to a deal to help curb immigration through the country. In tweets sent by the President on Friday,...
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