Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
Personal Finance News
Sanders, Ocasio-Cortez Suggest Interest Rate Cap on Credit Cards
by Fioney Staff
A 2020 presidential hopeful and a popular Congressional freshman have announced that they're teaming up to take on the credit card industry. Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez announced last week that they'll be introducing legislation to cap credit card interest rates at 15%. Not surprisingly, as USA Today reports, the plan has been met with mixed reactions. Discussing the proposal on a Facebook live stream with Ocasio-Cortez, Sanders...
FinTech News
Bitcoin Surges to Highest Price in 10 Months
by Fioney Staff
Don't count Bitcoin out just yet. After a rough patch that saw the cryptocurrency falling through each perceived price floor and continued regulatory concerns, BTC has staged an impressive rally in recent days, topping $8,000 at times. As CNN Business notes, this is the highest level the asset has reached since last July. So what's behind the bullish run? One potential explanation lies in the struggles seen on the stock...
Small Business News
Mailchimp Introduces Marketing Platform for Small Businesses
by Fioney Staff
For two decades Mailchimp has gained popularity as a platform small businesses could use to manage email lists and send out updates to customers. Now, as PCMag reports, the company is expanding into a full-service marketing suite. The result could be a big deal for small business owners. In a blog post announcing the initiative, Mailchimp CEO Ben Chestnut explained, "For more than two years, we’ve been adding new features,...
Small Business Tips
How to Get More Online Reviews for a Local Small Business
by Fioney Staff
One strategy of growing your small business is to make sure that you have an online presence to help people discover your business. Getting online reviews, both on third party sites like Google Maps, Yelp, etc. as well as on your own website can be a great way to attract new customers. It can also be an easy way to get legitimate feedback on how your business is performing for...
Economic News
U.S.-China Trade War Escalates, Stocks Fall
by Fioney Staff
Just a couple of weeks ago it seemed that the United States and China were on their way to reaching a trade deal. This hope even played a role in helping the S&P 500 and Nasdaq indices reach record highs. Unfortunately, late last week, President Trump announced that tariffs on Chinese goods would increase from 10% to 25%. With China now retaliating, the markets are currently shedding some of the...
FinTech News
SoFi Introduces Gig Economy ETF
by Fioney Staff
Less than a month after debuting two of their own exchange-traded funds, FinTech firm SoFi is back at it. This week the company introduced another ETF, this time focusing on the growing gig economy. Trading under the ticker symbol $GIGE, the ETF currently includes companies directly and indirectly involved in the gig economy such as GrubHub, Groupon, Square, PayPal, Etsy, Ebay, and Lyft. Unlike their other ETFs — the SoFi...
Small Business News
Facebook Introduces New Tools Aimed at Small Businesses
by Fioney Staff
Just in time for Small Business Week, Facebook has just unveiled some new tools that come with an emphasis on small business users. As Inc reports, these include tools for creating automated ads, editing videos, and allowing customers to book appointments. Starting with the advertising part of their announcement, Facebook will now make it even easier for small businesses to promote their businesses on the platform. Automated Ads will first...