FinTech News
Economic News
S&P 500, Nasdaq Reach Record Closing Highs on Tuesday
Ever since U.S. markets took a tumble on Christmas Eve of last year, much has been made about an impending turnaround. Earlier this week those fears seemed far out of mind as the S&P 500 and the Nasdaq both closed at record highs. As for the Dow Jones Industrial Average, it wasn't far behind either. CNBC reports that the S&P closed 2,933.68 on Tuesday, besting the previous 2,930.75 seen in...
Small Business News
WalletHub Ranks the Best Small Cities to Start a Small Business
We've all seen various annual lists looking at the top cities to start a small business (we've definitely discussed them here as well). However these studies often look at major markets and metro areas — so what about some of America's hidden gems? That's why the personal finance site WalletHub has just released a new report highlighting the top small cities to start a business in 2019. To create their...
Personal Finance News
Telecom T-Mobile Launches Mobile-First Checking Account for All
Over the past few years, a lot has changed in the world of mobile service plans. From the dismantling of subsidized devices, the fall and subsequent return of unlimited data, and the bundling of streaming services into mobile plans, U.S. carriers have continually worked to find ways to one-up each other while also increasing profits. In a similar but decidedly different vein, this past week brought some unexpected news as...
FinTech News
Venmo Reportedly Working on Credit Card Offering
Even in our digital age, it seems some physical fallbacks are still hard to shake. Case in point: the popularity of plastic in the face of many payment options. This continued reliance is probably why we've seen several FinTech startups known for their disruption and innovation taking things back to banking basics by offering their own twist on debit card products. Now a new report in the Wall Street Journal...
Economic News
Home Mortgage Applications Reached a Nine-Year High Last Week
Despite some parts of the country seeing snow this past week, make no mistake that it is officially spring. That means that, in addition to blooming trees and allergies, it's time for home sales to pick back up after the slower winter season. On that note it seems that the homebuying bug is already biting as mortgage applications to purchase recently rose to a nine-year high. As CNBC reports, mortgage...
Small Business News
More Small Business Owners Turning to Online Lenders
When businesses are in need of a loan, where do they turn? Previously many may have said their local bank or another major institution. Although that's still often the case, the number of entrepreneurs looking to online lenders for funding continues to grow. A new study by Federal Reserve Banks found that the percentage of small business owners applying to online lenders is on the rise. Of those surveyed, 32%...
FinTech News
