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.
FinTech News
Coinbase Pro Adds XRP to Exchange
by Fioney Staff
At long last one of the top cryptocurrency exchanges has added support for one of the most popular digital assets. This week Coinbase announced that it was bringing Ripple (XRP) to Coinbase Pro, joining other coins such as Bitcoin, Etherum, Litecoin, and others. Since the announcement, XRP has seen prices increase by more than 3% and is currently trading at around $0.32 per coin. In a blog post Coinbase announced...
Economic News
President Trump Delays Increase to China Tariffs Due to "Substantial Progress"
by Fioney Staff
Since first hitting the campaign trail in 2016, one of the topics that now President Donald Trump has hit one more than nearly any other (save “The Wall”) has been China. Thus, once ascending to the highest office in the land, the president has taken aim at the People’s Republic of China, resulting in a trade war that escalated throughout the past year. However, as an agreed upon “ceasefire” nears...
Personal Finance News
Survey Asks What Average American Considers "Life-Changing" Money
by Fioney Staff
Have you ever stopped to ponder how much money it would take to significantly change your life? This could mean the amount of cash it would take to get out of debt, have an emergency fund, or perhaps make a down payment on a home. Although for most people winning the lottery isn’t required for such a transformation to occur, the sum that the average adult quoted as their “magic...
FinTech News
Apple, Goldman Sachs Reportedly Planning Credit Card with iPhone Features
by Fioney Staff
Depending on who you ask, rewards credit cards are either a hackable finance tool or an all too tempting trap. Nevertheless several companies have taken a shot at entering the crowded market to varying levels of success. Now comes word that two major companies could be coming out with a new card that offers a FinTech twist. According to a report in the Wall Street Journal, Apple and Goldman Sachs...
FinTech News
SoFi Introduces SoFi Invest for Active and Automated Trading
by Fioney Staff
When it comes to FinTech firms, expansion is the name of the game. Often times this means diversifying your offerings in a logical way in order to gain customers and bring them into your ecosystem. That’s exactly what SoFi is aiming to do, launching new brokerage account options for either active or automated investing. According to Barron’s, SoFi has introduced SoFi Invest, allowing users to buy and sell stocks and...
Small Business News
GOBankingRates Ranks Top U.S. Cities Where Entrepreneurs Thrive
by Fioney Staff
When most people hear the term “startup” it’s common for areas like Silicon Valley to come to mind. That’s why some may be surprised to learn that, when it comes to starting a small business, the U.S. map is filled with cities where entrepreneurs are thriving. Now GOBankingRates (GBR) has released a study ranking the top 20 best cities for new small businesses, including several that aren’t in Northern California....
Economic News
Bankrate Study Finds Credit Card Debt Rising, Emergency Funds Falling
by Fioney Staff
We’ve often heard frightening statistics about how few adults could cover an unexpected expense of only a few hundred dollars. Additionally the amount of credit card debt Americans hold has topped $1 trillion in recent years. Now a new survey by Bankrate has some more bad news: the percentage of those whose debt outweigh their savings is on the rise. In a survey conducted earlier this year, Bankrate found that...