Economic News
Small Business News
Survey: Majority of Small Businesses Expecting Recession in 2023
With the new year underway, a new survey highlights the economic outlooks held by small and medium-sized businesses. According to JPMorgan Chase’s 2023 Business Leaders Outlook survey, 61% of small business respondents (defined as businesses with annual revenues between $100,000 and $20 million) stated that they expect a recession to hit this year. Similarly, 65% of mid-sized businesses — those with annual revenues between $20 million and $500 million — said...
Personal Finance News
NerdWallet Names Best Banking Products, Credit Cards for 2023
With the holiday season in the rearview and 2023 now officially underway, many Americans may be taking a closer look at their finances — especially after the spending and traveling that comes with the holidays. As that happens, the site NerdWallet has just announced its "Best-Of Awards," highlighting the top banking products and credit cards across a number of categories. And while some victories were to be expected, there were...
FinTech News
FinTech Observers Offer Predictions for 2023
While we wait for the final results of what 2022 brought to the world of FinTech, some experts are offering their predictions for what to expect in 2023. Recently, Axios asked a number of observers for their thoughts on the year ahead. First, Kapor Capital managing partner Brian Dixon had a prediction about the future of the "buy now, pay later" (BNPL) concept, which remained popular in 2022. Dixon suggests...
Credit Card News
American Express Opens Expanded Centurion Lounge in SFO
With travel demand expected to remain strong in 2023, American Express has just unveiled an expanded lounge at a major domestic airport. Last week, an updated Centurion Lounge debuted at San Franciso International Airport (SFO). The newly-remodeled lounge is now nearly twice the size, coming in at 16,000 square feet. That extra space has been used to accommodate more seating and an additional bar that offers specialty wine flights curated...
Credit Card News
Chase Makes Rate Adjustments to Pay Yourself Back Program
Early in the pandemic, Chase made a few changes to help their credit card customers get value from their cards even at a time when travel was halted. One of the most notable developments in this vein was the introduction of the Chase Pay Yourself Back program. With this feature, those with cards such as the Chase Sapphire Reserve and Sapphire Preferred could redeem their points for "everyday" purchases such...
FinTech News
Save Announces ESG-Focused Portfolio
With many consumers growing more environmentally conscious, a number of companies have made efforts to change the way they do business in a bid to become more eco-friendly. Furthermore, in the world of FinTech, several startups have also supported environmental efforts by promoting certain habitual changes and helping consumers divest from companies that don't support their values. Now, another company is joining this trend with its latest offering. This week,...
Personal Finance News
