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Top 10 Personal Finance Articles of the Month — August 2020
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. To kick things off, we'll turn to the topic of minimalism. Then, we'll look at both money and time, followed by some personal accounts that could only have been written in 2020. Finally, to close things out, we'll look at milestones, mistakes, and more. As...
Economic News
United States Economy Brought Back Only 1.4 Million Jobs in August
Last month, more Americans headed back to work as the United States continued reopening efforts. According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls increase by 1.4 million in August. In turn, the unemployment rate fell from 10.4% to 8.4%. Unfortunately, despite the latest gains, the U.S. economy has still seen a net loss of 11.5 million jobs since the COVID-19 pandemic hit earlier this year....
Small Business News
Paycheck Protection Loans Could Complicate Small Business Acquisitions
Earlier this year, as the coronavirus pandemic and the mandated closures that came with it battered the United States economy, Congress authorized the Paycheck Protection Program (PPP), which would be managed by the Small Business Administration (SBA). The idea was that entrepreneurs could obtain the funds necessary to keep their business afloat and keep their staff employed during the uncertain times. Then, provided they met certain requirements, part or all...
FinTech News
CB Insights Reveals Third Annual "FinTech 250" List
The results are in! This week, research CB Insights revealed their "FinTech 250" list for 2020, recognizing the fastest-growing companies in the space. Of the 250 startups featured, 32 are considered "unicorns," meaning they're valued at more than $1 billion. What's more, 87 of those selected have raised "mega-rounds" of a $100 million or more since 2019, with 32 of those rounds coming this year. As for the combined list,...
Credit Card News
Chase Reveals New Freedom Flex Card, Enhances Freedom Unlimited Card
Like most industries, the credit card industry has been disrupted by the current pandemic. In recent months, issuers have been sending some mixed messages, with several cards adding bonus benefits to quell cardholders canceling, while also slashing credit limits for some customers. With that in mind, it might not seem like the ideal time to launch an updated credit card product, yet that's exactly what one bank is doing. This...
Personal Finance
United Airline Discontinuing Change Fees for Most Domestic Flyers
As the coronavirus pandemic grew stateside, several airlines introduced flexibility to their change and cancelation policies in order to allow customers to halt their travel plans without further penalty. Similarly, as the crisis continues, these airlines have sought to give potential flyers greater peace of mind not only through sanitation and spacing policies but also by extending their change fee-free offers. Now one major domestic carrier is making that policy...
Economic News
