FinTech News
Economic News
U.S. Dollar Continues to Strengthen
Despite economists bracing for the dollar to weaken due to the Fed's new dovish tone, it seems that the greenback is only continuing to rally. As CNN Business reports, the dollar has rallied 1.5% since January 30th — the date of the last Fed meeting. Not only is this development coming as a surprise to observers, but it could also serve as a headache for multinational corporations. Although a strong dollar...
Personal Finance News
Acorns Study Finds Americans Prioritizing Health Spending, Additional Saving
When it comes to personal finance matters, it's easy to get bogged down in bad news. However, on a brighter note, it looks as though more young adults are adopting better financial habits. Today the micro-investing app Acorns released their Money Matters Report for 2018, which asked 3,400 Americans between the ages of 18 and 44 about their various money habits, goals, and more. The results included some interesting trends...
Small Business News
Bank of America Debuts "Business Advantage 360" for Entrepreneurs
When it comes to running a small business, cash flow can be critical. From managing working capital to ensuring things such as payroll are covered, there's no doubt that entrepreneurs need to keep a close eye on their finances. That's why, this past week, Bank of America rolled out a new set of tools intended to help their small business customers stay up to date with their cash flow. Known...
Economic News
Finland's UBI Experiment Nets Happier Residents But No Extra Jobs
In recent years the concept known as universal basic income has gained steam as a potential alternative to the existing welfare state and/or a necessary preparation for upcoming changes to the economy. While economists and think tanks of many policial stripes have floated their own ideas and theories for what such a program would look like and what it would accomplish, there have only been a handful of real-world deployments...
FinTech News
Square's Jack Dorsey Only Shows Interest in Bitcoin
This week, Square CEO Jack Dorsey took to Twitter (the other company he serves as CEO of) to talk about cryptocurrency. More accurately, he took questions about Bitcoin, noting that it's the only crypto asset he owns. But that's not all — Dorsey went on to suggest that his Square Cash app will share his Bitcoin-only perspective and also teased a new feature for the app. In recent days Dorsey...
Personal Finance News
Study Finds Best and Worst Credit Cities for 2019
If you've been paying attention, you may have heard that the average credit score in America is on the rise. In fact, according to the Fair Isaacs Corporation — much more commonly known as FICO — the average now sits north of 700 points. However the personal finance site WalletHub recently sought to find which cities in the country had the best (and worst) credit scores, uncovering one stand-out where the median...
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