Economic News
Online Shopping Reaches Record on Black Friday 2020
by Fioney Staff
With the holiday shopping season now officially underway, consumers are apparently taking their shopping online in record numbers. Preliminary figures from Adobe Analytics (as reported by TechCrunch) show online sales on Black Friday growing 21.6% year over year to top $9 billion. Although that's on the lower end of Adobe's initial estimates ranging from $8.9 billion to $9.6 billion, the numbers put Black Friday 2020 second only to Cyber Monday... Small Business News
American Express Commits $2.5 Million to "100 for 100" Program for Black Women Entrepreneurs
by Fioney Staff
Continuing their commitment to supporting small businesses, this week American Express announced the 100 Black women entrepreneurs that have been selected to participate in the "100 for 100" program. Not only will the chosen women receive $25,000 in grants will also be able to utilize 100 days of business resources. These resources include business education, mentorship, and more. The 100 for 100 program was launched in partnership with IFundWomen of Color,... Small Business News
Three-Quarters of Americans Plan to Shop Local This Holiday Season
by Fioney Staff
Good news for small businesses: consumers are ready to shop small this season. A new survey conducted by Harris Poll on behalf of Mastercard found that 77% of Americans intend on shopping at local retailers for their holiday gifts. What’s more, 75% report that they’re being more conscious about where their shopping this season, prioritizing minority-owned and women-owned businesses. Additionally, more than half of those surveyed suggest they’d rather receive... Personal Finance
Money at 30: My Top Holiday Shopping Tips For 2020
by Kyle Burbank
Even though we're still in mid-November, I think we can all agree on fast-forwarding to the holiday season this year. Of course, 2020's festivities are bound to look a bit different in many ways. Nevertheless, shopping will surely still play a big role in the next several weeks. With that in mind, I figured I'd highlight some of my top holiday shopping tips — including some tailored to our current... Small Business News
American Express Reportedly Pursuing Kabbage Acquisition
by Fioney Staff
It looks as though American Express could soon be expanding its small business portfolio by purchasing a top FinTech lender. According to a report from Bloomberg, Amex is in "advanced talks" to buy small business lender Kabbage. Currently it is expected that the price tag on the deal could reach $850 million and would be an all-cash transaction. Bloomberg's unnamed source suggests that a final proposal could be hammered out... Home Buying Tips
Lessons From a First-Time Home Buyer: The Story of How We Bought a House
by Kyle Burbank
In 2015, my wife and I moved to Springfield, Missouri. At the time, while we originally elected to rent an apartment, we figured we'd eventually be able to buy a house here thanks to the lower cost of living and easy-going housing market. Despite this, although we'd revisited the idea from time to time, it seemed that something was always standing in our way. Most recently, this included interest rates...