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FedNow: Transforming the Future of Money Transfers in the US To modernize money transfers and foster a more efficient and secure payment ecosystem, the Federal Reserve has launched “FedNow,” an instant payment platform. This groundbreaking initiative aims to facilitate faster cash flow for businesses and individuals, enabling seamless transactions in seconds. However, while FedNow promises […]
BRICS and non-BRICS nations are lining up to escape the dollar hegemony. The BRICS (Brazil, Russia, India, China, and South Africa) are among the world’s largest economies. They have been exploring the possibility of launching a new currency to challenge the dominance of the US dollar in international trade. The BRICS ran a trade surplus, […]
The United States has long been considered the land of opportunity, where hard work is supposed to lead to financial success. However, in recent decades, the wages of American workers have stagnated, even as productivity has continued to increase. This phenomenon, known as wage stagnation, is a severe issue that affects millions of people in […]
In recent years, there has been an unprecedented expansion of the global middle class. According to the World Bank, between 1990 and 2015, the percentage of people living in extreme poverty fell from 36% to 10%, and the global middle class grew from 1.8 billion to 3.2 billion. This expansion has been driven by economic […]
Filing Your Taxes in 2022 might be more complicated due to advanced child tax credit, stimulus check, and covid-19 pandemic economic relief measures. Taxpayers can begin filing their taxes with the Internal Revenue Service (IRS) starting January 24 through April 18. The IRS has not said anything about extending the deadline. Continue reading to […]
Trump’s trade war with China starts causing some economic pains. We all know the adage, “no pain, no gain.” Senator Lindsey Graham recommended that Americans start living by that adage, at least during Trump’s presidency. Should you take Mr....
By MacKenzy Pierre
Macron leads G7 Summit. The leaders from the world’s largest economies, Canada, Germany, Japan, Italy, France, the U.K., and the United States, are gathering right now in Biarritz, France. Amazon fires, inequality, and the U.S. and China trade war are...
By Article Posted by Staff Contributor
David Koch’s death will not stop his political agenda; his wealth will allow them to flourish decades after his death. The policies he supported politically hurt the middle-class, but he was a great philanthropist. David Koch was a complex man....
By MacKenzy Pierre
Calculating credit card interest and how much it will cost you each time you swipe that credit card is quite simple. Last week, I received a credit card offer in the mail from Wells Fargo. The proposal said that the...
By Article Posted by Staff Contributor
Budgeting can feel overwhelming, especially if you’ve tried before and failed. Maybe the idea of tracking every penny makes your head spin, or perhaps you’ve started...
By Article Posted by Staff Contributor
Scams Are Getting Harder to Spot: The Best Defense is Knowing the Top Scams Happening Now Scammers are no longer just a nuisance—they’re a real and...
By Article Posted by Staff Contributor
Budgeting can be a challenge, especially if you get paid just once a month. Unlike those with biweekly or weekly paychecks, monthly pay can create unique...
By Article Posted by Staff Contributor
You can be middle class by income, net worth, or education; however, since the world has become flat for decades now, it has been difficult for...
By FMC Editorial Team
The Federal Reserve’s Upcoming Rate Cut: A Game-Changer for Car Buyers Car buyers, rejoice! The Federal Reserve is gearing up to cut interest rates this month,...
By Article Posted by Staff Contributor
These are Services that Middle-Class Americans Won’t Be Able to Afford by 2030 Due to Inflation and Price Gouging Taking your kids to a sporting event...
By MacKenzy Pierre
Amid the economic chaos unleashed by the COVID-19 pandemic, 3.9 million business owners turned to Economic Injury Disaster Loans (EIDL) as a financial lifeline, borrowing over...
By MacKenzy Pierre
Biggest Financial Crimes: Salomon Smith Barney Salomon Smith Barney was once a Wall Street giant, renowned for its aggressive trading strategies, high-stakes investment banking deals, and...
By Article Posted by Staff Contributor
Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep...
By FMC Editorial Team
I. Introduction Securing the best 30-year mortgage rate can make a significant difference in the overall cost of your home over the long term. Even a...
By Article Posted by Staff Contributor
Budgeting can feel overwhelming, especially if you’ve tried before and failed. Maybe the idea of...
Scams Are Getting Harder to Spot: The Best Defense is Knowing the Top Scams Happening...
Budgeting can be a challenge, especially if you get paid just once a month. Unlike...