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From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]
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 […]
Eighteen years ago, al-Qaeda’s terrorists hijacked four U.S. commercial flights and flew them into the Twin Towers in New York, the Pentagon, and a field near Shanksville, Pennsylvania. The egregious attacks took nearly 3,000 lives, including pregnant women and children....
By MacKenzy Pierre
Hiring slowed in august because the economy lost manufacturing jobs. Labor Department reported on Friday that the U.S. economy added 130,000 jobs in August including 25,000 temporary positions from the United States Census Bureau. The new job number missed the...
By Article Posted by Staff Contributor
How Much Do You Love Your Job? Department of Justice (DoJ) charged a former Google employee with 33 counts of trade theft. Anthony Levandowski. Before he left Google in 2015 to join Uber, Mr. Levandowski downloaded thousands of proprietary files...
By Article Posted by Staff Contributor
Congress is back on September 9th. When they get back to Washington, the American middle class would want them to focus on the U.S. economy. Trump’s trade war is starting to help consumers. The Mueller testimony was the last congressional...
By Article Posted by Staff Contributor
If you’ve ever shopped for a home or looked into mortgage options, you might have come across something called an “interest-only mortgage.” At first glance, it...
By Article Posted by Staff Contributor
Credit cards can be handy tools for managing finances, earning rewards, and building credit. However, not all credit cards are created equal, and one of the...
By MacKenzy Pierre
Closing Credit Cards: Smart Strategy or Risk to Your Credit Profile? A Comprehensive Guide to Managing Revolving Credit You’re not alone if you’ve considered closing a...
By MacKenzy Pierre
Making smart financial decisions can feel overwhelming, but avoiding these common mistakes is a significant first step. Though often made unintentionally, these missteps can impact your...
By Article Posted by Staff Contributor
You’re not alone if you’ve noticed your savings dwindling or are finding it more challenging to set aside money. The U.S. personal savings rate has plummeted...
By MacKenzy Pierre
Seeing a sudden, significant drop in your credit score can feel like a punch in the gut. A sharp decline can be alarming whether you monitor...
By MacKenzy Pierre
Americans owe a staggering $1.14 trillion in credit card debt, a record-breaking figure that shows no sign of slowing down. Credit card balances surged by $27...
By MacKenzy Pierre
When you think of luxury homes, images of sprawling estates, breathtaking views, and the finest amenities come to mind. But for those seeking the pinnacle of...
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
If you’ve ever shopped for a home or looked into mortgage options, you might have...
Credit cards can be handy tools for managing finances, earning rewards, and building credit. However,...
Closing Credit Cards: Smart Strategy or Risk to Your Credit Profile? A Comprehensive Guide to...