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MARKET TRENDS: U.S. GDP Slows on Lower Business Inventories and Spending
Posted on November 9, 2015

The enthusiasm of the solid second quarter growth in the U.S. economy dissipated with a sharp slump in the third quarter growth rate. The Gross Domestic Product (GDP) expanded at a modest 1.5% annual rate in the third quarter of 2015, far below the 3.9% increase in the second quarter. Economic growth remained sluggish (0.6%) in [...]


Beware of this New EMV Chip Credit Card Scam
Posted on October 29, 2015

Credit card scams are recurrent news items. This time round, the scam relates to the new Europay, MasterCard and Visa (EMV) chip-enabled cards. The transition from the traditional cards to EMV-enabled chips has given crooks a sporting chance. Even the FBI is advising card holders to beware of fraud. New microchip-enabled cards are replacing traditional[...]


The Harsh Truth: How Credit Card Companies Finance "Cash Back" Offers
Posted on October 20, 2015

Most credit card companies offer rewards in the form of "cash back" in order to lure new customers and retain existing ones. In fact, reward points and cash back offers are the primary reason why some cardholders choose to pay for their purchases through cards instead of cash. After all, if your cards could get[...]


MARKET TRENDS: Stock Market Volatility Weighs On U.S. Small Business Optimism
Posted on October 20, 2015

The recent volatility in the U.S. stock market triggered waves of despair among small business owners in the country. Small business confidence remained shaky and reflected modest growth in September, after rebounding from its 15-month low in July this year. According to the National Federation of Independent Business (NFIB), the Small Business Optimism Index increased[...]


6 Hidden Credit Card Fees That You Can Avoid
Posted on October 19, 2015

Any credit card owner can unknowingly become a victim of avoidable and unexpected charges. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 protects us against the hidden charges and fees levied by credit card companies. Credit card companies are required to disclose all charges – and the methods adopted to calculate them[...]


MARKET TRENDS: U.S. Economy Sees More Construction Investment
Posted on October 9, 2015

The world's largest economy will see more construction activity in the future as suggested by a steady rise in investment in the sector that has helped the growth of the overall economy. The U.S manufacturing sector has been a major let-down, hurt by an appreciating dollar and slower growth in overseas business. Although a short [...]


Should Credit Cards Be Used to Fund a Business? (Yes!)
Posted on October 9, 2015

You must have heard stories about how the foundations of certain mammoth organizations were laid with just a piece of plastic – a credit card. Charles Huang is said to have maxed out his credit card to finance Harmonix, the company that produced the highest-grossing game in U.S. history, Guitar Hero III: Legends of Rock.[...]


MARKET TRENDS: US Economy Riding Strong On Consumer Spending & Construction
Posted on October 5, 2015

The third quarter of the fiscal year could be exciting as signaled by a strong rebound in the US economy – with the final GDP growth rate reading of 3.9% in the second quarter. Economists expect the third quarter GDP to grow by 2.3% per annum. Eyes will be on consumer spending as well as[...]


In What Order Should You Pay Off Debt?
Posted on October 5, 2015

Credit card debt is at its highest level in six years. The average credit card balance among households with debt stands at nearly $16,000. Everyone who is weighed down by debt wants to get out of it; however, this can prove to be a daunting task. The more debts you have, the more daunting this[...]


Modest Upswing in US Small Business Confidence
Posted on September 23, 2015

The U.S. economy continued to grow at a steady rate halfway through the third quarter, despite the recent turmoil in global financial markets triggered by concerns over slowing economic growth in China. Data on automobile sales, employment and the services sector have indicated a constant build-up of economic momentum at the start of the third[...]