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What You Need to Know about the SEC's New Crowdfunding Rules
Posted on November 12, 2015

U.S. securities regulators have finally approved new crowdfunding rules which authorize start-ups to raise money from small investors over the Internet. Through Regulation Crowdfunding ("Reg CF"), the last remaining component of the Jumpstart Our Business Startups (JOBS) Act of 2012, the SEC has created a nationwide infrastructure for retail crowdfunding that benefits not only emerging[...]


MARKET TRENDS: Construction Spending at Highest Level Since 2008
Posted on November 9, 2015

The US housing industry remains healthy – despite a slowdown in overall growth of the broader economy in the third quarter of 2015. Construction spending in September was near an eight-year high. Third quarter GDP growth estimates slid to a 1.5% annual pace, compared to a 3.9% rise in the April to June quarter. This [...]


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 [...]


Do You Know the Difference Between a Credit Score and a Credit Report?
Posted on November 9, 2015

What is more important, your credit score or your credit report? If you do not know the answer to this question, you are not alone. Credit score issuing companies don't reveal the formulas they use to calculate credit scores, which in turn leads to confusion among consumers. Here's what you need to know about credit [...]


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.[...]