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Why Black Friday Could Prove to Be a Nightmare this Year
Posted on November 19, 2015

With Thanksgiving around the corner, I'm sure you are all geared up for Black Friday too. One word of caution though – up until now, you only had to deal with lines that led to the entrance of your favorite store. Now however, you may have to wait in long lines to check out as[...]

MARKET TRENDS: Solid Housing Starts and Builder Confidence Hints at Possible Fed Rate Hike
Posted on November 16, 2015

Looks like the U.S. housing industry has finally landed on solid ground, with a sixth consecutive increase in housing starts in September. Housing starts rose 6.5% to a 1.21M annualized in September after touching its second highest level in the past eight years in July. Soaring demand for rental apartments, especially from the younger population[...]

5 Tips to Maximize Your Credit Card Rewards Program
Posted on November 12, 2015

Maintaining multiple credit cards is no mean feat, yet there are people who not only manage this task well, but also succeed in reaping substantial benefits through cards rewards programs! You can manage this incredible feat too. All you need to do is follow the steps below. 1. Pick the Right Rewards Program In order [...]

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 [...]

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 [...]

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[...]

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[...]

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[...]