The newest financial scheme has everyone baffled: consumers found money in their bank accounts, usually for the sum of $200 to $300, but then between $60 and $90 in fees were taken out every two weeks indefinitely. When consumers disputed the deposits and the withdrawals, the alleged … [Read more...]
Bank of England Votes 7-2 to Keep Interest Rates Unchanged
The Bank of England (BoE) has voted 7 to 2 in favor of keeping interest rates unchanged, citing a decline in inflation, according to the latest minutes of the Monetary Policy Committee (MPC) released by the British central bank. The central bankers noted that there isn't enough … [Read more...]
Is the Vintage Automobile Market Revving Up a Bubble?
This week, a collection of nine vintage muscle cars netted approximately $2.5 million in less than 60 minutes. Late last month, a 1962 Ferrari 250 GTO Berlinetta sold for $38.1 million at the Bonhams Quail Lodge auction in Carmel, California – this is 28 percent higher than the … [Read more...]
Two Weeks Left to Score Free Coffee at McDonald’s
How badly do you need coffee in the morning? For the next two weeks, you don’t have to pull out your wallet when you head over to McDonald’s (NYSE:MCD) to imbibe your morning ritual. Instead, the fast-food juggernaut is offering free morning coffees for the next two weeks as part … [Read more...]
United Way Charities to Accept Bitcoin Donations
Retailers and merchants aren’t the only establishments incorporating digital currency into their business model. Non-profit organizations and charities are the latest entities to begin utilizing the power of bitcoin and other virtual currencies. United Way Worldwide has become one … [Read more...]
Marriott Hotels Wants You to Tip Their Maids
Do you tip the hotel maid? This used to be rather common decades ago – just watch any motion picture from the 1930s or 1940s and characters situated in hotel rooms will regularly tip the maid, server, baggage carrier or telegram deliverer. One hotel chain is attempting to bring it … [Read more...]
Healthcare Debt Will Have Less of an Impact on FICO Scores
Soon after the economic collapse a few years ago, the United States government and financial industry imposed tougher lending standards that eventually prevented millions of consumers with weak credit from refinancing their mortgage, purchasing a new home or trading up. This may now … [Read more...]
Police Target 3 Winnipeg Schools for Safe Driving Pop Quiz
Many drivers have been guilty of using their smartphone while driving. Due to a growing number of accidents, injuries and deaths, ad campaigns targeting motorists texting behind the wheel have become ubiquitous and are aimed at creating awareness of the dangers that such practices … [Read more...]
Bank of Russia Interest Rates Unchanged because of Inflation
The Bank of Russia announced Friday that it would keep interest rates the same because of growing inflation due to Western sanctions, according to its annual monetary policy strategy document. The central bank’s decision caused the ruble to fall to a new all-time record low of 37.938 … [Read more...]
No Escaping Student Loans Even at Age 65
When you think of student loan debt, the first thing that comes to mind is a new college graduate aged 22 to 34. A new government report suggests that the gray-haired senior population is also suffering from the shackles of student loan debt, and it may hinder their retirement … [Read more...]
Number of Americans Filing for Unemployment on the Rise
The number of Americans filing for unemployment benefits unexpectedly rose by 11,000, a two-month high, to a seasonally adjusted 315,000 in the week ending Sept. 6. This data disrupted the steady decrease to the lowest level since prior to the Great Recession. The Labor Department … [Read more...]
Fed Surcharge Places Banks at a Competitive Disadvantage
The Federal Reserve is planning to hit the largest banks in the United States with an expensive new requirement that is meant to diminish the threat that some financial institutions still face as being “too big to fail,” even six years after the economic collapse. According to … [Read more...]
Bank of England Raising Interest Rates this Spring
As the United States, Canada and the European Union continue to suppress the interest rates and delay any hike, the Bank of England’s (BOE) Mark Carney hinted that the British central bank would begin to raise rates starting in spring of next year. This would be the first time the … [Read more...]
Washington Takes Action Against Corporate Tax Inversions
Corporate tax inversions have been a hot political topic in the United States, especially when Burger King announced that it would merge with Canada’s iconic coffee chain Tim Hortons. President Obama has urged corporations to refrain from taking advantage of this loophole, while … [Read more...]
Degrading Truett Cathy’s Memory: Both Sides Should Be Ashamed
Loss of a Great Man The world lost an inspirational man, an amazing entrepreneur, and a Christian conservative last night when Truett S. Cathy passed away peacefully in his sleep at the ripe old age of 93. As most people know, Cathy was the founder of Chick-fil-A, whose faith, … [Read more...]
Lower Pay, Less Benefits and More Part-Time Jobs Coming Soon
The United States labor force could face an aphotic future of lower pay, less benefits and fewer full-time employment positions, says a new Harvard Business School alum study of U.S. companies released Monday. Study authors purport that this is a growing example of the widening gap … [Read more...]
Starbucks has Big Plans for Small Express Coffee Stores
Busy commuters and coffee aficionados are the next market demographic Starbucks (NASDAQ:SBUX) is looking to cater to. The global coffee chain is planning to establish smaller, express stores aimed toward busy commuters, while also creating premium coffee stores for those dedicated to … [Read more...]
Back to School Shoppers Looking for ‘Better’ Deals
Kids are officially back in school learning writing and arithmetic – unless you live in the province of British Columbia – but parents still have yet to complete all of their back to school shopping to-do lists for their children. Business analysts expect that busy consumers are … [Read more...]
Credit Card Companies Under Fire for Deceptive Marketing
We have all been there at least once before before. We use our credit card a couple of times during the month and when we receive our monthly statement we are surprised to find a fee that we didn’t know even existed. These fees are now being warned about by one top United States … [Read more...]
Auto Loan Industry at All-Time High
With the brutal winter that much of North America endured, it was expected that a lot of consumers would return to the open road once the weather started to improve. The data suggests that Americans did exactly this. According to a new report by Experian Plc (via Reuters), a … [Read more...]
