DJI Closes Above 15,000: What Does It Mean For You?
The Dow Jones Index (DJI) closed above 15,000 for the first time in history last week. This puts the major stock indexes – Dow Jones, S&P 500, and the Nasdaq – up 15.37%, 14.55%, and 13.81% for the...
View ArticlePonzi Convict Madoff tells CNN “I Can’t Sleep”
Citing his son's suicide, Bernie Madoff told CNN this week that he can't sleep and that he earns just $40 a month doing manual labor behind bars. He also said that while he worked for awhile as a clerk...
View ArticleSAC Capital Pulls Investigation Cooperation
The hedge fund, SAC Capital Advisors, worth $15 billion and front and center of an insider trading investigation, just got more interesting. The government, it seems, is no longer going to receive its...
View ArticleIs YNAB Worth Your Time and Investment?
From time to time, we come across new apps and programs designed to help manage consumers' finances. Some are remarkable and others, well...aren't.The post Is YNAB Worth Your Time and Investment?...
View ArticleOverwhelming Financial Truths: How They Affect Everything
If you're feeling more than slightly overwhelmed with all of the back and forth bickering on Capitol Hill and are confused by all of the so-called "new rules" of good credit, you're not alone.The post...
View ArticleMemorial Day Cyber Attack That Almost Happened
It's been called "gigantic", "massive" and "the largest attempt ever". Those adjectives are being used to describe the cyber attack that almost was on Memorial Day.The post Memorial Day Cyber Attack...
View ArticleDespite Data, We’re Not Financially Recovered
The latest report from the Federal Reserve Bank of St. Louis comes as little surprise to most. The message: Contrary to government insistence, American households have not financially recovered from...
View ArticleCapping Off the Financial News Week
It's been a doozy of a week for American consumers. From the new unemployment numbers a few hours ago that reveal an uptick in unemployment claims to the bombshells that are dropping about the American...
View ArticleCredit Card Stereotyping in Advertising
After seeing a series of credit card offers in nearly every media outlet, it would seem as though there are credit card stereotyping efforts that run rampant in the country.The post Credit Card...
View ArticleStudent Loans and No Solutions
Once again, the Senate failed to pass any kind of bill that would prevent the rates on student loans from doubling later this summer. The post Student Loans and No Solutions appeared first on...
View ArticleYoung Consumers Relying Less on Credit Cards
Seems the recession has brought out the more frugal side in younger Americans. The number of young consumers who rely on credit cards is at a new low.The post Young Consumers Relying Less on Credit...
View ArticleDetroit Offers Pennies on the Dollar to Creditors
Detroit is on the verge of filing bankruptcy. In fact, according to the city's Emergency Manager Kevyn Orr, there's still a "fifty fifty" chance it will find itself on the wrong side of a bankruptcy...
View ArticleThree-quarters of Americans are Living Paycheck to Paycheck
This may not come as a surprise to the majority of Americans, but a new report reveals what's going on just below the surface in home across the country. More than 75 percent of Americans are living...
View ArticleWhose Bad Financial Choices are Worse: Babyish Bieber or Defiant Deen?
Sometimes, one can’t help but wonder if celebrities’ true purposes are to entertain the rest of us, not with their acting abilities, but rather, because of their unpredictable lives and contradictory...
View ArticleFannie Mae vs. Banks, U.S. Treasury
Seems as though Fannie Mae is morphing into an unpredictable, courtroom-loving entity that it was never supposed to be. But is it because the GSE is actually playing by the rules with a government that...
View ArticleReady to Pay by Face?
We knew it couldn’t be that far into the future, and as this year has proved, the ability for computers to recognize our faces and then link our credit card information to that image was closer than...
View ArticleWill Rising Mortgage Rates Increase Home Buying?
The Federal Reserve has been assisting the economy by keeping lending rates as low as possible. The idea is that the with lower rates there will be increased spending, increased lending, and a general...
View Article0% APR for Retail Cards? Be Careful
Retail cards are far different than the traditional credit cards you're now carrying in your wallet. Deferred interest rates are often misunderstood.The post 0% APR for Retail Cards? Be Careful...
View ArticleWhy is Bank of America Still a Player?
Scandal after scandal after scandal - Bank of America is once again in the regulator crosshairs. The post Why is Bank of America Still a Player? appeared first on MarketProSecure.com.
View Article5 Years in: Too Big to Fail
In early October, this past year, New York's Attorney General Eric Schneiderman vented his frustrations at the lack of any movement being made on the so-called "too big to fail banks". The post 5 Years...
View Article