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A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The federal funds rate or benchmark rate is currently at a range of 0% to 0.25%. This year, it can go up as high […]
Capitalism always ignores politics and significant social justice issues. Rumor has it that Tesla Inc might move its headquarters to Austin, Texas. The company held its annual shareholder meeting there yesterday. Oracle, Apple (second-largest campus), Charles Schwab, and many more Silicon Valley companies have moved to Texas over the past couple of years. Moreover, many […]
The financial crisis of 2007-2008 has lasting economic impacts. In the fall of 2008, the US gross domestic product (GDP) fell by 4.3 percent. Two well-researched academic papers proposed a different reason for the Great Recession. The paper by Professor Baijnath Ramraika and Michael Benatar, titled “Real Estate Prices, Subprime Lending and Financial Crisis: Lessons […]
Universal basic income (UBI) or guaranteed income has been gaining more and more momentum since then-presidential candidate Andrew Yang made it the cornerstone of his 2020 presidential run. UBI promises to give people a fixed amount of money every month with no strings attached or stipulations on how to spend it. According to Bloomberg, at […]
The GameStop, r/WallStreetBets and Robinhood’s saga last month dampened Robinhood IPO hope and fractured its “Investing for Everyone” slogan. The revolt against the popular trading platform might not be warranted. In case you missed GameStop, r/WallStreetBets, and Robinhood Mayhem, here is a recap. Members of the subreddit WallStreetBets were bullish on GameStop’s stock. They thought […]
How Do You Build Wealth: Get A Good Job is the latest article from our “ How do you build wealth” series Read “How Do You Build Wealth: Invest in Yourself.” Having a degree isn’t necessary to succeed in today’s...
By MacKenzy Pierre
Introduction. There are two types of people in the world: those who have wealth and those who don’t. The difference between the two is that the wealthy know how to build wealth, while the others don’t. It’s not that the...
By FMC Editorial Team
What is credit counseling? Can it help to deal with a financial crisis? Yes, credit counseling can find ways for your financial situation and give you much-needed relief. Sometimes, we lose control over our finance unexpectedly and struggle to get...
By Article Posted by Staff Contributor
AMTD Digital’s stock is up 21,400% and amassed a whopping $250 billion market capitalization over the past week. Still, I dont think it’s another meme stock because of its profitability, innovative business model, and strategic geographic location. AMTD Digital is...
By MacKenzy Pierre
Auto loans are a popular way for individuals to finance the purchase of a new or used vehicle. These loans can be secured or unsecured, meaning...
By Article Posted by Staff Contributor
A mortgage rate buydown is a financing strategy borrowers use to reduce the interest rate on their mortgage loans. Sellers start offering it as a concession...
By Article Posted by Staff Contributor
Financial literacy is understanding and using financial knowledge to make informed decisions. With the average American holding a debt balance of $96,371, it is an essential...
By MacKenzy Pierre
The 2023 US stock market outlook is an exciting topic, as it is difficult to predict the market’s future. However, a few key factors can help...
By Article Posted by Staff Contributor
The dismal performance of blockbuster IPOs such as electric car maker, Rivian, the trading platform Robinhood, and others forced many top anticipated 2022 IPOs to sit...
By MacKenzy Pierre
The U.S. IPO market plummeted in 2022, with 181 deals raising $9 billion, including special-purpose acquisition companies (SPACs) and direct listings. According to Ernest & Young...
By MacKenzy Pierre
How Do You Build Wealth: Start Your Own Business is the latest article from our “How do you build wealth” series Read “How Do You...
By Article Posted by Staff Contributor
How Do You Build Wealth: Invest in Real Estate is the latest article from our “How do you build wealth” series Read “How Do You Build...
By Article Posted by Staff Contributor
The benchmark 30-year fixed mortgage might hit 7.5% by the end of the year. Rate hikes are starting to percolate into the economy and have unintended...
By MacKenzy Pierre
How Do You Build Wealth: Invest in Financial Assets is the latest article from our “How do you build wealth” series Read “How Do You Build...
By Article Posted by Staff Contributor
Auto loans are a popular way for individuals to finance the purchase of a new...
A mortgage rate buydown is a financing strategy borrowers use to reduce the interest rate...
Financial literacy is understanding and using financial knowledge to make informed decisions. With the average...