Trending Now :
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 […]
Joe Biden will not cancel student debt because he has never really supported the middle class. President Joe Biden had his first town hall on February 16, 2021. In response to a popular question from one woman in the audience on student debt forgiveness, the President said he would not support $50,000 in student debt […]
Joe Biden’s relief plan is getting pushback from both Democrats and Republicans for its generosity. The new President released its $1.9 trillion stimulus package about two weeks ago; it includes checks to American families, money for states and local governments, support for vaccine distribution, and more. The plan calls for $400 weekly pandemic unemployment benefits, […]
The stock market is on sale, but all sales are not created equal. Last week, the S&P 500 fell 20 percent below its peak and entered bear market territory since the pandemic. The Dow Jones Industrial Average and Nasdaq recorded...
By MacKenzy Pierre
Investors need to Netflix and chill and cancel all the noise coming from Wall Street analysts. The company announced yesterday that it lost net subscribers for the first time in its 2 ½ decades; its shares plunged 20% in after-hours...
By MacKenzy Pierre
Too big to fail banks and nonbank financial companies are still a problem. Moreover, many companies across new sectors and industries have become part and parcel of the U.S. economy. They have significant systematic risk, and their failure will be...
By MacKenzy Pierre
Everyday credit cards provide cardholders with price protection, cashback rewards, rental car insurance, and more excellent rewards. However, not all credit cards are great financial tools. Credit cards are part of our everyday life. Americans are serving nearly $1...
By Article Posted by Staff Contributor
Biggest Financial Crimes: Countrywide Financial Corporation The opacity of the financial industry and complex business operations allow certain groups of organizations, financial and non-financial institutions, and...
By Article Posted by Staff Contributor
The median one-bedroom rent is $1,414, a gallon of regular gas now costs more than $5 for the first time nationwide, and inflation hits a 40-year...
By MacKenzy Pierre
The stock market is on sale, but all sales are not created equal. Last week, the S&P 500 fell 20 percent below its peak and entered...
By MacKenzy Pierre
Investors need to Netflix and chill and cancel all the noise coming from Wall Street analysts. The company announced yesterday that it lost net subscribers for...
By MacKenzy Pierre
First and foremost, moving to a new state or city is a big decision, and buying a property can be a thrilling experience, but it can...
By Article Posted by Staff Contributor
Intergenerational poverty is a condition where poverty is passed down from one generation to another. The poor decisions that parents make affect children over several generations...
By FMC Editorial Team
Buying a home for the first time might be difficult, especially right now with the median U.S. home price above $400,000. Understandably, you’d be concerned about...
By Article Posted by Staff Contributor
As American household debt rises, credit card fixed-interest loans are becoming a significant percentage. Credit card companies are letting their cardmembers convert part or all of...
By Article Posted by Staff Contributor
Too big to fail banks and nonbank financial companies are still a problem. Moreover, many companies across new sectors and industries have become part and parcel...
By MacKenzy Pierre
Financial literacy and education are more critical now than ever. Every day, American consumers have to navigate complex financial consumer markets. However, too few of them...
By Article Posted by Staff Contributor
Biggest Financial Crimes: Countrywide Financial Corporation The opacity of the financial industry and complex business...
The median one-bedroom rent is $1,414, a gallon of regular gas now costs more than...
The stock market is on sale, but all sales are not created equal. Last week,...