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BRICS and non-BRICS nations are lining up to escape the dollar hegemony. The BRICS (Brazil, Russia, India, China, and South Africa) are among the world’s largest economies. They have been exploring the possibility of launching a new currency to challenge the dominance of the US dollar in international trade. The BRICS ran a trade surplus, […]
The United States has long been considered the land of opportunity, where hard work is supposed to lead to financial success. However, in recent decades, the wages of American workers have stagnated, even as productivity has continued to increase. This phenomenon, known as wage stagnation, is a severe issue that affects millions of people in […]
In recent years, there has been an unprecedented expansion of the global middle class. According to the World Bank, between 1990 and 2015, the percentage of people living in extreme poverty fell from 36% to 10%, and the global middle class grew from 1.8 billion to 3.2 billion. This expansion has been driven by economic […]
Filing Your Taxes in 2022 might be more complicated due to advanced child tax credit, stimulus check, and covid-19 pandemic economic relief measures. Taxpayers can begin filing their taxes with the Internal Revenue Service (IRS) starting January 24 through April 18. The IRS has not said anything about extending the deadline. Continue reading to […]
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 […]
Credit card churning is not illegal or unethical. Cardholders might even see it as part of the game since credit card issuers earn massive profits each year. The credit card industry had $176 billion in profits in 2020. However, credit...
By Article Posted by Staff Contributor
Credit inquiry can drop your credit scores temporarily. However, too many inquiries can seriously affect your VantageScore and FICO, with the latter being used by 90% of lenders. As a result, lenders, mostly credit card issuers, can deny you future...
By FMC Editorial Team
Credit card interest rates can be as high as 29 percent. The interest is often compounding daily on average credit card balance, making the debt grossly expensive to service. The debt can get even costlier depending on the type of...
By Article Posted by Staff Contributor
Large credit limits let cardholders plan their finances better. They can lower their credit utilization, increase their credit scores, access interest-free short-term loans, and build an emergency fund. Personal finance experts quickly tell their clients to stay away from credit...
By Article Posted by Staff Contributor
The Initial Public Offering (IPO) market is a significant barometer for economic health and investor sentiment. As we approach the end of 2023, a reflective analysis...
By MacKenzy Pierre
2024 IPO Draft Class: Ranking the Top Prospects Following the pattern of last year’s tumultuous market conditions, the 2024 IPO landscape presents a mix of familiar...
By MacKenzy Pierre
Due to their boredom, long-term, low-cost, and passive investing strategies have lost ground to more speculative asset classes. This article aims to make a case for...
By MacKenzy Pierre
Yes, Bitcoin is a financial asset, but it’s not ready yet to be inside your 401(k), 403(b), and Traditional IRAs. If you know me, then you...
By MacKenzy Pierre
Cash Management for Growing Businesses: Navigating the Waters of Growth and Liquidity In the early stages, startups often focus on deploying significant capital with minimal immediate...
By MacKenzy Pierre
Biggest Financial Crimes: Adelphia Adelphia Communications Corporation, once a titan in the cable industry, became synonymous with corporate fraud in the early 2000s. This article delves...
By Article Posted by Staff Contributor
Commercial Credit Reports & Commercial Reporting Agencies Commercial credit reports are documents compiled by credit bureaus that provide detailed information about a business’s credit history. These...
By Article Posted by Staff Contributor
Entrepreneurship is a challenging journey, often marked by initial success that can be followed by unforeseen difficulties. While 20% of small businesses survive their first year,...
By MacKenzy Pierre
Roth IRA vs. Roth 401(k): Which Is Better for You? As the adage goes, the early bird catches the worm. When it comes to planning for...
By Article Posted by Staff Contributor
Traditional 401(k) vs. Roth 401(k): Which Is Better for You? When it comes to planning for those golden years of retirement, you have numerous tax-deferred accounts...
By MacKenzy Pierre
The Initial Public Offering (IPO) market is a significant barometer for economic health and investor...
2024 IPO Draft Class: Ranking the Top Prospects Following the pattern of last year’s tumultuous...
Due to their boredom, long-term, low-cost, and passive investing strategies have lost ground to more...