Illustrated | Spencer Platt/Getty Images, Screenshot/fred.stlouisfed.org December 4, 2018 Sound the alarms, man the battlements, and gird your loins for the next recession. The yield curve has inverted. Anxious headlines blared the news across the financial media. The U.S. dollar dropped on Tuesday, spooked by recession fears, and the Dow Jones Industrial Average plunged a stomach-turning 800 points — making […]Continue reading "What’s a yield curve inversion and why is everyone freaking out?"
Worker paychecks in July actually declined when accounting for inflation, according to Labor Department figures. On a year-over-year basis, wages were essentially flat in real terms, dragged down by price pressures from housing costs and other areas. The lag in wage growth comes while most other areas of the economy are performing well. While the […]Continue reading "Workers see their paychecks get smaller as inflation continues to rise"
These Rappers Are Not Rich, Bro Rap is deeply rooted in outspoken, unapologetic braggadocio, but the extravagance that comes with the entertainment is often misleading. The pilot episode of NBC’s The Fresh Prince of Bel-Air premiered on September 10, 1990. Will Smith—the star of the series—was new to acting, but acclaim as a prominent rap artist made […]Continue reading "Don’t believe the hype"
Play Video A look back at the year in aviation By Nathaniel Meyersohn Flying to the beach may be more expensive this summer. Rising fuel prices are pressuring airline profits. That means airlines will charge higher airfare. It’s difficult to predict how much more expensive seats will become or the timing of fare increases, but […]Continue reading "Plane tickets are about to get more expensive"
Issuers are quietly scaling back some of their perks after the fanfare surrounding their cards’ release Price protection can help consumers save big, especially on pricey items. Price protection can help consumers save big, especially on pricey items. Chase’s Sapphire Reserve card just got a little less generous. Chase JPM+1.94% is no longer offering price […]Continue reading "Chase axes perk from its Sapphire Reserve card—why your issuer could do the same"
Yes, they do exist If your credit is decent, and you know where to look, a zero-interest credit card offers financial consumers some definitive advantages. The fact is, a zero-interest credit card is worth pursuing, just based on the numbers alone. In 2017, the current average credit card interest rate was 12.77%, according to a […]Continue reading "Fine Art of Obtaining a Zero Interest Credit Card "
Photo by CafeCredit. Let’s say your bank sucks, treats you poorly, and you’re ready to break up with them. While you’re on the hunt for a new, better place to store your money, remember this: some banks will pay you to switch. Wells Fargo Customers Should Check Their Bank Accounts Read more That’s right, many banks offer sign-up bonuses. […]Continue reading "The Best Bank Sign-Up Bonuses and Perks"
Daily Worth If you’re in the market for a car or home loan, chances are you ran a free credit report to see how good (or bad) your score is. Maybe you’re feeling good about yourself, and then all of a sudden you’re denied outright. What happened? Well, it’s likely because an individual can have dozens of […]Continue reading "Why Your Credit Score May Not Be As Good As You Think It Is"
Will South Korea ban cryptocurrency trading? The thought of it has investors spooked. Bitcoin (BTC-USD) continues to drop on Friday, adding to earlier losses on the news that South Korea could ban bitcoin trading, but remains well above its Thursday lows. In the meantime, Ethereum (ETH-USD) reached a new record high this week and continues […]Continue reading "Bitcoin Plunges 17% in a Week, While Ethereum Reaches New Record Highs"
Beyond Bitcoin, You May Want To Check Out Ripple (XRP), A Crypto Currency That I Believe Holds Vast Potential If you haven’t heard by now, Bitcoin is up more than 1,500% this year. You’re asking, what is Bitcoin? Basically it’s a digital currency, kind of like an alternative to the dollar or euro. It was […]Continue reading "Decrypting Crypto Currencies, There’s More Opportunity Than Just Bitcoin"