After the creation of the Visa Check Card back in 1995, the debit card mania firmly grabbed hold of first America, and then the rest of the world. Debit cards were heralded as the greatest invention since charging interest was discovered by ancient banks. They were convenient. There was no debt to deal with …
Companies in the United States have begun buying back their own shares at a very fast tempo. This, in turn, is creating heated dialogues in both Washington and over on Wall Street concerning why the huge savings that some corporations are reaping from corporate tax cuts from the new tax laws are not being …
The investment atmosphere in British online financing for new businesses recorded an all time high in 2017 of nearly 20 billion pounds (27 billion dollars.) This very worrying to traditional banking institutions in London, such as Barclays and The Bank of London. It means, among other things, that traditional financing avenues for startups are in …
Chairman Jerome Powell of the Federal Reserve showed some muscle today during his first interview with Capitol Hill lawmakers since becoming chief of the powerful Fed. He was questioned by New York Representative Carolyn Maloney about his intentions with the interest rate this year, and whether the Federal Reserve was going to get more …
Attorneys from the United Parcel Service Incorporated headquarters in Atlanta, Georgia, have just announced they have filed suit against the Anti-Trust Unit of the European Union for 1.74 billion euros (2.15 billion dollars), along with interest and court costs, for a decision in Brussels five years ago that put the kibosh on UPS’ plans …
Hartwig Loger is the Finance Minister for Austria, and he has a set of proposals for cryptocurrency standards that have been tried and tested already — for gold metal and its derivatives. His goal is to make sure cryptocurrencies like bitcoin cannot be used for money laundering. Last week Loger traveled to Lisbon, Portugal, …
Pakistan’s struggling economy, one of the weakest in South Asia, received another perilous blow yesterday when the Financial Action Task Force decided to include the country on its list of nations with lax power over money laundering and terrorist financing. Saudi Arabia had initially opposed the listing, but backed down after pressure was …
Financial experts are unanimous in saying that this is the best time of year to get rid of the financial clutter in the average household — after the Holiday rush is over and before the dreaded April 15th deadline starts looming. It’s time to look around your home, and your investment and savings strategies, to …
A novel solution to international debt is being tried by the Indian Ocean island nation of Seychelles. This so-called tropical paradise, which is perilously close to defaulting on some major international banking loans, is building two immense saltwater parks and in return they are negotiating to have a good portion of their national debt …
The Albertsons Company is planning on another stock option buy on the Rite Aid Corporation. It should be about five percent of the stock, with the rest currently being optioned by Walgreens Boots Alliance. The landscape of consumer shopping is shifting so rapidly that grocery chains need an in-house, name brand, pharmacy in order to …