In a more significant than expected action intended to combat inflation throughout the Eurozone, the European Central Bank (ECB) announced a hike in interest rates for the first time in more than ten years. The increase will become effective on July 27. Ironically, Mario Draghi resigned from his position as prime minister of Italy on…
College can be costly, especially when you factor in textbooks, room and board, and other living expenses. It’s no wonder that most students find themselves struggling to make ends meet each month. We get it! Cashlessness and campus go hand-in-hand. But it doesn’t have to be that way. There are plenty of ways to save…
Campus life is not a walk in the park. Pressure from parents, demanding academics, and social anxieties play a role in the struggle that the over 20 million American college students endure. Above all those pressures, though, is the staggering burden of student loan debt, which is $35,051 on average. The rising cost of attending…
Are we in a recession? Talks of a possible recession among bankers, economists, and analysts have increased due to an uncertain economic backdrop caused by raising inflation, sky-high interest rates, and chaotic stock markets. While the U.S economy has remained resilient with robust consumer spending, and a strong job market on average, worries of increasing borrowing…
While countries worldwide have been struggling in the face of pandemic headwinds, China has stood out, appearing resilient to financial pressures that undermined growth. But today, burdened by its dedication to containing the spread of Covid-19 with massive lockdowns and mass quarantines, China has seen one of its worst quarterly performances in years, endangering a global…
On June 14, the European Union cut off Russia’s largest bank(Sberbank), Credit Bank of Moscow, and Russian Agricultural Bank from the SWIFT banking system as part of the sixth set of sanctions against Russia over its aggression against Ukraine. This move by the EU is an attempt to isolate Russia further financially and put pressure…
The best mortgage lenders for you will be those who supply your mortgage when you need it, without unnecessarily raising the interest rate, and will give you good loan terms. You’re undoubtedly spending too much if you’re not currently doing comparison shopping for lenders and brokers who agree to charge you a reasonable lenders fee….
Your home is a significant investment because of its valuables—from the structure to furniture and electronics, your clothes, jewelry, and art. You’ve put a lot of thought and money into making your home just right. That’s why it’s so important to have homeowners insurance – in case something happens to your house or its contents….
Disasters and accidents can and do occur. You may experience severe financial difficulties and setbacks if you don’t have plenty of cash on hand to deal with them. One approach to safeguard your home and the ability to have a roof over your head in case things go wrong is through homeowners insurance. Homeowners insurance…
When you open a Certificate of Deposit account with a bank, you make a predetermined investment for a set period. Up to maturity, the issuer will pay interest at regular intervals. You will get your initial investment plus all accrued interest at the end of the term. A CD with a shorter maturity period will…