Cracking Finance

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A lot of you may have heard of a very peculiar term – Prime Rate. You may have read about it in newspapers or heard it on the news several times, especially nowadays, but never really understood what it means. What exactly is Prime Rate? It is a short-term interest …

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We are all aware of the sad fact that it is recession time. Economies around the world are facing severe financial issues.Years old banks are disappearing within days. Big companies like General Motors, Qwest, Yahoo, eBay and Whirlpool have all laid off several of their employees. Employees are losing their …

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With $170 billion received by AIG as taxpayer bailout money, the company has decided to pay around $ 165 million as bonuses to executives in the same business unit. As the news regarding the bonuses spread last week, Timothy F Geithner who is the Secretary of Treasury stated that the …

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With the current economic crisis going on, it is natural for everyone to secure what they currently own. Insurance is a big market worldwide and especially an area where about which people have very less knowledge. Everyday, lots of cars are bought and many buyers have no idea what to …