Cracking Finance
Your only stop for Business, Finance, Jobs and Insurance news.
Why should we worry about US’s AAA rating downgrade?
As you might be fully aware by now, United States of America has, for the first time in history, lost it’s AAA rating. US has held this rating since 1917. Standard and Poor (S&P) reduced US’s rating from AAA to AA+. This move was made by S&P due to concerns …
Federal Reserve slashes card fees for merchants
For all you business owners with merchant accounts, there is a very good news. The Federal Reserve Board has decided to cut down the fees from 44 cents to 21 cents. The fees that I am talking about are the ones that banks and credit card companies collect for each …
AT&T about to buy T-mobile
Ladies and gentleman, we have a major acquisition taking place at the moment. AT&T, U.S. mobile service, has managed to strike a deal with Deutsche Telekom AG’s T-Mobile worth $39 billion.
This is so far the biggest deal this year and has already gained a lot of attention for numerous reasons. …
How to prepare yourself for another recession
While the worst part of the recession may have passed, the truth is that the American economy is still in deep trouble. Thousands lost their jobs, houses, cars and are still struggling to recover financially and economically. However, I wonder how many of them truly learned a lesson. For many, …
Ernst & Young blamed for hiding Lehman Bros. ill condition
As we know, the recession in United States of America was mainly triggered when one of the most prestigious investment bank, Lehman Brothers, went bankrupt. So far the government has not been able to clearly blame someone for this.
Recently, Attorney General Andrew Cuomo has accused Ernst & Young, a reputed …
Morgan Stanley CEO Mack steps down, Gorman takes over
The Chief Executive of Morgan Stanley, Mack, will be resigning and James Gorman will be taking his place soon. Mack will still stay with Morgan Stanley as the chairman.
The bank took a lot of chances under Mack by betting more money than they actually had. This helped them a lot …
Financing your new business
Starting a business is not a child’s play and we are all aware of that but still a lot of individuals set out to start their own business but due to lack of careful planning, they end up failing. Before taking any actions, one should always have a game plan. …
Investing in bonds a good option in recession
In times when money seems to be running out, we only wish that we had saved parts of our incomes before so that we could use them now. But it is never too late to take a positive action. You can always start securing your future. Things would have been …
Lipsum texts for your website save your time
To create a website that would fully represent the face of your company is not an easy task especially when it’s urgent and you are not ready to spend a fortune on it. We know exactly what you are talking about and we have the perfect solution for you.
Site-builder services …
What to do when you get banned from ChexSystems bank?
I have recent noticed that a lot of people seem to be having problems with ChexSystems. Many are being denied by ChexSystems and are not getting the privilege of having a deposit or checking bank account. This leads to people carrying large amounts of cash in their pockets which is …
Three more banks fail in America – raising the total to 84
Three more banks failed in America yesterday in California, Maryland and Minnesota on Saturday causing the total count of failed banks in 2009 to rise to 84. America is currently facing the worst crisis since the Great Depression.
Federal Deposit Insurance Corp. (FDIC) took control of the three banks: Affinity Bank …
What to do when in debt?
The current recession has left many people in debt and the economy shows no sign of recovery any time soon. Already, a lot of US and U.K citizens had large levels of debt but after so many job cuts, the situation seems to have gotten worse. People need to pay …
People turn to Internet during recession
All tough situations tend to teach us something. I believe that we can always learn from bad situations in order to avoid them in future or to be better prepared for them. This recession that has been going on for a while now has raised several issues that need to …
Employers looking to hire next year
After last few disastrous months, things might finally get better in future. According to a new poll, it seems like employers will initiate hiring next year. Approximately, 14.5 million U.S. workers are unemployed currently.
Fifty percent of the employers from the poll said that they will hire employees for full-time position …
What is an individual savings account (ISA)?
Recently, I was having a conversation with one of my British friends and we were talking about the poor economy and current recession that is going on in America. During the conversation, my friend mentioned ISAs and I found myself a little lost. So I asked him and he explained …
Blog RSS Feed
Follow Me on Twitter