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 …
Twitter down due to Denial of Service (Dos) attacks
If you are a Twitter addict, you may have noticed that Twitter was down today (Thursday) morning. The reason for downtime was a DoS (Denial of Service) attack.
A DoS attack consists of sending more amount of traffic to a website or server than it can handle. Usually, such attacks are …
Picking the right credit card
Some time back, when I was about to get my first credit card, I was really perplexed. There are so many options nowadays. A while back, most people had not even heard of it and now credit cards are everywhere. They have several benefits. They are easy to use, safe …
Finding best rates for loans
In such hard and unreliable financial times, you will find numerous people taking loans and seeking other forms of financial help. The most difficult part about getting loans is finding a source that provides good rates. Once that step is completed, you can save a lot of money and it …
How to create your own website with worthy design
Design really matters if you want to achieve success in the Internet.
You should know that the first impression is very important in business. For example, you pay much attention to business cards because they are not only the source of information, but also your company’s face. You also dress up …
Another source for financial information
Business and Finance are two very grand niches and it is very difficult to stay up-to-date with them together by just considering few sources. To know most of the latest information in the business and finance fields, you need to consider more than just one source. In fact, you need …
How to recover from debt
There is no point in arguing that these are one of the worst days for economy and we do not know how long it will take for the economy to recover. Businesses continue to go bankrupt and employees continue to get laid off. In times like these, when people run …
CIT Group avoids bankruptcy
A deal was struck between the directors of CIT Group and its important bondholders to avoid bankruptcy. CIT Group is a major lender to small businesses. Presently, CIT is in tremendous amount of debt and hopefully, this deal will provide them with some time to manage their business model.
CIT Group …
The importance of accepting credit cards
Credit cards have become a very important part of our economy these days. If you were to go back few years in time, you would see hardly anyone using them and now everyone seems to be using them to pay for food from Burger King, clothes from Old Navy, baseball …
What to do when you are in urgent need of money
We all know that currently the US economy is not in a very good shape and it does not seem to be heading in the right direction. Due to the poor economy, a lot of people have been facing financial problems in America. Employees are being laid off as jobs …
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