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 …
Dealing with your debt
The US economy has been recession for quite few months now and in today’s declining economy, consumers find themselves in positions where they do not have enough money to spend. Thus, most of them start using their credit cards even more and keep getting into more and more debt.
This is …
When technology and business meet
In today’s advanced and sophisticated world, it would not be an overstatement to say that almost every business employs some kind of technology to function smoothly. Different kinds of software are used to increase productivity in areas such as accounting, lead management etc.
The main goal of using software is to …
Considering working at home
In times like these when the economy is declining and jobs are being cut, one starts to find other ways to make money. One common method everyone seeks is working online. In the last few years, due to advancement in Internet technologies, working online has been a very viable option. …
GE announces 1,200 new jobs in Michigan
Nowadays when jobs are being cut in every single sector, GE will be creating new jobs. GE’s CEO and chairman announced yesterday that GE will be creating 1,200 more jobs in Michigan. GE is building a center for manufacturing technology. Worth $100-million.
Michiganders can start applying for jobs next week. According …
Credit cards in today’s economy
In today’s highly sophisticated financial economy, people prefer to not carry cash. Deals are made and money is transferred through the cyber world without any real transactions being made. Most people prefer to carry credit cards these days as they are easy to use and more convenient. Most of the …
Promoting your business to success
A business does not become successful overnight. This achievement requires time and a lot of work. There are several stages involved such as coming up with an idea for the business, finding investors, setting up the business and finally promoting it. All of these steps are highly important but one …
American Airlines cuts 1,600 jobs
On Friday morning, a spokesman from American Airlines Inc revealed that 1600 jobs will soon be cut.
American Airlines, which is a part of Fort Worth, will cut 1,200 flight attendant positions, 300 airport services positions, 50 cargo service positions and 50 others. Cuts for flight attendant positions will mainly be …
How to pay off your huge debt?
Are you carrying a huge debt load that has stolen your financial stability? If you are in a debt trap, try and pay off debt as soon as possible. And it is needless to say that losing financial stability can distort your logical sense of reasoning. You may be exploring …
Money making on the Internet
Human brain is such that it is always thinking of Money Making Ideas. In recent times, making money on the internet is a new fashion. It is definitely appealing that with the right direction and sense, one can earn a handsome part time income while working on the internet. Also …
Fannie Mae lose money, asks for aid
On Friday, another bad news came for the financial market when Fannie Mae reported a first quarter loss of around 23.2 billion dollars. The mortgage finance company also revealed that it has asked the Treasury department for 19 billion dollars. The mortgage giant has already asked 15.2 billion dollars last …
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