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 …
Staying informed about health insurance
Health insurance is a necessity in today’s world especially with cost of health care touching unimaginable prices. Surviving without Health insurance is impossible now. With a decent health insurance one can be relieved regarding the cost of medical treatment. But, there are many different health insurance in the market, enough …
Preparing for house sales
Sales of property can be tricky business. Property is a big investment and it is important that the buyer buys at the lowest price and the seller sells at the highest price it can get. Getting the perfect price quick is difficult and that is why taking the services of …
Tips for getting car insurance
Insurance is a necessity in today’s world. Today before buying a vehicle, people first get the insurance. Car insurance can be tricky
at times and one needs to determine how much car insurance one needs to carry. Also, one needs to check out different car insurance quotes to get the best …
I.M.F estimates loses from crisis to be $4.1 trillion
According to a recent estimation by IMF (International Monetary Fund), the banks and financial institutions face losses going up to 4.1 trillion dollars due to the current economic crisis. This information was released by IMF in its global financial stability report on Tuesday. According to the fund, the institutions will …
A good source for Insurance news
A lot of us have some kind of insurance whether it is car insurance, life insurance, travel insurance or health insurance. The point is that a great number of us have at least one type of insurance but a lot of lack sufficient knowledge about these insurances. There are so …
Keeping up with the financial world
In today’s bad economy, it is extremely vital to stay up to date with the latest financial information. Banks are going bankrupt, taxes are changing and all of these are affecting your style of living. I get my information from a variety of sources instead of just depending on one …
Can Forex Trading make you rich in this recession?
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 …
Goldman Sachs reports profit in the first quarter
Amidst all the financial trouble going on, a ray of hope came this Monday when Goldman Sachs declared a first-quarter profit of $1.66 billion. This profit is 13% higher than the quarter a year ago. Another announcement made by the firm, was that it has decided to raise &5 billion …
Using Forums For Business Advice
There are numerous creative individuals with innovative ideas that are worth millions but not every one of those individuals becomes a successful businessman. Business requires more than just an idea. You need to know have proper assets and connections to put the plan in motion and this is something that …
China worried about buying US bonds
With the recent release of data by China’s Central Bank, it is clear that China sold bonds during January and February but started purchasing in March this year. It seems that the foreign reserves of China this year have hit its slowest increase of 8 years. It has edged up …
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