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 …
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 …
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 …
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