News updates Articles

12 min read
26 Mar, 2023 Updated: 27 Mar, 2023
Federal Reserve’s Latest Move: How It May Affect Your Finances
As anticipated, the Federal Reserve raised interest rates by a quarter of a point on Wednesday March 22nd.  With the announcement, the Fed has now raised the federal funds rate nine times since March ...
8 min read
21 Mar, 2023 Updated: 27 Mar, 2023
Considerations for Where to Keep Your Money in Times of Uncertainty
With the news of Silicon Valley Bank collapse and banking unease in the United States, many Americans are wondering, “is my money safe in the bank?” It’s not surprising that this news has rattle ...
5 min read
13 Mar, 2023
Silicon Valley Bank Collapse: What You Need to Know
Silicon Valley Bank, the 16th-largest bank in the US, collapsed last week. This marks the largest bank to collapse since the 2008 financial crisis. What happened? On Friday, Silicon Valley Bank, the ...
10 min read
13 Feb, 2023 Updated: 08 Mar, 2023
12 Financial Fun Facts About Valentine’s Day
Valentine's Day is a holiday dedicated to showing appreciation for our loved ones, from spouses and romantic partners to family and friends. While Valentine's Day is celebrated globally, it has a part ...
15 min read
30 Jan, 2023 Updated: 27 Mar, 2023
February 1, 2023 Fed Meeting: Is a soft landing in the cards?
Update: As expected, the Fed raised interest rates by 0.25% on Wednesday, February 1. Fed Chair Jerome Powell indicated that he does not see the Fed cutting rates in 2023, given the current economic o ...
3 min read
23 Oct, 2022 Updated: 02 Feb, 2023
Mastercard Launches the Crypto Source Program
Since its inception, cryptocurrencies have been touted as an alternative to traditional fiat currencies. By extension, many also consider them a way to move beyond legacy banking. These types of procl ...
11 min read
25 Aug, 2022 Updated: 02 Feb, 2023
Student Loan Debt Forgiveness of $10,000 Announced by Biden
US President Joe Biden has announced a plan that will see the cancellation of $10,000 worth of student debt for borrowers who are in the low or middle-income brackets. The Biden administration is atte ...
12 min read
22 Aug, 2022 Updated: 28 Feb, 2023
How Much Does the Average American Make?
According to the Federal Reserve Bank of St. Louis, the median personal annual income for adults is $35,805. Meanwhile, the median salary per household is $67,521. To get the median, the U.S. Censu ...
13 min read
14 Aug, 2022 Updated: 02 Feb, 2023
Private Student Loans Forgiveness – The Alternatives
Private student loans are not currently eligible for student loan forgiveness programs. There are some alternatives for those who need help making payments, though. This includes forbearance, student ...