Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
This article is the third in a three-part series, the previous article discusses events leading up to the stock market crash of 1929. This article is a short history refresher on some of the major… The Great Depression – A Look at Significant Events
Last night, we experienced a historic event in the election of our new president. President-elect Barack Obama will be the 44th American President to lead our great nation. Though nearly half of American voters are… President-Elect Barack Obama’s Plans for the Economy
The next Great Depression? You’ve probably heard the media comparisons between the current economic crisis and the 1929 stock market crash that preceded the Great Depression, but is there really any reason for the scare… The Great Depression Compared to the Current Financial Crisis
The Emergency Economic Stabilization Act (EESA) of 2008 temporarily increases the federal insurance of savings deposits from $100,000 to $250,000. The increased insurance limits apply to banks insured by the Federal Deposit Insurance Corporation (FDIC)… Federally Insured Deposits Increased to $250,000
The Federal Trade Commission has recently put out a warning that scammers have been using the wave of recent bank failures as an opportunity to con unsuspecting people out of their private information. Financial institutions… The FTC Warns of Phishing Scams Related to Bank Failures
The revised Emergency Economic Stabilization Act (EESA) of 2008 was approved by both houses of Congress and President Bush signed the bill into law on October 3, 2008. A summary of the original version of… Emergency Economic Stabilization Act of 2008
Stock markets around the world plunged in response to the U.S. House of Representatives’ rejection of the $700 billion rescue plan. The Dow Jones Industrial Average dropped 777 points on Monday after it was apparent… President Bush Hopes for a Solution to the Economic Crisis
The U.S. House of Representatives approved legislation last week that is meant to protect consumers from many of the tricky practices commonly used by credit card issuers. The Credit Card Holder’s Bill of Rights, HR… House of Representatives Approves Bill to Protect Credit Card Users
The latest version of the $700 billion bailout plan has been rejected by the U.S. House of Representatives, voting against the package 228-205. Earlier this morning before the vote, President Bush expressed confidence that the… House of Representatives Reject Bailout Plan
Morgan Stanley and Goldman Sachs, the nation’s last two major investment banks which each own about $1 trillion in assets, were granted approval by the Fed to let them switch to bank holding status. The… Morgan Stanley and Goldman Sachs Change Banking Status