Finance News

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Latest Finance News

Global Financial Analysts Predict Significant Economic Decline in the Next Two Years

Global Financial Analysts Predict Significant Economic Decline in the Next Two Years

7/10/2020

According to research by the World Bank, the COVID-19 pandemic could leave global economies in a severe recession beyond 2020. Per capita income is expected to shrink, and millions of people will fall into poverty.

Spotify's Market Cap Soars, Making It Worth Twice as Much as It Was 3 Months Ago

Spotify's Market Cap Soars, Making It Worth Twice as Much as It Was 3 Months Ago

7/4/2020

Popular streaming service Spotify is seeing its value grow rapidly in the financial markets this year. While one contributing factor is its continued marker leader spot in the streaming boom, another factor is its new offerings to attract new consumers and impress investors.

XP Chairman Gains a Net Worth of $3 Billion as XP Shares Surge

XP Chairman Gains a Net Worth of $3 Billion as XP Shares Surge

7/4/2020

In 2001, at the age of 24, Guilherme Benchimol set out to establish his own firm with a business partner in Porto Alegre after being fired by a securities brokerage.

Travel Insurance Policies Not Paying Out Because of Pandemic

Travel Insurance Policies Not Paying Out Because of Pandemic

7/3/2020

According to one recent travel insurance case, a customer wanted to recover the loss she faced because her trip was canceled. When she approached her travel insurance company, they refused and claimed that they did not cover anything related to the global pandemic.

How Yoco Managed to Raise $20 Million in Venture Capital Funding

How Yoco Managed to Raise $20 Million in Venture Capital Funding

6/29/2020

Yoco is a South African company that makes card payments possible for the informal, rural, and SME merchants. They started the business in 2015, nine months after similar businesses. Instead of worrying about their late entry into the market, they worked on perfecting their business model.

5 Organizations That Announced Generous Research Grants in 2020

5 Organizations That Announced Generous Research Grants in 2020

6/27/2020

The pandemic has tilted the economy downward, and many people looking for ways to move on. Fortunately, there are companies around who are willing to give out generous grants for research.

The Most Popular Accounting Software in 2020

6/26/2020

The digital era has made business operations easier and more flexible, allowing owners to use digital tools as assistance to help grow their business. Traditional methods have proved to become costly, as owners have found that newer technology enables them to open their businesses to a larger buying market.

Fintech News Roundup: the Latest on Visa and Mastercard

Fintech News Roundup: the Latest on Visa and Mastercard

6/26/2020

Visa and Mastercard are two companies you will never stop hearing about. These companies are longtime rivals — except this time, they aren’t just fighting against each other. 

Here’s a roundup of everything that’s been going on with them lately.

The 5 Most Popular Credit Cards of 2020

6/25/2020

The are several benefits to owning a credit card, such as keeping track of your transactions, building a credit score, borrowing without paying interest. The list is endless, so you should check out these options and get a credit card right away.

5 Things Every Small Business Owner Should Consider for Their 2020 Tax Filings

6/25/2020

The majority of the measures you might have taken for your previous tax filing expired on Dec. 31, but not all of them. There are still several actions that taxpayers should take before July 15 to help minimize the blow. Some have been available to taxpayers for years, while others stem from last year's Tax Cuts and Jobs Act.

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The Motivational Forces Behind Entrepreneurs and How Investors Can Support Them

6/22/2020

Today, most venture capitalists offer much more than funding and understand that budding entrepreneurs also need support through inspiration and incentives, no matter their background, culture, or gender.

stack of coins with a clock overlay

Startup News: Business Funding in a Post-Pandemic World

6/20/2020

Investor interest and capital funding for startups started to drop toward the end of February 2020, putting a halt to a year that began with an upward trend. All early indications were that 2020 was set to match the record highs of 2018, with high investor demand and plenty of capital available for budding and existing entrepreneurs.

puzzle pieces fitting together with graphics of employees on them

With Employment Rates Rising Again, Startups Are Planning Their Recruitment Options

6/19/2020

According to the most recent government statistics, nonfarm employment rose dramatically in May. These job creations were mostly in the leisure and hospitality business, but they clearly indicate that business is picking up again.

woman looking at a check

Former Fed Chair: It’s “Crazy” and “Cruel” Not to Extend the $600-Week Enhanced Unemployment Benefits

6/19/2020

At the end of July, the extra $600 a week in enhanced unemployment benefits that jobless workers currently receive from the federal government will expire.

New Paycheck Protection Program Law Extends the Period From 8 Weeks to 24, Reduces the Payroll Percentage

6/19/2020

Congress has just passed the 2020 Paycheck Protection Flexibility Act and improved the Paycheck Protection Program (PPP) for small business loans.

Warning for Consumers: New Malware Can Steal Your Credit Card Information via Text

6/19/2020

Mobile malware was created for the sole purpose of gaining access to information on your phone. This malware could transfer part money from your bank card to a scam-controlled account or purchase goods for an attacker with your money.

What the Lower Unemployment Rate Really Means for the Economy

6/19/2020

The unemployment rate dropped to 13.3% in May, bringing some long overdue good news regarding the desperate state of jobs in the US. It also brings good news for the US economy as a whole.

Unemployment Rate in the US Falls to 13.3% as Businesses Begin Reopening

6/19/2020

Recent reports indicate that many people are still financially devastated and out of work due to the global pandemic. However, data is showing that the unemployment rate has recently declined.

The Nation’s Small Business Crisis Could Explain the Recent Boom in Ecommerce Activity

6/19/2020

Internationally, governments are reporting a downfall in businesses and the economy. However, a lot of online businesses now have expanded their services from the local market to the global market space in an attempt to keep their businesses moving along. If your business is one that is facing economic challenges during the pandemic, this could be a solution to help keep you afloat.

10 of the Fastest-Growing US Companies in 2020

6/19/2020

Hundreds of businesses are formed every year, but not all of them succeed. While many businesses end up failing, the following ten have been incredibly successful. For these companies, innovation, creativity, and resilience have paid off — and in a big way.

Treasury and IRS to Delay Tax Payment Deadline by 90 Days

6/19/2020

That the IRS has extended their payment deadline is a relief to those facing a recent financial hit. This extension grants people extra time to pay their taxes and also gives them time to learn more about their tax filing process.

10 of the Fastest-Growing US Companies in 2020

6/19/2020

Hundreds of businesses are formed every year, but not all of them succeed. While many businesses end up failing, the following ten have been incredibly successful. For these companies, innovation, creativity, and resilience have paid off — and in a big way.

Paycheck Protection Program: A Second Wave

6/19/2020

Companies with fewer than one hundred team members, self-employed individuals, and sole proprietors have all been looking forward to the new revival of the Paycheck Protection Program.

2020’s Highest-Paid CEOs Revealed

6/19/2020

The world's wealthiest CEOs rake in millions to billions every year with their success stories. From Arora to Zaslav, we’ve compiled a list of the highest-paid CEOs of 2020 and their notable feats.