On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.
by Matin VarshochiIt is no secret that the United States cashes in on Cinco de Mayo. Restaurants across the nation run specials on alcohol and Mexican dishes, and beer companies spend millions of dollars on advertising before the big day to promote higher alcohol sales.
by Sha'Kreshia TerrellA secured credit card requires the cardholder to make a security deposit, whereas an unsecured credit card doesn't. Both can be a great tool for building a positive credit history and improving your credit score; each has its advantages and disadvantages.
by Pam HillThe ongoing COVID-19 pandemic halted and slowed down international travel demand. Now that many travel restrictions have been removed or loosened, leisure travel has increased.
by Matin VarshochiInflation has increased significantly since May 2021, due largely to supply chain disruptions from COVID19 and Russia’s invasion in Ukraine. The investments that perform well under inflation and retain all or most of their value can bring in more cash
by Pam HillExamining the pros and cons of real estate, stocks and bonds will provide you with the tools to evaluate which investment strategy works best for you and how to begin, no mater your investment budget size.
by Pam HillDue to COVID-19, everyday items have begun rising in price. For example, according to a report released by the Bureau of Labor Statistics, certified pre-owned cars have raised in price by 41.2%.
by Matin VarshochiDuring the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.
by Nailah HerbertThe rise in the number of jobs available caused the unemployment rate to drop to 3.8 percent, down from 6.2 percent in February 2021. As the unemployment rate continues to decline and more people can find jobs.
by Nailah HerbertChoosing the right mortgage depends on a host of important factors. Some of those factors include your FICO score, your available down payment, and how long you plan on living in your new home.
by Pam HillOn February 24, 2022, Russia launched a full-scale attack on Eastern Ukraine. As a result of Russian President Vladimir Putin’s actions, countries like Canada, Taiwan, and the United States announced sanctions on Russia’s oil, banks, and military.
by Nailah HerbertTraveling with a family can be stressful, but it can also break the budget super easily. That's why it is important to be as budget-friendly as possible. So here are seven tips for a budget-friendly family vacation.
by Shaun MorganTax season can bee a dizzying experience just trying to keep all the tax forms straight. Luckily, tax forms aren't as confusing as you'd think, once you get the basics down. Here are what your basic tax forms mean.
by Shaun MorganLast year inflation took a giant leap as consumer prices rose in many prominent United States metropolitan areas. However, Atlanta has seen the highest inflation rates on goods and services, increasing around 9.8 percent since 2021.
by Nailah HerbertOverseas events such as the invasion of Ukraine often reach beyond their borders, impacting global financial markets, energy prices, and mortgage rates.
by Pam Hill