Independent thinking for complex markets and current events
HSBC: U.S. Recession, Stagflation, and Debt Concerns Could All Boost Gold HSBC sees three ways gold could strengthen during what they call a “US-driven” market correction: 1. U.S. Recession Scenario: If recession fears grow, investors would move away from risky assets. This would weaken the dollar and lower Treasury yields, pushing more investors toward gold …
Bank of America BankAmericard Card – No SUB. Offers 0% APR for the first 18 billing cycles on purchases and balance transfers made in the first 60 days after opening your account. Citi Diamond Preferred Card – No SUB. Offers 0% APR for the first 21 months on balance transfers and 12 months on purchases. …
If this spending spree doesn’t get reined in fast, expect another year of missing receipts, bloated budgets, and zero consequences. DOGE finds nearly $40 billion in spending linked to government-issued credit cards The Department of Government Efficiency (DOGE) pledged on Tuesday to “simplify” the federal government’s credit card program after it cost taxpayers nearly $40 …
Private sector employment is in free fall. Nearly 2 million full-time jobs have vanished in a year, with hiring in construction and manufacturing at recession levels. The only gains? Government jobs. Productivity is tanking, and economic fundamentals are unraveling. The Fed might pretend this is a “soft landing,” but the data says otherwise. 🚨US PRIVATE …
America’s debt crisis just continues to get worse as we continue to carry higher and higher balances from month to month, at a time when credit card interest rates are practically at all time highs. At the same time, we have more and more people only paying the minimum payments each month. Americans are essentially …
1. Blue Cash Preferred® Card from American Express This card offers 3% cash back on transit including parking, tolls, trains, buses, taxis, subways, ferries, and rideshare services. It also provides 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases and 6% cash back on select U.S. streaming subscriptions. There’s a …
Seeing unemployment as a major factor for FHA mortgage delinquencies… it really is a house of cards. — Amanda Goodall (@thejobchick) January 13, 2025
I wonder how $AAPL credit cards are coping with this….. https://t.co/HldHMKQz1H pic.twitter.com/n8hGr1N8kh — JustDario 🏊♂️ (@DarioCpx) January 3, 2025
Nvidia and AMD rush to stockpile graphics cards ahead of Trump tariff that could raise prices by 40% A $2,500 RTX 5090? If you’re thinking of buying a next-generation graphics card, you might want to do it sooner rather than later. Nvidia and AMD are reportedly increasing the production and shipping rate of their upcoming …
A banking crash in one part of the world doesn’t stay there; it’s a global game of dominoes where banks fall one after the other. The system is interconnected, fragile, and teetering on the edge. Here’s why. 2/10 Global banks are like a web – intertwined through lending, borrowing, and derivatives. When one node breaks, …
I worry about this too. I don’t see how you have another stock market bull run given how overpriced equities are along with how bad the economy is. It’s going to get worse before it gets better. https://t.co/16VaPMt40N — QE Infinity (@StealthQE4) December 4, 2024 🇺🇸 S&P 500 Asset managers are buying US stock futures …
by LeExistentialist Was travelling a lot for work the last 2 years, so I’ve been rotating through the bonus cards and now probably need to take a long break from bonuses (I think I’m probably 7/12 or 12/24) and figured I’d try and review my overall cashback cards. The new Smartly 2/4% card probably makes …
In a surprising turn, Hallmark’s holiday films surpassed CNN and MSNBC in viewership, leaving the major news networks stunned. What does it say about the shifting media landscape when a network known for heartwarming movies can outdraw Fox, Rogan, or established news giants? This shift reflects deeper changes in the media landscape, where content and …
Bitcoin and cryptocurrency transactions generally incur an average fee of around $6.95, translating to approximately 0.07% of the transaction value. However, this fee can rise significantly during periods of high network congestion, making it variable. In comparison, credit card transaction fees for merchants usually range from 1.5% to 3.5%, with an average fee of about …
Russian President Vladimir Putin has said the time has not come yet for a common BRICS currency but added that the ten-nation bloc is exploring the use of digital currencies in mutual trade and investments for which his country is working with India and other nations. Advocating a cautious approach in creating a new reserve …
Walmart, one of America’s largest employers, is offering an exceptional opportunity for international professionals seeking both lucrative employment and permanent residency in the United States. The retail giant has embarked on an initiative to attract global talent by combining substantial compensation packages exceeding $100,000 annually with the prospect of Green Card sponsorship, creating an attractive …
The stock of PDD Holdings, parent company of the fast-growing Temu shopping app, sank more than 30% on Monday, losing more than $50 billion in market value, after the e-commerce giant posted disappointing revenue results and executives warned of rapid competition and nonbusiness challenges that may dampen growth and profits going forward. https://fortune.com/2024/08/26/temu-pdd-stock-plunges-government-scrutiny-amazon-rivals/
Interesting video from The Wall Street Journal on co-branded credit cards. “From Apple and Goldman Sachs to Bilt and Wells Fargo, high-profile credit card partnership missteps reveal how risky these deals between brands and banks can be. Almost 30% of adults own co-branded credit cards as customers can earn different rewards like discounts or free …
They allowed you to do this in stores in the past, but not online It is now being made available in the app for online purchases — Amy Nixon (@texasrunnerDFW) July 23, 2024
by Parking-Ice-9206 So I spent the past few days making a chart of every single US Airline Co-branded credit card and I have realized just how much they suck at earning points. It seems in virtually every category there is a transferable currency card that can earn the same if not more than what the …
The first modern U.S. credit card was launched in 1950, but women weren’t allowed to open credit cards until 1974. The Equal Credit Opportunity Act of 1974 made it illegal to deny credit to people based on gender, race, religion or national origin. Credit cards might seem like an inescapable part of everyday life, but …
New York City Mayor Eric Adams (D) is expanding his program that rewards newly arrived migrants with pre-loaded debit cards for food — paid for by New Yorkers who remain some of the most tax-burdened residents of the United States. Adams started the debit cards-for-migrants program in February, noting that it would cost about $53 million to …
Six men in Chicago have been charged with staging robberies and filing false police reports so the supposed “victims” can apply for green cards. In a federal indictment unsealed over the weekend, the six men were accused of recruiting individuals to pose as robbers at gas stations, fast food restaurants, and liquor stores in Chicago, …
Visa has announced major changes that will impact both debit and credit cards. Users will be able to have just one card that connects to multiple bank accounts, meaning if you have a credit and debit card from the same bank, you will no longer need two different cards. It will all be listed under …
The Biden administration hopes to dispense thousands of ID cards to migrants in the coming weeks as part of an effort to update the documentation that US government agencies provide illegal border-crossers. Immigration and Customs Enforcement is planning on a “limited rollout” of its Secure Docket Card program this summer that would see roughly 10,000 ID cards …
In a recent report, Financial Advisor John Williams discussed the potential impact of a proposed multi-trillion dollar stimulus package on the US economy. Here’s what he said. Williams began by sharing the concerning trend of Americans accumulating significant credit card debt, which has reached an all-time high exceeding a trillion dollars. The proposed stimulus package …
The Federal Reserve just released a new study showing that credit card default rates in America have surged up to the highest level on record. In some cases – even worse than what we saw in 2008. These skyrocketing credit card defaults are an ominous sign of the US Economy and Consumers. Particularly for those …
President Joe Biden is currently considering granting amnesty to illegal migrants in a bid to act on the worsening immigration crisis, according to Politico. Biden and his administration are weighing several ideas to take a tougher stance on the southern border crisis and illegal immigration amid criticisms he has thus far failed to act on …
