Credit Card
American consumers have gotten themselves into a bigger and scarier financial trouble than before. They’ve just created a new record – highest credit card debt in the history of the United States. A report by the Federal Reserve on Monday confirmed that Americans had accumulated US$1.021 trillion in outstanding credit card debt in June 2017. […]
... written on Aug 08 2017It’s a big e-commerce world out there, and the benefits surely do outweigh the risks. For instance, it is now not only possible, but downright commonplace, to be able to shop and buy from a store across the country or around the globe. The fact is, people love using e-commerce sites. Consequently, business is booming. […]
... written on Apr 27 2017Wells Fargo, the biggest U.S. bank by stock market value, was supposed to be one of very few American banks that people can trust. That’s because when the mortgage crisis hit in 2008, Wells Fargo was viewed as one of the good guys. After all, Oracle of Omaha – Warren Buffett – is Wells Fargo’s largest shareholder. […]
... written on Sep 16 2016When Apple Pay was introduced back in Oct 2014, many were sceptical. Today, 16-month later, the scepticism remains. However, ExxonMobil may be able to change that with its newly launched service – pay for your fuel at any of its 6,000 gas stations using Apple Pay – starting today. Well, actually, you still need to […]
... written on Mar 09 2016Do you have credit cards? Sure. How on earth can we live without credit cards nowadays? Even President Barack Hussein Obama has one, although embarrassingly his credit card was turned down at a posh New York restaurant, rumoured to be Estela restaurant in Manhattan, forcing First Lady Michelle to pick up the tab in Oct […]
... written on Jan 05 2016Finally, Federal Reserve Chair Janet Yellen found her spine when she raises rates for the first time since 2006. For as long as one can remember, she has been accused of delaying interest rate hikes – deliberately – to protect big boss President Obama so that businesses could be stretched for survival and unemployment kept […]
... written on Dec 17 2015FIFA has finally been given its long overdue “Red Card”, after nine FIFA officials and five corporate executives indicted for racketeering conspiracy and corruption. According to the U.S. Department of Justice, a 47-count indictment was unsealed in federal court in Brooklyn, New York, charging the 14 defendants with racketeering, wire fraud and money laundering conspiracies. […]
... written on May 29 2015Cash is King, goes the powerful saying, which is still true today. Soon, we may enter a new dimension, whereby money in terms of cash will be made “illegal”. Here’s why cash is horrible – it’s dirty because a U.S. study found 3,000 types of bacteria on bank notes. Cash is easily torn, not to […]
... written on May 14 2015When Steve Jobs launched the first iPhone in 2007, everyone was crazy and wanted a piece of it. Understandable, it was an iPod, phone and internet glued together into one. Later, when Steve Jobs introduced the first iPad in 2010, everyone was equally crazy and wanted a piece of it. Understandable, it was a device […]
... written on Mar 10 2015With great power comes great responsibility – says Uncle Ben, Spider Man’s uncle. Today, the same quote is true to millions of credit and debit card holders. While many are still using conventional credit or debit cards which require manual swipe at counters, millions have taken the easy (and lazy) way out – the “Wave […]
... written on Feb 11 2015
