White House urged SEC chairman to pause Chicago Stock Exchange sale to China-led group, sources say

The White House urged the chairman of the Securities and Exchange Commission to put on hold the sale of the Chicago Stock Exchange to a Chinese-led group, the Wall Street Journal reported on Thursday, citing people familiar with the matter. SEC staff had wanted to approve the deal, but the new chairman, Jay Clayton, froze the agency’s decision last […]

South Korea bans all new cryptocurrency sales

Getty Images Shoppers walk in the Myungdong shopping district in Seoul, South Korea. South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading […]

3 myths that could tank your credit score

Whatever your credit score is, it could probably be higher. Many people are taking steps to improve their credit worthiness — but if they go about it the wrong way, misled by myths, they could actually hurt their scores. Here are three myths that could tank your credit score — and below them, some misunderstandings […]

CEOs call on Congress to keep DACA alive

Business leaders are reiterating their support for Deferred Action for Childhood Arrivals and asking Congress to step in after the Trump Administration formally said it is ending the Obama-era program. Attorney General Jeff Sessions said on Tuesday that DACA, which protects 800,000 undocumented immigrants who came to the United States as children, “is being rescinded.” The […]

Financial anxiety is bringing Millennials down

Lots of folks worry about money from time to time. But there’s a difference between fretting over a larger-than-expected bill and spending a huge chunk of your waking hours stressing over finances. Yet the latter scenario seems to characterize a significant percentage of working Millennials. An estimated 28% of Millennials are experiencing so much financial […]

PayPal introduces a new cash back credit card

  PayPal is hoping to expand its membership by rolling out a new cash-back credit card. The PayPal Cashback Mastercard, which is only available to PayPal members, gives cardholders 2% cash back on every purchase. PayPal’s card is notable for the high amount of cash back it offers on purchases across the board. The new […]

Are you financially independent?

Everyone is talking about financial independence these days. And a lot many think it is about earning your own money and being in charge of your own expenses. But that is just one part of being financially independent. What we often forget is the basic premise for financial independence being so critical to each one […]

Invest cautiously when markets are at all-time highs

The stock markets are at all-time highs, and it’s understandable if you are confused whether to invest or wait for correction. Timing the market is not easy. And while piling up your savings or putting them into traditional investment options seems like an easier option, it lacks the growth opportunities which capital markets could present. […]