Posted on March 28th, 2008 by moneyvsdebt
After paying at least $600 million a year in excessive card fees, consumers in the U.K. are getting money back. We Americans should demand the same.
A couple of years ago, consumers in the United Kingdom got a break when the country’s Office of Fair Trading told credit card issuers that their late and over-limit fees [...]
Filed under: Business Ideas, Credit Card, Finance, Financial News, Global Economy, Money Saving Ideas, Need to know Information, credit scores, credit secrets, politics | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world’s largest and most venerable investment banks.
The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of [...]
Filed under: Finance, Financial News, Global Economy, Investing, Stocks, federal reserve, politics | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
Treasuries rose, driving yields on two-year notes down to 1.30 percent, as investors sought the relative safety of government debt after JPMorgan Chase & Co. agreed to bail out Bear Stearns Cos.
Traders began betting the Federal Reserve will cut its target for overnight loans by 1 percentage point tomorrow to keep losses [...]
Filed under: Ben Bernanke, Easy Money, Finance, Financial News, Global Economy, Investing, Money Saving Ideas, Mortgage Information, Stocks, credit secrets, federal reserve, gold vs dollar, housing crisis, politics | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
Gold climbed to a record on increased demand for the metal as a haven after a Federal Reserve emergency rate cut sent the dollar falling.
The Fed lowered the discount rate to 3.25 percent from 3.5 percent, and extended the maximum term of discount-window loans to 90 days from 30 days. JPMorgan [...]
Filed under: Ben Bernanke, Finance, Financial News, Investing, Stocks, credit scores, federal reserve, gold vs dollar, politics | No Comments »
Posted on March 14th, 2008 by moneyvsdebt
The U.S. dollar was down against other major currencies in European trading Friday. Gold rose.
The euro traded at $1.5612, up from $1.5587 late Thursday in New York. Earlier Friday, the euro notched a record high of $1.5651.
Later, in midday trading in New York, the euro fetched $1.5619.
Other dollar rates in Europe, compared with [...]
Filed under: Ben Bernanke, Easy Money, Exciting Adventures, Finance, Financial News, Global Economy, High Dividend Stocks, Internet Success Stories, Investing, Money Saving Ideas, Need to know Information, Real Estate, Ron Paul, Stocks, federal reserve, gold vs dollar, housing crisis, politics | No Comments »
