When you hear that the market is doing well or that unemployment is low, you might assume that it’s the perfect time expand your business and finally apply for that business loan. Unfortunately, you’d be wrong. Now, that’s not to say you shouldn’t grow your business....
“Project Scalpel” shows that banks are still focused on cutting costs. As a business measure, this seems reasonable and plenty of business owners can probably relate to the desire to cut overhead and to trim costs wherever possible. But what could this mean for businesses...
According to a recent study by sociologists and economists at Harvard, Stanford, and the University of California, almost half of all U.S. 30-year-olds make less than their parents did at their age. That’s a disappointing conclusion about income in America—one that has likely had an...
Last year’s economic growth was a mixed bag. While it appears the economy has bounced back from the recession and unemployment continues to drop, GDP growth remains slow. In addition, the numbers aren’t telling the whole story thanks to inflation. What could this mean for...
For the second time in a decade, the Federal Reserve raised the target interest rate by 0.25%. The current range is now 0.5%-0.75%. Rates are still much lower than they were in the mid-2000s, though there is likely to be a series of gradual increases...
Rebuilding America’s infrastructure has been a popular political topic of late, with both parties stating a commitment to the fixing the nation’s roads, bridges, railways, and more. The country’s aging infrastructure has long been a thorn in the side of commuters and a focus on...
The Dodd-Frank Wall Street Reform and Consumer Protection Act, known commonly as Dodd-Frank, was enacted in 2010 under President Obama as a response to the financial crisis that led to the Great Recession. The ultimate goal of the legislation was to safeguard the economy and...
According to a new study, there should be no doubt about how strapped for cash many small firms are today. Small Business Funding by the Numbers JPMorgan Chase Institute's think tank relied on data collected from their in-house bank to work up an analysis of the current...
Banks with less than $250 billion in total assets may soon be seeing a relief in their federal obligations. A proposed alteration from the Federal Reserve could mean that smaller regional banks who do not conduct significant nonbank or international business would be exempted from...
Expectations are falling, and the idea that the third quarter would mark the return to growth for U.S. companies has fallen flat. Companies in the S&P 500 will report earnings in the coming weeks, and the expectation is that they will once again report declines....
