Americans may seen lower prices and savings at retail chains when new interchange fees go into effect
Once the bill is signed into law, merchants will feel some financial relief as the interchange fees – costs that the retailers must pay credit card issuers and banks for each credit or debit transaction – will decline. Read the full post
People with bad credit history always think that it is impossible for them to find creditors willing to extend them credit lines. After all, the poor credit ratings of these individuals seem to drive banks and credit firms away from them; leaving them desperate to find lenders who will take the risk of providing them credit. But this is a misconception. If you are diligent enough, for sure you will find organizations and firms that offer bad credit personal loans to needy people. How do these poor credit loans work?
The US economy has shown a sluggish rate of growth his year. This can be attributed to many factors. One of them is the rise of imports by this country. The reduced spending by the US citizens can also be held accountable for such a slow growth rate of this economy. According to the commerce department of the country, this was the increase in the GDP for the period from January to March. The government had expected this rate of growth to be 3 percent. It had also released estimates of this rate of growth. In the last, quarter of last year the rate of growth of 5.6 percent. The latest revision had little impact on the financial markets. The Dow Jones industrial average rose about 10 points in the first hour of trading.
July 3 (Bloomberg) — Ukraine reached an agreement with the International Monetary Fund for a new $14.9 billion loan after the fund’s mission to the country approved economic policies aimed at reducing the budget deficit.
The Washington-based lender’s Executive Board will make a final decision by late July, the IMF said in an e-mailed statement today.
Report shows that both consumer spending and personal income increased in May
Consumer spending accounts for nearly 70 percent of the economy and is often used to determine the strength of economic recovery. After disappointing results in April, May’s rate suggests that Americans are showing slightly more confidence in both their personal finances and the economy. Read the full post
I started bracing for the gas price increase that was most assuredly coming after the oil spill disaster in the Gulf many weeks back. But as I stopped at the gas pump just this morning, I noticed something very odd. Gas prices seem to be holding up pretty well; in fact it was $0.25 cheaper today than when I filled up not long ago. This gave me an excuse to look up how fuel prices have been doing lately.
I checked out this historical gas prices chart from GasBuddy.com: here’s a snapshot of the average price of gas in the U.S. over the last 5 years. Click the image for a clearer view.
Prices haven’t jump up, but appear to be creeping up. You