No one likes to pay for something they’re accustomed to getting for free. So, quite predictably, Bank of America customers are angry that using a debit card will soon cost them $5 a month. While consumers are outraged with the …
The Benefits of Buying Virtually Everything Used
Most folks understand that buying a new car is — on paper at least — a poor financial decision. Buying a used car generally provides substantial long-term savings. But did you know there’s a growing number of folks who try to …
Are Debit Card Fees Meant to Get Consumers to Use Credit Cards More?
Why are Bank of America and other financial institutions charging new monthly fees for debit card usage? The move has predictably caused a backlash, and the net result may be that fewer customers will keep using debit cards at …
Behind the Scenes, Apple Planned Jobs’ Succession By The Book
Succession planning is a mundane but necessary aspect of corporate life. When done well, transitions go smoothly. When neglected, the results can be disastrous.
Can America compete without Steve Jobs?
At first glance, the question that serves as the title of this post might sound a tad ridiculous. After all, Steve Jobs, no matter how talented, was just one man in charge of one company in a $14.6 trillion economy. How can the …
Brand Behind Steve Jobs’ Iconic Turtleneck Sees Sales Boost
Did Steve Jobs’ passing inspire fans to nab his famed wardrobe? The Apple founder was infamous for wearing a black mock turtleneck, jeans and sneakers to every keynote presentation. And one company claims sales have skyrocketed …
What Occupy Wall Street Wants: Parsing the Unofficial Demands List
Figuring out just what the Occupy Wall Street movement wants has been difficult for even reporters who are steeped in policy and liberal platforms. Ezra Klein of the Washington Post heads down to ground zero, both literally and figuratively, for Occupy Wall Street, and comes away with this:
Some of the people camped out Zuccotti Park
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Teapuccino, Anyone? How Argo Got Americans to Drink Tea
Arsen Avakian believed that coffee-obsessed Americans could be taught to share his passion for tea — and built a $15 million business to prove it
Real Estate Market Mystery: Record Low For Mortgage Rates, But Nobody’s Buying
Fact: 30-year-fixed mortgage rates dropped below 4 percent for the first time on record, according to Freddie Mac, which has tracked rates since 1971. Yet, the stats show that Americans have not responded by rushing to buy houses.
Committee Approves Cordray for CFPB, Senate Fight Next
As expected, the Senate Banking Committee approved Richard Cordray on a party line vote today to direct the new Consumer Financial Protection Bureau. It’s a largely symbolic vote because the next step would be a vote by the entire Senate, and 44 Republican senators have said they’ll block the approval of anyone nominated to the …
Apple Was Never Straight About Steve Jobs’ Health
Steve Jobs was a modern-day Thomas Edison whose achievements, including the rescue of Apple from near oblivion, will be studied by historians for generations to come. But as the world mourns his untimely death Wednesday at the …
Born to Spend (or Save): It’s All in Your Genes
When it comes to personal spending and saving habits, it’s all in the genes, a new study says. Is it true that we really can’t help ourselves?
