Citibank customers will now be paying higher checking account fees starting in the New Year. The financial institution announced Tuesday it would be increasing monthly fees on Citi rewards checking accounts from $20 to $25, while basic account fees will rise from $10 to $12. Although customers can always avoid paying these fees by meeting […]
Archives for October 2014
Millions of Social Security recipients receiving historically small increases
With all the talk of Social Security’s deplorable finances, there is another sign that this entitlement program is on the brink of financial exhaustion: minuscule benefit increases. For the third consecutive year, millions of Social Security recipients, federal retirees and disabled veterans will be receiving historically small increases to their benefits in the New Year. […]
U.S. debt held by foreign reaches record high $6.07 trillion
Foreign holdings of United States Treasury securities reached a record high of $6.07 trillion in the month of August, an increase of $70 billion from the previous month. With the U.S. dollar hitting a five-year high and many believing the U.S. economy is fully recovering, countries have once again bought into the hype of the […]
Chart: 6 nations doomed if oil prices continue to descend
Oil prices have fallen in recent months because of market innovations and increased production. At the time of this writing, oil prices are trading at just over $80. Although this is a positive for consumers everywhere, this spells doom for nations that rely on oil revenues to keep their governments afloat and social programs intact. […]
Federal Reserve officials not ruling out possible QE4
The volatility in last week’s markets suggests that Wall Street isn’t prepared to move ahead without its monthly stimulus injections of cheap money. The declines in nearly every element of the stock market, even globally, have led to much speculation that the Federal Reserve would introduce a fourth round of quantitative easing. Although nothing is […]