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Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Retailers have reported strong sales during the holiday season and several customers admit that they have used their credit cards for funding purchases. Now it seems like 2018 might witness credit card mortgage crossing $1 trillion.According to Jill..

China Energy Invests $83 billion into Energy Projects in West Virginia

China Energy Invests $83 billion into Energy Projects in West Virginia

According to Reuters, China Energy Investment Corp, the world’s largest power company in value of assets, has now signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power, and chemical projects in West Virginia, U..

Local Startup Investment Not Profitable as Stocks

Local Startup Investment Not Profitable as Stocks

Investments made by New Mexico in small companies located in the state are not showing the desired results. Startup companies funded by New Mexico's State Investment Council are not giving back the same returns as stock index funds managed by Wa..

Asian Shares Go North After Leaders Back Easy Money

Asian Shares Go North After Leaders Back Easy Money

Asian shares went up on October 16 after finance leaders appealed to International Monetary Fund (IMF) during the weekend to continue its policies of minimal interest rates. This move will help various countries to continue their economic recoveries..

Smartphones to be Produced in India

Smartphones to be Produced in India

India has been growing an interest in developing smartphones but is up in the air right now since there is a lack of skilled labor and suppliers as well as a complex tax regime. Under the slogan ‘Make in India’, the Prime Minister aims t..

Morgan Stanley Fined $13 Million by FINRA

Morgan Stanley Fined $13 Million by FINRA

 On Monday, Morgan Stanley (NYSE: MS) was ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to clients for inadequately supervising certain short term trades. Between January 2012 an..

Younited Credit Stumps Up $47.8 million

Younited Credit Stumps Up $47.8 million

Younited Credit is creating the world's largest crowdfunding platform inside continental Europe. The French startup has raised about $47.8 million. The money will be used to launch their products in a number of new countries. The cash will enabl..