Personal Finance

President Obama Meets With Newly Elected Governors In The Oval Office (Chip Somodevilla / Staff)

Alaska Governor seeks income tax for the first time in 35 years

Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.

In Australia, banks disrupt Apple with mobile payments power

The US technology giant Apple Inc is struggling to forge an alliance with Australian banks to spread its mobile payment system. Australian banks have already their own apps and supporting technology platform for the contactless payment system. At this juncture, Apple Inc is finding it difficult to make the partnership with Australian banks. After launching mobile payment service in Australia last month, Apple Inc is planning to roll out in China soon.

Key Speakers At Tech Open Air Start-Up Conference

IBM is unveiling its Object Storage Service through Bluemix Cloud

IBM is trying to hit the cloud service market by launching Bluemix object storage services. Would IBM make it through by outshining market biggies like Google, Amazon and Microsoft? Besides spreading its cloud service market in international level, IBM has also joined startup helping venture with NASSCOM.

Wells Fargo Posts 30 Percent Increase In Quarterly Profits (Justin Sullivan / Staff)

46% of Americans are not loyal to their banks, finds survey

A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.

Chronicle Survey: Salaries of Private College Presidents Continue to Rise

A chronicle survey conducted in 32 private-college presidents revealed that the maximum pay reached the level of $1 million in 2013. In 2013 the private college presidents' median total payment reached as high as $436,429. First two positions were assigned to Lee Bollinger, of Columbia University, and Amy Gutmann, of the University of Pennsylvania.

10 Wealthiest U.S. Presidents

Being President of the United States is the large role to fill as the most powerful man in the world. With that power and title, of course comes, great wealth and fame, whether from a widely well-received tenure or one of great criticism.

How to Build a Thriving Business When You Have No Time

Quitting you job and starting your own business, can be a quite scary and daunting process. Nearly 50% of the new businesses fail within first five years and only 3% of those remaining ever make it to the 10 year mark. The reason that majority of the businesses fail is due to simple lack of planning. While there is no formula for success but there are some rules every business should follow to be on the right track.

PGA Produced By: New York Conference (Brad Barket / Stringer)

What entrepreneurs need to know about crowdfunding

The increasing number of new businesses are creating more demand for fresh capital in the US. The new startups are looking to raise funds via a crowdfunding platform. However, a majority of startups are not aware of crowdfunding platforms. Several states are relaxing norms allowing non-accredited investors to park their money in startups.

Yahoo Searching for Prospective Buyer for its Revolutionary Core Business of Internet

Even if Yahoo is still one of the popular websites worldwide after Google and Facebook, the board is considering selling off its web properties. The decision is still pending until Friday.

Chinese buyers step back from US housing market

After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.

6 ways to put off financial dependency of your adult children

Parents are caretakers as well as providers of their children. But when children grow up, they get dependent on their parents in every manner.They then lack financial management skill in themselves which not only financially and emotionally drain the parents but also cause long-term harm to children.

Preliminary Reimbursement Approval for ‘Interview’ Hacking Granted: Each Sony Employee will get up to $10,000

The world is now going gaga over the recent settlement development of 2014 hacking case between Sony and its current and former staffs. Preliminary reimbursement approval is granted by US Judge.

US consumers spending below forecast as savings soar

The US consumer spending rose only by 0.1%, below the 0.3% forecast while savings rate rose to the highest in the past three years. According to the US Commerce Department's data for October, Americans are savings faster than spending.

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Latest Stories

Why You Need an Emergency Fund and How to Build One

Following the pandemic, natural calamities, and major employment shifts, a startling new study on the online news site News Nation shows that 1 in 4 Americans don't have an emergency fund.

Myths You Have Been Told About Generational Wealth

Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.

HighKey on BitClout: The Social Media Network of the Century

Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.

How to Make Good use of Consumer Credit?

Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.

Can Money Buy Love or Friendship?

While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.

Must Read

Study: Millennials and Generation Z More Sustainability-Orientated -- Even When It Comes To Money

The younger generations are willing to put their money where their mouth is when it comes to sustainable living.

Scientists Develop New Magnetic Nanomaterial For Counterfeit Money Prevention

An international research team led by NUST MISIS has developed a new iron-cobalt-nickel nanocomposite with tunable magnetic properties. The nanocomposite could be used to protect money and securities from counterfeiting. The study was published in Nanomaterials.

Loan Applications Processed Around Midday More Likely To Be Rejected

Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.

Researchers Find Optimal Way To Pay Off Student Loans

After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.

Language Used On Credit Card Websites The Hardest To Understand

New research led by the University of East Anglia (UEA) reveals how easy it is for consumers to understand the language used on personal finance websites.

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