Finance

Minority business grants are a type of funding for minority-owned businesses, usually small businesses. Unlike loans, grants do not have to be paid back, although they are generally considered by the Internal Revenue Service (IRS) to be taxable business income. In the United States, minority business grants are available from both public and private sources….

When it comes to financial statement analysis, many people tend to focus their attention on a company’s income statement when determining whether a firm is profitable or financially healthy. However, it is important to remember that a cash flow statement offers quite a bit of insight into a company’s financial health. If you are familiar…

Average Life Insurance Cost Per Month ($250,000, 30-year term policy) Company 25 years old (average) 40 years old (average) 55 years old (average) Nationwide $20.89 $28.88 $99.97 MassMutual $18.15 $29.58 $122.46 Protective $16.06 $25.66 $107.12 Banner $16.07 $25.71 $107.91 Mutual of Omaha $19.68 $31.39 $137.39 Guardian $19.53 $31.65 $110.49 USAA $20.82 $30.09 N/A Lincoln Financial…

Bear markets are a fact of life. That doesn’t make it any easier to anticipate them, predict how long one will last, or estimate the depth of the decline. But you don’t need to be a clairvoyant to take a few prudent steps to minimize your bear-market losses while improving long-term investing returns in the…

Signature Bank was shut down on March 12, 2023, after depositors withdrew large sums of money on the heels of the collapse of Silicon Valley Bank (SVB). Regulators feared continued contagion in the banking sector and closed Signature Bank to try to contain the panic. Bank failures aren’t new. More than 550 banks shut down…

Certificate of deposit (CD) rates have skyrocketed since the Federal Reserve began raising interest rates a little over a year ago, offering people in the U.S. the chance to earn more on their cash savings than they have in over a decade. With another small Fed rate hike expected Wednesday—possibly the last for a while—CD…

For many of us, the market declines of the recent past, including the stock market crash of 2008, are becoming faded memories. In the end, those who stayed invested during these difficult times perhaps came out in the best shape. Market crashes and economic downturns are part of life. As the COVID-19 pandemic showed, market calamity…

Silicon Valley Bank (SVB) was shut down in March 2023 by the California Department of Financial Protection and Innovation. Based in Santa Clara, California, the bank was shut down after its investments greatly decreased in value and its depositors withdrew large amounts of money, among other factors. Later in March, First Citizens Bank bought up…

What Is a War Economy? War economy is the organization of a country’s production capacity and distribution during a time of conflict. A war economy must make substantial adjustments to its consumer production to accommodate defense production needs. In a war economy, governments must choose how to allocate their country’s resources very carefully in order…