20 Oct 2014

Money & Finance

Find out everything you need to know about Money & Finance

Featured articles

debt consolidatiton Debt consolidation loans: your opportunity to be debt free

Are you facing the nightmare of endless problems of the outstanding debt? If you have more debt in your account, no embarrassment and apply with Read More ...

Debt manage What steps you should take to manage your debts

Debt mangement plan is very essential if you want to take control of your finances. It is common for most Americans have more than one Read More ...

Debt Relief How you can find free debt relief

If you are have crippling debt problems, it would be wise if all debt relief options available to you are free, after all it’s not Read More ...

banking A useful possibilities of online banking

With the growing popularity of the Internet, a growing number of industries are looking for methods to tapping into this industry, trying to keep up Read More ...

Select a category:

Select a category:

If you suddenly need money quickly and you can not borrow from friends or family, consider the benefits of payday loans. The entire process is fast, easy, and very convenient. You repay the loan by direct deposit from your account. And you can use the money for whatever you want.

When you have found a lender, check out their services. Read the terms carefully and make sure you follow the instructions. Most lenders have a few simple qualifications. For example, you must be a citizen of the United States and at least 18 years. Also you must be with the same employer for at least six months. You must also meet the minimum requirements for salaries, but it is not difficult with safe cash advance loans from http://stlukeandstpaul.org/.

Most online lenders require applicants to have a bank account that can be accessed by direct deposit. This makes it easy for all of you and the borrowing process.

Read more…


Last Monday we said, “We actually have a shot at setting 2014 lows this week if investors continue to shun stocks at the rate they have lately, and especially if there’s nothing in the economic news of concern.”

Well, that all seemed to be the case last week as mortgage rates returned to the lowest point last seen in February.

What’s causing mortgage rates to fall?

There has been a collection of factors in recent weeks forcing interest rates downward, including:

  • A gyrating stock market
  • Political trouble and economic softness overseas
  • Soothing words from the Federal Reserve about the prospects for changes in monetary policy

“At various points, all have served as reasons for investors to move into the relative safety of Treasury bonds, pushing yields and mortgage rates to the bottom of a six-month-long range,” wrote Keith Gumbinger, vice president, in HSH.com’s latest Market Trends newsletter.

Current mortgage rates

Here are the latest weekly averages according to HSH.com:

  • 30-year: The overall average rate for 30-year fixed-rate mortgages (conforming, non-conforming and jumbo) dipped by 0.05 percent to drop back to 4.38 percent, matching a previous 2014 low set during the week ending February 7
  • 15-year: The overall average rate for 15-year fixed-rate mortgages (conforming, non-conforming and jumbo) eased by 0.04 percent, falling to 3.53 percent for the week ending April 18 and close to 2014 bottoms
  • FHA: FHA-backed 30-year fixed-rate mortgages shed 0.03 percent on average to slip to 4.07 percent for the week
  • ARMs: The overall 5/1 Hybrid ARM also declined by 0.05 percent, ending the week at an average of 3.07 percent

What’s the future for mortgage rates?

Apparently, these historic lows could be short lived.

”Not reflected in [last] weeks figure, the strong Philly Fed report fostered a selloff in Treasuries on Thursday, producing a corresponding lift in yields of about 10 basis points,” wrote Gumbinger on Friday. “With markets in hol

Read more…

Tags: 2014 Lows, Lows

The boss of BA has blasted rival Virgin Atlantic’s UK arm – branding it “terrible”.

Doubts have been cast over the future of Little Red amid reports it is struggling to fill flights.

“It is looking terrible,” Mr Walsh said. “I’ve said the performance must be dreadful, I said it must be costing them a fortune but they say it’s fantastic.

“The truth is that they are struggling to get load factors above 50%.

They cannot make money by flying aircraft that are less than half-full.”


It got the routes after the EU ordered BA to give them up, as a condition of its purchase of loss making carrier bmi in 2012.

If Little Red failed, the airport “landing slots” would revert to BA.

Virgin Atlantic said recently: “We look at Little Red through the same lens as the rest of the business – it must deliver on performance, potential or strategic contribution.

“Little Red is still in its growth phase, so it is too early to comment on these criteria.”


Mr Walsh reiterated his claim that Virgin Atlantic was effectively “controlled” by US airline Delta, which owns 49% of the business.

He said: “Decisions are made in Atlanta by the Delta management team, who are one of the best in the business.

“To be honest the Virgin Atlantic brand has almost disappeared. T

Read more…

We got some great news earlier today for our limited partners. New York-based FolioDynamix is being acquired by NASDAQ-listed Actua for ~US$200 million. It was only the Spring of 2012 when we joined VCs ABS Capital and Edison Partners in the Folio Dynamics Inc. syndicate. What Folio Chairman and CEO Joe Mrak and his team have built clearly drew attention in a relatively short timeframe. And Actua, which calls itself the multi-vertical cloud company, had to have it.

FolioDynamix supplies a cloud-based technology platform to manage the full wealth management lifecycle for wealth service providers and investment advisors. It works across all account types including unified managed accounts and unified managed household programs. The company’s technology is complemented with institutional-quality research, content and consulting expertise delivered by its subsidiary, FDx Advisors, a registered investment advisor. F

Read more…

Add / Remove Download as PDF

Regular readers of Springwise may remember Betabrand, the innovative fashion company that created the feature-packed hoodie for audio engineers. Now, the brand is back with another practical item — the Germinator Transit Jacket, designed to help commuters avoid picking up a bug from public places.

Designed by gravitytank, the jacket is a water-resistant fleece that also features silver-infused antimicrobial fabric on sleeve cuffs and collar shield. The material features nanoparticles that inhibit bacteria growth. The antimicrobial linings are removable and washable — as is the hood — to ensure grime and germs dont build up. As well as this, the sleeves come with fold-out cuffs that protect the whole hand when holding onto poles that may have been touched by travelers with a cold. The c

Read more…

A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he’s building in the global gambling capital of Macau.

Stephen Hung’s $20 million purchase surpasses the 14 Phantoms bought by Hong Kong’s Peninsula Hotel in 2006.

Hung and Rolls-Royce executives signed the deal Tuesday at the company’s Goodwood factory in England.

The Extended Wheelbase Phantoms will be used for guests at Hung’s “ultra-luxury” Louis XIII hotel, which is scheduled to open in early 2016.

Rolls-Royce said two of the cars will be the most expensive Phantoms ever commissioned, complete with “gold-plated accents” on the outside and interior.

Louis XIII Holdings Ltd. said it will pay the automaker a $2 million deposit, $3 million more by the end of the year and the remaining $15 million when the cars are delivered in the first half of 2016.

The Phantom’s base price in Britain is about 450,000 pounds ($734,000) including taxes, a company spokesman said, though prices vary by market and many buyers order custom features that push prices much higher.

Read more…