Bank Of America Q1 Profit Tops Estimates; Revenue Relatively Stable

Bank of America Corp. (BAC) reported first-quarter earnings per share of $ 0.70, up 13 percent from $ 0.62, a year ago. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.65 for the quarter. Analysts’ estimates typically exclude special items. Net profit applicable to common shareholders increased year-over-year to $ 6.87 billion from $ 6.49 billion.
RTT – Earnings

BEST DEAL UPDATE:

JP Morgan in ‘attack mode’: Mega bank is bigger than ever, and Jamie Dimon bullish on economy

Fears that a recession is on the horizon spiked last month when bond markets gave signals that confidence in the economy is dimming.
Economy

ECONOMY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Berlin reveals contacts with Deutsche Bank amid merger talks

Deutsche Bank’s Chief Executive had a series of meetings with Germany’s deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government.


Reuters: Business News

SPECIAL DISCOUNT UPDATE!

Jos. A. Bank: Daily Deals From Jos. A. Bank – Get Up to 75% Off!

Will JPMorgan Chase ever raise interest rates on bank accounts?

Dear John: JPMorgan Chase chief executive Jamie Dimon is quoted as saying, “I don’t want to be a tone-deaf CEO. … It is absolutely obvious that a big chunk has been left behind.” Too bad he doesn’t consider increasing interest on bank accounts. J.D. Dear J.D. Ouch! Cruel, but true. Of course, you understand that…
Business | New York Post

SPECIAL DISCOUNT UPDATE:

OneUnited Bank Introduces ‘Queen Card’

OneUnited Bank, the largest black-owned bank in the nation (and No.1 on the ‘Banks’ list of the BE 100‘s listing of the nation’s largest black businesses) just launched The Queen Card.

The card is a Visa debit card with the image of an iconic black woman from history. The Queen Visa Debit Card is part of the bank’s Royalty Campaign.

From a press release about The Queen Card:

The Bank is celebrating a new generation of Queens in America who are claiming their thrones. From scientists to activists, from educators to entertainers, Black women are changing the world.

 

The impact of #BlackGirlMagic cannot be denied. Some of the most important political and civil rights leaders have been Black women such as Harriet Tubman, Shirley Chisolm and Angela Davis. Some of the most important artists and entertainers have also been Black women, such as the late Queen of Soul (Aretha Franklin), Queen Bey (Beyoncé), Queen Latifah, Q.U.E.E.N. Janelle Monae, Nobel laureate Toni Morrison and of course Oprah Winfrey.  And from 2007 to 2018, the number of businesses owned by black women grew by a stunning 164%. According to Forbes, in 2018 there were 2.4 million Black women-owned businesses. In almost every sector, Black women reign!

 

“We agree with Maya Angelou,” states Teri Williams, President & COO. “If you’re always trying to be normal you will never know how amazing you can be. We encourage the Black community to celebrate the amazing past, present and future Queens in our community.”

 

OneUnited Bank introduces the Queen Card and the Royalty #WearYourCrown Campaign to take the #BankBlack and #BuyBlack Movement to the next level.

OneUnited has been at the forefront of promoting economic empowerment in the black community. In 2014, it launched the Unity Visa Card, offering those trying to rebuild their credit a secured credit card, as opposed to a prepaid debit card.

The financial institution also made news after partnering with the team from the urban radio show, The Breakfast Club, in an effort that raised over $ 700,000 to support social justice initiatives and activists.

 

 

The post OneUnited Bank Introduces ‘Queen Card’ appeared first on Black Enterprise.

Money | Black Enterprise

FASHION DEAL UPDATE:

Shop select Free People sale and clearance items at Bloomingdales.com!

How to eat well on vacation without breaking the bank

ADVERTISEMENT


Let’s be honest, half of the fun of being on vacation is the fact that you get to indulge in ways you wouldn’t usually. There is a whole new world of opportunities laid out before you, and you don’t have the responsibilities you do back home. This invariably leads you to cut loose and enjoy more experiences, and one of the ways to do this is by sampling as much delicious food and drinks as possible.

Now, you could well be worrying about the fact that eating well when you’re on vacation can be expensive. On the one hand, you don’t want to break the bank, but on the other hand, you have so much delicious and unique cuisine to try. So, we’ve come up with some of the most ingenious methods to help you save money while still being able to experience tasty local dishes.

Check out street food

So many cosmopolitan destinations have street food, which is the best place to get really authentic and affordable cuisine. Really make the most of this as it is a great way of exploring a more underground food scene. This is something that is hugely popular in Asia, where street vendors sell plates of hot, tasty food straight off the grill/hotplate.

Don’t overlook buffets

They might not seem like the most glamorous options, but buffets are definitely a great way of achieving this. You need to make sure you stock up on plenty of delicious dishes because you have the opportunity to do just that with a buffet. A great choice to get more bang for your buck, buffets allow you eat as much as you can fit in, and mean you can have one big meal a day, which is a good money saver.

Go local

No matter where you go on vacation, there are going to be tourist traps and more local joints. If you are serious about saving money on your food, local is most definitely the way to go, and the food is going to be much tastier as well! Try to source some local hotspots, and use them to find delicious and affordable cuisine while on your travels.

Do it yourself

There are lots of ways to enjoy delightful cuisine when you are on vacation, and one of the most enjoyable ways is to do it yourself. The way to do this, of course, is to make sure you cook yourself. This is something that you can do if you are staying in self-catering accommodation, or, as is the more common these days, Airbnb.

These are just a few of the great ways of being able to eat well on your travels without having to worry about the cost at the same time. So, make sure you take these suggestions on board and work toward making sure you are sampling as much as possible. If you are sensible with your cash, there are a lot of things that can help you to make the pennies stretch further, and these are some of the ways you can do this when it comes to food.

ADVERTISEMENT

The post How to eat well on vacation without breaking the bank appeared first on Worldation.

Worldation

BEST DEAL UPDATE:

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it has fined Citigroup $ 25 million for violating the Fair Housing Act after it denied some borrowers preferential rates on the basis of their race, color or other factors.


Reuters: Business News

SPECIAL DISCOUNT UPDATE!

Jos. A. Bank: Daily Deals From Jos. A. Bank – Get Up to 75% Off!

Jos. A. Bank Reopens New York Flagship With Updated Design

NEW YORK — Jos. A. Bank has taken the wraps off a store design that is intended to be a more visible statement of its brand positioning.
The 13,800-square-foot flagship on Madison Avenue and 46th Street had been closed since June for the revamp and had a soft reopening on Tuesday. The official opening event is on March 19.
“We wanted our flagship in New York to represent a unique space as iconic as Madison Avenue,” said Mary Beth Blake, brand president for the Jos. A. Bank division of Tailored Brands Inc. The retailer was founded in 1905 in Baltimore and purchased by Tailored Brands, the former Men’s Wearhouse, in 2014.
The Madison Avenue store opened in 1994 and had not undergone a revamp for 25 years, Blake said.
The first hint that something has changed is seen on the awnings, which tout “the new tradition” that will be found inside. Upon entering, the customer finds 17-foot-high ceilings, custom furniture and fixtures in rich brown woods, Corian stone tops, brushed copper hardware and antique mirrors. Features intended to speak to the brand’s heritage include metallic wall coverings and architectural ornaments as well as a map of Baltimore on the walls of the staircase.
The main

Follow WWD on Twitter or become a fan on Facebook.

Read More…
WWDWWD

BEST DISCOUNT UPDATE:

Best places to travel for Spring Break that won’t break the bank

ADVERTISEMENT


Few events in the yearly calendar are more exciting than Spring Break. For college students everywhere, it’s the time to leave classes behind and party until they can’t party anymore. It’s the last moment of freedom before they have to buckle down and complete their exams, so students rarely hold back when it comes to having fun. Unfortunately, the best Spring Break destinations aren’t always the cheapest. Undergrads aren’t exactly known for having much money, which means finding somewhere affordable to travel to is of the utmost importance.

Cabo San Lucas

Anyone living near, or looking to visit, the West Coast should find all they need at Cabo San Lucas. The gorgeous getaway offers many all-inclusive deals that will ensure you get everything you need without blowing your budget. With so much money saved on accommodation, you’ll be able to enjoy yourself more when you’re out and about. Luckily, the area is super lively, so you’re never short of things to do here, even when your wallet starts to look a little thin.

Myrtle Beach

If you intend to be on the beach during your Spring Break – and why wouldn’t you? – then Myrtle Beach has you covered. 60 miles of coastline means there’s plenty of space for you to do your thing without having to spend a cent. Plus, with some great nightlife options that typically cater to a younger population, you know you and your money will definitely be in good hands here.

Key West

Perhaps not the place that most people would think to visit for Spring Break, it’s lower popularity is exactly why it’s great to visit. Not only are crowds less of an issue, but prices are a lot more affordable. There are plenty of great budget hotels in the area, so accommodation is never a problem either, leaving you more money to spend on having the Spring Break of your life.

New Orleans

No-one does food quite like the South. Eating might not be the top priority on your Spring Break list, but you’ll be wanting something good to fill you up between nights of non-stop partying. New Orleans has plenty of great comfort food on offer to keep you going, and it’s a pretty cheap place to visit too. There are loads of rental deals to help you find somewhere affordable to stay, especially if you don’t mind lodging further away from the center.

Puerto Vallarta

With so many all-inclusive packages available, you’ve got to wonder why you’d have your Spring Break anywhere other than Puerto Vallarta. There are so many rental choices here that make staying in the area cheap and easy, especially if you book in advance. What’s more, with sun, sand, and sea as far as the eye can see, do you really need anything else for your Spring Break vacation?

 

You don’t get many opportunities to do Spring Break, so it’s important to make the most of each one while you can. Thankfully, you can still do that even if you’re low on funds; you just have to be a bit more picky about where you go to enjoy them.

ADVERTISEMENT

The post Best places to travel for Spring Break that won’t break the bank appeared first on Worldation.

Worldation

BEST DEAL UPDATE:

Ex-Fed’s Dudley: Wall Street should stop blaming the central bank every time stocks drop

Dudley, who retired from the Fed in June 2018, said the central bank's actions have become a "convenient whipping boy."
Economy

ECONOMY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Societe General reportedly plans to cut thousands of jobs at investment bank

French bank Societe General is planning to cut thousands of jobs at its global banking and investor solutions unit, as it looks to offset cost pressure from regulation, Bloomberg reported.
Top News & Analysis

COMMUNITY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

South Korea Central Bank Warns Against State-backed Cryptocurrency

South Korea’s central bank has warned that adopting a state-backed cryptocurrency will undermine the country’s financial system, leading to liquidity shortage and high interest rates. According to a report published by the Bank of Korea (BOK), the introduction of a central bank digital currency (CBDC) will replace demand deposits held by local commercial banks as investors will go after the BOK-b
RTT – Top Story

BEST DEAL UPDATE:

How to Bank $40 Today If You Live in Pennsylvania

Do you live in Pennsylvania? Could you use 40 bucks?

Sure you could!

It doesn’t matter where in the Keystone State you live — Philly or Pittsburgh or Scranton or anywhere else. We’ve got a way for you to bank $ 40 for just a few minutes’ work.

It won’t cost you anything, and it won’t be a pain, we promise.

Here’s what you do:

Get a $ 20 Amazon Gift Card for Going Green

You can use your energy bill to support renewable energy — no matter where in Pennsylvania you live.

With renewable energy company Arcadia Power, you can offset your monthly energy consumption with 100% renewable sources in about two minutes.

Arcadia matches each kilowatt-hour of power you use with a kilowatt-hour of wind energy. Basically the company purchases certified renewable energy certificates in your name, so others can take advantage of clean energy in their area.

When you sign up your home or apartment (yup, renters are eligible, too!) with Arcadia, you’ll get a free $ 20 Amazon card.

Earn $ 10 Next Time You Shop

Sure, Ibotta is traditionally known as a cash-back app for groceries — and you can earn a heap of cash on your next haul — but you can also earn cash back on just about anything you purchase.

You can bank cash when you make an Amazon purchase, sign up for Hulu, book your next vacation or even order groceries through Shipt.

Penny Hoarder Carson Kohler earned $ 172 in just over a year’s time, thanks to the free app.

If you sign up now, you’ll snag a $ 10 bonus when you claim your first cash-back offer, and you can cash out once your balance hits $ 20.

Snag a Free $ 10 Walmart Card

One of our favorite ways to save is with Ebates, a cash-back site that rewards you nearly every time you buy something online. For example, Ebates gives you 10% cash -back on online purchases at Walmart.

Plus, you’ll get a free $ 10 gift card to Walmart for giving the site a try.

To earn your gift card:

  1. Sign up for Ebates with your email or Facebook account.
  2. Use the Ebates portal the next time you need to buy something. It’s connected to thousands of stores, including Walmart, Amazon and Target. You’ll need to make your first purchase through the site within 90 days and spend at least $ 25.
  3. Your account will be credited with rewards points you can cash in for your $ 10 Walmart gift card.

Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder. He could use 40 bucks.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

The Penny Hoarder

BEST DEAL UPDATE:

Sam's Club Membership Offer

Trump Nominates World Bank Critic David Malpass As President

President Donald Trump has announced his choice of Treasury Department official David Malpass as President of the World Bank.
RTT – Top Story

SPECIAL NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Influence Peddler: Thora Valdimars, Jeanette Madsen Bank on Instagram for Global Retail Hit Rotate

LONDON — Instagram labels may no longer be a novelty, yet Copenhagen-based influencers Thora Valdimars and Jeanette Madsen have been able to identify a niche in the saturated digital space and turn their nascent concept for dress label Rotate into a success.
Their recipe? Focusing on a single category, sweet spot price points, and a hefty dose of glamour and drama. They also have the backing of retailer Denise Christensen of the Danish retailer Birger Christensen.
They introduced the label just over six months ago, with a tightly edited collection of seven pieces, including short mini dresses with dramatic, puffy sleeves, wrap dresses in candy colors and crystal-embellished blazer dresses. All are priced between 240 pounds and 420 pounds.
The label quickly caught the eye of retailers such as Net-a-porter, Browns and Moda Operandi, which are now the brand’s three main international stockists. Just one season after launch, Rotate Birger Christensen became one of Copenhagen Fashion Week’s hottest tickets, with Mary, the Crown Princess of Copenhagen and influencers galore attending the show and sharing snaps of themselves in the brand’s attention-grabbing dresses. The hashtag #makeitrotate has given rise to a community of its own on Instagram.
“We have this opportunity and we thought we should use

Follow WWD on Twitter or become a fan on Facebook.

Read More…
WWDWWD

BEST DISCOUNT ONLINE:

WATCH: World News 01/23/19: At Least 5 Dead After Suspect Allegedly Opens Fire At Bank

Theranos owner: ‘We made so many mistakes’ with test devices; Nurse accused of impregnating nursing-home patient in vegetative state
ABC News: World News Tonight

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

At least 5 dead after suspect allegedly opens fire at bank: Police

ABC News

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Here’s Where This Financial Planner Keeps Her Money (Hint: Not a Big Bank)

After becoming a financial planner in 2017, Denisa Petricko took a closer look at her own finances.

“After looking at the breakdowns of how my money was being handled by a larger bank, I realized that I had large sums just sitting in an account accumulating interest — but not for me,” she says in an email. “It was for the banks themselves.”

Then, she stumbled upon an article about the Aspiration Account.

When she read the online account would collect 1% in interest — for her to keep — she was sold.

The Perks of Opening an Account With Aspiration

This online-only account comes with a debit card, so you can easily access your money when you need it. Here’s what else you get:

  • As we mentioned in our Aspiration review, Aspiration is a do-good company, focusing on what’s best for you and the planet. You can even track the impact of your spending based on the retailers you frequent.
  • It allows you to choose what you pay each month — even if that’s $ 0. Additionally, there are no sneaky fees. There’s no minimum balance and no minimum monthly deposit. Plus, you can open an account with just $ 10.
  • You can travel without facing insane ATM fees. In fact, ATM fees across the world are 100% refundable. Aspiration automatically reimburses you a couple of days after you’re charged.
  • Aspiration has an easy-to-use app and website, making it accessible everywhere there’s cell phone or internet service.
  • It offers investment options, including its Redwood Fund and Flagship IRA accounts.

With her old bank, Petricko was lucky to earn 8 cents a month on a $ 10,000 balance. Now, Aspiration’s high-yield account slides $ 5 to $ 10 into her account each month, thanks to those interest rates.

Interested in learning more about the online-only  account? Head over to Aspiration.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

The Penny Hoarder

BEST DEAL UPDATE:

Sam's Club Membership Offer

Leaving Your Bank in 2019 Could Save You $360. Here’s How

When’s the last time you were slapped with a bank fee?

Maybe you didn’t maintain that insanely high minimum balance, or you accidentally overdrafted by 99 cents, Or you might’ve used an out-of-network ATM out of desperation.

You’re not alone.

Big banks make big bucks off these fees. Looking at overdraft fees alone, banks collected $ 6.4 billion from Americans in 2016, according to a CNN analysis.

The average overdraft fee these days hovers around $ 30, according to the Consumer Financial Protection Bureau. That’s approximately 10 small Starbucks lattes. Or 30 items off the McDonald’s dollar menu — one snack a day (though we don’t really recommend that health-wise).

Bottom line: We’re losing a lot of money in fees.

And if you’re a moderately frequent overdrafter (defined by the CFPB as someone who overdrafts once a month), then you’re handing over $ 360 in fees each year.

The good news is that there are some very nice accounts out there that won’t charge you overdraft fees — or nearly any fees for that matter — like Aspiration.

This Unicorn of an Account Doesn’t Charge Insane Fees

The Aspiration Account is an online-only account with no monthly fees, no minimums and pays 1% APY.

Yep! Instead of getting charged fees, you can actually earn money with this account.

Here’s a quick rundown of the account’s features and its fees (or lack thereof):

  • Minimum opening deposit: $ 10
  • Minimum balance to maintain: $ 0
  • Monthly maintenance fee: $ 0
  • ATM fee (both domestic and international): $ 0
  • Overdraft fee: $ 0
  • Stop payment fee: $ 0
  • Incoming wire transfers: 82 cents
  • Outgoing wire transfers: 82 cents

(Honestly, there’s Venmo and PayPal these days for those transfers anyways…)

So rather than getting tangled in an endless cycle of bank fees, Aspiration’s account actually allows you to sit back and watch your money grow, thanks to that 1% APY you’ll earn on your balance.

So make the switch, save some money and have a happy, fee-free year!

Carson Kohler (carson@thepennyhoarder.com) is a staff writer at The Penny Hoarder. Full disclosure: She banks with Aspiration and loves it!

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

The Penny Hoarder

BEST DEAL UPDATE:

Sam's Club Membership Offer

Bank Of America Q4 Profit Surges; Revenue Up 6% On Adjusted Basis

Bank of America (BAC) reported fourth-quarter net income of $ 7.3 billion, up 208% from prior year, driven by continued strong operating leverage and asset quality, as well as the benefit of tax reform impacting 2018. Fourth-quarter net income was up 39% adjusting for the impact of the Tax Act in prior year. Pretax income was $ 8.7 billion rose 41% (22% on an adjusted basis) from previous year. Earnings per share was $ 0.70, up 250% (49% on an adjusted basis). On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.63 for the quarter. Analysts’ estimates typically exclude special items.
RTT – Earnings

BEST DEAL UPDATE:

20 Warm Winter Getaways for Families That Won’t Break the Bank

Pack your bathing suit and take your family to one of these easy-to-reach sunny destinations in the United States and the Caribbean that are as easy on your wallet as the warm sun is on your skin.

The post 20 Warm Winter Getaways for Families That Won’t Break the Bank appeared first on Reader's Digest.

Reader’s Digest

BEST DEAL UPDATE:

Download LetGo: Sell Your Old Clothes and Bank Some Extra Cash

You’re ruthless when it comes to deleting old games to make space on your smartphone.

Can the same be said of making space in your closet?

Or are you still clinging to that prom outfit from, like, 10 years ago?

It’s never going to fit — or come into style — again, but something just keeps holding you back from sending it to Goodwill.

Maybe money could change your mind. Instead of storing clothes indefinitely, try selling them.

One app we especially like is Letgo.

You can literally list all those unused frocks, jumpers, peasant tops and jean jackets in less than a minute — quicker than you can say, “I haven’t played that game in weeks!”

Download Letgo now and clear that closet.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

The Penny Hoarder

BEST DEAL UPDATE:

Sam's Club Membership Offer

Steven Mnuchin calls top bank CEOs after last week’s market meltdown

Treasury Secretary Steven Mnuchin phoned the heads of the largest US banks on Sunday to make sure they had enough cash in expectation of a jittery market opening on Wall Street. Mnuchin, who was reportedly vacationing in Cabo, released a statement that said the CEOs of six large banks confirmed they had enough liquidity for…
Business | New York Post

SPECIAL DISCOUNT UPDATE:

Goldman Sachs CEO defends bank as 1MDB scandal intensifies

Goldman Sachs’ new boss has a holiday message for employees: Don’t believe everything you’re hearing about this mess in Malaysia. In a private memo to staff on Friday, Chief Executive David Solomon defended the Wall Street behemoth as it faces mounting criticism, fines and criminal probes over its role in the bribery scandal at a…
Business | New York Post

SPECIAL SHOE DISCOUNT UPDATE:

Want to Make Bank After College? Don’t Pick One of These 11 Majors

We’ve already looked at the best college majors for all you undeclared freshmen out there. But what about the worst?

OK, so there’s really no such thing as “the worst” college major, and I have nothing against following your dreams. But six months after you graduate when that first student loan payment is due, you might feel a tinge of regret if you picked that major your parents scoffed at.

So, we looked at the median salaries for workers under 30 for 172 of the most common degrees to find the worst college major in terms of annual pay. We also considered how this pay has changed since 2013 to find majors that are getting even worse in terms of pay for recent graduates.

Pick one of these 11 majors at your own risk…

The 11 Worst College Majors for Recent Graduates

For this analysis, we dug into census data from 2017 and 2013 to find the college majors with the worst annual pay for recent graduates and the majors that have seen the biggest drop in median earnings over the past four years.

To make sure we were keeping everything consistent, we excluded folks with graduate degrees (that means you might still be able to make bank with one of these majors; it might just take an advanced degree). We also only included full-time, year-round workers.

We then looked at the jobs that the greatest percentage of graduates currently have, according to the American Community Survey. That way you get an idea of what types of occupations these graduates gravitate toward.

Still, you’ll see a lot of these degrees are what I would call “passion majors,” and our earnings data doesn’t include any side gig income that, say, a designer might make by selling T-shirt prints. Also, as you’ll see, a low-paying major isn’t necessarily a bad one — there are teachers, nurses, and social workers who are very important to our country with these degrees.

Here they are, arranged by median salary:

1. Industrial and organizational psychology

Median salary: $ 26,000

Change in earnings: -28%

A whopping 33% of those with a degree in industrial and organizational psychology are employed as a human resource worker. It makes sense, since this degree is pretty specialized for that field of work.

Graduates also became secretaries or administrative assistants, medical assistants or social service managers.

2. Composition and rhetoric

Woman writes in a notebook

Median salary: $ 30,000

Change in earnings: -22.7%

The greatest percentage of those who majored in composition and rhetoric do end up as writers, authors or editors (which likely explains the low pay ¯_(ツ)_/¯).

Other graduates include customer service representatives, retail supervisors and receptionists or information clerks.

3. Humanities

Median salary: $ 30,000

Change in earnings: -7.2%

This is a pretty general degree, and many graduates, around 10%, end up as elementary or middle school teachers right after college.

Teacher’s assistants and marketing or sales managers are also among the most common occupations for recently-graduated humanities majors.

4. Zoology

Median salary: $ 31,000

Change in earnings: -4.2%

I came really close to majoring in zoology before settling on music, and finally economics. Here’s why: More than 10% of all graduates currently work as veterinary assistants or take care of lab animals. Awww.

And nearly one-in-10 of all graduates are currently employed as “nonfarm animal caretakers.” Basically, zoo workers or those who work at aquariums.

5. Studio arts

Picture of woman painting a mural

Median salary: $ 34,000

Change in earnings: -11.4%

This was a tough list, emotionally, to put together. And it’s because of majors like studio arts. I lived and worked with artists all through college, so I know the passion that a degree in this field requires — but the pay just isn’t there for young graduates.

Roughly 13% of these grads end up as designers. Others end up as auditors, miscellaneous managers or retail supervisors. (Obviously, this doesn’t include side gigs these folks may run, like an Etsy store.

6. Linguistics

Median salary: $ 35,000

Change in earnings: -27.9%

Oddly enough, the largest percentage of young graduates with a linguistics degree actually end up as accountants or auditors. And the logic behind understanding the syntax of language also makes software development a popular field.

But, the majority are spread across other, low paying careers like paralegals or manufacturing sales representatives.

7. Music

Female Musiciasn Creating Music

Median salary: $ 36,000

Change in earnings: -4.6%

If I had remained a music major, I would have had a rough time financially right after graduating — and that’s coming from a journalist. I still play drums in my spare time and once taught percussion as a side gig, but I do think I ultimately made the right choice.

About 8% of new graduates start their careers as singers or musicians. The next most common occupations are miscellaneous managers, elementary or middle school teachers and waitress or waitresses.

8. Liberal arts

Median salary: $ 36,000

Change in earnings: -4.6%

Here’s another really general major that doesn’t pay off in the short term for new graduates. But that’s not to say it’s an unimportant or unnecessary degree — many graduates (around 10%) start out as elementary, middle or school teachers.

Others end up as customer service representatives, retail supervisors or teacher’s assistants.

9. General social sciences

Median salary: $ 36,000

Change in earnings: -4.6%

This is another general degree in which the greatest percentage of graduates end up as elementary or middle school teachers. And, in another instance of a low-paying major making a high impact, many other recent college graduates became social workers.

Those with this major also start out as retail salespeople, customer service representatives or office clerks.

10. Nutrition sciences

Median salary: $ 37,000

Change in earnings: -3.6%

More than one-in-six recent nutrition science graduates end up as dietitians or nutritionists, a nod to how specialized this degree is. But graduates are also employed as secretaries or administrative assistants, retail salespeople and personal care aides.

11. History

A man reads a book

Median salary: $ 38,000

Change in earnings: -2.1%

A plurality of history majors become elementary or middle school teachers, while the next big chunk become retail supervisors. Other recent graduates include customer service representatives, miscellaneous managers and secretaries or administrative assistants.

What if I Already Graduated With One of the Worst College Majors?

Don’t despair if you happen to have just graduated with one of these degrees. Personally, I wish I had majored in zoology rather than economics — I think I would be down to trade days of playing with numbers for days playing with red pandas.

But as you can see, these majors might make it difficult to pay back your student loans solely on your income in your first years in the workforce.

No-spend weeks might not make a huge dent in student loan debt, but they will help you be more conscious of frivolous spending.

It might not be the most popular option, but you could always move back in with your parents. Even something as simple as bringing your lunch to work four days a week can help pay down student loan debt.

Still, if you do happen to be a college freshman or high school senior reading this, you might want to check out this list instead — before you register for classes next semester.

Alex Mahadevan is a data journalist at The Penny Hoarder.  He was a music major for exactly two semesters in college.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

The Penny Hoarder

BEST DEAL UPDATE:

Sam's Club Membership Offer

Single Mother Gets The Surprise Of A Lifetime From Her Bank [VIDEO]

 

Various US curency

Source: Douglas Sacha / Getty

via Bossip:

A 30-year-old nurse and single mother with $ 150,000 in student loan debt received an absolutely life-changing surprise on Wednesday.

Jasmin Ford was surprised with the news that Fifth Third Bank was going to be paying off her student loans entirely. “I still can’t find the words,” the mother said on Thursday. “I’m off work again today and I’m just sort of pacing around and restless because I know my life is going to change.”

Ford is a Chicago native and was the first in her family to graduate from college. She received her bachelor’s degree in 2011 and then became a nurse three years later after going back to school for her nursing degree. She finished her Master’s degree in nursing in 2015. With no family assistance, she said she had to take out student loans in order to cover necessities like food and rent in addition to tuition.

“I could not foresee when I’d be able to pay it off,” Ford said of her debt. “I just knew this was going to be a part of my life as long as I was alive unless there was some significant change, which — wow.” Ford said she now envisions being able to use her nursing career to give back even more and “pay it forward.”

“I just imagine being able to spend more time physically with my family, not having to hustle, having mental freedom and with that, some spiritual freedom,” she said. “I can open myself to more experiences, opportunities and just be able to sit and be with my thoughts and be able to pursue what it is I came to do.”

She also said that life will change for her son, Caleb, who is going to turn 2 in February. While struggling to pay back her debt, Ford worked nearly every day of the week at two jobs. “His life will be totally different,” she said. “I’m so happy and so proud that I’m able to offer that to him more than anything else because he deserves it.”

Jasmine Ford was surprised by Fifth Third Bank after being chosen to participate in a documentary that the Ohio-based bank was producing on the student loan debt. She didn’t know she was being awarded $ 150K for her loans, because she thought the film crew was simply coming back to her home on Wednesday to shoot some additional video.

Next year, Fifth Third Bank plans to pay off student debt for two more people. The bank will pay off loans of up to $ 39,000 for two users of Fifth Third Momentum, the bank’s student loan initiative that rounds up a customer’s debit card purchases and applies it to their student loan balance.


Black America Web

ENTERTAINMENT UPDATE:

India is about to get its 3rd central bank governor in 3 years. Markets are concerned

The number of top-level departures may raise concerns about Modi's four and a half year-old government.
Top News & Analysis

COMMUNITY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Fed’s Bullard becomes first on central bank to suggest delaying December rate hike

St. Louis Federal Reserve President James Bullard says the central bank could consider postponing its widely anticipated December rate hike by one month because of an inverted yield curve.
Economy

ECONOMY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Crypto-focused Silvergate Bank Files For $50 Mln IPO

Silvergate Capital, the parent of Silvergate Bank with a focus on digital currency industry, filed for an initial public offering, aiming to raise up to $ 50 million. In a document filed with the Securities and Exchange Commission, the La Jolla, California -based emerging growth company said it plans to list on the NYSE under the symbol “SI.”.
RTT – Top Story

BEST DEAL UPDATE:

German Crypto Exchange Bitcoin Group SE Buys Investment Bank Tremmel

German cryptocurrency exchange Bitcoin Group SE acquired investment bank Tremmel Wertpapierhandelsbank GmbH, aiming to significantly expand its service portfolio. The purchase price was not disclosed, but the company said it is in the lower seven-digit euro range. With the acquisition, Bitcoin Group expects to obtain the use of Tremmel’s banking license.
RTT – Top Story

BEST DEAL UPDATE:

West Bank visitors attracted to hotel adorned by Banksy art

Guests at the Walled Off Hotel in the occupied West Bank town of Bethlehem on Tuesday admired the works of British street artist Banksy, whose wall paintings and other works adorn the establishment.


Reuters: Arts

SPECIAL DEAL UPDATE:

Save anywhere from 35-55% off combined admission prices with the Explorer Pass from Smart Destinations!

Bank Of America Q3 Profit Surges On Asset Quality, Lower Tax Rate

Bank of America (BAC) reported that its third-quarter earnings per share was up 43% year-over-year to $ 0.66. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.62 for the quarter. Analysts’ estimates typically exclude special items. Net income to shareholders increased to $ 6.7 billion from $ 5.0 billion, previous year, driven by continuing strong operating leverage and asset quality, as well as the benefit of tax reform. Pretax income was up 18% to $ 9.0 billion.
RTT – Earnings

BEST DEAL UPDATE:

Bank of America earnings’ jump, topping Wall Street estimates, as consumer credit improves

Chief Executive Officer Brian Moynihan, 59, has focused on cutting costs while looking for profit opportunities that fit his "responsible growth" mantra. 
Top News & Analysis

COMMUNITY NEWS UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!