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IRS to Distribute $2.4 Billion in Automatic COVID-19 Stimulus Payments
Capital, Risk & Assets IRS to Distribute $2.4 Billion in Automatic COVID-19 Stimulus Payments

The IRS has initiated a groundbreaking program to distribute approximately $2.4 billion in automatic stimulus payments to taxpayers who failed to receive their COVID-19 stimulus payments amid the pandemic. This initiative, aimed to be completed by the end of January, targets around one million

Scope Ratings Revises Georgia's Outlook to Negative Amid Rising Risks
Capital, Risk & Assets Scope Ratings Revises Georgia's Outlook to Negative Amid Rising Risks

Scope Ratings GmbH, a renowned Germany-based rating agency, has made significant changes to the Republic of Georgia's credit ratings and outlooks, reflecting various rising risks. The agency affirmed Georgia's long-term local- and foreign-currency issuer and senior unsecured debt-category

Evaluating American Express: Is the Stock a Buy, Sell, or Hold?
Capital, Risk & Assets Evaluating American Express: Is the Stock a Buy, Sell, or Hold?

American Express (AXP) has been a significant player in the credit card industry, renowned for its strong brand, lucrative cardholder perks, and an integrated payment processing network. Given its notable standing and historical performance, this article seeks to delve into the current state of

How Will Changes in U.S. Social Security Impact Your Retirement?
Capital, Risk & Assets How Will Changes in U.S. Social Security Impact Your Retirement?

As the United States approaches 2025, the retirement landscape is set for significant changes that will impact millions of workers and current retirees. These adjustments encompass new rules, revised eligibility criteria, and fine-tuned benefit values within Social Security—a critical pillar of f

Is Bank of America a Strong Buy Amid Market and Regulatory Changes?
Capital, Risk & Assets Is Bank of America a Strong Buy Amid Market and Regulatory Changes?

Bank of America Corporation (NYSE: BAC), one of the world's largest and most influential financial institutions, must navigate a complex and increasingly uncertain financial landscape. With over $3 trillion in assets and a market capitalization of $354 billion, the bank commands significant

Rising Credit Card Debt Among Americans Amid Inflation and High Rates
Capital, Risk & Assets Rising Credit Card Debt Among Americans Amid Inflation and High Rates

Credit card debt among American cardholders has surged to its highest level since March 2020, a stark reminder of the financial instability currently gripping the nation. According to a recent survey conducted by Bankrate, 50 percent of American credit cardholders now carry a balance from month to

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