Thursday, July 2, 2020

LATEST NEWS

MARKETS

3 ETFs With Q2 Gains Of At Least 30%

The S&P 500 is sitting on an impressive 16.36% gain with just one day left in the second quarter. Arguably, that's a spectacular run considering the state of U.S. stocks in March at the hands of the coronavirus pandemic. Of course, some exchange traded funds are rebounding in an even more impressive fashion in the second quarter. The April through June period is proving so kind to equities that nearly 260 U.S.-listed ETFs — approximately 10% of the entire domestic exchange traded products universe — are higher by more than 30% this quarter. These ETF stars run the gamut of countries, exposures, sectors and themes. The following three are a mix of surprises and reasonable contenders. Global X MSCI Argentina ETF (ARGT) It's a great thing if your fund has e-commerce exposure and/or a big weight to Amazon (NASDAQ: AMZN) in 2020. Amazon's Latin American equivalent – MercadoLibre (NYSE: MELI) – has more than doubled in the quarter. That's supportive for the Global X MSCI Argentina ETF (NYSEARCA: ARGT) because the oldest Argentina ETF allocates 24% of its weight to MercadoLibre. How big impactful is MercadoLibre to ARGT's performance? The ETF is trading higher this month, a period in which MSCI put Argentina on the list for possible removal from its emerging markets benchmarks. ALPS Clean Energy ETF (ACES) After ranking as one of last year's best-performing ETFs, the ALPS Clean Energy ETF (CBOE: ACES) got off to a hot start this year before succumbing to the COVID-19 blues. One of the hottest stories in the renewable energy ETF space rebounded 34% during the quarter. Importantly, the second-quarter rally by ACES is rooted in solid fundamentals, including increased alternative energy adoption. “Although U.S. net generation in April fell 6.6% below the same month in 2019, renewable generation has continued to grow as a source of the nation’s supply and surpassed nuclear and coal for the second month in a row,” reports S&P Global Market Intelligence. “Renewables accounted for 23.3% of the total, expanding its lead on nuclear generation as the second-largest source of power supply. A nuclear generation made up 21.5% of the nation’s electricity, while gas-fired generation remained the largest supplier of power with a 39.3% share.” Virtus LifeSci Biotech Clinical Trials ETF (BBC) Thanks to the coronavirus vaccine competition, which has more than 100 entrants, clinical trials are all the rage these days and the Virtus LifeSci Biotech Clinical Trials ETF (NYSEARCA: BBC) is dedicated to that theme. As such, BBC is on a tear this quarter with a 43.12% gain. BBC's strategy is interesting as it “passively invests solely in firms with promising drugs in clinical human trials that have not yet been approved by the FDA or gone into production,” according to the issuer. That's relevant because it could be a year or more before a legitimate vaccine for the virus comes to market. Plus, BBC's components are equally weighted, so single stock risk is limited here. © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

FINANCE

Shift Technologies and Insurance Acquisition Corp. Combine to Bring to the...

Daniel Cohen, Chairman of the Board of Directors of Insurance Acquisition Corp., commented, "We are excited to partner with Shift and its world-class management team as it leverages its technology platform to disrupt the $840+ billion used car market. With its tremendous, ongoing success in its core markets, we believe that this merger and its accompanying capital infusion will enable Shift to expand its product offerings and execute on its growth strategies." George Arison, Shift Co-CEO, said, "Shift's mission is to make car purchase and ownership simple. Merging with Insurance Acquisition Corp. is the next step in our evolution and will enhance our ability to scale our operations as we continue to deliver one of the industry's broadest selections of used cars via our powerful technology platform. We look forward to partnering in a transaction that provides an efficient path for a successful transformation to a public company." Toby Russell, Shift Co-CEO added, "Our high net promoter score demonstrates our success in delivering a simple, satisfying car buying experience for consumers, and our strong market penetration in our core markets demonstrates our ability to effectively scale the business. We operate in a massive market and we believe that there is a significant opportunity to continue to rapidly grow our business. We are actively pursuing our growth initiatives as we execute on our vision." Following the close of the transaction, Shift's highly experienced management team will continue to operate the combined company. Shift Highlights Shift has built a leading automotive e-commerce company powered by a unique technology platform that delivers a comprehensive and seamless car ownership experience.  Shift allows its customers to buy, sell and finance cars in a simple, quick and enjoyable process. Combining both a "buy it now" option for customers to purchase a vehicle sight unseen with its unique concierge service, that allows customers to request a test drive at their home or work, as well as proprietary point-of-sale software, Shift enables the discovery, test drive, purchase and financing of pre-owned vehicles to consumers without visiting a physical place of business.  Leveraging its five regional reconditioning centers and highly efficient consumer purchasing offering, Shift is able to address the entire spectrum of used cars, regardless of sales price, and do so with compelling unit economics. Additional areas where Shift is focused, as it builds a leading automotive e-commerce platform to the sale, purchase and financing of used cars, include: Shift's differentiated strategy focuses on the largest segments of the highly-fragmented used car market, offering one of the broadest spectrums of used car inventory, including Value segment offerings. Shift is the only automotive e-commerce platform to leverage a patented system and method for managing on-demand test drives. By targeting urban, densely populated markets, Shift has used machine learning and a "speed to lead" sales approach to grow its market penetration to over 4% in its top-performing cities within the San Francisco market. With current operations in five markets, which together account for 8% of the U.S. population, Shift has a significant runway for continued expansion. 6.1% gross margin in 2019 demonstrates strong unit economics driven by high-margin vehicle acquisition channels, optimized inventory mix and ancillary product offerings, combined with streamlined inventory onboarding, low fulfillment and reconditioning costs, and centralized software. 90%+ of Shift's inventory is sourced from consumers and partners, driving industry leading margins and low customer acquisition cost. Data-driven vehicle evaluations ensure acquisition of the right inventory at the right time reducing days to sale. Additional information about Shift's operations can be found at www.shift.com. In addition, information about Shift's operations and financial performance is contained in the investor presentation (the "Investor Presentation") furnished today by Insurance Acquisition Corp. via a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC"), which can be viewed at the SEC website at www.sec.gov. Transaction Overview Insurance Acquisition Corp. will combine with Shift for aggregate consideration of approximately $380 million in Insurance Acquisition Corp. Class A common stock, plus an additional 6 million shares of Class A common stock that will be earned if the combined company achieves certain price targets over time. In connection with the transaction, institutional investors, including Fidelity Management & Research Company, LLC, and ArrowMark Partners, have committed to a $185 million private purchase of Insurance Acquisition Corp. Class A common stock that will close concurrently with the business combination. Insurance Acquisition Corp. has committed to register these private shares shortly following the closing of the combination. The combined company will retain up to $300 million of cash following the transaction, which will be used to support working capital and fund growth. The boards of directors of both Insurance Acquisition Corp. and Shift unanimously approved the transaction. The proposed transaction is expected to be completed in the third quarter of 2020, pending stockholder approval of both Insurance Acquisition Corp. and Shift, and is subject to customary regulatory and other closing conditions. Advisors Wells Fargo is acting as exclusive financial advisor to Shift and the Sole Placement Agent to Insurance Acquisition Corp.  Cantor Fitzgerald, Wells Fargo, William Blair and Northland Capital Markets are acting jointly as Capital Markets Advisors.  Jenner & Block is acting as legal advisor to Shift. Morgan, Lewis & Bockius is acting as legal advisor to Insurance Acquisition Corp. The Blueshirt Group is acting as investor relations and public relations advisor to Shift.  Latham & Watkins is acting counsel to the Placement Agent for this transaction. O'Melveny & Myers is acting as counsel to Shift's stockholders. Investor Conference Call Today, June 29, 2020 at 8:00 a.m. ET, Shift and Insurance Acquisition Corp. will host a joint investor conference call to discuss the proposed transaction and review an investor presentation, which will be filed with the SEC as an exhibit to a Current Report on Form 8-K prior to the call, available on the SEC website at www.sec.gov. To listen to the prepared remarks, dial 888-203-1112, passcode: 8051299 through end of day on July 3, 2020. A transcript of the call will also be made available on the SEC website at www.SEC.gov. About Shift Shift is an e-commerce platform on a mission to make car-buying convenient, fair, and accessible for everyone. With instant quotes and at-home pickup, Shift saves sellers time and money. Buyers have access to Shift's bookable at-home test drives and white glove service. Shift's 150+-point inspection and seven-day return guarantee help consumers buy and sell with confidence. Since raising its Series A in 2014 co-led by Emily Melton (Threshold, formerly DFJ) and Manish Patel (Highland Capital), Shift has raised equity from investors including Alliance Ventures, BMW iVentures, certain funds managed by Goldman Sachs Asset Management L.P., G2VP, DCM, Lithia and others. For more information please visit https://shift.com/. About Insurance Acquisition Corp. Insurance Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.  Insurance Acquisition Corp. raised $150.6M in its initial public offering in March 2018. The company's securities are quoted on the NASDAQ stock exchange under the ticker symbols INSU, INSUW and INSUU. Caution Regarding Forward Looking Statements This document includes "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Insurance Acquisition Corp., Shift Technologies, Inc. or the combined company after completion of the business combination are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Agreement and Plan of Merger and the proposed business combination contemplated thereby; (2) the inability to complete the transactions contemplated by the Agreement and Plan of Merger due to the failure to obtain approval of the stockholders of Insurance Acquisition Corp. or other conditions to closing in the Agreement and Plan of Merger; (3) the ability to meet Nasdaq's listing standards following the consummation of the transactions contemplated by the Agreement and Plan of Merger; (4) the risk that the proposed transaction disrupts current plans and operations of Shift Technologies, Inc. as a result of the announcement and consummation of the transactions described herein; (5) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) costs related to the proposed business combination; (7) changes in applicable laws or regulations; (8) the possibility that Shift Technologies, Inc. may be adversely affected by other economic, business, and/or competitive factors; and (9) other risks and uncertainties indicated from time to time in other documents filed or to be filed with the Securities and Exchange Commission ("SEC") by Insurance Acquisition Corp. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Insurance Acquisition Corp. and Shift Technologies, Inc. undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Additional Information In connection with the proposed business combination between Shift Technologies, Inc. and Insurance Acquisition Corp., Insurance Acquisition Corp. intends to file with the SEC a preliminary proxy statement / prospectus and will mail a definitive proxy statement / prospectus and other relevant documentation to Insurance Acquisition Corp. stockholders. This document does not contain all the information that should be considered concerning the proposed business combination. It is not intended to form the basis of any investment decision or any other decision in respect to the proposed business combination. Insurance Acquisition Corp. stockholders and other interested persons are advised to read, when available, the preliminary proxy statement / prospectus and any amendments thereto, and the definitive proxy statement / prospectus in connection with Insurance Acquisition Corp.'s solicitation of proxies for the special meeting to be held to approve the transactions contemplated by the proposed business combination because these materials will contain important information about Shift Technologies, Inc., Insurance Acquisition Corp. and the proposed transactions. The definitive proxy statement / prospectus will be mailed to Insurance Acquisition Corp. stockholders as of a record date to be established for voting on the proposed business combination when it becomes available. Stockholders will also be able to obtain a copy of the preliminary proxy statement / prospectus and the definitive proxy statement / prospectus once they are available, without charge, at the SEC's website at http://sec.gov or by directing a request to: Joe Pooler, Chief Accounting Officer, Insurance Acquisition Corp., 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104. This document shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. Participants in the Solicitation Insurance Acquisition Corp. and its directors and officers may be deemed participants in the solicitation of proxies of Insurance Acquisition Corp. stockholders in connection with the proposed business combination. Insurance Acquisition Corp. stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of Insurance Acquisition Corp. in Insurance Acquisition Corp.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Insurance Acquisition Corp. stockholders in connection with the proposed transaction will be set forth in the proxy statement / prospectus for the transaction when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement / prospectus that Insurance Acquisition Corp. intends to file with the SEC. Investor Relations: Mark Roberts, Blueshirt Capital Markets [email protected] Media Contact: Jeff Fox, The Blueshirt Group [email protected] 415-828-8298 SOURCE Shift Related Links driveshift.com

TECHNOLOGY

COVID-19: Significant Shift in Strategy of Automotive Advanced Driver Assistance System...

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive advanced driver assistance system (ADAS) market and it is poised to grow by USD 57.51 billion during 2020-2024, progressing at a CAGR of almost 21% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing The adoption of cellular V2X has been instrumental in driving the growth of the market. However, high costs associated with the service and maintenance of ADAS might hamper market growth. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Automotive Advanced Driver Assistance System (ADAS) Market 2020-2024: Segmentation Automotive Advanced Driver Assistance System (ADAS) Market is segmented as below: Application Passenger Cars Commercial Vehicles Technology AEBS TPMS PAS Others Geographic Landscape APAC Europe MEA North America South America To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40257 Automotive Advanced Driver Assistance System (ADAS) Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive advanced driver assistance system (ADAS) market report covers the following areas: Automotive Advanced Driver Assistance System (ADAS) Market Size Automotive Advanced Driver Assistance System (ADAS) Market Trends Automotive Advanced Driver Assistance System (ADAS) Market Industry Analysis This study identifies the adoption of V2X technology to enhance ADAS performance as one of the prime reasons driving the automotive advanced driver assistance system (ADAS) Market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Automotive Advanced Driver Assistance System (ADAS) Market 2020-2024: Key Highlights CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist automotive advanced driver assistance system (ADAS) market growth during the next five years Estimation of the automotive advanced driver assistance system (ADAS) market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the automotive advanced driver assistance system (ADAS) market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of automotive advanced driver assistance system (ADAS) market, vendors Table of Contents: PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT 2.1 Preface 2.2 Preface 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis Value chain analysis PART 04: MARKET SIZING Market definition Market sizing 2019 Market outlook Market size and forecast 2019-2024 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY APPLICATION Market segmentation by application Comparison by application Passenger cars - Market size and forecast 2019-2024 Commercial vehicles - Market size and forecast 2019-2024 Market opportunity by application PART 07: CUSTOMER LANDSCAPE PART 08: MARKET SEGMENTATION BY TECHNOLOGY Market segmentation by technology Comparison by technology AEBS - Market size and forecast 2019-2024 TPMS - Market size and forecast 2019-2024 PAS - Market size and forecast 2019-2024 Others - Market size and forecast 2019-2024 Market opportunity by technology PART 09: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison Europe - Market size and forecast 2019-2024 North America - Market size and forecast 2019-2024 APAC - Market size and forecast 2019-2024 South America - Market size and forecast 2019-2024 MEA - Market size and forecast 2019-2024 Key leading countries Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES Market drivers Market challenges PART 12: MARKET TRENDS Growing development of AI-enabled ADAS solutions Integration of map contents in ADAS Adoption of V2X technology to enhance ADAS performance PART 13: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario PART 14: VENDOR ANALYSIS Vendors covered Vendor classification Market positioning of vendors Aptiv Plc Continental AG DENSO Corp. Hyundai Mobis Co. Ltd. Intel Corp. Magna International Inc. Robert Bosch GmbH Valeo SA Veoneer Inc. ZF Friedrichshafen AG PART 15: APPENDIX Research methodology List of abbreviations Definition of market positioning of vendors PART 16: EXPLORE TECHNAVIO About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

INSIGHTS

BANKING

PEOPLE

Life Whisperer, le produit de fertilité reposant sur l'IA, renouvelle l'espoir...

Le produit phare de Life Whisperer utilise l'IA pour analyser des images d'embryons et aider les praticiens à identifier l'embryon susceptible d'aboutir à une grossesse. En choisissant le meilleur embryon, Life Whisperer entend réduire les délais de grossesse et améliorer les résultats pour les couples qui suivent un traitement de FIV. Life Whisperer présentera son produit phare lors de la 36e réunion annuelle de la Société européenne de reproduction humaine et d'embryologie (ESHRE). Matthew (Tex) VerMilyea, spécialiste en fertilité mondialement réputé, représentant Ovation Fertility (États-Unis), présentera les dernières avancées de Life Whisperer en matière d'IA pour la FIV. Dans une étude clinique internationale évaluant à l'aveugle 1 600 embryons de FIV, Life Whisperer s'est révélé 25 % plus performant que les méthodes manuelles classiques d'évaluation des embryons par des embryologistes très expérimentés. L'étude a été publiée récemment dans la prestigieuse revue Human Reproduction. Les cliniques à travers le monde utilisant déjà l'application, la société a hâte de collaborer avec les cliniques de FIV de la région pour proposer Life Whisperer aux patientes à un faible coût, ce veut dire que plus de couples auront davantage de certitudes quant au choix des embryons et atteindront plus vite leur objectif, avec moins de cycles de FIV. Le Dr Michelle Perugini, la fondatrice et PDG de Presagen, a déclaré : « Life Whisperer est destiné à devenir l'outil de référence mondial pour la présélection des embryons dans le cadre de la FIV, aidant la décision clinique sur le choix de l'embryon le plus viable. » La société prévoit également d'étendre sa technologie d'IA à d'autres applications du domaine de la FIV, notamment l'évaluation génétique des embryons et l'évaluation des ovocytes. « L'approbation réglementaire au Royaume-Uni et en Europe offre de belles perspectives à Life Whisperer en vue de renforcer sa présence mondiale, et nous avons hâte de collaborer avec les cliniques et les patientes de l'ensemble de la région, avec l'appui de nos bureaux de Londres », a-t-elle ajouté. David Ridgway, le Ministre du commerce et de l'investissement, a déclaré que la technologie innovante Life Whisperer constitue une belle évolution du secteur des technologies de la santé. « Je félicite Presagen pour l'homologation de sa technologie au Royaume-Uni et en Europe et je suis impatient de voir l'entreprise remporter de nouveaux succès sur d'autres marchés internationaux », a-t-il déclaré. Photo - https://mma.prnewswire.com/media/1198214/Life_Whisperer.jpg   Related Links https://www.presagen.com/ SOURCE Presagen

OPINION

4 Top Ways to Rebalance Your Credit Habits

SAN JOSE, Calif., June 9, 2020 /PRNewswire/ -- The coronavirus has changed our way of life in many ways. For this article, we'll focus on the financial and credit aspects of life after coronavirus. For more loan and credit education, visit myFICO's blog at https://www.myfico.com/credit-education/blog   It's more than likely your financial status has changed since the start of the pandemic, and you might be looking for ways to declutter your debt and rebalance your credit habits. Changing the way you handle your finances for the better has two advantages: it allows you to save more money while also giving you more financial resilience – the ability to adapt better to the "new normal." What follows are 4 of the best ways to start changing your credit habits, so saving money and maintaining financial resilience will become an enjoyable habit rather than an inconsistent chore. 1.  Monitor your credit card statements for "grey" charges. So, what are "grey" charges? These are charges that appear on your credit card statement either without your knowledge or due to businesses using dishonest tactics. The most notorious of these: getting a "free trial" for a service and then auto billing starts once the trial is over. Some examples of other grey charges include: Subscriptions you sign up for while completing another purchase Getting a service for free (freemium) but not knowing it turned into a paid subscription (premium) "Cost Creep" which is when the initial cost for a product or service increases after a certain amount of time without your knowledge. Money-Back Guarantees that you neglect. That means you're charged until you return the item or cancel the service Grey charges cost the average consumer $200 to $300 per month. According to the personal finance security service BillGuard, grey charges cost U.S. credit and debit cardholders $14.3 billion. Don't be one of them. Monitor all your statements and make sure you're not paying for something you don't need or use. 2.  Negotiate your discounts.Many companies were willing to negotiate pricing with consumers before the coronavirus. They are more willing to work with you now – for your sake and to help show the world they care about their customers. So why not give the utility companies you pay monthly a call to see if they can work with you and give you a break? Or even subscription services like magazines and newspapers. You can also call your credit card company to see if they'll lower your interest rate – at least for a little while. Here are some of the services you might want to consider calling: Mobile phone provider Internet provider Cable TV provider Landline phone provider Gas company Oil company Electric company Alarm company Life and Auto insurance company Homeowner or Renter insurance company Credit card company (lower rates) Take a look at your monthly bills and make some calls. You never know how much you can save with just a few phone calls. 3.  Think about your family.Are there any subscriptions or services you're using that might cost less if you utilize their family plan versus an individual plan? Are you overspending because you haven't had time to do the research? Quite often, the discounts you can get with subscriptions that include the entire family can save you hundreds of dollars a year. Some of the services you might consider transferring to a family plan could be: Mobile phone Pandora Spotify Apple Music Google Play Music Amazon Prime YouTube Premium Go online and do some research on the streaming (and non-streaming) services you use. Do any of them offer family plans? If so, you might be able to save a lot of money every month! 4.  Score some points… real points.Okay, let's talk about your credit card rewards for a few minutes. Are you getting points for every dollar you spend online? COVID-19 has forced us to do a lot more online shopping and receiving points for online shopping can add up to lots of savings. Can you redeem your points for cash back on your monthly credit card bill? The more you spend, the more you should get back from your credit card company. Many cards allow you to redeem points toward your credit card bill. It's a nice gift to give yourself at the end of every month. Is your current card giving you points for travel or miles points? If yes, think about it. How much travel will you be doing in the near term or long term? Think about changing cards to another that offers points for something you can use right now. About myFICOmyFICO makes it easy to understand your credit with FICO® Scores, credit reports and alerts from all 3 bureaus. myFICO is the consumer division of FICO– get your FICO Scores from the people that make the FICO Scores.  For more information, visit https://www.myfico.com. SOURCE myFICO

The Spending Virus

March Primary Madness

POLITICS

INVESTING

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