Financial News

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Security Bancorp, Inc.

Business News

Security Bancorp announces annual cash dividend

MCMINNVILLE, Tenn. (GlobeNewswire) -- Security Bancorp, Inc. (OTCBB:SCYT) announced that the Board of Directors has declared an annual cash dividend of $1.00 per share on outstanding common stock. The cash dividend will be payable on July 1 to shareholders of record as of the close of business on June 1, 2022. Security Bancorp, Inc. is the holding company for Security Federal Savings Bank of McMinnville. It is a Tennessee state-charter financial institution with a headquarters in McMinnville, Tenn. On Mar. […]

todayMay 20, 2022 4

business money investments summer spending

Financial News

Looking to invest your money digitally?

Four tips to give you some ideas

The traditional way to invest your money is to buy real assets that you can measure and sell in the future for a good profit. On the other hand, the internet has opened up many more ways to invest. You would be putting yourself behind if you did not think about the many digital options you have now. When you invest your money online, you do not even have to leave your couch to make money. But before you rush […]

todayMay 12, 2022 6

Carvana

Automotive News

Carvana to lay off 2,500 employees

Executives to forgo 2022 salaries

PHOENIX (UPI) -- Online used car retailer Carvana plans to lay off 2,500 employees, according to a document filed with the U.S. Securities and Exchange Commission on Tuesday. The company made the decision to make the cuts, which represent roughly 12% of its workforce, in response to macroeconomic factors that have "pushed automotive retail into recession," according to the filing. "While Carvana is still growing, our growth is slower than what we originally prepared for in 2022, and we made […]

todayMay 12, 2022 26

fuel gas prices

Financial News

How to adapt with soaring fuel prices

If you thought fuel prices were high last year, they just got higher. The needless war between Russia and Ukraine has caused global oil prices to rise substantially at a time when living costs, in general, are higher than ever before. So what's the solution? There must be one somewhere. Actually, there are quite a few. The fact is we can continue to live in the way we always have, continue to pay the going rate for fuel and insurance, […]

todayApril 26, 2022 21

Netflix

Business & Lifestyle

Netflix shares plunge after report of subscriber drop

NEW YORK/LOS ANGELES (UPI) -- Netflix, once the king of streaming, saw its shares tumble 37% Wednesday after its earnings report revealed that its lost subscribers for the first time in more than a decade. The media company said it lost a net 200,000 subscribers in the first three months of the year even though it added 500,000 worldwide. It lost 700,000 subscribers in Russia after pulling out of the country because of its invasion of Ukraine followed by sanctions. Netflix […]

todayApril 20, 2022 16

Dow Jones stock market

Business & Lifestyle

Dow bounces back 499 points

Netflix posts first subscriber loss in a decade

The Dow Jones Industrial Average gained 499.51 points as investors turned their focus to earnings reports, which saw Netflix report its first loss of subscribers in a decade. NEW YORK (UPI) -- U.S. markets rebounded Tuesday as investors weighed a flurry of earnings reports, including disappointing numbers from Netflix. The Dow Jones Industrial Average gained 499.51 points, or 1.45%, while the S&P 500 rose 1.61% and the Nasdaq Composite ended the day up 2.15%. Netflix reports a drop in net […]

todayApril 19, 2022 22

money finance financial

Financial News

The basics to protecting your family’s financial health

Earning money is never an easy task, and it's even more challenging when you're supporting a family. With today's economic volatility, it's more important than ever to make sure your family is as financially secure as possible. The best way to protect your family's finances is to stay on top. The more you know, the better off you'll be when making tough decisions. That's why it's relevant to understand the fundamental concepts regarding financial security. Here are some tips to […]

todayApril 6, 2022 27

TNB Bank TrustBank

Business & Lifestyle

Olney-based TrustBank acquires TNB Bank

TUSCOLA -- TNB Bank in Tuscola recently got a new name and new ownership. TrustBank is a bank group based in Olney that, prior to the acquisition, had four branches in Illinois and three in Arizona. The sale of TNB Bank was finalized Friday, and the facility re-opened Monday under the TrustBank banner. "The company is very excited to extend its reach into Douglas County," stated Gina Kocher, director of marketing and business development for TrustBank. "It fits our culture. […]

todayMarch 16, 2022 189

federal financial aid

Financial News

Seven action steps after receiving financial aid letters

(StatePoint) -- Perhaps even more nerve-wracking than waiting for your child’s college acceptance letters is learning whether they’ve been awarded financial aid. This is the piece of the puzzle that tells you how much it will really cost, and ultimately, whether a particular school is within your budget. “Decoding award letters and comparing their terms can be a challenge,” says Angela Colatriano, chief marketing officer of College Ave Student Loans. “Just be patient and take the time to understand each […]

todayFebruary 25, 2022 7

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