Low-Income Borrowers Face Loan Delinquency as Prices Rise
According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans.
Apr 23, 2024 04:45 AM EDT
Another Retailer Bites the Dust: How Express's Struggles Reflect the Changing Retail World
Express Inc. has filed for Chapter 11 bankruptcy protection. Once a trailblazer in casual workplace wear, the company has struggled to compete with retailers like Zara and H&M.
Biden's Renewed Effort for Tuition-Free Community College Could Transform Personal Finances
President Joe Biden indicated that he was still hopeful about making some college education free when he disclosed the specifics of his Plan B for student loan forgiveness.
Fewer Self-Checkouts at Walmart: Could This Mean More Cashiers and Lower Prices?
Walmart is getting rid of the self-service lanes at a store in Missouri, joining the ranks of businesses reevaluating self-checkout.
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NY Targets Digital Currency Group in Expanded $3 Billion Lawsuit
Letitia James, the attorney general of New York, tripled the amount of the alleged fraud scheme of Digital Currency Group and other cryptocurrency defendants in her complaint on Friday, bringing it to over $3 billion.
Feb 10, 2024 11:02 AM EST
Federal Reserve Resists Rate Cuts Despite Near 2% Inflation: What's Holding Them Back?
Americans are ready for the Federal Reserve to start lowering interest rates and lessening the burden on borrowers, from Wall Street speculators to auto sellers to house purchasers.
Feb 10, 2024 10:26 AM EST
Feds Unveil Huge Reward for Hive Ransomware Info
The U.S. Department of State announced on Thursday that it would provide a reward of up to $10 million for information leading to the identification or location of leaders associated with the Hive ransomware gang.
Feb 09, 2024 02:10 AM EST
Blood Gold: The Mercenaries Plundering Africa to Fuel the Kremlin's War Machine
The RSF has seized and taken control of lucrative artisan gold mines throughout Darfur to further arm and equip its forces.
Feb 08, 2024 05:19 PM EST
The Best Places to Retire in the United States in 2024
Let's find the best state to live in. Here's what our editorial staff believes is best
Feb 08, 2024 01:01 PM EST
Did Pfizer Forget How to Make Money Without a Pandemic?
In a few years, a lot can happen in the stock market, and Pfizer is a prime example. By the end of 2021, the COVID-19 vaccine manufacturer was doing well, with its shares trading at about $60. In 2022, it would break the record with an annual revenue of above $100 billion.
Feb 08, 2024 10:50 AM EST
Is Another Banking Crisis Brewing? NYCB Struggles Raise Unnerving Questions
In an attempt to calm nervous investors, struggling lender New York Community Bank has revealed a plethora of financial data during the last 24 hours.
Feb 08, 2024 10:21 AM EST
Millennials & Gen Z Strike Gold: Wealth Up 80% for Under-40s During Pandemic
Many Americans have seen an increase in wealth in the years after the epidemic, owing to a thriving stock market and rising home values. But during the previous five years, workers under 40 did significantly better than other demographic groups.
Feb 08, 2024 10:00 AM EST
10-Year Yield Up 0.15% as Fed, Jobs Report Jolt Treasury Market
The fixed income market is being affected by a reevaluation of the Federal Reserve's timeline for interest rate cuts, which is increasing risk for investors who anticipate that the tremendous rally that sent bonds higher at the end of 2023 will continue this year.
Feb 07, 2024 11:59 PM EST
Mexico Becomes Top Source of U.S. Imports, Surpassing China
Last year, Mexico overtook China as the country from which the United States imports the most commodities for the first time in over 20 years. T
Feb 08, 2024 06:25 AM EST
JPMorgan Overhauls Banking Experience with Expansive Strategy
In an effort to increase its presence in underrepresented regions, JPMorgan Chase announced on Tuesday that it was starting one of its most ambitious bank branch expansions in recent memory, with plans to open more than 500 new branches in the United States by 2027.
Feb 07, 2024 10:22 AM EST
IRS Cracks Down on Unpaid Taxes with New Funding
With financing under the Inflation Reduction Act (IRA), the IRS stated it is ready to collect hundreds of billions of dollars more in tax revenue by pursuing past-due and unpaid taxes, substantially more than was originally projected.
Feb 07, 2024 09:55 AM EST