Consumers in the U.S. have seen their credit scores reach record highs in the spring at the same time that the number of Americans who have the riskiest credit profile hit a record low. According to a report in The Wall Street Journal, the improving credit...
The economy in the U.S. slowed at a rate that was less than initially expected during the first three months of the year, but business investment softened and consumer spending moderated, raising concerns about the economy’s growth prospects for the current quarter. According to a...
Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. M-Pesa began in Kenya 10 years ago under the umbrella of Safaricom, the Kenyan...
Despite all the political rancor going on in the U.S., consumer sentiment among consumers increased in May based on preliminary data from the University of Michigan’s consumer sentiment index. According to a report in The Financial Times Friday (May 12), the index came in at...
Merchants and consumers alike have a host of reasons to love financing. Consumers get to purchase more or better than their cash budgets might have allowed, or get to hold on to their cash for longer. And merchants get a chance to both up their...
American Express CEO Ken Chenault said last week that he would like to see more growth in the economy, but overall he is happy with the company’s performance, saying its first quarter was “very, very good.” “At the end of the day, we feel good...
There’s an up-and-coming age group of stock investors who may change the way people traditionally think of investments. Growing up in the 90s and early 2000s has made the millennial age group more in tune with technology. With the rise of the internet in the middle...
What to make of the jobs and wages data that, newly in the rearview mirror, are harbingers, or not, of things to come on the employment front? To recap, the March jobs report was glaring as a miss versus consensus, at a 98,000 gain, below...
Amid a slew of economic data released by government agencies tied to February and March, job openings across the United States were at a seven-month high as measured in February. And as Reuters reported, the hiring pace was down. The end result is a tighter...
