August 23, 2023
Carvana Adds Indiana to Its Same-Day Delivery Roster

Online used-car platform Carvana says it has added same-day delivery to a second state. First rolled out in Arizona, the service is now also available for customers in Indiana, the company announced Wednesday (Aug....

August 22, 2023
Report: Payroll Revision Could Make 500,000 Jobs Vanish

America’s strong labor market might be somewhat weaker than anticipated. As Bloomberg News reported Tuesday (Aug. 22), government data released this week logging payroll growth for the year through March will include...

August 21, 2023
Estée Lauder Embraces Science, Expertise and TikTok to Get Consumers...

In 1968, Vogue magazine published an article titled “Can Great Skin Be Created?” by beauty editor Carol Phillips. It caught the attention of dermatologist Dr. Norman Orentreich and journalist Evelyn Lauder,...

August 21, 2023
Auto Prices Speed Past Affordability as Defaults Climb

Times are tough for the American car buyer, whether they’re seeking new or used vehicles. New cars less than $20,000 are all but extinct, while the average American now needs...

August 17, 2023
Plaid Teams With Pinwheel for Direct Deposit Services

Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide complementary payroll data services for...

August 15, 2023
Fitch Warns That Even JPMorgan Isn’t Immune to Downgrading

America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants...

August 14, 2023
Fed: Consumer Sentiment Up as Inflation Expectations Decrease

Consumer sentiment is improving overall, with decreased expectations of inflation. According to the July 2023 Survey of Consumer Expectations released by the Federal Reserve Bank of New York’s Center for Microeconomic Data, inflation expectations...

August 09, 2023
Bank Loan Losses Hit Three-Year High at $19 Billion

American banks reported nearly $19 billion in loan losses during the second quarter. As the Financial Times reported Wednesday (Aug. 9), the $18.9 loan-loss rate is the highest in three...

August 04, 2023
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing

Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. A total of 187,000 nonfarm payroll jobs were added during the month, the Bureau of...