Source: federalreserve.gov
Manufacturing is about as labor- and material-intensive a sector as might be seen, in any economy. The sheer volume of raw materials, machinery, plant and...
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in...
The latest qualitative readings on the U.S. economy show that economic activity, at best, seems stagnant. At worst, there are some signs that consumer spending,...
FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Eric Hart, the former CFO of Expedia,...
The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting...
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at...
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...
Inflation’s steady at the moment, on its way to ticking up … and credit’s tougher to come by. The Federal Reserve Bank of New York’s...
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits....