Interest Rates

Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
July 19, 2024  |  Acquisitions

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...

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Ally Reports Net Charge-Offs Rise Due to High-Priced Cars
Ally Reports Net Charge-Offs Rise Due to High-Priced Cars
July 17, 2024  |  Earnings

Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier,...

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HSBC Scales Back Hiring Amid Cost-Cutting Efforts
HSBC Scales Back Hiring Amid Cost-Cutting Efforts
July 02, 2024  |  Personnel

European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to...

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PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024  |  Economy

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...

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Father’s Day Spending Projected to Slide as Consumers Cut Back
Father’s Day Spending Projected to Slide as Consumers Cut Back
June 03, 2024  |  Retail

As with Mother’s Day last month, consumers have a little less to spend on Dad for Father’s Day this year. Last year saw Americans spend record...

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B2B Companies Embrace Invoice Financing to Drive Business Continuity
B2B Companies Embrace Invoice Financing to Drive Business Continuity
May 30, 2024  |  B2B Payments

As businesses evolve, so too do the ways in which they pay and get paid. After all, cash flow is the lifeblood of any business....

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Treasury Secretary Janet Yellen Says Many Americans Concerned About High Costs
Treasury Secretary Janet Yellen Says Many Americans Concerned About High Costs
May 24, 2024  |  Economy

The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the price increases...

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Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...

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As Consumers Pause Spending in April, Is Summer Slowdown Looming for Merchants?
As Consumers Pause Spending in April, Is Summer Slowdown Looming for Merchants?
May 15, 2024  |  Economy

It remains to be seen if April will be the pause that refreshes or if consumers will pinch their wallets shut for a longer period, ushering in summer doldrums for...

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