Interest Rates

Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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US Bancorp Interest Income Dips as Customer Caution Continues
US Bancorp Interest Income Dips as Customer Caution Continues
April 17, 2024  |  Banking

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net...

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CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers....

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VC Investors Face ‘Tough Math’ as Deal-Making Slows
VC Investors Face ‘Tough Math’ as Deal-Making Slows
April 03, 2024  |  Investments

Last year was the worst year for venture capital funding since 2016. So far, 2024 isn’t shaping up to be much better. Venture firms raised $30.4...

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Nu Lowers Yield on Savings Accounts in Mexico
Nu Lowers Yield on Savings Accounts in Mexico
March 26, 2024  |  Digital Banking

Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for...

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Growing Rise in Side Hustles Points to Boon in Digital Payouts
Growing Rise in Side Hustles Points to Boon in Digital Payouts
March 25, 2024  |  Faster Payments

The rise of the gig economy may have significant, positive knock-on effects for faster disbursements and earned wage access options. In this environment, supplemental income...

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28% of BNPL Applicants Motivated by No Interest Rate
28% of BNPL Applicants Motivated by No Interest Rate
March 25, 2024  |  BNPL

For buy now, pay later (BNPL) applicants, PYMNTS Intelligence finds, interest rates are a key concern. By the Numbers The 2023 PYMNTS Intelligence report “The...

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Shelter and Clothing Get More Expensive With Inflation Stubbornly Entrenched 
Shelter and Clothing Get More Expensive With Inflation Stubbornly Entrenched 
March 12, 2024  |  Economy

We may have to wait a bit longer for rate cuts. And for the U.S. consumer, inflation’s a stubborn fact of life — volatile, to...

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Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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