Interest Rates

New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
September 26, 2023  |  Economy

The Federal Reserve indicated last week that higher interest rates will likely stick around. And as The Wall Street Journal (WSJ) reported Tuesday (Sept. 26), this situation has begun...

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Higher for Longer Means Tougher for Longer for FinTechs
Higher for Longer Means Tougher for Longer for FinTechs
September 24, 2023  |  Fintech Investments

The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad...

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FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
September 22, 2023  |  Fintech Investments

Partnerships were the prime source of headlines this past week. But for the FinTech IPO Index, which gave up 5.8% through the past five sessions,...

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Report: Affirm Explores Subscription Service to Diversify Revenue Sources
Report: Affirm Explores Subscription Service to Diversify Revenue Sources
September 21, 2023  |  Subscriptions

FinTech company Affirm is reportedly exploring the introduction of a subscription service called Affirm Plus. The potential service aims to offer upgrades for both its buy now,...

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Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a...

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Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
September 17, 2023  |  Loans

Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade...

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Healthcare, Leisure and Hospitality Lead Job Gains in August
Healthcare, Leisure and Hospitality Lead Job Gains in August
September 01, 2023  |  Economy

The U.S. economy added 187,000 jobs in August, with the healthcare and the leisure and hospitality sectors leading the way. The number of jobs added during the...

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Report: Fed Likely to Hold Interest Rates Despite Higher Consumer Spending
Report: Fed Likely to Hold Interest Rates Despite Higher Consumer Spending
August 31, 2023  |  Economy

The Federal Reserve is reportedly likely to keep interest rates where they are when it meets in September even though economic activity has remained unexpectedly strong. Consumer...

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Financial Education Can Help Subprime Consumers Triple Borrowing Capacity
Financial Education Can Help Subprime Consumers Triple Borrowing Capacity
August 31, 2023  |  Personal Finance

In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But...

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