Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. As Bloomberg News reported Sunday (May 28), 4 in 10 adults in Brazil...
Federal Reserve Bank of Richmond President Tom Barkin reportedly said there is a “demand slowdown.” At the same time, Barkin declined to say the country is nearing a recession,...
The days of empty car dealer lots could be coming to an end. Easing supply chain constraints and steady production has increased vehicle availability, The...
Federal Reserve officials reportedly seem more divided than ever on whether more interest rate hikes are needed. Officials’ comments signaling different opinions on the issue come...
At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media...
Property technology company Avenue One has reportedly achieved unicorn status after raising $100 million. The funding values Avenue One at $1 billion, Bloomberg News reported...
An ex-Federal Reserve official said America’s regional banking crisis hasn’t yet passed. Former Federal Reserve Bank of Dallas President Robert Kaplan said in a Wednesday...
Consumer spending flattened in March while prices continued to rise. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.3% from the...
The collapse of Silicon Valley Bank (SVB) roiled the U.S. financial system last month. San Francisco-based LendingClub, a FinTech lender that became a direct-to-consumer (DTC)...