Interest Rates

FinTech IPO Index Gains 1.4% Into 2022’s Final Four Weeks 
FinTech IPO Index Gains 1.4% Into 2022’s Final Four Weeks 
December 01, 2022  |  Fintech Investments

The countdown’s on to the end of 2022, which FinTech IPO investors would rather forget. Earnings season is now all but over, with the exception...

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Upstart Plunges as Rising Interest Rates Crush Loan Demand
Upstart Plunges as Rising Interest Rates Crush Loan Demand
November 09, 2022  |  Loans

Shares of AI-lending platform Upstart plunged more than 20% Tuesday (Nov 8) evening after the company said rising interest rates and a slowing economy saw...

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MaxMyInterest Appoints ShopRunner Veteran Ateet Adhikari as COO
MaxMyInterest Appoints ShopRunner Veteran Ateet Adhikari as COO
November 03, 2022  |  Personnel

Cash management and optimization platform MaxMyInterest (“Max”) has appointed Ateet Adhikari as chief operating officer (COO) and said he would help lead the company to...

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LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
October 26, 2022  |  Banking

LendingClub’s latest results, in the words of CEO Scott Sanborn, tell a story of “two halves” of 2022 as interest rates continue to soar: The...

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JPMorgan’s Dimon Says Recession Could Happen In 2023
JPMorgan’s Dimon Says Recession Could Happen In 2023
October 10, 2022  |  Economy

JPMorgan CEO Jamie Dimon has said there’s likely to be a global recession by the middle of 2023 due to a confluence of “very, very...

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UN Report: Clock Ticking to Dodge Global Recession Worse Than ‘08
UN Report: Clock Ticking to Dodge Global Recession Worse Than ‘08
October 04, 2022  |  Economy

Monetary policies instituted to offset inflation in developed nations like the U.S. and the U.K. are negatively affecting emerging markets, causing the United Nations and...

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12% of SMBs Concerned They Won’t Survive Past 2024
12% of SMBs Concerned They Won’t Survive Past 2024
October 03, 2022  |  SMBs

There’s an oft-repeated quip in business circles that says, “If you’ve managed to survive this long, you’re probably going to last.”  While more than half...

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Inflation, Rising Bank Rates Driving Crypto Lending in LatAm
Inflation, Rising Bank Rates Driving Crypto Lending in LatAm
September 29, 2022  |  Cryptocurrency

Some Latin Americans are turning to cryptocurrency to access credit as a way to combat the difficulty of borrowing money from traditional banks there. The...

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CarMax Faced With Growing Consumer Demand for Cheaper Cars
CarMax Faced With Growing Consumer Demand for Cheaper Cars
September 29, 2022  |  Retail

Difficult economic conditions are leading car shoppers to look for less-expensive used vehicles, CarMax President and CEO Bill Nash said Thursday (Sept. 29) during the...

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