Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to…
How much do weddings cost? This one in Las Vegas is just $15
They say love doesn’t cost a thing. But that certainly isn’t true of weddings. In 2022, couples in the United…
Don’t count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests
Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University…
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…
15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer
The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…
Is Biden’s $39 billion student loan forgiveness action legal? ‘Be assured it’s going to stay,’ says expert
The Biden administration Friday said it would forgive $39 billion of student debt for 804,000 borrowers, many of whom may…
FTC warns about student loan scams following Supreme Court decision
Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration’s debt forgiveness plan…
How many credit cards should you have? The answer isn’t zero, say experts
Who’d think a little plastic rectangle could be associated with so much mystery and angst? When it comes to credit…
‘We’re all crazy when it comes to money,’ advisor says. How to manage your psyche for better finances
Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during…
