Interest Rates

JPMorgan Chase CEO Jamie Dimon Says US Economic Boom ‘Unbelievable’
JPMorgan Chase CEO Jamie Dimon Says US Economic Boom ‘Unbelievable’
April 23, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Tuesday (April 23) that the U.S. economic boom is “unbelievable.” Speaking at an event at The Economic Club of New York, Dimon...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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....

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >