January 18, 2024
Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday...
Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a conference call with analysts that,...
January 15, 2024
CE 100 Index Adds 1.1% as Bank Earnings Blunt Gains,...
Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment were blunted by the bank...
January 14, 2024
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The...
January 12, 2024
JPMorgan Earnings: Credit and Debit Spend Surges 7%
Earnings season’s here, with JPMorgan among the most visible names reporting Friday morning (Jan. 12). And the big bank’s metrics are showing evidence that consumer spending is still strong. But...
January 11, 2024
Online Sales Led Increased Revenue Expectations for Main Street SMBs...
With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially for the most vulnerable small...
January 04, 2024
Initial Claims for Unemployment Drop by 18,000
The number of initial claims for unemployment insurance dropped to 202,000 during the week ended Saturday (Dec. 30). That total was 18,000 less than the previous week’s revised level of...
December 28, 2023
Jobless Claims Creep up for Second Consecutive Week
Unemployment claims keep climbing, although some economists are still reportedly confident in the labor market. Figures released Thursday (Dec. 28) by the U.S. Department of Labor showed that jobless claims...
December 21, 2023
Weekly Jobless Claims Rise Less Than Economists Expected
The number of initial claims for unemployment insurance rose by 2,000 during the week ended Dec. 16. There were 205,000 initial claims filed that week, up from the revised level...
December 19, 2023
CFPB: US Bank Illegally Blocked Workers From Unemployment Benefits
America’s consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank to pay nearly $21 million,...
