October 04, 2023
Biden Administration Cancels $9 Billion in Student Loans as Payments...
The White House canceled $9 billion in debt for 125,000 student loan borrowers. The debt relief comes as student loan payments restart for Americans following a three-year hiatus that began...
October 04, 2023
Blue Apron and SmileDirectClub Prove Profits Are Ultimate Test for...
A hallmark of subscription startups has always been the lure of recurring revenues. A recurring theme has also been that profits are elusive — and sometimes the pressures on the business...
October 03, 2023
Do Bankman-Fried Jurors Need Crypto Knowledge to Decide Case?
Jurors in FTX founder Sam Bankman-Fried’s trial may not be familiar with cryptocurrencies. And as The Wall Street Journal (WSJ) reported Tuesday (Oct. 3), that lack of knowledge might be something both the...
October 03, 2023
The Great Connected Consumer Paradox
It has been reported that by 2010, cable television in the U.S. had sort of hit its stride. Analysts report that 90% of homes with a television had a monthly...
October 02, 2023
Economists Expect Limited Macro Impact From Student Loan Payment Resumption
The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While the approximately 43 million borrowers...
October 02, 2023
Experian Launches Credit-Building Digital Checking Account and Debit Card
Experian has launched the Experian Smart Money Digital Checking Account and Debit Card, featuring FICO score-boosting Experian Boost. The new offering aims to provide consumers with a way to build...
October 02, 2023
Turkey’s Watchdog Investigates Corporate Bond Issuances
Turkey’s antitrust watchdog has launched an investigation into corporate bond issuances, which have seen a resurgence in the wake of the government’s shift towards more traditional economic policies. Officials from...
September 29, 2023
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated by the Paris public prosecutor’s...
September 29, 2023
Inflation Slows but Still Outpaces Disposable Income Headed Into Holiday...
Inflation is slowing, according to the latest official data. But it may not make a difference in the lives of the roughly 60% of consumers who live paycheck to paycheck....
