Interest Rates

Upstart Plunges as Rising Interest Rates Crush Loan Demand

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: Get...

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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.”  Get the Full Story...

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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. Get...

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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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