mosaec

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

Banking and Financial Institutions Biden, Joseph R Jr Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Politics and Government Republican Party Senate Stocks and Bonds Treasury Department United States United States Economy United States Politics and Government

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.

By Jeanna Smialek Jim Tankersley and Joe Rennison

Smaller Rate Increase by Federal Reserve Likely as Inflation Cools

Banking and Financial Institutions Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries

Smaller Rate Increase by Federal Reserve Likely as Inflation Cools

America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.

By Jeanna Smialek

‘Buy Now, Pay Later’ Is the Victim of its Own Success

Banking and Financial Institutions Goldman Sachs Group Inc saturdaynewsletter

‘Buy Now, Pay Later’ Is the Victim of its Own Success

What once seemed like attractive economics have been upended by increasing competition and rising interest rates.

By James Ledbetter

Easy to Use, Mobile Payment Apps Are Also Easy to Misuse

Banking and Financial Institutions Cash App (Mobile App) Consumer Reports Content Type: Service Frauds and Swindling Mobile Commerce and Payments Personal Finances Privacy Regulation and Deregulation of Industry Venmo

Easy to Use, Mobile Payment Apps Are Also Easy to Misuse

While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.

By Ann Carrns