Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
Category: Credit and Debt
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds
A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found.
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Student Debt Is Standing in the Way of Future Nuns and Priests
For young adults who want to join certain religious orders, paying off debt before taking a vow of poverty can prove challenging. But their communities are willing to help.
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Atos, a French Tech Giant, Tumbles in Value
The French government said it would seek “a national solution” to protect Atos, a debt-burdened company that serves nuclear programs and the military.
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Atos, a French Tech Giant, Tumbles in Value
The French government said it would seek “a national solution” to protect Atos, a debt-burdened company that serves nuclear programs and the military.
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Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.
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How 33-Year-Olds, the Peak Millennials, Are Shaping the U.S. Economy
Meet the 1990 and 1991 babies, a massive microgeneration in lifelong competition for America’s economic resources, reshaping the world around them.
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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Looking for a Lower Credit Card Interest Rate? Good Luck.
Comparison sites often emphasize the big banks’ offerings even though smaller banks and credit unions typically charge significantly less.
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A Mortgage After 65: A ‘No Brainer’ or a Big Risk?
Fueled by once-low rates, more older Americans have mortgage debt, according to new research. But the downsides can be significant, some experts say.