The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
Category: Credit and Debt
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After a Burst of New Businesses, a Cooling Economy Intrudes
The New York Times – Business: -
JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The New York Times – Business:The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
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Rising Interest Rates Lift Profits at Bank of America and Wells Fargo
The New York Times – Business:Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.
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Stranded by Southwest and Stuck With Unexpected Costs
The New York Times – Business:The airline’s customers incurred thousands in expenses as they scrambled to find alternate ways to get home.
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Low-Down-Payment Mortgages: Your 2023 Guide
The New York Times – Business:Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.
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The Downsides of Using ‘Buy Now, Pay Later’
The New York Times – Business:Shoppers can quickly get approved for the services, but regulators are concerned that the loans lack important protections.
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Hardship 401(k) Withdrawals, Explained
The New York Times – Business:Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
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Defaults Loom as Poor Countries Face an Economic Storm
The New York Times – Business:Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
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How to Manage Credit Card Debt When Holiday Shopping
The New York Times – Business:Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.
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A Holiday Season Divided by Inflation and Economic Struggles
The New York Times – Business:Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
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Are the Federal Reserve’s Rate Increases Working?
The New York Times – Business:The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.