The Federal Reserve has approved its second consecutive interest rate cut, but Chair Jerome Powell's uncertain comments about future reductions have rattled markets. With inflation still above target, what does this mean for consumers and the economy?
A recent wave of fraud cases and bankruptcies is raising alarms about unregulated loans, leading to a sell-off in U.S. banking stocks that is impacting global markets this week.
The Federal Reserve is leaning towards further interest rate cuts amid rising unemployment concerns, but divisions remain among officials about inflation risks. Discover the implications for borrowers and the economy.
Charlie Javice, convicted of defrauding JPMorgan Chase during the sale of her startup Frank, has been sentenced to over seven years in prison. The scandal involved falsified customer data, leading to a massive financial loss for the bank.
In a surprising announcement, the Federal Reserve has cut interest rates for the first time this year. However, experts warn this quarter-point reduction may not immediately impact mortgage or car loan rates as anticipated.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
A prominent economist warns that the U.S. is on a dangerous financial path as debt costs rise and economic growth stalls. With soaring student loan delinquency rates and increased government spending, the nation faces a looming crisis.
FICO is set to include buy now, pay later loans in credit scores, impacting how lenders assess creditworthiness. This change reflects a rising trend in consumer finance, but could it help or hurt your score?
Congress has passed a sweeping bill that overhauls student loan repayment options, replacing existing plans with less favorable terms. Critics warn these changes could worsen financial insecurity for millions of borrowers.
The public feud between Elon Musk and Donald Trump highlights the significant control the US government has over Musk's companies, raising concerns among investors. Cathie Wood of Ark Invest shares insights on how this conflict may impact Tesla and its relationships.
