Interest Rates

Home Depot: DIYers Hammer Away at Pocket-Friendly Projects
Home Depot: DIYers Hammer Away at Pocket-Friendly Projects
November 14, 2023  |  Earnings

Sticking to the same DIY rhythm as the previous quarter, Home Depot continues to see consumers hammering away at small projects instead of diving into...

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Small Businesses Delay Purchases and Hiring Due to High Interest Rates
Small Businesses Delay Purchases and Hiring Due to High Interest Rates
November 14, 2023  |  Economy

 High interest rates are leading smaller businesses to lower their expectations.  As the Wall Street Journal (WSJ) noted in a report Tuesday (Nov. 14), some...

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Fed: Banks Healthier Than in 2008 but Still Vulnerable
Fed: Banks Healthier Than in 2008 but Still Vulnerable
November 12, 2023  |  Banking

America’s banks are in a steadier place than they were in 2008. But according to a recent Federal Reserve report, that doesn’t mean they’re completely...

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Buy Now, Pay Later Thrives Despite Rising Interest Rates
Buy Now, Pay Later Thrives Despite Rising Interest Rates
November 09, 2023  |  Buy Now Pay Later

Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional...

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For FinTechs, Raising Capital Is Like It’s 2017
For FinTechs, Raising Capital Is Like It’s 2017
November 09, 2023  |  Fintech Investments

FinTechs remain in a tight spot, as far as fundraising goes. The third quarter of this year saw investment in private FinTechs fall 46% compared to the...

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European Banks Look to Fee Income as Rate Hikes Slow
European Banks Look to Fee Income as Rate Hikes Slow
November 09, 2023  |  Banking

European banks are investing more in fee-generating operations while waiting for interest rates to fall. The European Central Bank is slowing the pace of interest...

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Bank of America CEO Predicts Soft Landing for US Economy
Bank of America CEO Predicts Soft Landing for US Economy
November 08, 2023  |  Economy

Bank of America CEO Brian Moynihan is reportedly optimistic about the U.S. economy and the bank’s growth prospects. Speaking Wednesday (Nov. 8) at the Reuters NEXT conference, Moynihan said he...

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Report: Ibotta Prepares for $2 Billion IPO
Report: Ibotta Prepares for $2 Billion IPO
November 02, 2023  |  IPO

Ibotta, the digital marketing software firm, is reportedly gearing up for an initial public offering (IPO) that could value the company at $2 billion or...

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LendingTree: Consumers Seek Loans but Credit Availability Has Contracted
LendingTree: Consumers Seek Loans but Credit Availability Has Contracted
October 31, 2023  |  Consumer Finance

LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the...

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