Interest Rates

Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
March 20, 2023  |  Banking

The old adage is that a butterfly flaps its wings, and eventually, there’s a hurricane, far away. We may see the Butterfly Effect, as it’s...

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Interest Rates Have Most Consumers Changing Credit Card Habits
Interest Rates Have Most Consumers Changing Credit Card Habits
March 14, 2023  |  Credit Cards

Rising interest rates are making consumer credit card debt an increasingly expensive burden to carry. With the macroclimate already eating away at their purchasing power...

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Silicon Valley Bank Crisis Threatens FinTech Funding
Silicon Valley Bank Crisis Threatens FinTech Funding
March 10, 2023  |  Banking

In Silicon Valley, and specifically for smaller tech firms, the tremors threaten to become a quake. Just a day after Silvergate Capital said it would...

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Banks’ Market Values Plunge Thursday as Depositors Flee for Higher Rates
Banks’ Market Values Plunge Thursday as Depositors Flee for Higher Rates
March 09, 2023  |  Banking

Investors’ concerns about banks’ unrealized losses on securities caused financial stocks to plunge Thursday. Compared to the previous day, JPMorgan’s market value dropped by $22...

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Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
March 06, 2023  |  Loans

Business-focused hotels that survived the pandemic shutdowns are now facing other challenges. Difficulty accessing credit is among the problems they are coping with today, The...

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Banks Hike Rates as Deposits See Historic Drop
Banks Hike Rates as Deposits See Historic Drop
March 06, 2023  |  Banking

Banks are raising their deposit rates to woo back consumers from higher-yield alternatives. A move to things like Treasury bills and money market funds has...

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Merchant Cross-Border Expansion Starts With Localized Payments
Merchant Cross-Border Expansion Starts With Localized Payments
February 28, 2023  |  Cross Border Commerce

The old adage, “When in Rome, do as the Romans do” is more relevant than ever when discussing retailer cross-border expansion. As inflation still looms...

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BigCommerce Shifts From Growth to Profitability as Interest Rates Rise
BigCommerce Shifts From Growth to Profitability as Interest Rates Rise
February 24, 2023  |  Retail

BigCommerce expects inflation and interest rates to slow its revenue growth this year. The Software-as-a-Service (SaaS) eCommerce platform said in a Thursday (Feb. 23) earnings...

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Carvana Says Used Cars Sales Will Drop Again in Q1
Carvana Says Used Cars Sales Will Drop Again in Q1
February 24, 2023  |  Earnings

After a crushing Q4 in which the country’s second-largest seller of used cars saw its unit sales and revenue drop more than 20%, Carvana said...

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