In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment provider Precor. Plus, a survey from the Federal Reserve Bank of New York found that the consumer credit market took...
Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as the largest share since 2013 think they’ll be worse off this time next year, New York Federal Reserve figures show....
The Paycheck Protection Program (PPP) was intended to extend forgivable loans to businesses struggling to pay workers and stay afloat amid the coronavirus pandemic. Instead, small businesses in areas less affected by the crisis — like the midwest — are getting a disproportionately higher number...
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. However, credit card balances have dropped compared...
May 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. According to the latest data out of the New York Federal […]
March 06, 2023
After years of shortages, global supply chains have returned to pre-pandemic levels. That’s according to findings Monday (March 6) in the Federal Reserve Bank of New York’s monthly Global Supply Chain Index (GSCPI), which shows supply chain pressures dropping even as consumers brace themselves for a long period of high retail prices. “Global supply chain […]
May 06, 2020
The Paycheck Protection Program (PPP) was intended to extend forgivable loans to businesses struggling to pay workers and stay afloat amid the coronavirus pandemic. Instead, small businesses in areas less...
May 05, 2020
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC...
March 09, 2020
The coronavirus could have wide-reaching effects on medical facilities, eCommerce retailers, technology and the economy as a whole. Here are the latest updates on the coronavirus around the world. Hospitals...
