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Platforms, Private Credit Fund and Banks’ Fortunes Are Increasingly Intertwined
Private credit exists as an essential part of the capital spectrum, especially for firms that cannot get, or choose not to get, traditional bank channels. The private credit firms — including venture ...
Fed holds rates steady as it notes rising uncertainty and stagflation risk
The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December. The post-meeting statement noted the recent market volatility and how that is ...
Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Banks quickly raised interest rates to record levels and added new monthly fees on credit cards last year when a Consumer Financial Protection Bureau rule threatened a key revenue source for the indus...
Michael P. Lyons assumes leadership of Fiserv as CEO
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced that Michael P. Lyons has been appointed Chief Executive Officer of Fiserv. ...
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Gross domestic product fell at a 0.3% annualized pace, largely pushed by a surge in imports ahead of President Donald Trump’s tariffs. Imports soared 41.3%, driven by a 50.9% increase in goods. Import...
More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says
A Lending Tree survey found 25% of buy now, pay later users are funding grocery purchases with the loans, up from 14% in 2024. The survey said 41% of respondents said they made a late payment on a BN...
China may shift from US Treasurys toward gold, crypto — BlackRock exec
Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs. I...
This top U.S. economist puts the chance of a ‘stagflationary’ recession at 65%
A leading economist contends a recession is now more likely than not due to the Trump administration’s trade wars, and that the U.S. could suffer the biggest “stagflationary” shock in decades. “We may...
As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys, with the dollar index weakening more than 9% so far this year, and analysts see more declines.
The drop i...
Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially high’ start, Chicago Fed chief says
Chicago Fed President Austan Goolsbee said Sunday that President Donald Trump’s tariffs are causing U.S. business owners to stock up on inventories. “Preemptive purchasing” by businesses, as well as c...