Finance
Fed Trims Key Rate Amid Growing Concerns Over U.S. Job Growth
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, making it the second rate cut this year...
The Economic Consequences of the Government Shutdown on Contracting Firms
Thousands of businesses that contract with the federal government are losing roughly $3 billion every week as the government shutdown continues, according to a report...
Energy Stability and Technology Investments Fuel U.S. Economy
The latest data available shows the U.S. economy growing at a solid pace, with GDP increasing by 3.8% in recent reports. This growth reflects a...
Rising Missed Payments for Car Loans Puts Pressure on Lower Income Americans
Inflation and a challenging job market are increasingly placing strain on lower-income Americans trying to keep up with their car loan payments. Recent data indicates...
U.S. Mortgage Rates Drop Near Their Lowest Level This Year
The average rate on a 30-year U.S. mortgage has dropped to 6.27%, slipping slightly from 6.3% last week and inching closer to its lowest level...
How the IMF’s New Outlook Reflects a Resilient Global Economy
Global growth is set to slow slightly in 2025, according to the latest outlook from the International Monetary Fund (IMF). The organization has adjusted its...
Government Shutdown Leaves Wall Street Without Jobs Data and Creates Uncertainty
Wall Street finds itself navigating uncertain waters as the federal government shutdown has halted the release of official jobs data, removing a crucial economic indicator...
The Impact of the End of the Federal EV Tax Credit
The electric vehicle (EV) market in the United States is facing a significant shift following the expiration of the $7,500 federal EV tax credit. This...
Bango Sees Subscription Bundles Reshaping Banking Loyalty and Engagement
Nearly half of young adults aged 18 to 34 say they would switch banks for better subscription bundle offers, a new study from digital payments...
U.S. Heavy Truck Sales Signal Economic Slowdown
The latest data on heavy truck sales in the U.S. is sending a clear signal about the country’s economic trajectory. Sales of these vehicles, which...
