A larger number of U.S. consumers are having a tough time paying off credit card dues every month in an environment of elevated inflation, with those making lower income less likely to clear their debts while accruing greater interest payments. Roughly 46 percent of credit card holders do not pay off their dues in full…
Americans Finding It Difficult to Pay Credit Card Dues on Time, as Delinquency Rises Amid All-Time-High Interest Rates
Ottawa to Permanently Eliminate Student Loan Interest
Ottawa plans to make permanent its pandemic-era pause on student loan interest in an effort to reduce some of the current financial pressures on young Canadians as the cost of living rises. As part of its fall fiscal update tabled Thursday, the federal government outlined plans to permanently eliminate interest on all federal student loans and…
UBS Plans More Share Buybacks as Wealth Management Shines
ZURICH—UBS struck a confident tone on Tuesday, reaffirming key financial targets and pledging more share buybacks next year, buoyed by higher interest rates and strong wealth management inflows. The world’s biggest wealth manager reported a smaller-than-expected 24 percent slide in third-quarter net profit, with lower costs and rising interest income helping to mitigate the impact…
Bank of America Beats Profit Estimates as Interest Rates Climb
October 18, 2022
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Bank of America Corp. on Monday reported a smaller-than-expected 9 percent drop in quarterly profit, as its interest income was bolstered by rising interest rates that offset a slump in investment banking. The U.S. Federal Reserve’s aggressive move to tighten monetary policy this year to tame inflation has boosted the amount that banks can earn…
Wall Street Slips on Aggressive Rate Hike Worries
Wall Street’s main indexes slipped for the third straight day on Monday led by declines in health care and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession. Five of the 11 S&P 500 sectors were down in early trading. Health…
Best Clarifying & Hydrating Toners for Oily, Combo, Acne-Prone, Dry, & Sensitive Skin!
August 6, 2022
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We’re coming back with more toners for your everyday routine, and for all skin types! Last time we talked all about chemical exfoliating toners for acne, whiteheads, and blackheads! Today, we continue on the toner quest and find more amazing ingredients to look out for to give us that dewy, glowing, and lit-from-within skin! You’ll…
Savings Are Slowly Dripping Away as Deposit Interest Lags Far Behind Inflation
The savings accounts of Canadians have sprung a leak. As inflation tops eight percent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around one percent, haven’t kept up. “They will lose money. The value of…
Beyond Meat, Canoo, Veru and More: 12 Short Squeeze Candidates to Watch
One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. S3 Partners analyst Ihor Dusaniwsky has just released a list of potential short squeeze stocks based on S3’s proprietary Squeeze Score rating The Squeeze Score incorporates S3’s Crowded Score, a…
Fed’s George Sees Policy Interest Rate Near 2 Percent by August
May 24, 2022
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Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to about 2 percent by August, with further action dependent on how both supply and demand are affecting inflation. “Fed policymakers have emphasized a commitment to act expeditiously to restore price stability,…
JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference
JPMorgan Chase & Co. presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge. Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between…
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