Money
Why Capital One’s proposed $35 billion deal to buy Discover Financial may transform banking for the paycheck-to-paycheck economy
If Capital One’s $35b Discover bid is approved, it creates a formidable rival to American Express, Visa, and Mastercard
This Bloomberg chart of Core CPI inflation says a lot. Inflation way down from post-pandemic peak, but still way above historical norms.
43% of people using buy now pay later (BNPL) cards say they'd delay a purchase or buy cheaper product if BNPL wasn't available. Now these firms are adding subscriber fees.
Credit card balances jumped $48b in 3Q23 and rates on credit card balances topped 20%, which drove up late payments
This property valuation graphic from Bloomberg Billionaires Index shows Trump properties boosting his net worth.
Social Security cost-of-living adjustment will be 3.2% in 2024, well below 2023 record-setting increase of 8.7%. Here's a CNBC chart of biggest & smallest annual cost-of-living increases over the past 20 years.
CPI inflation 3.7% as of Aug 2023, and 4.4% if you exclude food and gas. Here’s all of it in 1 chart
A spike in gasoline prices was largely responsible for a 3.7% annual increase in the consumer price index for August 2023. And here's a single view of all the items comprising inflation as of August 2023
A Thumbtack survey of workers age 18-30 showed encouraging positivity about careers in skilled trades like home building and renovating. Here are a few key findings.
Wealthy clients discussing investments with Morgan Stanley financial advisers can soon elect a chatbot listen in follow up with recommendations. How does it work? Will people be open to this?
Since March 2020, the interest rate on federal student loans was set to zero. That ends Sept. 1. Here’s how it’ll play out.
Credit Karma and The Harris Poll surveyed U.S. adults on student loan payments resuming in October, and there are some grim results. Here are details.
By working with, rather than against, the established banking system, Apple stands to redefine the marketplace, all without the risk of overstepping or over-extending its core competency. Starbucks and Uber are joining the party too.
U.S. Department of Education says student loan payments "will be due starting in October” to comply with provision in debt ceiling deal. Supreme Court may rule in June on student debt forgiveness.
Core CPI inflation still high at 5.3% because rents are 8.7%. But new leases coming down (chart) so inflation and mortgage rates should follow.
