Fed Gov. Bowman wants three interest rate cuts in 2025
The Federal Reserve has not approved an interest rate cut since before the Nov. 5 election, but one of its governors said she wants three rate »
Automotive Credit Corp, a Subprime Lender, Stops All New Loans
Automotive Credit Corporation (ACC), a 33-year-old regional auto lender specializing in subprime, has abruptly halted all new loan originations “indefinitely” effective immediately, citing “internal and external »
Marc Faber: The Asset Price Illusion Will Eventually Collapse
More than half of industries are already shedding workers, a ‘telling’ sign that’s accompanied past recessions, top economist says
Moody’s Analytics chief economist Mark Zandi followed up his earlier warning that the economy is on the brink of a recession. On Sunday, he pointed »
Wage garnishment on student loans could begin this summer
Millions of student loan borrowers could be facing wage garnishment by the end of August with collections starting within weeks, according to a report from credit »