Tag Archives: Credit

[unable to retrieve full-text content]Stock market news today: Futures plummet amid Credit Suisse turmoil, retail data  Yahoo Finance Source link

The new year may bring higher interest rates that could increase credit card debt for many Americans. “If the Fed is going to raise rates another 100 basis points, one full percentage point, your credit card rate is going to go up one full percentage point,” Bankrate.com Chief Financial Analyst Greg McBride told Yahoo Finance Live (video above). “So this is really important. If you’re carrying a balance, now’s the time to take some action.” He advises credit card holders to increase their… Source link

Big news out of the federal government could be a big boon for certain automakers. The Treasury Department said yesterday it would delay releasing proposed guidance regarding the sourcing of EV batteries that are part of the Inflation Reduction Act’s (IRA) new $7,500 EV tax credit. The IRA’s rules regarding the EV tax credit require that $3,750 of the credit is only eligible if 40% of the value of the critical minerals in the battery have been “extracted or processed” in the U.S., or a… Source link

Big news out of the federal government could be a big boon for certain automakers. The Treasury Department said yesterday it would delay releasing proposed guidance regarding the sourcing of EV batteries that are part of the Inflation Reduction Act’s (IRA) new $7,500 EV tax credit. The IRA’s rules regarding the EV tax credit require that $3,750 of the credit is only eligible if 40% of the value of the critical minerals in the battery have been “extracted or processed” in the U.S., or a… Source link

FTX on Thursday said it will open a Tron credit facility to allow holders of TRX, BTT, JST, SUN, and HT to remove their assets from the platform. “As part of this agreement, we will be disabling Tron deposits for all users during this period. The only deposits will be the pre-announced deposits conducted weekly by the Tron Team. Initially, $13,000,000 of assets will be deployed to facilitate such swaps,” the exchange said. The development comes after founder of the Tron cryptocurrency network,… Source link

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

InvestigateTV – A study by financial comparison site Forbes Advisor analyzed thousands of credit-related search terms to see which is Googled the most. Here is the list in descending order: “What is a good credit score?” According to the most widely known credit score model FICO, a score between 670 and 739 is generally considered good. “What is APR?” APR or annual percentage rate is the amount you pay in interest each year on borrowed money. “How to build credit?” There are many… Source link

Beer and other concessions were free at Aviva Stadium at the Northwestern-Nebraska game in Dublin, Ireland, because all the credit card machines were down. And because the venue doesn’t accept cash and the machines can’t connect to Wi-Fi, workers at the game gave away as much as they could. How’s this for some Irish hospitality? The Omaha World-Herald, which was covering the event on-site, wrote that people were given “as many as he or she could carry in a cardboard drink carrier. One man… Source link

In a big win for Democrats, Senate passage of the Inflation Adjustment Act brings the bill to the House, where the bill is expected to pass. If all goes as planned, the legislation could be in front of President Biden to sign in as little as a couple weeks. For the automotive industry, a big piece of the legislation is the expansion of the $7,500 federal tax credit for EVs (electric vehicles), in which the cap on automakers to qualify for the credit — which currently is at 200,000 vehicles… Source link

(Bloomberg) — The ugliest year ever for US corporate-bond investors is expected to get uglier — and they only have the Federal Reserve to blame. Most Read from Bloomberg With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who responded to the MLIV Pulse survey said that tighter monetary policy is the biggest risk facing the corporate-debt market. Just 27% were more concerned that corporate bankruptcies will pile up over the next six… Source link