Balances for unsecured personal loans were also up over 26% in the first quarter compared to a year ago, TransUnion reported Thursday.
Earnings Outlook: Coach parent Tapestry’s stock soars as strong China sales boost earnings
The North American consumer is still a little wary of inflation, CEO tells analysts.
: Best Buy expands its paid membership options, but will shoppers go for them?
Retail and marketing experts are questioning if consumers will see the value in paying for the perks electronics giant Best Buy is providing.
: More than 193,000 tech-sector employees have lost their jobs since the start of 2023
LinkedIn is the latest tech company to announce layoffs.
: Alibaba and Nio stocks, and the ADS of other China-based companies get a boost after JD’s results
The ADS of Nio and Alibaba rallied Thursday, as did the shares of other China-based companies, in the wake of a big earnings beat from e-commerce giant JD.
The Tell: Why the debt ceiling standoff is a worry for insurance companies
Banks and insurance companies have time to come to grips with their large commercial real-estate exposure, but the clock is ticking on the debt-ceiling standoff, says Rich Sega, global chief investment strategist at Conning.
FA Center: You should always max out your 401(k) contribution, right? Not if taxes go up.
With steeper tax rates expected in coming decades, traditional advice deserves another look.
Washington Watch: Title 42 has expired. Here’s what it did, and what comes next for immigration policy.
Here’s a look at what comes in the wake of the expiration of Title 42, the pandemic-era immigration policy that lapsed Thursday night.
Economic Report: Mortgage rates fall in latest week. Economists say this could mark the start of a decline in rates in 2023
The 30-year mortgage rate is averaging at 6.35%, Freddie Mac said Thursday.
Retail Stocks: Adidas finally reveals its plan for millions of unsold Yeezy shoes: sell them for charity
Adidas won’t destroy its Yeezy inventory worth over $1.2 billion, after all, but will instead sell the shoes and donate the proceeds
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