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Debt collectors, payday lenders collected over $500 million in federal pandemic relief

More than 170 of those recipients have been named in multiple consumer complaints, racking up at least 100 with the Consumer Financial Protection Bureau, according to The Washington Post’s analysis......»»

Category: topSource: washpostJan 15th, 2021

Europe Markets: European stocks slide as fears over lasting coronavirus hit to economies rise

European stock markets fell on Wednesday, taking a cue from sharp losses on Wall Street amid concerns investors have been too optimistic over the length of time it will take for economies to crawl back from the coronavirus pandemic......»»

Category: topSource: marketwatchMay 13th, 2020

Treasury yields rise as investors watch US-China relations, economic reopening

U.S. government debt prices were slightly lower Tuesday morning as tensions ratcheted up between Washington and Beijing, while states looked to reopen economies amid fears of a second wave of coronavirus infections......»»

Category: topSource: moneycentralMay 5th, 2020

Market Snapshot: Dow attempts to bounce back a day after coronavirus fears fueled a 3,000-point plunge

U.S. stock futures rise Tuesday morning in choppy trade, with markets attempting to stage a rebound a day after the Dow logged a 3,000-point loss amid fears that the coronavirus pandemic could last longer than expected in the U.S......»»

Category: topSource: marketwatchMar 17th, 2020

IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

The latest bout of Middle East turmoil has ratcheted up fears that.....»»

Category: smallbizSource: nytApr 15th, 2024

Bond Report: 10-year Treasury yields tilt lower, with stocks set to face pressure to start the week

U.S. government bond yields edge back Monday morning after a period in which the 30-year Treasury bond put in its largest weekly rate rise in about two months amid rising inflation fears......»»

Category: topSource: marketwatchMay 17th, 2021

Americans are finally opening their wallets, putting on their glad rags — and getting ready to splurge

Exhaling after more than a year of pandemic-related restrictions, consumer confidence is on the rise......»»

Category: topSource: marketwatchMay 15th, 2021

Americans are opening their wallets, and ready to splurge (mostly on one thing)

Exhaling after more than a year of pandemic-related restrictions, consumer confidence is on the rise......»»

Category: topSource: marketwatchMay 12th, 2021

Consumer prices rise in April, stoking worries about an overheating economy

The Biden administration and Federal Reserve have waved off fears of out-of-control inflation, saying that bumps in prices will be temporary and won’t pulse through the whole economy......»»

Category: topSource: washpostMay 12th, 2021

Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers." John Minchillo/ AP Richard Cordray, former head of the CFPB, is set t.....»»

Category: topSource: businessinsiderMay 3rd, 2021

AmEx sees drop in revenue as pandemic slows travel, dining

American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt......»»

Category: topSource: foxnewsApr 23rd, 2021

: Debt collectors looking to evict renters must notify them of CDC eviction moratorium, regulator says

The Consumer Financial Protection Bureau has issued a new policy designed to strengthen the national eviction moratorium......»»

Category: topSource: marketwatchApr 19th, 2021

Predatory debt collectors would be barred from government’s pandemic relief loans under new bill

Debt collectors already have gained more than $520 million in loans from the Paycheck Protection Program. The bill would bar debt collectors that have been sanctioned from participating any more in the program......»»

Category: topSource: washpostApr 7th, 2021

China manufacturing rebounds in March amid tech, virus risks

Chinese manufacturing has rebounded to above pre-pandemic levels in most industries but consumer and export demand have been slower to recover.....»»

Category: topSource: foxnewsMar 31st, 2021

Bond Report: 10-year Treasury yield marks biggest daily jump in over three months

U.S. Treasury yields rise Tuesday, starting the holiday-shortened week on a bearish footing as traders flee from longer-dated government bonds amid expectations for vaccines and fiscal spending to power the economy through the pandemic......»»

Category: topSource: marketwatchFeb 16th, 2021

Bond Report: 10-year U.S. Treasury yield surges to highest levels in a year

U.S. Treasury yields are on the rise Friday, amid worries that pent-up inflationary pressures may hurt the value of longer-dated debt......»»

Category: topSource: marketwatchFeb 12th, 2021

AMC sees opportunity to raise more capital amid trading frenzy

The Leawood theater owner may consider issuing more stock and engaging in more debt-for-equity swaps as it looks to build up its financial cushion to ride out the pandemic......»»

Category: topSource: bizjournalsJan 29th, 2021

California hospital lobbyist sees Capitol clout rise amid pandemic, drawing scrutiny

Carmela Coyle, who represents California's hospitals .....»»

Category: topSource: latimesJan 26th, 2021

Earnings Results: United Airlines posts nearly $2 billion in quarterly losses

United loses nearly $2 billion in its fourth straight quarter of losses amid pandemic-related travel restrictions and fears......»»

Category: topSource: marketwatchJan 20th, 2021

Procter & Gamble sales surge fuels jump in profit

Cincinnati-based consumer goods giant Procter & Gamble saw a surge in sales amid the continuing coronavirus pandemic, which led to nearly $4 billion in profit in its most recent quarter. Consumer spending fueled by Covid-19 saw P&G (NYSE: PG) re.....»»

Category: topSource: bizjournalsJan 20th, 2021