(Bloomberg) — U.S. consumer borrowing surged in November by the most on record, reflecting outsize increases in credit-card balances and non-revolving loans. Total credit jumped $40 billion from the prior month after a revised $16 billion gain in October, Federal Reserve figures showed Friday. On an annualized basis, borrowing increased 11%. The November gain exceeded […]
Read More5 money moves to make before the Fed starts raising interest rates to fight inflation Chairman Jerome Powell (pictured) and the other policymakers at the Federal Reserve just said again, after their recent December meeting, that they’ll keep holding a key interest rate near zero. But only for now. The officials also indicated that they […]
Read MoreBuy Price: $680 or better Sell Price: TradersPro Sell Signal Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. The stocks founds in the One […]
Read MoreBuy Price: $60.00 or better Sell Price: TradersPro Sell Signal Regional Management Corp, a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. It offers small and large installment loans; retail loans to finance the purchase of […]
Read MoreCompanies in this industry make unsecured cash loans to consumers. Global household debt exceeded $50 trillion in 2020, hitting a new record high of over $280 trillion of total global debt due to pandemic-driven factors, according to the Institute for International Finance’s Global Debt Monitor. In the US, total consumer debt (personal debt owed by […]
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