Stale Loans Drive Rise in Credit Card Delinquencies, New York Fed Reports
Business & Markets • 2 months ago
Despite stabilizing new delinquencies, a growing pool of older, charged-off debt is pushing overall credit card defaults higher.
Business & Markets News
Stale Debt Drives Rising Credit Card Delinquencies, New York Fed Says
Business & Markets • 2 months ago
A growing portion of delinquent credit card balances are older, charged-off loans, according to the New York Fed.
Investor Fascination with 'Shooting Star' Companies Examined
Business & Markets • 2 months ago
Analysis explores why investors are drawn to rapidly rising yet often unsustainable companies, alongside other market insights.
U.S. Natural Gas Futures Hold Gains Amid Hotter Weather Outlook
Business & Markets • 2 months ago
Futures remain elevated as a warmer near-term forecast supports demand expectations.
Lab-Grown Diamond Engagement Rings Available Online From Multiple Retailers
Business & Markets • 2 months ago
Consumers can find a variety of styles and price points for lab-grown diamond engagement rings from brands including Brilliant Earth, With Clarity, Quince, Ritani, and VRAI.
Private Credit Lenders Tighten Terms Amid Rising 'Shadow Defaults'
Business & Markets • 2 months ago
Firms are restricting loan sweeteners and increasing scrutiny due to concerns about delayed interest payments on billions in loans.
Shein Eyes Hong Kong IPO at Sharply Reduced Valuation
Business & Markets • 2 months ago
The fast fashion giant is reportedly targeting a $22 billion listing, a significant drop from its previous $74 billion valuation goal.
Beyoncé Sued Over Alleged Unauthorized Sample on 'Renaissance' Album
Business & Markets • 2 months ago
Hirose Enterprise and producer Shuji Hirose claim a portion of the song 'Alien Superstar' infringes on their rights to John Holiday's 'Moonraker'.
Mexico Doubles Cruise Passenger Port Fee to $10, With Further Increases Planned
Business & Markets • 2 months ago
The fee hike is part of a phased plan expected to raise the charge to $21 by 2028, impacting popular destinations.