The Federal Reserve left rates unchanged last week and signaled that only one cut is expected before the end of the year. That means anyone who carries a balance on their credit card won’t be getting much of a break from sky-high interest charges. “Consumers need to understand that the cavalry isn’t coming anytime soon, … Read more
This is the published version of Forbes’ CEO newsletter, which offers the latest news for today’s and tomorrow’s business leaders and decision makers. Click here to get it delivered to your inbox every Sunday. Even though it’s widely expected that the Federal Open Market Committee will not cut U.S. interest rates this week, all eyes … Read more
Personal loans play an important part in the financial landscape, providing individuals and businesses with the financing they need to fulfill their objectives. Effective loan management, on the other hand, necessitates a complete grasp of the loan lifecycle as well as the use of best practices at each stage. Personal loans are a useful instrument … Read more
Lenders examine myriad factors when reviewing your application for a personal loan to assess your eligibility and determine the interest rate you can receive. They want to lend money responsibly and make sure borrowers can afford to repay it, so they are cautious in their evaluations. The following are some important factors that affect the … Read more
The U.S. economy has remained remarkably strong. Boosted by a strong labor market, the country has continued to expand since the Covid-19 pandemic, sidestepping earlier recessionary forecasts even after a series of Federal Reserve interest rate increases. And yet, consumer sentiment recently sank to a six-month low. That disconnect is what Joyce Chang, JPMorgan’s chair of global research, calls a “vibecession.” … Read more
That’s not good news for people borrowing money, but it’s a great time to have savings accounts, says Ted Rossman, chief credit card analyst at Bankrate. “The biggest benefit is for savers,” Rossman says. “You can still get over 5% on a totally liquid totally federally insured savings account. The top one-year certificates of deposit … Read more
Although lenders provide personal loans with varying interest rates, some loans carry exceptionally high interest rates. Nonetheless, managing high interest on personal loans isn’t insurmountable. By prioritising strategies to reduce your interest burden, you’ll naturally discover methods to minimise the interest you pay on your loan. Here are several essential tactics to steer clear of … Read more
Hi, I’m James Tarmy, and I cover art and culture and real estate for Pursuits. Last year’s art market was—and I’m being nice here—very boring. Everything seemed stuck in neutral, with art fairs such as Art Basel Miami Beach doing … fine, and auctions weeks like the November evenings sales in New York also doing … Read more
Fuse | Corbis | Getty Images When you buy or sell a home, your real estate agent’s commissions can trim thousands of dollars off the sale price — but many consumers don’t realize you can negotiate those terms. Nearly a third, 31%, of homebuyers and sellers negotiated commissions with their agents, according to a new … Read more