News
The Creditly News Page is the go-to news source for topics related to financial, business, and credit current events. From credit score news, credit articles, and more. The Creditly News page is updated throughout the day. Hence bringing you the latest and greatest personal financial news. Don’t forget to bookmark it!
- Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Stocks were under pressure for most of Friday's session as investors worried the economy could fall into a recession.
- Stocks making the biggest moves midday: Deere, Foot Locker, Palo Alto Networks and more
These are the stocks posting the largest moves in midday trading.
- The CEO of the world's second-largest alternatives firm is optimistic about a light recession
Bruce Flatt, CEO of Brookfield Asset Management, talked about inflation, the energy transition and Elon Musk.
- Rising fuel costs are a massive problem for business and consumers — Here's why they're so high
Consumers are grappling with record high gas prices, but the surge is also hurting businesses.
- Stocks making the biggest moves premarket: Foot Locker, Deere, DoorDash and others
These are the stocks posting the largest moves before the bell.
- Chinese electric car start-up Nio says supply chain disruption, not demand, is its biggest problem
Chinese electric car company Nio's biggest challenge right now is ensuring supply chain stability, CEO William Li said.
- Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Former Morgan Stanley Asia chairman Stephen Roach warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth.
- S&P 500 falls again on Thursday, inching closer to bear market territory
The broad market index was under pressure after experiencing its worst one-day drop since 2020.
- Why it's a good time for young investors to put money in the market
"These are the times that we should take advantage of the market's volatility and continue to invest," said financial advisor Anh Tran of SageMint Wealth.
- Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more
These are the stocks posting the largest moves after the bell.
- Tether claims its stablecoin is now partially backed by non-U.S. government bonds
Tether said it now owns around $286 million in non-U.S. government bonds.
- Stocks making the biggest moves midday: Cisco, Kohl's, CSX and more
Check out the companies making headlines in midday trading on Thursday, May 19.
- Inflation-fighting Fed isn't focused on impact of rates on stocks, Esther George Says
Central bank official noted that the Fed is looking to tighten financial conditions, and part of that is the stock market
- Stocks making the biggest moves premarket: Kohl's, BJ's Wholesale, Spirit and more
These are the stocks posting the largest moves before the bell.
- Jack Dorsey outlines Block's bitcoin-centric future at first investor day in five years: 'No longer just a payments company'
At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an "ecosystem" beyond the original card reader.
- Melvin Capital says it's winding down funds and returning money to investors during market turmoil
Melvin Capital, the hedge fund crushed last year after betting against GameStop, said it will unwind its funds and return cash to investors.
- Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys
See which stocks are posting big moves after the bell.
- Stocks making the biggest moves midday: Target, Lowe's, TJX and more
These are the stocks posting the largest moves in midday trading.
- Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns
Parents and caregivers are paying exorbitant prices for baby formula that never arrives, according to the Federal Trade Commission.
- Goldman Sachs CEO advises clients to be cautious because Fed policy has unpredictable consequences
Rising prices for raw materials, continuing supply chain issues and the Fed's tightening monetary policy has damaged the confidence of corporate executives.
- Bitcoin production roars back in China despite Beijing's ban on crypto mining
New research from the Cambridge Centre for Alternative Finance shows that Chinese bitcoin mining activity has quickly rebounded.
- Stocks making the biggest moves premarket: Target, Walmart, Carrier Global and others
These are the stocks posting the largest moves before the bell.
- Americans are more stressed about money than ever, and it's hurting our mental health
- Goldman Sachs cuts its China GDP forecast to 4% on Covid controls
Goldman Sachs analysts cut their forecast for China GDP to 4% after data for April showed a slump in growth as Covid controls restricted business activity.
- Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
- JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
The disapproval was the first time JPMorgan's board suffered a down vote on compensation since "say on pay" measures were introduced more than a decade ago.
- Robinhood to let users hold their own crypto and NFTs as it reaches for growth beyond stock trading
Robinhood will launch a stand-alone app that lets users custody their own cryptocurrencies and NFTs, putting it squarely in competition with Coinbase.
- Stocks making the biggest moves midday: Walmart, Citigroup, Paramount and more
These are the stocks posting the largest moves in midday trading.
- Garage-door maker employees get cash reward in takeover as private equity tests ownership model
In Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, C.H.I. Overhead Doors.
- Coinbase to slow hiring amid plunge in cryptocurrencies and tech stocks
Coinbase told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its workforce in 2022.
- In a Land of Entrepreneurs: Is America Doing Enough for Refugees and Immigrants?
Immigrants are more likely to start businesses than members of the native population. But to do so, they first need credit.
- Nubank allocates US$650 million to expand its expansion in Mexico and Colombia
Today, the company has around 54 million clients at a regional level and is already the main issuer of credit cards in Mexico.
- 3 Credit Secrets Millionaires Use as Leverage
Time-tested ways to make yourself a better loan candidate.
- How You May Be Sabotaging Your Ability to Procure Funding
Here are six ways to improve your "lending dating profile."
- 3 Tips for Young Entrepreneurs on the Power of Credit
Consistent on-time payments are usually more important than income.
- Help Build Your Credit and Savings in 2021 with This App
No matter what you're saving for, you'll need good credit.
- A Beginner's Guide to Qualifying for an SBA Loan
Know what you're getting into before you start the process.
- What Franchises Should Look for In a Bank
Industry vets offer up advice on finding the financial and lending partner that works for your business.
- 5 Mistakes That Sabotage Your Company's Bank Credit Score
Yes, there are many types of creditors from which you can get funding for your business. But here's why good bank credit is one of the most important.
- 5 Tips for Securing the Business Credit You Need to Start and Scale Your Business
Want to bootstrap your business? You are going to need a solid financial foundation.
- Five Ways to Finance a Franchise
Franchisees share how they pulled together the cash to open their own franchise.
- See Your Credit Score Jump Up Dramatically With These Easy Tips
By making an effort to pay outstanding balances and prevent debt from piling up, you will see a difference in your credit.
- Should You Keep Your Credit Frozen Now That It's Free?
Here are some pros and cons to consider.
- Term Loans vs. Lines of Credit: Which One Is Right for Your Business?
With so many business financing options, it can be overwhelming to know where to start.
- Work it Step-by-Step to Get a Better Business Loan
Smaller business loans are great stepping stones toward bigger, less-expensive financing in the future.
Your personal finance is important, take it seriously. Creditly is here to answer your questions, help you check your credit scores, review your credit report, and keep on top of your finances. Understanding how the banking world works is half the battle. Navigating and managing your credit will keep you moving forward toward succes. Only on Creditly News.