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!
- Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's "Fast Money" on Monday.
- This is the easiest way for newbies to start investing, financial experts say
Target-date funds are the best option for novice investors looking for a simple, hands-off approach, according to financial experts.
- China kicks off the year on strong note as retail, industrial data tops expectations
China on Monday reported economic data for the first two months of the year that beat analysts' expectations.
- Bitcoin may start to lose its reputation as a volatile asset. Here's why
"What's driving the bitcoin market right now is a simple demand-supply imbalance," Bitwise CIO Matt Hougan told CNBC's "ETF Edge" on this week.
- Bitcoin shows its volatility once again in steep overnight decline, now back below $70,000
Bitcoin is still up about more than 50% year to date, and the overnight drop came from near record highs.
- Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?
Calls for a wealth tax on the world's super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new "billionaire tax."
- Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.
- HSBC is 'very positive' about the future of China's economy, CFO says
HSBC is "very positive" about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank's CFO told CNBC.
- 'Take the emotion out of investing' during a presidential election year, strategist says. What to do instead
Trying to time the stock market during a presidential election year could cost investors. Here's how to stay the course.
- Here's when the Fed is likely to start cutting interest rates, according to investment strategists
The U.S. central bank will likely reduce its benchmark interest rate by 0.75 percentage points to 1 point this year and achieve a "soft landing," experts said.
- Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz's Trian Partners
JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned.
- Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.
- Citadel's Ken Griffin says the Fed shouldn't cut too quickly, citing big tailwinds supporting inflation
Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.
- Xiaomi is set to launch its electric car on March 28
Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.
- China's stock valuations are 'way too low,' strategist says — here's why
Valuations of Chinese stocks are "way too low," according to Shaun Rein, founder and managing director of the China Market Research Group.
- Bitcoin rises to another record, ether breaks through $4,000
Bitcoin extended recent gains and climbed to another record to start the week as ether hit a more than two-year high.
- Why Amtrak is attempting to revive the Texas Central bullet train
In 2023, Amtrak revived long-held hopes for a Texas bullet train, in an attempt to capitalize on $66 billion in federal funds for passenger rail upgrades.
- China's annual parliamentary meeting has ended. Here are the key takeaways
For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions."
- China's housing minister says real estate developers must go bankrupt if necessary
China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
- DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says
The newspaper said investigators have contacted passengers, pilots and flight attendants on the flight where a section of the plane ripped off midair.
- President Biden signs $460 billion spending bill to avert a partial government shutdown
On Friday, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week.
- Mega-cap tech stocks dominate many ESG funds. Here’s why
The top holdings of many ESG funds may be surprisingly familiar.
- China is making it much easier for foreigners to use mobile pay
Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, up from the previous limit of $500.
- Powell says the Fed is 'not far' from the point of cutting interest rates
Powell on Thursday indicated that interest rate cuts may not be too far off, if inflation signals cooperate.
- Bailing on the stock market during volatility is a ‘loser’s game,' financial advisor says. Here's why
Getting out of the stock market during periods of volatility may feel safer. But the math suggests investors often sacrifice big returns.
- NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
NYCB had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise, down from $83 billion it had as of Feb. 5.
- Watch Fed Chair Powell testify live before Senate Banking Committee
Powell is back Thursday on Capitol Hill, offering to the Senate Banking Committee his second day of congressionally mandated testimony.
- Watch: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.
- Why private equity has been involved in every recent bank deal
New York Community Bank's $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank.
- Stock market bubble? Analysts explain why they're not worried
Despite the heavy concentration of the U.S. market rally in expensive AI-focused tech stocks, Wall Street is not yet in bubble territory, analysts suggest.
- 5 Small Business Credit Pitfalls to Consider Avoiding
For small businesses, building a strong business credit foundation can be paramount to achieving success. It's not only about accessing funding and capital, but also about setting the stage for future growth and partnerships.
- How to Fund Your Business Using Banks and Credit Unions
Here's everything you need to know about securing a loan with favorable terms for your business.
- Self Credit Builder Review 2023: Build Credit and Savings
- How to Choose a Credit Card for Your Startup
When considering the best business credit card for you, take time to weigh the rewards and benefits of each one to determine which card will grow with your business and understand your needs.
- 5 Ways to Build Business Credit for a New LLC
Here are five tips for building business credit for your new LLC.
- What Are All the Credit Score Ranges? Here's Your Go-To Guide
Is your credit score good enough to lead the life you want? We explain the various credit score ranges and how to boost your financial stability.
- The 4 Biggest Difficulties Every Entrepreneur Faces
Here are some of the most common challenges entrepreneurs should expect to face, along with tips on how to overcome them.
- Finance Ministry Amends Credit Limits To Airlines Under ECLGS
As per reports, this is the second time the government has liberalized the scheme for aviation industry
- FincFriends Raises $1.1 Million In Third Equity Round
The fund raised will be used to embark on an organic growth trajectory by making key investments in current business offerings, expanding its geographical footprint to tier II and III cities and strengthening its lending portfolio
- Finverv Raises Pre-Seed Funding From Antler India
The fund raised will be used to build and strengthen the platform's functional teams and scale up partnerships
- Digital Lending Platform Abhi Loans Raises $4.5 Million
The fund raised will be allocated for technology development and the growth of the loan book
- Credit Fair Raises $10 Million In Seed Extension Funding
The company plans to utilize the fund to augment technology and deliver a superior customer experience at the point-of-sale
- Jai Kisan Raises $50 Million In Series B Funding
The fund raised will be used to expand the product suite, enhance the customer journey, accelerate the phenomenal growth of existing products, strengthen talent and boost data science and engineering capabilities
- Fintech SaaS Platform Fundflo Technologies Raises Seed Funding
The fundraise will help the company to invest in new technologies and come up with new offerings
- WonderLend Hubs Raises $1.6 Million Seed Fund
The fund raised will be utilized for completing the company's platform as a service transformation, strengthening sales and marketing, and building a delivery excellence framework
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.