Why credit card debt forgiveness is worth it even with more Fed rate cuts

How the Fed's rate cut and this week's election made for record-breaking market rallies

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - 7 hours ago

As Fed rate cuts continue, here’s where to find CDs that are actually increasing their yields

The general trend since September has been lower CD yields, but some are going in the opposite direction

Business - MarketWatch - 6 hours ago

S&P 500, Nasdaq close at records and extend postelection rally as Fed cuts rates

The S&P 500 and Nasdaq rose Thursday, extending Wall Street’s rally in the wake of President-elect Donald Trump’s victory, as traders weighed the latest rate cut from the Federal Reserve.

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - October 29

Fed Governor Waller sees need for 'more caution' ahead when lowering interest rates

Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.

Business - CNBC - October 14

Fed Governor Christopher Waller sees need for more caution when lowering interest rates

Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could ...

‘Positive’ medical debt credit reporting is a Trojan horse

Congress shouldn’t be fooled and let a Trojan horse hurt consumers by nullifying state laws and the CFPB’s effort to get medical debt off credit reports.

Politics - The Hill - Yesterday

Trump chooses Susie Wiles as White House chief of staff

President-elect selects his 2024 campaign manager in first appointment to a major role in his administration

World - Financial Times - 3 hours ago

U.S. forgives $4.5 billion in student debt for 60,000 public employees

The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.

Consumer Fears of Credit Card Delinquency Rise

A monthly New York Fed survey finds that while people felt generally positive about inflation, income, and jobs, fear of failing to make debt payments rose to a four-year high.

Business - Inc. - October 16

How to qualify for a credit card hardship program this November

If you can't pay your credit card bills, a hardship program could provide relief, but you'll need to qualify first.

The cautionary tale of Goldman and Apple’s credit card

Retail banking is not only harder than it looks but also heavily regulated by watchdogs who take their duties very seriously

Business - Financial Times - October 30

Economists see UK cutting interest rates more substantially as inflation pressures ease

Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.

Business - CNBC - October 22

South Korea inflation weakest in almost 4 years, sets stage for more rate cuts

World - Yahoo News - 3 days ago

Why raising more cash is a smart portfolio move — even with stocks at record highs

The key to long-term success in the stock market is to avoid taking on more and more risk.

Business - MarketWatch - October 19

Corporate debts mount as credit funds let borrowers defer payments

Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest rates

Business - Financial Times - October 14

Medical debt is hurting millions of credit reports — but now there’s a cure

Even responsible, prudent people can end up thousands of dollars in debt if they get sick or injured.

Business - MarketWatch - October 26

Southern Water at risk of debt default in event of further credit downgrades

Bond issue documentation shows UK utility under pressure over high financing costs

Business - Financial Times - 2 days ago

Barclays to Replace Goldman Sachs as Issuer of GM Credit Cards

The deal aims to expand Barclays’s consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.

Business - The Wall Street Journal - October 14

Worried about missing credit card payments? 4 things to do now

More Americans are worried about missing their credit card payments. If you're one of them, take these steps now.

Goldman and Apple fined $89mn over US credit card programme

Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

Business - Financial Times - October 23

Biden’s Student Loan Forgiveness Program Has Canceled Debt for Over One Million People

An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.

Top stories - The New York Times - October 17

Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives

Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.

Business - MarketWatch - October 25

Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin

The Biden administration introduced a proposal to deliver student loan forgiveness to millions of people experiencing devastating financial hardship.

Business - CNBC - October 25

Bank of Canada resorts to jumbo rate cut as growth falters

Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

World - Financial Times - October 23

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