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Credit Agricole to Meet Targets Early
Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year.The Wall Street Journal - World -
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.MarketWatch - Business -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - World -
Medical Debt Shows Up Less Often on Credit Reports
But the Consumer Financial Protection Bureau said 15 million people still had medical bills in their files, which can make it hard to qualify for loans.The New York Times - Business -
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of ...The Hill - Politics - Joe Biden -
Manchin blasts leeway in Biden’s EV tax credit rule: ‘Outrageous and illegal’
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much leeway for batteries containing Chinese materials. “The ...The Hill - Politics - Joe Biden -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
The No. 1 credit card myth that 'just will not seem to die'—why you shouldn’t fall for it
Believing this myth about credit cards could actually harm your credit score in the long run. Here's why people tend to fall for it anyway.CNBC - Business -
US loosens some EV battery rules, potentially increasing tax credit eligibility
West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to ChinaABC News - Top stories -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Eurozone Jobless Rate Still at Record Low
The eurozone’s unemployment held steady in March, a sign of the robustness of the bloc’s jobs market that might be of concern to the ECB as it focuses on the impact of sticky wage growth.The Wall Street Journal - World -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World