Even as federal regulators crack down on payday loans, another form of short-term credit for low-income Americans is staging an unexpected comeback.
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Bond-market doubts grow over gridlock as cure for deficit angst
A split Congress has often been a bullish recipe for Treasuries. Benchmark 10-year yields have been lower on average one and 12 months after midterms that produced such a result.
Consumers’ financial vulnerability hits record high: Report
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
Bank economists see continued growth, persistent inflation
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.
How banks are navigating the AI data center backlash
JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
Hiring shortfall leaves all options open for Fed
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
