Americans facing increasing health care costs are being lured into using alternative debt financing products like medical credit cards and medical installment loans that can come with some costly side effects, the Consumer Financial Protection Bureau (CFPB) said in a report. These alternative debt instruments can carry interest rates above 25%,…

New Zealand’s gross domestic product fell 0.1% in the first quarter, according to government data published Thursday, as its central bank embarked on one of the most aggressive rate hike cycles in the world.The latest data from Wellington marks a technical recession for the economy, after reporting a revised 0.7%…

Attorney General Merrick Garland on Wednesday defended the special counsel who pursued criminal charges against Donald Trump, his first public remarks on the former president’s indictment.Garland, however, declined to go in to further detail about the prosecution of the former president over his handling of classified documents.”As you know, I…

The Federal Reserve is taking its first pit stop after 10 consecutive rate hikes aimed at bringing inflation down from what was a 40-year record high. Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have had on the…

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The Federal Reserve’s decision to keep interest rates unchanged and their projection of potential rate hikes later this year have significant implications for the financial markets. As the US central bank responds to a stronger-than-expected economy and a slower decline in inflation, investors are closely monitoring the impact on various asset…

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Investment Thesis Modine Manufacturing Company (NYSE:MOD) designs and manufactures engineered heat transfer systems and components for use in on- and off-highway original equipment manufacturer (OEM) automotive applications. Over the last year, the company has seen exemplary performance as marked by record financial performance both in Q4 and 2023 FY, with…

The Federal Reserve signalled its support for two more interest rate rises this year, including one that could be implemented at its next meeting in July, even as it skipped an increase for the first time in more than a year. At the end of its two-day gathering on Wednesday,…

A Senate panel on Wednesday zeroed in on a Democratic-led bill that would implement a range of ethics and transparency reforms at the Supreme Court, with a pair of experts urging passage of the legislation to address a “crisis” at the high court. “If the Supreme Court isn’t going to…