FRANKFURT (Reuters) – The European Central Bank still needs several more interest rate hikes to rein in inflation and it is not certain that rates could peak this summer, Bundesbank President Joachim Nagel said on Monday. The ECB has raised rates at the fastest pace on record in the past…

E very year for the Fintech 50, our annual list of the most innovative fintech startups, we evaluate hundreds of new companies that have never earned a spot before. Despite the rough patch many fintech entrepreneurs are going through with abundant layoffs and shrinking valuations, some standout founders led their…

From lenders targeting lower-income customers to a hotel reservation app that has branched into credit cards, eight personal finance companies made this year’s Fintech 50. C onsumer-facing startups have been among the hardest hit as the fintech industry has gone through the upheavals of shrinking market values and desperate moves,…

The recession everyone’s been worrying about is still a mirage—and there’s a good chance it won’t become reality for a long time yet. That’s given us a nice momentum play in one closed-end fund (CEF) throwing off an outsized 8.2% dividend. Here’s what I mean by “momentum” play: the stock…

Summer is here so it’s time for a mid-year financial checkup. With longer days and warmer weather, finances might be the last thing on our minds right now. Before we put on our sun hats and hit the beach, there are a few important financial steps to take to meet…

Investors frequently are told that they are long-term investors, so they shouldn’t worry about fluctuations in the markets. They are told to invest and hold for the long-term. But the data show that when you buy stocks makes a big difference in your long-term returns, according to Bespoke Investment Group.…

This week, the golf world was shocked when PGA Tour commissioner Jay Monahan announced that the PGA Tour and the Saudi-backed LIV Golf would merge. The businesses would be combined into a single for-profit entity, including the DP World Tour (the European PGA Tour). It didn’t take long for the…

The Gist of the Debt Ceiling Issue Enacted during World War I, the “debt ceiling” is the cap on how much the US government can borrow to meet its legal obligations. Because the US government runs a deficit yearly, the debt ceiling must be raised periodically, or the government will…

While Carolina Hurricane’s left wing Max Pacioretty may be lamenting his team’s early exit from the 2023 NHL playoffs, he still has plenty of reason to celebrate with the recent sale of his Las Vegas mansion. At $11 million, the deal is the most expensive in the exclusive neighborhood, The…

A bipartisan group of lawmakers led by Rep. Lance Gooden, R-Texas, is pushing legislation that would significantly reform the credit card industry with the purpose of fostering greater competition, prompting widespread outcry from a diverse coalition of banks, credit unions and advocacy groups. Gooden on Wednesday introduced the Credit Card…