Establishing the proper regulatory environment is essential; here’s what the territory needs to do.
NY Fed finds rising consumer debt amid some fraying for car loans
(Reuters) -Overall debt levels held by Americans rose modestly in the final quarter of last year on a healthy consumer sector, even as automobile borrowing faced some turbulence, the Federal Reserve Bank of New York said on Thursday. “Consumers are in pretty good shape in terms of the household debt landscape, largely driven by stable balances and solid performance in mortgage loans,” the bank said in a posting detailing the findings on its latest report on the state of household debt, this time for the fourth quarter of 2024. “However, for auto loans, higher car prices combined with higher interest rates have driven monthly payments upward and have put pressure on consumers across the income and credit score spectrum,” New York Fed economists wrote.
Ryder not counting on stronger freight market in ’25, so it touts broader trends
Ryder System’s outlook doesn’t see a lot of gains from a stronger freight market, so it is looking to more structural changes. The post Ryder not counting on stronger freight market in ’25, so it touts broader trends appeared first on FreightWaves.
Goldman Sachs Expands Its Crypto ETF Holdings
The Wall Street giant combined massive holdings in spot bitcoin and Ethereum funds with options positions in a fourth-quarter crypto ETF push, according to an SEC filing.
Crypto for Advisors: It's Tax Time
The 2024 tax year has come to a close, and tax filing season is now upon us. If you’ve been trading crypto, here are some key things you need to consider.
Dutch Bros Stock Sets All-Time High as Expansion, Same-Store Sales Lift Results
Dutch Bros beat fourth-quarter earnings and revenue estimates as it added new locations and had better-than-expected same-store sales.
Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
Inflation will fall to 2% by mid-2026 barring Trump tariff harm: study
As price pressures gradually ease, the U.S. economy will likely expand 2.3% this year and 1.8% next year, according to the Conference Board.
Deere Stock Slides as Sales Fall More Than Expected
Shares of Deere & Company dropped Thursday morning after the company's sales for the first quarter of fiscal 2025 fell well short of what analysts had expected.