When it comes to credit card interest rates, the difference between big lenders and small lenders can be significant. According to a recent analysis by the Consumer Financial Protection Bureau, the nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions. This could mean substantial savings for the average
Recent data-driven spikes over the past two weeks have caused mortgage rates to soar to new heights, with the average rate on the 30-year fixed mortgage reaching 7.14%. This is the highest level in two months, marking a significant increase from the rates that were hovering around 6.6% in December. The sudden rise in rates
Starbucks, the renowned coffee giant, has recently introduced a new store design that aims to prioritize accessibility and inclusion. Breaking away from conventional approaches, this innovative design not only benefits individuals with disabilities but also enhances the overall customer experience. The first of these new stores debuted in Washington, D.C.’s Union Market, marking a significant
Insurance giant Swiss Re has reported a significant upswing in full-year profit, signaling a remarkable turnaround for the company. After a period of challenging years, they have now benefitted from what they describe as an attractive market environment. The Zurich-headquartered company posted a net profit of $3.2 billion for the full-year, marking a staggering 580%
After an agonizing four-year hiatus caused by the global Covid-19 pandemic, the Eastern & Oriental Express is finally back on track. Operated by the esteemed luxury travel company Belmond, this iconic train has been a symbol of opulence and elegance in Southeast Asia since its inception in 1993. Now, with a renewed sense of purpose
Over the past few years, a significant wealth disparity has emerged between younger and older Americans. A recent study conducted by the New York Federal Reserve reveals that the total wealth of Americans under 40 experienced an astounding 80% surge, amounting to $9.5 trillion, between the first quarter of 2019 and the third quarter of
The Biden administration has recently unveiled its proposal for a student loan forgiveness plan, targeting struggling borrowers who are in need of financial relief. After facing challenges with the Supreme Court’s conservative majority blocking his initial aid package last year, President Joe Biden and his team have been working to create a legally viable loan
Texas-based Intuitive Machines recently embarked on its historic moon mission, which could potentially lead to the first U.S. lunar landing in over five decades. The company’s Nova-C lander, named “Odysseus” after the legendary Greek hero, was launched aboard SpaceX’s Falcon 9 rocket, marking the beginning of the IM-1 mission. This momentous occasion has been described
Stellantis, the global auto giant, has recently released its financial report for the second half of 2023, revealing a 10% decline in profit compared to the previous year. This decrease can be attributed to a series of strikes that took place in the “Detroit Three” automakers and caused significant disruptions to production in Stellantis’ North
The U.K. economy experienced a setback as it slipped into a technical recession in the final quarter of last year, according to initial figures released by the Office for National Statistics (ONS). The U.K.’s gross domestic product (GDP) shrank by 0.3%, marking the second consecutive quarterly decline. While there is no official definition of a