“Inflation remained relatively moderate,” he said. “Visitor arrivals exceeded 11 million, providing certain support to the local retail, food and beverage, and transport industries.” The latest figures showed the number of visitors in the first three months of 2024 was more than double the number logged for the same period last year. The Tourism Board
Student loans and credit cards fuel spike in bankruptcy filings in Minnesota The stack of unpaid bills kept creeping higher for Jenny George of Red Wing, Minnesota. Despite a good-paying job with Goodhue County, George fell into a financial spiral due to rising costs, interest rates and a trip to the emergency room that blew
Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like Open Co, Nexoos and Gyra+ have exceeded 60%, prompting measures such as mergers, downsizing expansion plans and asset sales, Bloomberg reported Monday (March 27).
Pakistan’s newly appointed finance minister says the country plans to seek a long-term loan from the International Monetary Fund to help stabilize the country’s ailing economy after the end of the IMF’s current $3 billion bailout package March 22, 2024, 9:58 AM ET • 2 min read ISLAMABAD — Pakistan plans to seek a long-term
Federal Reserve Chair Jerome Powell’s implicit message to Wall Street on Wednesday was that the S&P 500 rally hasn’t yet gone on far enough and long enough to become a focus of monetary policy. Investors took the hint, propelling the S&P 500 to a record high. X ‘Buoyant Risk Assets’ About 20 minutes into Powell’s
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Bloomberg | Bloomberg | Getty Images The index factors in 100 indicators under five categories: business perception, economic fundamentals, financial services, institutional framework, and international standards and policy. Denmark ranked third on economic fundamentals which capture macroeconomic performance, workforce talent,
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The Federal Reserve meeting and AI events from Nvidia (NVDA) and Microsoft (MSFT) headline the coming week. X The stock market rally had a mixed week. The Dow Jones and S&P 500 were little changed while the Nasdaq and small-cap
Greece continues to have the worst performance in household credit, registering a consistently negative rate, which was -1.7% in January against a 0.3% increase in the eurozone, according to a report published on Thursday by DBRS Morningstar, focusing on the “slow production of new mortgage loans.” The rise in interest rates and high inflation have
Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. Gov. Greg Abbott called on state lawmakers Friday to try to limit Wall Street’s presence in the Texas housing market. As the nation’s housing affordability crisis continues unabated, lawmakers and housing advocates have
WASHINGTON (AP) — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her