March 14, 2025

high interest rates

Finance

US economic growth for last quarter is revised up to a solid 3% annual rate

WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services —

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Loans

Opinion | Pledge for fairer and quicker Hong Kong loan access a needed shot in the arm

Small businesses and home mortgage borrowers are most exposed when high interest rates and falling asset prices combine to exert pressure on cash flow. Timely access to financial relief can make a difference to survival. Within the bounds of prudence, they need lenders to expedite eligible applications for accommodation and reflect temporary business conditions in

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Finance

Supply-chain finance programs seeing cuts as companies face high interest rates

Big companies including AT&T, Keurig Dr Pepper and Krispy Kreme are pulling back on a type of short-term financing that gives them more time to pay their invoices. Big companies including AT&T, Keurig Dr Pepper and Krispy Kreme are pulling back on a type of short-term financing that gives them more time to pay their

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