Stocks close with gains, led by Dow as investors look for rate insight
U.S. stocks were higher on Wednesday, with the Dow leading gains and the S&P 500 setting a closing record, paced drugmaker Merck, while investors looked towards the next ...
The latest from John Pettit
A tale of two intelligences: How AI and human collaboration can transform lending
In the ever-evolving landscape of lending, the intersection of human judgment and artificial intelligence (AI) has become a focal point. The coexistence and co-development of these two forces is all ...
How credit unions can be recession ready
It’s been four years since the onset of the global pandemic and we are still feeling the economic whiplash. The result? A heightened regulatory environment around lending practices. Financial ...
Trade groups ask appeals court to block credit card late fee rule
The U.S. Chamber of Commerce, the American Bankers Association and state trade groups have asked a Texas federal appeals court to issue an immediate order delaying implementation of the ...
The extraordinary advantage of local
In 1973 a critic of mainstream economic thought was published in Small is Beautiful: A Study of Economics As If People Mattered by E. F. Schumacher. The author espoused a ...
Warren Buffett’s favorite market indicator is flashing red
The “Buffett Indicator” is flashing red. In 2001, Warren Buffett came up with what he called in Fortune Magazine “probably the best single measure of where [stock] valuations stand at ...
Visa, Mastercard, merchants reach settlement in interchange lawsuit
U.S. merchants, Visa, Mastercard and other financial institutions announced a settlement Tuesday in a lawsuit dating back to 2005 over credit card interchange fees. Visa and Mastercard will cap ...
Credit union acquisition of community banks rising, but still “small proportion of overall consolidation”
Conservative taxpayer organizations and banking trade groups say they have new ammunition in their argument that the credit union tax exemption is outdated. They are arguing that credit unions are ...