In a notable shift in travel partnerships, Delta Air Lines has announced its decision to link its SkyMiles loyalty program with Uber, effectively ending its eight-year alliance with Lyft. This strategic transition reflects Delta’s commitment to enhancing customer experiences during travel, particularly as air travel continues to rise, leading to increased competition among airlines for
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As the mortgage market continues to evolve, borrowers are feeling the impact of increasing interest rates. Mortgage rates have risen for the fourth consecutive week, pushing mortgage demand to new lows. According to the Mortgage Bankers Association (MBA), total mortgage application volumes plummeted by 3.7% compared to the previous week, reflecting a broader trend where
As 2025 unfolds, a concerning trend regarding consumer debt in the United States is becoming increasingly evident. A recent Bankrate report highlights that 48% of credit card holders now find themselves accruing debt that they carry over from month to month. This figure represents a notable increase—up from 44% at the beginning of 2024. Understandably,
As the calendar flips to 2025, many Americans are greeted with their first paycheck of the year. For some, there may be a noticeable change as a result of new federal tax law adjustments. The Internal Revenue Service (IRS) recently announced its updated federal income tax brackets for the year, implementing an increase in thresholds
In a development that has raised eyebrows among economists and homebuyers alike, the UK housing market experienced a significant downturn in December, signaling a potential shift in the trajectory of property values. After nine consecutive months of growth, house prices fell by 0.2% from November to December, marking the first decline since March. Data released
The recent announcement of Michael Barr’s resignation as Vice Chair for Supervision at the Federal Reserve marks a significant turning point in U.S. banking regulation. His unexpected early departure, which comes amid a shifting political landscape favoring deregulation, opens the door to a potential new era of banking oversight that could significantly benefit financial institutions.
Stellantis is at a pivotal crossroads with the redesign of its Ram heavy-duty truck lineup. Following three consecutive years of sales decline, the automaker is looking to regain its footing in the competitive pickup market with the refreshed Ram 2500 and 3500 models. These trucks have undergone significant aesthetic and mechanical improvements, offering prospective buyers
In a significant step towards alleviating the financial burdens faced by millions of Americans, the Consumer Financial Protection Bureau (CFPB) has enacted a new rule that stands to remove approximately $49 billion in medical debt from credit reports. This action is poised to affect around 15 million individuals, offering them a chance to rebuild their
In a notable development in the retail industry, the iconic jeans brand True Religion has been acquired by Acon Investments and SB360 Capital Partners, affiliated with American Eagle. The acquisition marks a significant chapter for True Religion, a brand that has experienced both highs and lows since its inception. The vision for its future under
In a significant leap towards global expansion, DLocal, a Uruguayan fintech company with a strong focus on cross-border payments, has recently attained a payment institution license in the United Kingdom. This authorization from the Financial Conduct Authority (FCA), the regulatory body overseeing the financial services in Britain, is poised to enable DLocal to onboard U.K.