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2,123 results found
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The SBA released the application to have your PPP loan forgiven. Here's a breakdown of the long and complicated requirements.
Small business owners who applied for the Paycheck Protection Program (PPP) have a chance to have the loan forgiven by filling out the recently released Loan Forgiveness Application. Despite the new documentation, some business owners are in the dark about the process given the length of the application and stringent r
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US Fed governor opens door to half-point rate hike in March
WASHINGTON (AP) — Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional
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Credit crunch: How business leaders can navigate today’s lending environment
Commercial lending is showing mixed signals so far in 2025 amid tighter standards, particularly in commercial real estate. While interest rates have
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Credit Crunch: How Business Leaders Can Navigate Today’s Lending Environment
Commercial lending is showing mixed signals so far in 2025 amid tighter standards, particularly in commercial real estate. While interest rates have
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Estate planning is an important strategy for arranging financial affairs and protecting heirs — here are 5 reasons why everyone needs an estate plan
Summary List PlacementWhen you hear the word "estate," you might think of mansions, huge stock portfolios, art and antiques, and other pricey possessions like cars, yachts, and fine jewelry. The things high-net-worth individuals, especially elderly ones, own and leave behind them after they die. But estate planning isn
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If you lost your job and are struggling to make ends meet, it could be worth adding a note to your credit report
Your credit report is a snapshot of your finances, showing payment history and balances for all your past and current accounts. Whenever you apply for
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Low recession risk, faster growth, and unemployment at a 70-year low — here are Goldman Sachs' predictions for the US economy in 2020
Goldman Sachs is optimistic about the US economy in 2020. The Wall Street titan's economists expect growth to accelerate next year after suffering from the trade war in recent months. They predict unemployment will drop to its lowest level since the Korean War, and they put the risk of a recession at one in five. Goldm
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The labor market is the strongest it's been since the pandemic started - and setting up a huge boost to America's most crucial economic engine
Tumbling jobless claims signal the labor-market rebound is entering full swing as the US reopens. Improved hiring can boost consumer spending, which accounts for 70% of economic activity. Stimulus boosted retail sales higher in March, and a stronger labor market can lift spending further. See more stories on Insider's
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While all businesses are facing challenges due to
While all businesses are facing challenges due to high interest rates, inflation and staffing shortages, nonprofits have been hit especially hard.
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Why is LIBOR being discontinued?
LIBOR was introduced in the 1980’s as a benchmark interest rate that was intended to reflect banks’ average cost of short-term, wholesale unsecured borrowing. Over time, and particularly during the financial crisis that began in 2007, banks became less and less reliant on inter-bank lending. As a result, the number and dollar volume of transactions from which LIBOR was derived declined dramatically. To make up for this shortfall, LIBOR panel banks resorted to using “expert judgment” when submitting various rates used in calculating LIBOR. This left it susceptible to manipulation and fraud.
In 2017, the UK Financial Conduct Authority (FCA), the regulator for LIBOR, announced that after December 31, 2021, the panel banks would no longer be required to submit settings for LIBOR. (This has since been revised to June 30, 2023, for most LIBOR tenors.) This announcement effectively started the countdown to the end of LIBOR.