Credit Card Losses Climb at the Fastest Rate Since the Great Recession of 2008

investopedia.com As consumers in the U.S. take out more loans and credit card debt reaches record levels, credit card losses for issuers have climbed in an “unusual rise” that could continue…

Own a big-spending, profitable business? The Chase Ink Business Cash card is worth a look

fortune.com Why we like this card: If your business is profitable and you have good to excellent credit, you can use the Chase Ink Business Cash® Credit Card to earn up to 5% cash back…

Airport lounges are getting nicer than ever, but harder to access

axios.com Airport lounges are once again becoming premium products, with higher barriers to entry but amenities more often matching the price of admission. The big picture: As travel…

How to Get the Best Foreign Exchange Rate

nytimes.com Using foreign money wisely requires understanding the going exchange rate with the U. S. dollar and practicing the following strategies to avoid excessive fees. The primary…

HiddenLayer raises $50M for its AI-defending cybersecurity tools

techcrunch.com HiddenLayer, a security startup focused on protecting AI systems from adversarial attacks, today announced that it raised $50 million in a funding round co-led by M12 and…

Why getting paid on Wednesdays makes me feel like I earn more

cnbc.com When I opened a bank account in college, I did no research. More than a decade later, I found that I was losing hundreds of dollars to hidden fees, prompting me to finally…

Are you a frequent traveler craving a credit card with flexible perks?

fortune.com Why we like this card: The Capital One Quicksilver Cash Rewards Credit Card combines a solid cash-back rewards system with travel perks, making this card a contender for…

Looking for a straightforward travel rewards credit card?

fortune.com Why we like this card: If you don’t want to deal with rotating categories and high spending requirements, the Capital One VentureOne Rewards Credit Card offers an…

Need a solid travel rewards credit card? Earn a whopping bonus with the Venture Card from Capital One

fortune.com Why we like this card: The Capital One Venture Rewards Credit Card offers a straightforward, competitive rewards structure and a significant sign-up bonus. Plus, it offers…

Some banks see new cracks forming in a resilient US consumer

aol.com Some banks are seeing new stresses among certain retail customers, hinting at challenges to come as a resilient US consumer navigates a series of challenges in the second…

Moody’s cuts U.S. banks on mounting funding costs, office exposure

financialpost.com Moody’s Investors Service lowered credit ratings for 10 small and mid-size United States banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New…

Nvidia AI partner Databricks raises $500M to achieve $43B valuation

cointelegraph.com Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe…

Bank of America Reports Rise in Charge-Off and Delinquency Rates

pymnts.com Bank of America is seeing more of its customers falling behind on their credit card payments. Both the net charge-off rate and the delinquency rate of the bank’s BA Master…

BuzzFeed Tasty Alum Alix Traeger Signs With CAA (EXCLUSIVE)

variety.com CAA has signed Alix Traeger, the popular food and lifestyle content creator, for representation. Traeger began her career working for Tasty, the Buzzfeed brand dedicated to…

Looking for a delicious addition to your wallet? The Capital One SavorOne Rewards card could fit the bill

fortune.com Why we like this card: The Capital One SavorOne Cash Rewards Credit Card could be a top consideration if your spending habits trend toward food and entertainment. Plus, it’s…

Looking for a terrific all-around cash-back credit card?

fortune.com Why we like this card: The Chase Freedom Flex℠ card has $0 annual fee, and users can earn a hefty 5% cash back on activated bonus category purchases each quarter (up to…

This Week In Credit Card News: A Proposed Cap On Credit Card Rates; Buy Now Pay Later Usage Doubled Since 2021

forbes.com Credit card companies should be barred from setting interest rates higher than 18%, a Republican lawmaker from Missouri proposed Tuesday. If passed, U.S. Senator Josh…

Top IPO Prospect Databricks Scores $43 Billion Valuation Thanks To $500 Million Funding Round Including AI Titan Nvidia

forbes.com Artificial intelligence and analytics firm Databricks announced Thursday it raised more than $500 million in a Series I funding round including a new strategic investor in…

HBCUs receives $124M to support enrollment, graduation and employment rates

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article The HBCU Transformation Project, a coalition of 40…

Nvidia and Capital One back Databricks at $43 billion valuation in latest funding round

cnbc.com As some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company…

Databricks raises $500M more, boosting valuation to $43B despite late-stage gloom

techcrunch.com Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. This round sticks out,…

New credit-card offers target a financially stressed customer base, not big spenders

theglobeandmail.com No savings to pay for the new iPhone 15? No problem. Rogers Communications Inc. RCI-B-T, the telecom giant with a side hustle in banking, offers a Mastercard that lets you…

Dentsu Study Finds Consumers Less Confident About Investing, Retirement Planning

mediapost.com While Americans consider themselves knowledgeable when it comes to financial matters, certain topics pose challenges and certain audiences feel less confident, according to…

Capital One Tries to Woo Travelers With Airport Lounges

pymnts.com Capital One is expanding its airport lounge chain in a bid to win cardholding travelers. As Bloomberg News reported Friday (Sept. 8), the lender just opened its newest…

Moody's downgrades US banks, warns of possible cuts to others

finance.yahoo.com Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's…