Credit Scores

On Wednesday, the Credit Suisse shareholders approved a capital raise of 4 billion Swiss francs ($4.2 billion) for financing the embattled lender’s extensive strategic program. The first, which received 92% support from shareholders, grants shares to new investors, including the Saudi National Bank, through a private placement. SNB will acquire a 9.9% stake in Credit...

A cryptocurrency whale moved over 74,105 Bitcoin worth over $1.58 billion from a wallet shared on Blockchain.com. The BTCs were moved to wallets of unknown origin. There were two transactions in which the whale moved 50,562 BTC, valued at nearly $1.08 billion; another transaction involved 23,542 BTC, valued at about $505 million. In a series...

President James Bullard of the St. Louis Federal Reserve said Tuesday that he believes the economy can avoid a recession. However, he expects the central bank to maintain its rate hikes to keep inflation in check. “I think that inflation has come in hotter than what I would have expected during the second quarter,” the...

The world’s largest cryptocurrency exchange Binance is leading investors’ contribution to a bailout of victims involved in a $615 million digital coin theft, according to the company targeted in the heist. The company Sky Mavis based in Vietnam, which runs the game Axie Infinity, disclosed last week it had been hit by one of the...

Wednesday’s stock market fell slightly as markets struggled to sustain a rebound from earlier in the day. Additionally, traders weighed comments from Federal Reserve Chair Jerome Powell, who reiterated the central bank’s commitment to fighting inflation. The Dow Jones Industrial Average dropped 47.12 points, or 0.15%, to 30,483.13, slipping in the final hour of trading....

The chairman of the Federal Reserve, Jerome Powell, reaffirmed Friday the bank’s commitment to lowering inflation, saying it is essential to the global financial system’s stability. “The Federal Reserve’s strong commitment to our price stability mandate contributes to the widespread confidence in the dollar as a store of value. To that end, my colleagues and...

If you’re like most people, you probably don’t think about your credit score every day. However, it can impact your life in significant ways. That’s why it’s crucial to keep your score as high as possible. If you’re currently struggling with your credit, here’s how to raise your score in just one month’s time. Image...

At times, your credit score can seem like a fickle number, changing frequently and seemingly without warning. To best understand yours, it’s important to know what can damage it. Read on to learn about more than a dozen actions that could lead to poor credit, so you can make smart financial decisions and maintain healthy...

A low credit score can hold you back from accomplishing your goals. Luckily, you may be able to raise you score by 100 points or more by following these seven tips. The best part is these changes can make a positive impact on your score quickly. Read on to learn more. Image via Unsplash/Brooke Cagle...

If you subscribe to the “out of sight, out of mind” view of your credit score, you’re not alone. However, you could be setting yourself up for financial trouble down the road. Ignoring this all-important indicator of your financial wellness can negatively impact you in many ways. Read on for five specific reasons you should...