Hearst celebrates 135 years and new business ventures

Jul 26, 2022
CEO Steven Swartz highlights the media giant’s important, if little-known, stakes in automotive information and B2B operations.
CEO Steven Swartz says the media giant is having an excellent year and remains open to acquisitions: "We're a good home for entrepreneurs."
Daniel Barry/Getty Images

European Central Bank announces plans to raise its key interest rate

Jun 9, 2022
It'll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
The European Central Bank said Thursday it plans to start raising its key interest rate next month.
Daniel Roland/AFP via Getty Images

Double whammy: Credit card debt grows as interest rates rise

May 9, 2022
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
After paying down credit card debt for the past few years, Americans have gone back to high spending.
Joe Raedle/Getty Images

What the Fed’s rate hike means for one community bank

May 5, 2022
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
The Belltown Branch of Sound Community Bank, which is headquartered in Seattle, Washington.
Courtesy of Sound Community Bank

Why Fed might not be too upset when stocks fall

May 4, 2022
All major indices are down for the year. That's probably something the Fed isn't all that mad about.
If the value of people's stock investments go down, they may be less inclined to spend — at least a little.
Spencer Platt/Getty Images

Anticipated Fed interest rate hike already being felt

May 3, 2022
Mortgage rates, for example, probably already have the Fed hikes built in.
The Federal Reserve is planning to raise interest rates this week. If you're trying to take out a mortgage, chances are you're already feeling the effects.
Anna Moneymaker/Getty Images

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The Federal Reserve plans to shrink its balance sheet. Here's what that means.

May 3, 2022
The strategy is aimed at tightening credit and easing inflation. Purdue's Cathy Zhang worries about the effects on financial markets.
The Fed's balance sheet includes government and other debt securities the central bank bought to ease credit across the economy. Chair Jerome Powell's focus has changed to easing inflation.
Samuel Corum/Getty Images

Rising interest rates likely to make companies think twice before borrowing

May 2, 2022
Many have been on a borrowing spree through the past two years of low rates.
As the Federal Reserve prepares to raise interest rates again, businesses' borrowing habits are set to change.
Spencer Platt/Getty Images

Why taming inflation can take so long

Apr 12, 2022
There's a "long and variable lag" between monetary policy starting to control inflation and inflation responding in a substantial way.
Even with the Fed's interest rate hikes, curbing inflation might take a year, or even two.
Anna Moneymaker/Getty Images