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5 mins read
I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
Kerri Gibson quit her tech job in 2017 and pivoted into real estate investment. Instead of being a …
Charissa Cheong
7 mins read
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
2 mins read
The odds of Russia's economy collapsing are 'extremely small' and the war can go on for the long term, economist says
Russia can fight the war in Ukraine indefinitely as its economy has adapted and is now stable, an e…
Jennifer Sor
2 mins read
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
2 mins read
HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
4 mins read
Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans
The Federal Reserve is expected to finally announce interest-rate cuts this week. Here's everything…
Madison Hoff,Ayelet Sheffey
4 mins read
A New York City Airbnb host was shut down under the short-term rental law. He's now renting his basement illegally on Facebook and making crucial income after he was laid off.
A couple in Astoria, Queens, rented out their basement on Airbnb for years. New city regulations ha…
Eliza Relman
3 mins read
I was drowning in $370,000 of student loan debt with my salary as a teacher. Then, it was all forgiven.
A woman with a Ph.D. and $370,000 in student loan debt struggled to pay down her loans. She cried w…
Sarah Graves
3 mins read
A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.
The Philadelphia Fed found that having a $0 monthly student-loan payment helps borrowers who need i…
Ayelet Sheffey
6 mins read
Meet the Roadmap Generation: High-achieving Zoomers are taking an aggressive, long-term approach to planning their careers
Meet the Roadmap Generation: A professional cohort of recent graduates and early-stage careerists w…
Erin Snodgrass
3 mins read
Loans against mutual funds may come at a lower interest rate, but experts urge caution
When in need of money, especially at short notice, a personal finance loan is one option. However, …
10 mins read
Meet the millennials who got student-loan forgiveness and now have the freedom to save for retirement, grow their families, and consider going back to school
BI spoke to millennials who received student-loan forgiveness over the past few years due to Biden'…
Ayelet Sheffey,Katherine Tang…
3 mins read
A boomer on short-term disability isn't required to make student-loan payments right now. Her servicer took out $200 from her bank anyway.
Amy, 59, knew her student loans should not be in active repayment while pursuing her teaching certi…
Ayelet Sheffey
3 mins read
Former IDBI GM conspired with Vijay Mallya over short term loan to Kingfisher Airlines: CBI
A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disb…
PTI
1 min read
Trump Media is up 92% since launching a crusade against short sellers
Trump Media stock has nearly doubled since mid-April, when the company posted a message informing i…
Matthew Fox
2 mins read
RBI governor asks realty companies to stress test their books
The governor of Reserve Bank of India (RBI) Shatikanta Das said on Wednesday that the recent measur…
3 mins read
Chinese syndicates to keep hurting India via loan app scams: Cyber expert
Chinese criminal syndicates and gangs operating digital loan shark scams are expected to further de…
3 mins read
RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
3 mins read
Credit score improvement requires strict discipline but it is possible – Here’s how to go about it
Having a healthy credit score of 750 and above comes in handy when you apply for a loan, especially…