Consumer Debt

The Rise of Buy Now, Pay Later

Tradier | |

The level of US debt recently rose above the $29 trillion level, and it won’t be long before it exceeds $30 trillion. As the US central bank prepares to increase short-term interest rates in 2022, each twenty-five-basis point hike will cost an additional $75 billion in annual debt servicing. The price tag for the future is staggering.

Goldman Sachs To Acquire General Motors' Credit Card Business for $2.5 Billion

Reuters | |

Goldman Sachs Group Inc is buying General Motors Co's credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Wall Street bank won the bidding for the deal over Barclays Plc, according to the report.

Capital One Financial Corp, which has been GM's credit card issuer since 2012, and Goldman have agreed upon the purchase price and expect to finalize the deal in the coming weeks, the re...

The End of College Is Near

Jared Dillian | |

I predict that 20% of colleges and universities will shut down or merge in the next 10 years.

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