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As March Madness unfolds, NY Fed highlights sports betting toll on consumer credit health

As March Madness unfolds, NY Fed highlights sports betting toll on consumer credit health

Aziaha James #10 of the NC State Wolfpack moves her team on the board to the Sweet Sixteen round following their win against the Michigan State Spartans during the Second Round of the 2025 NCAA Women’s Basketball Tournament held at Reynolds Coliseum on March 24, 2025 in Raleigh, North Carolina.  Lance King | NCAA Photos … Read more

You can’t ‘borrow your way out of debt,’ expert says — but more consumers are trying

You can’t ‘borrow your way out of debt,’ expert says — but more consumers are trying

An increasing number of Americans are turning to balance transfers and personal loans to consolidate and manage debt. It can save them money in the short term, but without a change in spending habits, that strategy is likely to fail, experts say.  “If they didn’t fix whatever issues were causing them to overspend and charge … Read more

Identity theft can cost you during tax season: It’s ‘a terrible reverse lottery,’ one victim says

Identity theft can cost you during tax season: It’s ‘a terrible reverse lottery,’ one victim says

Kseniya Ovchinnikova | Moment | Getty Images Warris Bokhari received an unexpected tax form in early February, just as the 2026 tax season was ramping up. Uber Technologies, the ride-hailing company, mailed him a Form 1099-K listing about $2,317 in gross income earned through dozens of transactions in November and December, according to a tax … Read more

Anthropic goes from software foe to friend. These stocks should benefit

Anthropic goes from software foe to friend. These stocks should benefit

Anthropic’s Tuesday event positioned its products as additive — rather than threatening — to existing software providers. Wall Street sees that helping some stocks in the space. The buzzy artificial intelligence startup announced updates to its Claude Cowork tool aimed at improving office workers’ productivity. Companies can now connect Cowork to platforms such as Google … Read more

Homebuyers are paying more for mortgage credit checks. Here’s why

Homebuyers are paying more for mortgage credit checks. Here’s why

Morsa Images | Digitalvision | Getty Images There’s a line item in homebuyers’ closing costs that’s causing a clash in the mortgage industry: the fee for lenders to check borrowers’ credit. While the charges — typically in the tens or hundreds of dollars — represent a tiny slice of the amount that buyers pay when … Read more

Student loan delinquency rate jumps to nearly 25% in Trump’s second term, analysis finds

Student loan delinquency rate jumps to nearly 25% in Trump’s second term, analysis finds

Julpo | E+ | Getty Images The student loan delinquency rate is surging, new research finds. Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, during President Donald Trump’s first term, according to a report published Friday by The Century Foundation, a left-leaning think tank. … Read more

The ‘boomcession’: Why Americans feel left behind by a growing economy

The ‘boomcession’: Why Americans feel left behind by a growing economy

Fotostorm | E+ | Getty Images Welcome to the “boomcession.” The term is a portmanteau of the words “boom” and “recession.” It highlights how the average American doesn’t feel like they’re reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller. Economic output and the stock … Read more

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