Citizens Business Conditions Index Reaches Highest Level in Three Years

The strength of the economic recovery pushed this past quarter’s national Citizens Business Conditions Index (CBCI) to 57, its highest reading in three years and up five points compared to last year. A reading above 50 is considered expansionary.

July 23, 2021 CBCI | Citizens Business Conditions Index | Tony Bedikian Rita Garwood

NACM’s Credit Managers’ Index Pulls Back Slightly in September

The September Credit Managers’ Index from the National Association of Credit Management fell by a half a point from the August index, marking the first decline since April. However, the CMI is still trending positively in expansion territory

October 1, 2020 Chris Kuehl | National Association of Credit Management Ellie Delany

Federal Reserve Cuts Interest Borrowing Rate

The Federal Reserve’s Open Market Committee, in an eight to two vote, decided to cut the borrowing rate by a quarter of a point.

August 1, 2019 Federal Reserve Bank nadine

Fed Holds Rates Steady, Hints at Future Cuts

The Federal Reserve Open Market Committee met and decided to maintain the current rates.

June 20, 2019 nadine

Hudson Bay Attempts to Go Private to Save Saks, Lord & Taylor

The Wall Street Journal reported that a group of investors is attempting to take the Hudson Bay Company private in an attempt to save iconic department stores Saks Fifth Avenue and Lord and Taylor.

June 13, 2019 Hudson Bay Company | Lord & Taylor | Saks Fifth Avenue nadine

Fed Keeping Rates Steady Due to Strong Labor Market

The Federal Reserve Open Market Committee met yesterday and determined that because of the strong labor market and solid economic activity, the interest rate will remain the same.

May 2, 2019 Federal Reserve Bank | Jerome H. Powell nadine

Gartner: U.S. Companies Prepare for Potential Recession

Analysis of S&P 500 2018 earnings transcripts shows fading exuberance among corporate executives as the year progressed, according to Gartner.

March 15, 2019 Gartner | Tim Raiswell Amanda Koprowski

Biz2Credit: Women-Owned Business Revenue Rises, Funding Amounts Drop in 2018

The number of women-owned businesses that applied for funding in 2018 increased by 13%, although their funding amounts went down, according to an annual study of women-owned companies by Biz2Credit.

March 8, 2019 Biz2Credit | Rohit Arora | women-owned businesses Amanda Koprowski

Big Banks Hit Record High Small Business Loan Approval Percentages in October

Loan application volume and approvals rise for banks, institutional lenders and alternative lenders

November 9, 2018 Biz2Credit Chelsea Kirtley

PNC Announces $900 MM Increase To Authorized Share Repurchases

The PNC Financial Services Group, Inc. (NYSE: PNC) announced that it received approval from the Federal Reserve today to repurchase up to an additional $900 million in common shares through the end of the second quarter of 2019.

November 9, 2018 Chelsea Kirtley