On Wednesday, the Federal Reserve made its third hike to the federal funds rate in 2022, increasing the rate to a range between 1.5% and 1.75%. According to Yahoo Finance, the 0.75 percentage point increase was “the largest move [the Fed] has made in a single meeting since 1994.” read more

JUN 16, 2022 - 7:46 am

According to the Equipment Leasing & Finance Foundation’s June 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) overall confidence in the equipment finance market is 50.9, up from the May index of 49.6. read more

JUN 16, 2022 - 7:44 am

According to International Data Corporation, worldwide semiconductor revenue is expected to reach $661 billion in 2022, a 13.7% year-over-year growth rate following strong 2021 results where revenues reached $582 billion. read more

JUN 15, 2022 - 7:30 am

According to ACT’s latest North American Commercial Vehicle Outlook, the potential for a mild recession is becoming increasingly likely. read more

JUN 14, 2022 - 7:20 am

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the latest Biz2Credit Small Business Lending Index. read more

JUN 8, 2022 - 7:35 am

According to the latest Hospital ISM Report On Business from the Institute for Supply Management, economic activity in the hospital subsector grew in May for the 24th consecutive month. read more

JUN 8, 2022 - 7:35 am

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 330 commercial Chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021. read more

JUN 6, 2022 - 7:35 am

Inflation worries, a tight labor market and global fallout from the Russo-Ukraine war have dropped business executives’ view of U.S. economic prospects to its lowest level since 2011, according to the second-quarter AICPA Economic Outlook Survey. read more

JUN 3, 2022 - 6:17 am

The U.S. economy will continue to expand for the rest of 2022, according to the Institute for Supply Management’s spring 2022 semiannual economic forecast. read more

MAY 25, 2022 - 7:39 am

According to the Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 49.6, a decrease from the April index of 56.1. read more

MAY 19, 2022 - 7:14 am

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

MAY 11, 2022 - 7:10 am

Worldwide spending on telecom services and pay TV services reached $1.566 billion in 2021, an increase of 1.6% year over year, according to the International Data Corporation’s Worldwide Semiannual Telecom Services Tracker. read more

MAY 9, 2022 - 7:20 am

Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

MAY 9, 2022 - 7:07 am

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

MAY 5, 2022 - 7:37 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

APR 25, 2022 - 7:18 am