Consumers consider personal loans to consolidate high-interest credit card debt, with average APRs of 12.19% versus 19.64% for cards. Options include balance transfers and debt management plans.
David Kimball, chairman and CEO of Prosper, comments on personal loan advantages and drawbacks, noting they are not a one-size-fits-all solution.
Recent data reveals average personal loan interest rates at 12.19%, with balances averaging $11,724. The Federal Reserve has cut rates three times in 2025, influencing borrowing costs.
Bankrate data shows average personal loan rates at 12.19% as of Jan. 14, 2026, with LightStream offering the lowest rate at 6.24%. Rates vary by lender type and borrower credit.
TSMC announced a record quarterly profit, forecast strong growth, and detailed plans to expand its US manufacturing capacity, including a fourth Arizona factory.
Oracle shares have recovered from a steep decline, trading at 30 times forward P/E. OpenAI's expansion into healthcare and potential 2026 funding are seen as positive for Oracle's massive AI data center contracts.
US stock indexes fell Wednesday, with the S&P 500 and Nasdaq 100 hitting 1.5-week lows. Chip makers and major tech stocks declined, while geopolitical risks rose. Oil and precious metals surged. Stocks partially recovered after a positive Fed report and strong economic data.
Ferrari enters 2026 with strong brand and margins but must prove its luxury discipline and emotional appeal can survive electrification, pricing shifts, and capital investments.
A woman describes her father's empty fridge and his reluctance to accept help as his $750 rent leaves little from his $1,000 disability check.
SK Hynix will open a new Yongin factory three months early in February 2027 and start operating another plant next month to produce HBM chips for AI, as CEO Sungsoo Ryu cites 'tremendous' demand.
NORD/LB, Rabobank, and Siemens Bank provide €135 million for a 199-MW wind and solar portfolio in Aragón, Spain, acquired by ENCAVIS. The projects are operational or starting soon.
Thomas Peterffy expects ForecastEx to accelerate growth in 2026, driven by U.S. midterm election betting. He discusses integration plans, market optimism, and regulatory changes, while also commenting on Fed independence and credit card rate caps.
Bilt introduces three new credit cards with rates capped at 10% for the first year, including a premium option, as CEO Ankur Jain cites affordability needs. The launch follows President Trump's call for interest rate limits.
Duolingo stock surged in early 2025 but fell sharply by year-end despite strong earnings, as investors reacted to AI competition and a shift toward user growth.
Alphabet and Apple signed a multi-year AI deal on Jan. 12, 2026, integrating Google's Gemini into Apple devices, sparking immediate market reactions and analysis from a recent livestream.