Regulators have warned against the creeping use of technology in traditionally human-intensive decisions like whether to make a loan, and at what interest rate. But a new study shows that the online platform LendingClub might be just as good at lending as the largest banks.
Home improvements are an investment, and your return on investment is an important consideration on which project you choose, and how much to spend on it.
The Federal Reserve, led by Chairman Jerome Powell, said it will hold interest rates steady in their current range from 2.25% to 2.5%, while waiting for signs that the economy is stabilizing.
New home sales in the U.S. totaled 607,000 in January, down from 652,000 in December, the Census Bureau reports. The drop was steeper than projected by economists, who had estimated January sales at 620,000.
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