New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...

Editor’s note: This story was updated Sept. 19, 2024, to reflect the Federal Reserve’s rate cut announcement. Wednesday brought some promising news to consumers who have held off on major purchases ...

It’s a dream for many to own a car. Whether it's a sports car, sedan, or a luxury vehicle, potential car buyers can choose from a wide range of vehicles as per their budget. Although owning a car can ...

Stream Los Angeles News for free, 24/7, wherever you are. Federal Reserve Chair Jerome Powell "is sitting on a hornet's nest of headaches — in that situation, he is going to hold tight," said Brian ...

Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely ...

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.

More Americans are underwater on car loans, owing more money than ever. Nearly a quarter of trade-ins toward new car purchases are burdened with negative equity. According to an analysis by car ...

Stream Los Angeles News for free, 24/7, wherever you are. Federal Reserve officials reduced their outlook for expected cuts in 2025 to two from four, assuming quarter-point increments, according to ...