Another OPEC? Indonesia hopes for battery metals cartel – CNN | CarTailz

London CNN business — Indonesia produces more nickel than any other country. As the demand for batteries for the energy transition surges, it represents a huge opportunity and the archipelago of 276 million people intends to capitalize on it. With the electric vehicle revolution driving demand for key battery metals like nickel, Indonesia lobbying started … Read more

Smaller rate hikes likely to come in December, says Fed Chair Powell – CNN | CarTailz

CNN business — Federal Reserve could slow pace of aggressive rate hikes as early as December, Fed Chairman Jerome Powell said at a business forum on Wednesday. “The time to slow the pace of rate hikes could come as early as December’s meeting,” he said in a remark at the Hutchins Center on Fiscal and … Read more

‘White Paper’ protests: China’s top stationery supplier says it still sells A4 sheets – CNN | CarTailz

Hong Kong CNN business — The rare protests, which swept across China over the weekend, often featured protesters holding blank sheets of paper, a phenomenon that has caused problems for the country’s top stationery chain. In a symbolic protest against censorship, young protesters held up white sheets – a metaphor for the critical social media … Read more

How 2 Teachers Slayed a $53,000 Debt Monster in 3 Years – MarketWatch | CarTailz

This article reprinted with permission from nerd wallet. In this series, NerdWallet highlights people’s ways of paying off debt. This month, Jae Bratton shares how she and her husband focused on paying off debt, motivated by the hope of raising a family. My story of paying off more than $53,046 in debt for two teachers’ … Read more

Lawsuit alleges billionaire Leon Black raped woman at Jeffrey Epstein’s home – CNN | CarTailz

new York CNN business — Billionaire investor Leon Black has been sued by a woman who claims he’s “brutal[ly]’ raped her at Jeffrey Epstein’s Manhattan townhouse in the spring of 2002. Cheri Pierson names both Black – the co-founder and former CEO of private equity giant Apollo Global Management – and the estate of the … Read more

How do rising interest rates affect inflation? – GOBankingRates | CarTailz

shapecharge / iStock.com When high inflation hits the American economy, high interest rates are likely to follow. While rising interest rates can make all types of financing — from credit cards to home mortgages to car loans — more expensive, the (hopefully) short-term pain is worth it for the greater good of the economy. But … Read more

How do rising interest rates affect inflation? – GOBankingRates | CarTailz

shapecharge / iStock.com When high inflation hits the American economy, high interest rates are likely to follow. While rising interest rates can make all types of financing — from credit cards to home mortgages to car loans — more expensive, the (hopefully) short-term pain is worth it for the greater good of the economy. But … Read more

“The monthly payments will be pushed even higher.” What can you do when you need to buy a new car? – Market observation | CarTailz

When average monthly new car payments topped $700 in May and car prices hit record highs, many potential car buyers chose to sit on the sidelines until the market normalized. According to data company Cox Automotive, the average monthly new car payment hit another record high of $748 in October. Average payments for used cars … Read more

Women on paid parental leave say banks routinely discriminate against them on loan applications – ABC News | CarTailz

Banks and other lenders routinely discriminate against women applying for loans and credit cards while on paid parental leave. Core items: Banks refuse women loans and credit cards during paid parental leave The women involved say it shows the banking system is archaic and touchless Banks say they must consider a person’s ability to repay … Read more

Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more