Divided Fed officials hold rates; Powell to stay as governor
Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty...
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News
New business volume hits record, up 18.6% YoY in Q1
Equipment finance demand remained strong in March despite a slight monthly slowdown, with first-quarter new business volume reaching a record...
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PACCAR posts higher Q1 profit despite lower revenue, deliveries
PACCAR reported improved profitability in the first quarter, amid mixed performance from its parts and financial services segments, as well...
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Herc Rentals total revenue jumps 32.3% in Q1
Herc Rentals' revenue soared in the first quarter as it continues to capitalize on large construction projects while improving fleet...
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ELFA hires Kinney as SVP of policy, government affairs
The Equipment Leasing and Finance Association has appointed Susan Sullivan Kinney as senior vice president of policy and government affairs....
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Customers Bank taps OpenAI as equipment finance portfolio grows
Customers Bank is expanding its use of artificial intelligence through a multiyear collaboration with OpenAI, while continuing to grow its...
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Volvo Financial Services originations drop 8%
Volvo Financial Services saw originations slide in the first quarter as construction equipment orders plunged at the parent company, partially offset...
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Hitachi Construction Machinery revenue rises, profits fall amid tariff pressures
Japanese OEM Hitachi Construction Machinery reported higher revenue but lower profitability for its fiscal year ended March 31 as U.S....
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