US unemployment rate rises again, cementing path to fed rate cut
US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting...
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Finance and insurance revenue falls for major truck dealers
Rush Enterprises and Penske Automotive Group reported decreased finance and insurance revenue in the second quarter while seeing slight bumps...
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Daimler Truck unit sales and group revenue are down
German commercial vehicle manufacturer Daimler Truck today reported lower year-over-year unit sales and group revenue in the second quarter. The...
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Commercial truck lenders optimistic for 2025 and beyond
The financial outlook on commercial trucking is starting to brighten with glimmers of hope amid a yearslong recession. While challenges...
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CNH Industrial Capital originations up more than 3%
CNH Industrial Capital originations increased in the second quarter as lower sales at the parent company and higher delinquencies offset...
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M&A: WesBanco and Premier Financial Corp will merge to form $27B company
M&A activity continues to be at a high point for dealers and lenders, with several mergers announced in July. WesBanco-Premier...
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Powell says rate cut ‘could be’ on table at Fed’s next meeting
Federal Reserve Chair Jerome Powell said an interest-rate cut could come as soon as September after the US central bank...
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ELFA: New business volume, employment fall in June
New business volume in equipment finance slowed year over year in June. The stall is attributed to fewer new bank...
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