Credit Card Debt Hits Record High, Delinquencies Push Higher as Stretched Consumers Borrow to Spend
By Tom Ozimek Americans have amassed a record amount of credit card debt, which over the past year rose by $154 billion, the biggest annual jump in history, suggesting consumers are increasingly having to borrow to prop up their spending. The Federal Reserve Bank of New York released its quarterly household debt and credit report on Nov. 7, which shows that overall household debt rose by 1.3…
More Stories
Judge Narrows Defamation Lawsuit Against Candace Owens Over Claims Brigitte Macron Is Male
By Rachel Roberts A Delaware judge ruled that French President Emmanuel Macron and his wife, Brigitte, can continue their defamation...
Supreme Court Declines to Restore Biden-era Immigration Regulation
By Zachary Stieber The Supreme Court on Oct. 27 allowed an immigration agreement between Texas and the Department of Justice...
Alaska Governor Orders Probe Over Claims Democrats Recruited Senate Spoiler Candidate
By Tom Ozimek Alaska Gov. Mike Dunleavy has ordered the state to investigate whether aides to U.S. Senate hopeful Mary...
EU Proposes Giving Border Agency Frontex More Powers to Deport Illegal Immigrants
By Victoria Friedman The European Union has proposed giving the bloc’s border agency more powers, including the ability to take...
DoorDash Agrees to Buy Instacart in $17 Billion Deal to Expand Grocery Delivery
By Evgenia Filimianova DoorDash is offering $17 billion to buy grocery delivery company Instacart, potentially bringing together two of the...
US Economy Gains Momentum as 3rd-Quarter GDP Grows Better-Than-Expected 3.4 Percent
By Andrew Moran The U.S. economy recorded its best quarter in a year as consumer spending and business investment lifted...