Credit card debt hits a ‘staggering’ $1.13 trillion. Here’s why so many Americans are under pressure
Strong consumer spending boosted credit card balances to a new record high in the fourth quarter, according to the Federal Reserve Bank of New York.
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
Debt that has transitioned into “serious delinquency,” or 90 days or more past due, increased across the board during the year,
Meta says it will identify more AI-generated images ahead of upcoming elections
Meta will take a harder stance on misinformation and deepfakes ahead of upcoming elections around the world, the company said Tuesday.
Senate Republicans threaten to block border security bill they negotiated
GOP senators left a special closed-door meeting in the evening predicting that their party would not provide enough votes to move forward with the package.
Trump wants to debate Biden ‘immediately’ — but president shrugs him off
Donald Trump skipped every GOP primary debate, but he is urging Joe Biden to debate him while ignoring similar calls from ex-U.N. ambassador Nikki Haley.
Buckle up: These stocks are expected to have the wildest moves this week
A CNBC review of companies set to report earnings this week shows that some stocks may post sharp moves following their results.
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Kashkari said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface.
McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
The Israel-Hamas war and related boycotts hurt Starbucks’ and McDonald’s sales in the latest quarter.
Red Sea tensions risk significantly higher inflation, OECD warns
Higher shipping costs could add 0.4 percentage points to consumer price inflation, the Paris-based group said Monday.
