Money Stored in Payment Apps Such As Venmo May Be More Vulnerable Than Bank Deposits Cfpb Says
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Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
Why Biden’s China tariffs are more bark than bite
Also in today’s newsletter, how another Trump administration could reshape the energy outlookFinancial Times - World - China -
‘More than capable’: Taylor backs City’s scoring ability for WSL decider
‘They can score three or four in five or six minutes’Manchester City manager upbeat before Villa showdownGareth Taylor has backed his side to score enough goals to overhaul Chelsea on the final day of the Women’s Super League season. Manchester ...The Guardian - World -
Messi wages, $20.4M, more than 25 MLS payrolls
Inter Miami forward Lionel Messi is Major League Soccer's highest paid player with a total guaranteed compensation of $20.44m.ESPN - Sports - MLS -
German Bunds Seen More Attractive Than U.S. Treasurys in Near Term
German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.The Wall Street Journal - World - Germany -
Warren celebrates CFPB win at Supreme Court, warns of more challenges
Sen. Elizabeth Warren (D-Mass.) celebrated the Supreme Court’s Thursday decision to reject a GOP challenge to the Consumer Financial Protection Bureau’s (CFPB) funding structure. “The United States Supreme Court followed the law, and the CFPB is ...The Hill - Politics -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 128 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 38.The Wall Street Journal - World - Israel -
Sony Music Group warns more than 700 companies against using its content to train AI
One of the biggest record labels in the world is issuing notices warning hundreds of companies not to train artificial intelligence models on its content without permission.NBC News - Top stories -
4 dead as severe storms hit Houston area; nearly 1 million without power in Texas
Four people were dead and hundreds of thousands of homes and businesses were without power in Texas as severe storms slammed the Houston area Thursday night.NBC News - Top stories -
UK councils win power to auction off shops vacant for more than a year
Landlords face hit to their rents from scheme that seeks to deal with blight of boarded-up high streetsFinancial Times - World - United Kingdom -
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United StatesABC News - Tech - China -
High levels of weedkiller found in more than half sperm samples, study finds
Glyphosate found in samples from French infertility clinic raising questions about controversial chemical’s impact on fertility. More than 55% of sperm samples from a French infertility clinic contained high levels of glyphosate, the world’s most ...The Guardian - World -
Wayfair to open its first large store, as physical locations make a comeback
What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.CNBC - Business -
Alexa, Siri, Google Assistant vulnerable to malicious commands, study reveals
Amazon researchers uncover alarming vulnerabilities in speech AI models, revealing 90% susceptibility to adversarial attacks and raising concerns over potential misuse.VentureBeat - Tech - Google -
Vulnerable Senate Dems lukewarm on reported White House plan for Palestinian refugees
Politico - Politics -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.MarketWatch - Business -
Why a shift in market environment may make an ‘accident’ more likely
Markets are returning to the traditional relationship between stocks and volatility that leaves markets more prone to an accident, according to one market observer.MarketWatch - Business -
Israeli military says more troops to join Rafah operation
The Israeli military said Thursday that five soldiers were killed and seven injured in a friendly fire incident in northern Gaza, amid renewed battles in the area against regrouped Hamas militants.NBC News - Top stories - Israel -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
‘Chimney Doe,’ skeletal remains found in pipe of Wisconsin music store in 1989, finally identified
The skeletal remains of "Chimney Doe" were identified as Ronnie Joe Kirk nearly 35 years after he was found in a Madison, Wisconsin, music store pipe in 1989.NBC News - Top stories -
Walmart's sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.
Walmart’s sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.The Wall Street Journal - World -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Middle East Crisis: Israel Says It Will Send More Troops to Rafah, Defying International Pressure
“This operation will continue,” the defense minister said after meeting with commanders in the area.The New York Times - World - Israel -
Walmart says more diners are buying its groceries as fast food gets pricey
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.CNBC - Business -
The Latest | Israel says it will send more troops to Rafah, as fighting also rages in Gaza's north
Israel’s defense minister says the military will send more troops into Rafah, a city along Gaza’s southern border with Egypt, as fighting also rages in northern Gaza, where Hamas has regroupedABC News - World - Israel -
Walmart says more diners are buying its groceries as fast food gets pricey
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity.NBC News - Top stories -
Family of Lewiston, Maine gunman testifies and says more could have been done
The family of the gunman who killed 18 people in Lewiston, Maine testified in front of a commission Thursday, saying more could have been done to help him and prevent the mass shooting.CBS News - Top stories