Americans’ $1 trillion credit card debt problem is inching in the right direction as inflation eases

‘She can’t even buy groceries or put gas in her car’: My friend’s husband died, leaving her with three young children, no job and $15,000 in credit-card debt

“She is planning to sell their house and should net between $75,000 and $100,000 on the sale of the property.”

Business - MarketWatch - October 21

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

Business - CNBC - October 18

Global public debt will hit $100 trillion by year-end, says IMF

The IMF warned of the risks posed by unsustainable public debt levels.

Business - CNBC - October 23

‘Positive’ medical debt credit reporting is a Trojan horse

Congress shouldn’t be fooled and let a Trojan horse hurt consumers by nullifying state laws and the CFPB’s effort to get medical debt off credit reports.

Politics - The Hill - November 6

Does debt consolidation or debt forgiveness make more sense with bad credit?

Finding the right solution to your high-rate credit card debt can be tough if your credit is less than ideal.

China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures

Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.

World - The Wall Street Journal - 6 days ago

Consumer Fears of Credit Card Delinquency Rise

A monthly New York Fed survey finds that while people felt generally positive about inflation, income, and jobs, fear of failing to make debt payments rose to a four-year high.

Business - Inc. - October 16

How to qualify for a credit card hardship program this November

If you can't pay your credit card bills, a hardship program could provide relief, but you'll need to qualify first.

The cautionary tale of Goldman and Apple’s credit card

Retail banking is not only harder than it looks but also heavily regulated by watchdogs who take their duties very seriously

Business - Financial Times - October 30

Tesla surpasses $1 trillion in valuation in the wake of Trump's victory

Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.

Medical debt is hurting millions of credit reports — but now there’s a cure

Even responsible, prudent people can end up thousands of dollars in debt if they get sick or injured.

Business - MarketWatch - October 26

Southern Water at risk of debt default in event of further credit downgrades

Bond issue documentation shows UK utility under pressure over high financing costs

Business - Financial Times - November 5

Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.

The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...

Business - MarketWatch - October 18

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - 6 days ago

Most Americans expect Trump to increase debt: Survey

A majority of Americans expect the national debt to rise under President-elect Donald Trump, according to a new Reuters/Ipsos survey conducted after the election. The poll found that 62 percent of ...

Politics - The Hill - 6 days ago

Most Americans Expect Trump to Increase National Debt

A Reuters/Ipsos poll shows a majority of people think the President-elect will drive the country further into debt, beyond its current $35 trillion level.

Business - Inc. - 6 days ago

Trump is the right president to finally tackle the national debt

Trump’s electoral victory will be much less meaningful if he leaves office in four years without addressing our debt and deficit problems.

Politics - The Hill - November 7

Goldman and Apple fined $89mn over US credit card programme

Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

Business - Financial Times - October 23

How far will credit card interest rates fall in November?

There may be another Fed rate cut on the horizon in November. Here's how it could impact credit card rates.

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - November 7

When can a credit card company sue you for non-payment?

If your credit card debt goes unpaid for long enough, you could face legal consequences. Here's when it may happen.

Behind on your credit card bills this November? 3 options to consider

Missing credit card payments can have serious consequences, but there are ways to get your finances back on track.

Do Arsenal have a red card problem - and could it cost them the title?

Just eight games into the Premier League season and Arsenal have already had three players sent off - but just how costly could it be?

When do late credit card payments show up on your credit report?

If you've made a late credit card payment recently, here's when it could start impacting your credit score.

Economists see UK cutting interest rates more substantially as inflation pressures ease

Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.

Business - CNBC - October 22

Tesla hits $1 trillion market cap as stock rallies after Trump win

Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.

Business - CNBC - 6 days ago

Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock

Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...

Business - MarketWatch - 6 days ago

Jimmy Vesey's Recovery From Injury Trending In The Right Direction

Jimmy Vesey is back practicing with the Rangers as he continues to recover from a lower-body injury.

Sports - Yahoo Sports - October 29

Housing, Tariffs and Debt: Four Experts Debate How to Fix the American Economy

One set of writers on the left and another on the right lay out competing visions for what the next president should do.

Top stories - The New York Times - October 23

Everyday Americans Keep Racking up Debt and Missing Payments

Economic pain is weighing on consumers as delinquency rates and household debt rise.

Business - Inc. - 12 hours ago

China to almost double support for unfinished housing projects

World - Yahoo News - October 17

With This 1 Move, Google May Have Solved a Huge AI Content Problem

As AI tech gets smarter it’s getting harder to spot the difference between content made by a human and what’s been dreamed up by an algorithm. Google, pushing the AI envelope itself, is aware of ...

Business - Inc. - October 24

The M4 Mac Mini Is Almost Perfect. There’s Just 1 Problem

Apple’s smallest computer is a delightful update, if you can overlook the steep upgrade pricing.

Business - Inc. - November 7

Elder care costs are outpacing inflation. Americans want a lifeline.

A recent Kamala Harris campaign proposal targets at-home caregivers struggling with steep out-of-pocket expenses even as consumer prices finally stabilize.

Inflation is cooling, yet many Americans are still living paycheck to paycheck

The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.

Business - CNBC - October 30

What does the inflation rate increase mean for American consumers?

The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...

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