Credit card debt hits record $1.17 trillion, New York Fed research shows

28% of credit card users are still paying off last year's holiday debt. How to get this season’s tab under control

Americans tend to overspend during the holiday shopping season and this year will be no different, experts say.

Business - CNBC - October 21

New York State Chosen as National Center for Chip Manufacturing Research

The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.

Business - The New York Times - November 1

New York Site for Semiconductor Research to Get $825 Million

Another CHIPS ACT project, this one outside Albany, will be one of three national technology centers developed with federal funding.

Business - Inc. - October 31

Record-breaking runner stars in New York Marathon

Lloyd Martin, who has Down's syndrome, runs the New York Marathon after a record-breaking London run.

New York City Will Stop Giving Debit Cards to Migrants

Mayor Eric Adams is ending a contentious pilot program that gave 2,600 migrant families debit cards to purchase food.

Top stories - The New York Times - 6 days ago

‘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

Spirit Airlines extends debt refinancing deadline hours before expiration

Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.

Business - CNBC - October 18

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

U.S. stock market hits record highs with boost from election results and Fed announcement

The Dow and S&P 500 have set new records as post-election optimism and a major Fed announcement drive a market surge. CBS News MoneyWatch's Kelly O'Grady explains what's behind the rise.

‘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.

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

FirstFT: Meet Trump’s hawkish foreign policy team

Also in today’s newsletter, Wall Street bonuses set to jump after two fallow years and China unveils new stealth jet

World - Financial Times - 2 days ago

New York’s Halloween Temperatures Hit Mid-to-Upper 70s

No need to wear extra layers this year. Temperatures in the city had reached the upper 70s by Thursday afternoon.

Top stories - The New York Times - October 31

Dangerous air quality hits New York as brush fires erupt in Northeast

Wildfires brought on by extreme dry conditions have left parts of the East Coast in a dangerous haze this weekend.

The New York Liberty show investment in women’s sports is simply good business

Five years after playing before crowds of 2,000 fans in White Plains, the Liberty completed a stunning turnaround with a first WNBA title. And the future looks brighter than ever. From the earliest ...

World - The Guardian - October 21

Trump’s Madison Square Garden rally overshadowed by racism accusations

Republican lays out dark closing argument in Democratic city where he made his fortune but was also convicted

World - Financial Times - October 28

Nora Ephron loved New York City in the fall — and it shows in her movies

'Nora Ephron at the Movies' explores the iconic writer and director's enduring legacy, especially through rom-coms including 'When Harry Met Sally' and 'You've Got Mail'

Entertainment - Los Angeles Times - October 29

Congestion Pricing Will Help New York Democrats Show They Can Govern

But time is running out to do it before Trump becomes president.

Top stories - The New York Times - 5 days ago

UFC 309 fight card -- Jon Jones vs. Stipe Miocic: Jones' legacy among biggest storylines to follow in New York

One of the sport's biggest stars returns with in title defense bout Saturday at Madison Square Garden

Sports - CBS Sports - 8 hours ago

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

2024 Temperatures Are on Track for a Record High, Researchers Find

The new report also says that global warming has hit a threshold, at least temporarily, that countries had pledged to avoid.

World - The New York Times - 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.

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.

Will credit card interest rates increase now that inflation is climbing?

Inflation ticked back up again in October, which could impact your credit card interest rates. Here's how.

Fed May Cut Rates in Response to Tight Credit Conditions

This week, the central bank will likely announce reduced interest rates as low demand for loans continues.

Business - Inc. - November 6

Consumer credit posts small increase as Americans cut back on credit-card purchases

The amount of credit U.S. consumers used in September rose a scant 1.4%, but the increase was tied mostly to student loan as Americans scale back on borrowing.

Business - MarketWatch - November 7

'New bullish phase'? As gold hits another high, analysts say more records are in sight

Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.

Business - CNBC - October 22

Yankees free agency and trade buzz: New York reportedly showing interest in RHP Carlos Estevez

The latest Yankees free agency and trade buzz during the MLB offseason.

Sports - Yahoo Sports - 6 days ago

Latest in Credit card debt hits record $1.17 trillion, New York Fed research shows