Retail credit card interest rates hit all time high

Retail credit card interest rates hit all-time high

The average rate on credit cards from some of America's biggest retailers has soared to an all-time high of more than 30%, according to personal finance site Bankrate. That's up from just over 24% ...

Why credit card rates remain high, even after interest rate cuts

Credit card interest rates stand near a record high.

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.

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

Dozens of retailers, including Macy's, Gap and TJ Maxx, increased APRs on their store credit cards before the Federal Reserve cut rates, padding their profits.

Business - CNBC - November 22

Credit card debt just hit a new high. Here's how to tackle yours now.

The total amount of credit card debt nationwide just keeps climbing. Here's how to get rid of your card debt now.

'Trump trade' returns for second week as bitcoin, Tesla, stocks surge

Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald Trump's victory.

Former SEC chair Jay Clayton tapped as Wall Street’s top cop

Donald Trump also selects lawyers from criminal cases for other high-level posts in his administration

Business - Financial Times - November 14

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

Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high

Bitcoin hit a new record high as futures premiums soared, in a clear sign that investors believe the record-run will continue.

Business - CNBC - November 10

Why credit card debt forgiveness is worth it even with more Fed rate cuts

Another interest rate cut was just issued. Here's why you should still pursue credit card debt forgiveness anyway.

Dow, Russell 2000 hit new records as investors cheer Trump's Treasury pick

A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday.

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

Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.

Business - CNBC - November 13

Global trade tensions and cyber attacks threaten UK economy, warns Bank of England; Black Friday spending ‘up 11%’ – business live

BoE says global risks remain high, and the outlook has become more uncertain and riskier. Amazon workers in 20 countries to protest or strike on Black Friday The best Black Friday deals on ...

World - The Guardian - Yesterday

Dolphin strandings on Cape Cod at an all-time high

The waters off of Cape Cod, Massachusetts are teeming with life, especially dolphins. More than ever, these animals are getting stranded on the shore, with the number spiking this year.

Powell: Fed won't 'speculate' about Trump's impact on economy

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...

Politics - The Hill - November 7

Federal Reserve cuts interest rate for second time in 2024

The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News ...

Would the Fed ever rely on AI to decide interest rate moves? The risks are high.

Challenges of artificial intelligence directing U.S. central-bank decisions are substantial.

Business - MarketWatch - November 9

UK economic growth slows to 0.1% as budget jitters and high interest rates take toll

Blow to Rachel Reeves as first quarter under Labour shows services and manufacturing struggled in run-up to budget. Business live – latest updates The UK economy slowed to a near-standstill in ...

World - The Guardian - November 15

3 times you should pay off credit card debt collections (and 3 times you shouldn't)

Paying off collections debt can be a smart financial move, but it won't make sense in every scenario.

Japanese yen hits six-week high after hot inflation reading drives rate increase bets

Yen strength came after fresh data that showed Tokyo core consumer prices, stripping out volatile fresh food.

Business - MarketWatch - Yesterday

Rocket Lab stock surges almost 30% to near all-time high after company's Q3 results

Rocket Lab jumped in trading after the company reported third-quarter results.

Business - CNBC - November 13

Bitcoin hits fresh record, marches toward $100,000 as rally continues

Bitcoin breached the $99,000 level for the first time as investors continued pricing in a second Donald Trump presidency.

Business - CNBC - November 21

Trump rally carries US small-cap stocks to all-time high

Promise of corporate tax cuts helps Russell 2000 index eclipse 2021 record

Business - Financial Times - 4 days ago

NI hospital consultant waiting lists at all-time high

More than half a million people are now on lists to have their first consultation with a specialist.

How to get rid of credit card debt without ruining your credit

You don't have to sacrifice your credit score to get rid of credit card debt. There are lots of routes to consider.

Will enrolling in a credit card debt management program hurt your credit?

Certain debt relief strategies can have a negative impact on your credit — but is debt management one of them?

How will a late credit card payment impact my credit score?

Just one delinquent credit card payment could have a big impact on the health of your credit. Here's how.

Will my credit score drop if I pay a credit card debt collector?

Paying off an old debt could have an impact on your credit score — but not always in the way you'd think.

Is it ever OK to ignore credit card debt collectors?

It can be tempting to ignore debt collectors' aggressive tactics, but it's generally not the best approach to take.

Can credit card debt in collections be forgiven?

There are lots of ways to deal with credit card debt that's in collections — but is debt forgiveness one of them?

How to Choose the Right Travel Credit Card

Fees, sign-up bonuses and whether the card is aligned with a particular hotel brand or airline are all factors in the decision.

Business - The New York Times - November 15

JPMorgan’s Chase UK bank launches first credit card

Digital-only bank makes first foray into lending after amassing more than £20bn in deposits

Business - Financial Times - November 19

5 hidden costs of carrying credit card debt

These hidden costs are just as damaging — if not more so — than credit card interest and fees.

Who qualifies for a credit card debt consolidation program?

While debt consolidation programs can offer relief from high-rate card debt, not everyone is eligible to enroll.

Apple upgrades Ireland’s credit rating outlook

Good craic

World - Financial Times - November 15

Fitch Downgrades Spirit Airlines’ Credit Rating

Spirit Airlines is working on alternatives to improve its liquidity.

Business - Inc. - November 16

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