Consumers in the Us Rely More on Credit As Savings Dwindle
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Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
U.S. Consumer Watchdog Turns Focus to Credit Card Rewards, Buy-Now-Pay-Later Companies
The Consumer Financial Protection Bureau, acting on increased complaints, will examine rewards market and deferred payment programs.Inc. - Business -
Consumer confidence dips in March on more pessimism about the future of the economy
Consumer confidence fell in March to a four-month low as persistent inflation and the 2024 presidential election made Americans more anxious, a new survey showed.MarketWatch - Business -
Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
US faces Liz Truss-style market shock as debt soars, warns watchdog
Fiscal burden on ‘unprecedented’ path, says independent Congressional Budget Office headFinancial Times - Business - United Kingdom -
Trump taps superfans to make Spacs great again
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubbleFinancial Times - Business - Donald Trump -
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.MarketWatch - Business -
Best spring bedding deals: Save up to 50% on Brooklinen, Casper, Plufl, more
New season, new bedding: Upgrade your bedroom for spring with fresh new sheets at a big discount.CBS News - Top stories -
Best Nike deals from the Spring Sale: Save up to 50% on Air Jordans, Pegasus 40s and more shoes
Save up to 50% on the most popular Nike sneakers and styles with these Nike clearance deals.CBS Sports - Sports -
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Baltimore bridge collapse update: Six people are missing and two have been found after a large containership plowed into the bridgeThe Wall Street Journal - World -
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Putin is stockpiling Americans in his jails. In the secret game of prisoner swaps, he has held most of the cards.The Wall Street Journal - World -
With TikTok Under Fire, Brands That Rely on It Worry
Many companies, particularly in the beauty and fashion industries, have boosted sales through the platform. They don’t really have a backup plan.The New York Times - Tech - Tiktok -
The US must address more than LNG to mitigate climate change
While the Biden administration intended to send a message about addressing climate change, it is important to place the LNG story within the broader emissions context.The Hill - Politics - Climate -
There Are Already More Measles Cases in the US This Year Than All of 2023
The CDC is begging Americans to get vaccinated against measles as cases continue to rise.Wired - Tech -
Why the ban on using EU funds for arms could become more flexible
Also in this newsletter: Finland’s PM on the threat from Russian migrationFinancial Times - World -
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.MarketWatch - Business -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
More than six in 10 US abortions in 2023 were done by medication — a significant jump since 2020
New research shows that more than six in 10 of the abortions in the United States last year were done through medicationABC News - Health -
Ukrainian foreign minister stresses need for more weapons: 'Give us the damn Patriots'
Ukrainian Foreign Minister Dmytro Kuleba is sounding the alarm on Ukraine's need for more weapons to fight against Russia, while further aid for the embattled nation remains held up in Congress. "Give us the damn Patriots," Kuleba said in an ...The Hill - Politics - Ukraine -
The Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.The New York Times - Business -
UBS Cuts Profit After Credit Suisse Revaluation
UBS said its net profit was lower than previously reported after it reduced its fair-value estimate on Credit Suisse.The Wall Street Journal - World -
Video: Why Consumer Confidence Is Falling
The WSJ’s Dion Rabouin breaks down the latest conference board data and what consumers are saying about the economy.The Wall Street Journal - World -
Consumer Confidence Little Changed in March
Americans are feeling more upbeat about current business and labor market conditions, but are concerned about where the economy is headed.Inc. - Business -
This March Madness star owns vending machines to make passive income
Burns, about to play in March Madness’ Sweet Sixteen, says, ‘I’m gonna be honest, I can’t eat what’s in my vending machines’MarketWatch - Business -
Supreme Court may rely on ‘procedural punt’ in abortion pill case, says legal expert
The Supreme Court heard oral arguments in a case related to the abortion pill mifepristone. The justices seemed “skeptical” as to whether the plaintiffs had standing, says Michele Goodwin, a professor of constitutional law at Georgetown University.NBC News - Politics - Abortion -
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.The New York Times - Business -
Visa, Mastercard agree to lower credit-card fees in landmark merchant settlement
Visa and Mastercard agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants.MarketWatch - Business -
Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.MarketWatch - Business -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
3 ways to pay off $30,000 in credit card debt
That amount of card debt can be overwhelming, but there are ways to pay it off. Here are a few to consider.CBS News - Top stories -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
Carbon Credits Draw Fresh Attention Under SEC's New Climate Rules
Several private-equity firms have entered the carbon-credit market, seeing opportunity in the demand for high-quality credits as new pollution-disclosure rules are expected to bring more transparency to the sector.The Wall Street Journal - World - Climate -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
German Consumer Mood Improves, Uncertainty Remains
German consumer confidence improved slightly, according to the latest GfK reading, but the overall mood remained sluggish, as doubts about the economy continue.The Wall Street Journal - World - Germany -
How Kate Middleton Conspiracy Theories Consumed the Internet
A combination of gamified social platforms, distrust in media and government, unprecedented conspiratorial thinking, and even a bot influence campaign led us to this point.Wired - Tech -
Brazil's Indigenous people turn to EU to save their savanna
Yahoo News - World - European Union -
Saving Seals From a Sea of Plastic and Marine Garbage
Ocean Conservation Namibia is disentangling a record number of seals, while broadcasting the perils of marine debris in a largely feel good way.The New York Times - Top stories -
Free vapes could 'save thousands of lives', report says
Trial finds group offered vape kits and referred for support were 76% more likely to give up smoking.BBC News - Top stories -
Democrats’ Plan to Save the Republican House Speaker
Speaker Mike Johnson has faced fury from ultraconservatives after a bipartisan spending bill.The New York Times - Top stories - House -
Elie Hassenfeld Q&A: ‘$5,000 to Save a Life Is a Bargain’
Here’s Elie Hassenfeld, your high school EA crush. As effective altruism spirals into self-doubt, the idealist quant is still at it, helping Silicon Valley richies give away hundreds of millions each year.Wired - Tech