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Americans’ monthly debt payments surge since the pandemic

Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. The average amount Americans pay just to cover their debt payments has soared by $350 a month in recent years, due to a combination of rising prices, ballooning balances, and prohibitively high […]

Netflix’s cheaper ad tier surges to 23M monthly active users: ad chief

Netflix has seen a sharp rise in the number of subscribers to its low-cost ad inventory, which the company said has jumped by 8 million over the past two months. The streaming giant will roll out its $6.99 per month Basic With Ads plan in November 2022 and has more than 23 million monthly active […]

Monthly home payments fall 14 percent, hit lowest level in almost a year: report

Media reports say U.S. mortgage payments fell by nearly $400 in December from their October peak, drawing some homebuyers back into the market, according to a Thursday report from real estate group Redfin. The median mortgage payment for the four weeks ending Dec. 31 was $2,361, according to Redfin research. That's $372 (14%) less than […]

Monthly Migrant Encounters in December Exceed 300K for First Time

The number of migrant encounters along the southern border exceeded 300,000 in a month for the first time, according to a report citing unofficial CBP sources. The report says December was the busiest month on record for migrant encounters along the Southwest border. U.S. Customs and Border Protection agents, including Border Patrol agents and CBP […]