U.S. Credit Card Debt Reaches Record High $1.13T
(Photo by Joe Radle/Getty Images) OAN’s James Myers9:10am – Thursday, February 8, 2024 Credit card debt nationwide has once again hit an all-time high, according to a new report. advertisement New data released Tuesday by the Federal Reserve Bank of New York showed that Americans’ credit card balances have reached a staggering $1.13 trillion. The […]
Debt held by US public on track to hit record high in next decade: Estimate
Federal budget analysts said Wednesday that the amount of debt held by Americans is on track to reach record highs in the coming years as the federal budget deficit is expected to rise over the next decade. The Congressional Budget Office (CBO) predicts that public debt will increase significantly over the next decade, rising from […]
Credit card debt increases by $50B to new record high – The Hill
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6 percent from the third quarter of 2023, according to a study released Tuesday. […]
Historic Southern California Storm Brings Record Flooding and Dangerous Landslides
LOS ANGELES (AP) — Rainfall from either Wettest storm in Southern California history The weather was expected to ease on Tuesday, but forecasters warned that flooding was still possible and flooded ground was raising the risk of deadly landslides. The slow-moving storm that stalled in the region Monday and dumped record rain on parts of […]
Super Bowl Gambling Breaks Record with $23.1 Billion in Betting
Super Bowl LVIII has already broken betting records at sportsbooks across the country, with a shocking $23.1 billion in stakes. of new york post Claim One in four Americans will bet on the Super Bowl, and in total, up to 68 million Americans will bet on the outcome of the game. This is a significant […]
Credit card debt increases by $50B to new record high
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. of Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6% from the third quarter of 2023, according to a report released Tuesday. […]
2023 was the hottest year on record, driving up utility costs and homeowners insurance prices
Rising temperatures could lead to more natural disasters, leading to more insurance claims and higher interest rates. (iStock) Global temperatures are rising, and last year was the hottest year on record. Copernicus Climate Change Service. As temperatures rise, so does the cost of cooling your home. Last summer, natural gas consumption reached an all-time high. […]
California storms ease after record rainfall leaves threat of landslides | California
A powerful atmospheric river storm that brought record rain to California in recent days was expected to weaken by Tuesday, but forecasters said the risk of flooding and landslides remained. The severe weather caused damage across the state, with heavy winds and rain causing downed trees and devastating landslides, leaving homes and buried vehicles. At […]
Credit card debt smashed another record high at the end of 2023
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. Americans are increasingly turning to credit cards to cover everyday expenses, with debt hitting a record high at the end of […]
Record rain dumped on parts of Los Angeles
Recent storms have dumped record amounts of rain on Los Angeles, with forecasters warning of the risk of landslides and flooding. The National Weather Service (NWS) announced that the storm could remain in the area until Wednesday, according to the Associated Press. The rain was expected to ease by Tuesday, but heavy downpours with 0.5 […]