Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above 5,000 level as strong earnings and economic news chugged on. The Dow Jones Industrial Average slipped 90 points,…
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Business
Average credit card balances jump 10% to a record $6,360 as more consumers fall behind on payments
Credit card debt has notched another new high. Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Balances jumped 10% from a year ago, according to a separate quarterly credit industry insights…
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Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front passenger seat weight sensor may crack and…
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Look no further than the fast-food drive-thru for evidence of inflation fatigue. Food companies have been passing along higher labor and ingredient costs to consumers long after inflation peaked at 9.1% in June 2022. Diners…
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Disney, Fox and Warner Bros. Discovery announced plans Tuesday to launch a new streaming service that could become the biggest single source of sports content for cord-cutting consumers. The three companies represent a massive share…
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The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. It comes after the rate took the sharpest jump…
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Walt Disney’s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, giving consumers a new way to access marquee live sports for the first time, the companies said Tuesday. The platform, which…
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Walt Disney’s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, giving consumers a new way to access marquee live sports for the first time, the companies said Tuesday. The platform, which…
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The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. It comes after the rate took the sharpest jump…
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The Federal Aviation Administration announced Monday that it will start taking a closer look at Boeing 737 Max 9 jets. ‘The FAA is increasing its oversight of Boeing’s production lines and suppliers, and limiting certain…