Economy

A debt hawk and a debt dove on what the future could hold for federal debt

5:39pm May 15, 2024

The U.S. debt is close to the highest it's ever been as a share of the Gross Domestic Product. Should we be concerned? The Indicator spoke to a debt dove and a debt hawk for their thoughts.

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Economy

Morning news brief

4:14pm May 15, 2024

Russian President Putin heads to China for a two-day summit. Nearly one out of five credit card users have maxed out on their borrowing. Wildfire season is underway in Mexico and Canada.

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Economy

Consumer Price Index report for April gives an idea of where inflation stands

8:51am May 15, 2024

The latest report, will not only give an update on inflation, it could also indicate if the Federal Reserve will resume lowering interest rates.

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Credit card delinquencies rose in the first three months of the year. According to the Federal Reserve Bank of New York, almost 1 in 5 card users is "maxed out," using at least 90% of their credit limit.

Economy

Americans are struggling to pay off credit card debt; Tiny Desk Contest's 2024 winner

7:43am May 15, 2024

by Suzanne Nuyen

Nearly 1 in 5 Americans have maxed out their credit card borrowing, according to the Federal Reserve Bank in New York. Tiny Desk Contest crowns its 10th anniversary winner.

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Economy

Nearly 1 out of 5 credit card users have maxed out on their borrowing

7:26am May 15, 2024

The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.

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Economy

More Americans are falling behind on credit card bills

8:01pm May 14, 2024

by Scott Horsley

Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.

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Rapper Tupac Shakur performs at the Regal Theater in Chicago, Illinois in March 1994.

It was a classic rap beef. Then Drake revived Tupac with AI and Congress got involved

12:09pm May 14, 2024

by Greg Rosalsky

AI can conjure the voice or likeness of a dead celebrity with just a few clicks. This opens a host of legal questions about the rights of the deceased and their heirs to control their digital replicas

Vinay Patel, head of Fairbrook Hotels, owns 11 hotels around Virginia.

With 'bleisure' and fewer workers, the American hotel is in recovery

8:12am May 13, 2024

by Alina Selyukh

A new type of traveler is part of the post-pandemic reset at U.S. hotels, along with fewer daily cleanings and pancake-slinging machines.

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Economy

A federal judge temporarily halts U.S. plan to lower credit card late fees to $8

11:20am May 11, 2024

by The Associated Press

The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies. The plan was set to go into effect next week.

President Biden makes his way to Air Force One after posing with highway patrol troopers in Mountain View, Calif. on May 10.

Biden will keep Trump's China tariffs, and add new ones on electric vehicles

10:20pm May 10, 2024

by Asma Khalid

The Biden administration is finally wrapping up its review of President Donald Trump's tariffs on Chinese imports. It will keep those tariffs, and add more on things like electric vehicles.