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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Business
New sports bundle could give cord-cutting fans their biggest single source of content yet
by adminDisney, 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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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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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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Business
ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year
by adminWalt 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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Business
FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster
by adminThe 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 …
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Inflation is slowing and consumer confidence is rising, but so is credit card debt. That’s where rewards programs can help. Most cardholders have access to them and are taking advantage at an unprecedented rate: The …
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Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than …
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People who bet on a slowdown in the U.S. job market lost again last month. The economy added 353,000 jobs in January, the Bureau of Labor Statistics said Friday. That’s nearly double what economists expected and well …