In the final quarter of last year, 11.2 percent of credit card holders were making only minimum payments on their accounts, according to data from the Federal Reserve Bank of Philadelphia.
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CONSUMER CONFIDENCE PLUNGES DEEPER
Consumers’ confidence in the U.S. economy sank deeper into darkness as Donald Trump’s tariff war escalated in the first week of this month, according to the University of Michigan’s initial April survey of consumer sentiment.
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SLAVELANDIA: FOUR IN FIVE AMERICANS ARE FINANCIALLY STRESSED
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
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U.S. INFLATION EASED FURTHER IN MARCH
Headline inflation ticked down 0.1 of a percentage point to 2.4 percent in March after settling at 2.5 percent the month before, the first time since May 2020 that the rate has declined two months in a row, the U.S. Labor Department reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency.
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RECORD NUMBER OF AMERICANS PAY ONLY CREDIT CARD MINIMUM, ILLUMINATING ECONOMIC HARDSHIP
The Federal Reserve Bank of Philadelphia issued a report last week that showed distress in the personal credit market, with a record number of account holders just making minimum payments on their credit cards.
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IS THE WATER YOU DRINK KILLING YOU? 122 MILLION AMERICANS COULD BE DRINKING CONTAMINATED TAP
Newly released analysis of tap water across the U.S. raises the concern that 6,000 water systems in 49 states had dangerous levels of trihalomethanes, a chemical that is created by the breakdown of cleaning products mixed with organic matter like animal waste.
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U.S. RENEWS STRIKES IN YEMEN
The U.S. military on Friday renewed its bombing campaign on civilians in Yemen—in the name of fighting the Houthis—and struck agricultural and residential areas surrounding Sanaa, the country’s capital, according to a report.
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U.S. DELEGATION CALLS INITIAL TALK WITH IRAN ‘CONSTRUCTIVE’ AFTER BELLICOSE LANGUAGE FROM THE WHITE HOUSE
The White House announced Saturday that its delegation in Oman—led by U.S. President Donald Trump’s envoy Steve Witkoff—had “positive and constructive” talks with the Iranians over its nuclear program and came one step closer to “achieving a mutually beneficial outcome.”