ever Yes, this is true. According to recent figures from the Federal Reserve, outstanding credit card balances exceeded $1 trillion for the first time ever in June 2020. This is an all-time high and is 4.7 percent higher than the previous record set in April 2008.
STOCK MARKETS
Tesla CFO Zach Kirkhorn steps down
after 8 years Tesla has announced that company CFO Zach Kirkhorn will be stepping down from his role after 8 years at the company. Tesla CEO Elon Musk praised Kirkhorn for his hard work and dedication to the company over the past 8 years. Kirkhorn will be replaced in the role by former CFO of […]
Microsoft to lay off more employees months after letting 10,000 workers go
Microsoft has announced that it will be laying off employees as part of a restructuring plan. This is the second round of layoffs since the company announced it would let go 10,000 workers last summer. The latest round of cuts is expected to be much smaller, with reports that it may affect anywhere from hundreds […]