230808-shopping-bags-florida-ew-1151a-d8a1bb-fqexGT-800x533.jpg
STOCK MARKETS

Credit card balances jump and are above $1 trillion for the first time

Posted on Author Comments Off on Credit card balances jump and are above $1 trillion for the first time

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.

admin

Related Articles

230817-ups-teamsters-al-1446-5d6acc-nKYYtK.jpg
STOCK MARKETS

UPS workers overwhelmingly approve new contract, ending strike threat

Posted on Author

United Parcel Service (UPS) workers have overwhelmingly voted to approve a new labor contract, ending the threat of a prolonged strike. The Teamsters union, which represents about 250,000 UPS workers, announced yesterday that the vote was 77.9 percent in favor of the contract and 22.1 percent against. The current contract, which was due to expire […]
STOCK MARKETS

Housing market may be thawing as rates dip and listings inch higher

Posted on Author

The housing market may be thawing due to recent changes in mortgage rates and the amount of listings available. In the months of July and August, mortgage rates have dropped from a high of 4.31 percent in June to a low of 3.75 percent in August. This drop has resulted in more home buyers entering […]

231207-stamford-ct-construction-site-workers-ac-1005p-a5340d-U70zDG.jpg
STOCK MARKETS

Blue-collar hiring and pay gains stay hot in a cooling job market

Posted on Author

Blue-collar hiring and pay gains remain strong in a cooling job market, largely driven by the still-hot housing market and ongoing demand for transportation workers, according to the latest jobs report. The Bureau of Labor Statistics reported that job gains in construction, transportation, and warehousing hit a record at the end of June and wages […]