Credit card debt climbs as Americans up spending
September 27, 2021
Fifty-nine percent of Americans say they are currently carrying more credit card debt than they were at the beginning of the pandemic. The Federal Reserve Bank of New York’s “Quarterly Report on Household Debt and Credit” found that the amount of purchases paid for with credit cards rose $17 billion in the second quarter. It marked the first time that figure went up after four straight quarter of declines.
Recent News
Indeed Announces 1,000 Workers Will Be Laid Off
The job search engine is experiencing some layoffs of its own.
Walmart To Lay off Hundreds of Corporate Staff Members
Walmart is set to lay off hundreds of its corporate staff members. The retail giant will also ask their remote workers to return to the office on a hybrid schedule.
Diamond Industry Shakeup: Anglo Divorces De Beers
The diamond industry is facing a seismic shift as Anglo American Plc announces plans to part ways with its iconic De Beers business.
Home Depot’s First-Quarter Revenue Disappoints
Home Depot, a major player in the home improvement retail sector, recently released its fiscal first-quarter earnings, revealing a complex picture of consumer behavior influenced by economic factors. While the company’s earnings per share exceeded expectations, its revenue fell short, indicating a trend of deferred spending among customers.