Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Credit Card Delinquencies Are on the Rise
Credit Card Delinquencies , Are on the Rise.
New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports.
.
In Q1 2024, delinquencies reached
8.9% at an annualized rate.
America hasn't seen this high of a
percentage of serious credit card
delinquencies since 2012, Fox News reports.
.
In the first quarter of 2024, credit
card and auto loan transition rates
into serious delinquency continued
to rise across all age groups, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
An increasing number of borrowers
missed credit card payments,
revealing worsening financial
distress among some households, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
Researchers aren't sure why delinquencies
are so high since the unemployment rate
is low, but they have a few theories.
One of those theories is that consumers drained savings throughout the pandemic
but continue to spend at high levels.
Another theory is that some Americans switched to jobs with lower salaries.
Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.
These are all kinds of complex issues.
We don't exactly know what's behind the
increase of these delinquency rates.
But it's
definitely something that we're tracking, New York Fed researchers, via Fox Business.
The average annual percentage rate for
credit cards hit a record of 20.72% recently.
Fox News reporter Peter Doocy and White House Press Secretary Karine Jean-Pierre clashed over President Biden's plan to limit events after 8 PM. Doocy sarcastically questioned late-night decision-making, while Jean-Pierre insisted Biden was joking. The exchange highlighted tensions between the press and the White House. Biden's campaign team defended his schedule, comparing it to previous presidents and contrasting it with Trump's habits.
#FoxNews #PeterDoocy #KarineJeanPierre #WhiteHouse #WhiteHousePressBrief #WhiteHousenews #USnews #Biden #JoeBiden #Oneindia #Oneindianews
~HT.178~PR.320~ED.101~GR.124~
Spinach Recalled , After Testing Positive for Listeria.
Over 40 spinach products are being recalled after testing positive for the bacterial illness, according to federal health officials. .
The recall for "Fresh Spinach" was issued by
Solata Foods LLC in New York, Fox News reports. .
The spinach was tested by the New York State Department
of Agriculture and Market Food Inspectors.
Listeria was found in a "9-ounce package of Bogopa fresh spinach," Fox News reports. .
Production of the product has been halted.
Consumers are being advised to
return the affected product for a refund. .
No illnesses have been reported yet.
People who consume listeria can
develop listeriosis, which ranges in
severity and can last up to several weeks.
Symptoms include "fever, muscle aches, nausea, vomiting, and diarrhea," Fox News reports.
Serious cases can result in "headache, stiff neck, confusion, loss of balance and convulsions," Fox News reports.
The bacterial infection can be fatal in
children and other susceptible people.
Credit: Wibbitz Top Stories Duration: 01:31Published
Boycotts Lead SXSW to, Drop US Military Sponsors, for 2025 Festival.
On June 26, South by Southwest (SXSW) announced that the
United States Army would no longer be sponsoring the
2025 festival after boycotts by artists and panelists occurred in 2024.
On June 26, South by Southwest (SXSW) announced that the
United States Army would no longer be sponsoring the
2025 festival after boycotts by artists and panelists occurred in 2024.
After careful consideration,
we are revising our sponsorship
model. As a result, the U.S. Army,
and companies who engage in
weapons manufacturing, will
not be sponsors of SXSW 2025, SXSW statement, via Fox News.
Fox News reports that over 80 artists and panelists pulled
out of the 2024 festival "in solidarity with Palestine,"
according to the Austin for Palestine coalition.
Fox News reports that over 80 artists and panelists pulled
out of the 2024 festival "in solidarity with Palestine,"
according to the Austin for Palestine coalition.
The group called for a boycott of SXSW
over the organization's ties to the U.S. military
and weapons-manufacturing companies. .
In 2024, the U.S. Army, Defense Department, , Raytheon and L3Harris , all sponsored the SXSW festival.
In 2024, the U.S. Army, Defense Department, , Raytheon and L3Harris , all sponsored the SXSW festival.
We appreciated the opportunity
to join South by Southwest in 2024.
With U.S. Army Futures Command
headquartered in Austin, we value
any opportunity to join with our
community to ignite discovery
and make new connections. , Lt. Col. Jamie Dobson, U.S. Army Futures Command Spokesperson, via Fox News Digital.
The Army will continue to
seek opportunities to meet
technology innovators and
leaders, explore new ideas
and insights, and create dynamic
industry partnerships because
tomorrow is worth protecting. , Lt. Col. Jamie Dobson, U.S. Army Futures Command Spokesperson, via Fox News Digital.
Bands and artists participating in the boycott,
including Squirrel Flower, Scowl and Okay Shalom,
explained why they protested the 2024 festival. .
There are many ways SXSW is harmful
to working musicians, but I am pulling
out specifically because of the fact
that SXSW is platforming defense
contractors including Raytheon
subsidiaries as well as the U.S. Army,
a main sponsor of the festival, Squirrel Flower, also known as
Ella Williams, via Instagram.
Genocide profiteers like Raytheon
supply weapons to the IDF, paid for
by our taxes. A music festival should
not include war profiteers. I refuse
to be complicit in this and withdrawl
[sic] my art and labor in protest, Squirrel Flower, also known as
Ella Williams, via Instagram.
Genocide profiteers like Raytheon
supply weapons to the IDF, paid for
by our taxes. A music festival should
not include war profiteers. I refuse
to be complicit in this and withdrawl
[sic] my art and labor in protest, Squirrel Flower, also known as
Ella Williams, via Instagram
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald’s Ends , AI Drive-Thru Test With IBM.
Fox News reports that McDonald's has decided to end its artificial intelligence drive-thru program. .
According to 'Restaurant Business,'
McDonald's Chief Restaurant Officer Mason Smoot said
the decision was made "after a thoughtful review.".
McDonald's has decided to end
our current partnership with IBM
on AOT [automated order taking]
and the technology will be shut
off in all restaurants currently testing
it no later than July 26, 2024, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
The program, which started
in 2021, saw over 100 McDonald's
locations help test the new technology.
While there have been successes
to date, we feel there is an
opportunity to explore voice
ordering solutions more broadly, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
According to Smoot, McDonald's will make
"an informed decision on a future voice
ordering solution by the end of the year." .
The goal of the test was
to determine if an automated
voice ordering solution could
simplify operations for crew
and create a faster, improved
experience for our fans, McDonald's statement, via Fox News.
The company echoed Smoot's sentiment in
a statement to Fox News, while also addressing
the future of AI programs at McDonald's.
After thoughtful review, McDonald’s
has decided to end our current global
partnership with IBM on AOT beyond
this year. IBM remains a trusted
partner and we will still utilize
many of their products
across our global system, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
George Strait Sets New , US Concert Attendance Record.
Strait played in front of 110,905 fans at Texas A&M's Kyle Field on June 15, Fox News reports. .
The feat broke the all-time concert attendance record in the U.S. which was previously held by the Grateful Dead. .
The feat broke the all-time concert attendance record in the U.S. which was previously held by the Grateful Dead. .
In 1977, the Grateful Dead played to
107,019 fans at New Jersey's Raceway Park. .
Breaking records isn't anything new for Strait.
He has the most No. 1 singles in any music genre, and he's the only musician to get a top 10 hit every year for the past three decades, Fox News reports. .
He's also had the most No. 1 country albums, selling over 120 million records globally.
Among those in attendance at Kyle Field on
June 15 were Gov. Greg Abbott and Sen. Ted Cruz.
Among those in attendance at Kyle Field on
June 15 were Gov. Greg Abbott and Sen. Ted Cruz
Credit: Wibbitz Top Stories Duration: 01:30Published
Speaking in the Oval Office, Biden said passions were running high on both sides and the stakes of the election were enormous but that violence was not the answer, adding "We can do this".
Credit: euronews (in English) Duration: 02:23Published
In a critical prime-time address, President Joe Biden urges Americans to reject political violence and resolve their differences peacefully following the attempted assassination of former President Donald Trump. Highlighting the importance of civility in political discourse, Biden calls for unity and condemns the normalization of violence. Watch his powerful message and join the discussion on how we can heal as a nation.
#BidenSpeech #RejectViolence #Unity #TrumpAssassinationAttempt #PoliticalDiscourse #AmericanDemocracy #DonaldTrumpAssassination
President Joe Biden's asking Americans not to jump to conclusions about the man who shot Donald Trump ... urging people not to make assumptions about his.. TMZ.com
Middle-Aged Americans Are, Underprepared for Retirement, , Study Finds.
'Newsweek' reports that people in the United States
who are approaching retirement age may be critically
underprepared when it comes to their savings.
According to Prudential Investments, Americans around
the age of 55 are facing a "midlife retirement crisis,"
lacking the funds for a comfortable post-working life. .
A recent survey by the major insurance
provider found the average retirement
savings of a 55-year-old to be $47,950. .
This falls significantly short of the recommended
goal of having eight times a person's annual
income saved by the time they reach 55. .
According to the survey, 57% of 55-year-olds
said they expected to outlive the funds
they have currently managed to save.
That's compared to 59%
of 65-year-olds and
52% of 75-year-olds.
The survey also found that one-third of 55-year-olds
and 43% of 65-year-olds have already been forced
to postpone retirement due to inflation.
Attention today is rightly centered on
the approximately 11,000 65-year-olds
entering retirement every week, but we
must also focus as an industry on the
opportunity to help a slightly younger
generation of workers entering the
critical 10-year countdown to retirement, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'.
Further, the financial futures
of certain cohorts—such as
women—are especially precarious, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'.
The upside is that, with the right
planning and strategy to protect
their life's work, we can ensure
this generation is well-prepared
to live not only longer, but better, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
Discover what hypergamy is and why it's becoming popular in modern dating. Learn how this trend impacts relationships and personal aspirations, based on insights from a recent survey of 2,000 Americans.
#Hypergamy #ModernDating #RelationshipGoals #DatingTrends #PersonalAspirations #AmericanCouples #AmericanYouth
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