American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
President-elect Donald Trump announced Wednesday the nomination of Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner, to head the agency
Senator Richard Blumenthal, chair of the Senate Permanent Subcommittee on Investigations, criticized airlines for exploiting passengers with rising fees for luggage, seat assignments, and other services. Blumenthal's remarks came ahead of a Wednesday hearing titled "The Sky’s the Limit — New Revelations About Airline Fees," where executives from major airlines, including American, United, Delta, Spirit, and Frontier, are set to testify.
Silicon Valley venture capitalist Marc Andreessen told Joe Rogan that the Biden administration has weaponized financial institutions to "debank" entities politically opposed to the White House's agenda.
South Dakota Senator John Thune has warned the International Criminal Court (ICC) of potential sanctions if it continues its pursuit of arrest warrants against Israeli Prime Minister Benjamin Netanyahu. Thune’s statement comes as he prepares to assume the role of Senate Majority Leader in January 2025, should Republicans regain the chamber.
Spain had claimed Florida since Juan Ponce de León's exploration in 1512, reputedly looking for the Fountain of Youth.
Ponce de León named it La Florida as he explored it during the season of Pascua...
A U.S. Marine Corps veteran from California, Catherine Banks, was reportedly removed from a Delta Air Lines flight on Wednesday due to the shirt she was wearing.
According to a report from The New York Post, Paul Pelosi, the husband of former House Speaker Nancy Pelosi, sold more than $500,000 worth of Visa stock weeks before the company's antitrust lawsuit.
Republican Representative Paul Gosar (AZ) sent a letter to Vice President Kamala Harris and Defense Secretary Lloyd Austin, condemning Harris's statement that no U.S. soldiers are in active combat zones.
