A lucky Mega Millions player in California will be ringing in the New Year as a billionaire after winning an estimated $1.22 billion jackpot in Friday night's drawing.
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.
The Panama Canal, often heralded as one of the Wonders of the Modern World, is far more than a feat of engineering—it is a cornerstone of U.S. national security and economic prosperity.
Apple has requested to participate in the next phase of the ongoing antitrust trial against Google, emphasizing that it cannot rely on Google to defend the revenue-sharing agreements that benefit both companies. The iPhone maker argues that these agreements, which make Google the default search engine on Apple's Safari browser, are central to its financial success, contributing up to $20 billion annually. In court documents, Apple stated that it received an estimated $20 billion from this arrangement in 2022 alone.
New York will fine fossil fuel companies $74 billion over the next 25 years for environmental damage. The bill creates a "Climate Superfund" that supports state projects bolstering its environmental agenda.
California Governor Gavin Newsom is reportedly weighing a proposal aimed at supporting illegal immigrants and their families in anticipation of former President Donald Trump’s potential mass deportation policies should he take office again.
