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Diego Aldana
Diego Aldana
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_credit-card-delinquencies-are-on-the-rise.webp "Credit Card Delinquencies , Are on the Rise.<br/>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. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.")
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_malaysia39s-economy-grows-4-2-in-1q-beating-expectations.webp "Malaysia's gross domestic product (GDP) grew at a rate of 4.2% in the first quarter of 2024, an increase from 2.9% growth in the preceding quarter as the economy was bolstered by strong private expenditure and a positive turnaround in exports.<br/><br/>During the press conference of the first quarter 2024 gross domestic product figures on Friday (May 17), Chief Statistician Malaysia Datuk Sri Dr. Mohd Uzir Mahidin reported that the growth was higher than the 3.9% year-on-year increase put forward in an advance estimate by the National Statistics Department as well as in a Bloomberg survey of economists.<br/><br/>Read more at https://tinyurl.com/4dbj8svx<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
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_signs-your-food-is-authentic-and-not-a-cheap-knock-off-from-pizzas-to-pasties.webp "I’m an expert and this is how to tell if what you are eating is authentic.<br/><br/>Food writer and Great British Bake Off 2019 winner, David Atherton, explained a traditional Neapolitan Margherita is protected by EU law to be made with Italian flour, tomatoes, and genuine mozzarella.<br/><br/>Hand-kneading the dough is a strict requirement and the diameter should be no larger than 35cm with a crust between one and two centimetres tall.<br/><br/>When it comes to eating a Cornish pasty, you should look out for the distinctive crimping down the sides, which traditionally served as a handle for the miner’s hands.<br/><br/>It should be filled with mince, potato, swede and onion. The beef should make up exactly 12.5 per cent of the filling with vegetables making up a quarter – seasoned with just salt and pepper.<br/><br/>He explained the New York bagel should always be boiled before being baked to create a distinctive soft texture while retaining a good chew and a golden crust.<br/><br/>He adds “If it’s not from New York , it’s just a roll with a hole.”<br/><br/>Alastair Unite, a spokesperson from from New York Bakery Co., which commissioned the research, said: “We’re on a mission to champion authenticity. That’s why we’ve teamed up with David Atherton as the nation’s ‘Chief Authenticity Expert’.")
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