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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.

Credit Card Delinquencies Are on the Rise

⏲ 1:31 👁 33M

7NEWS Australia

Former Qantas CEO Alan Joyce’s huge paycheck revealed | 7 News Australia

⏲ 3 minutes 20 seconds 👁 1.5K

7NEWS Australia

Qantas boss Alan Joyce revealed as highest paid Australian CEO | 7NEWS

⏲ 2 minutes 21 seconds 👁 783

The newly introduced withdrawals from the Employees Provident Fund's (EPF) Account 3 are expected to stimulate economic activity without significantly affecting inflation, said Bank Negara Malaysia (BNM) Governor Datuk Abdul Rasheed Ghaffour.<br/><br/>Speaking at a press conference on Friday (May 17) during the announcement of the first quarter 2024 gross domestic product figures, Abdul Rasheed indicated that the impact of the flexible account withdrawal, as well as a planned salary increase for civil servants would be minimal. <br/><br/>Rasheed further reported that headline inflation in the country is anticipated to remain moderate this year, ranging between 2.0 per cent and 3.5 per cent, reflecting stabilising demand and contained cost pressures.<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

BNM projects limited inflation impact from EPF Account 3 withdrawals, civil servant salary rise

⏲ 10:0 👁 3.8M

7NEWS Australia

Qantas CEO Alan Joyce flags cheaper airfares as capacity increases | 7NEWS

⏲ 1 minute 49 seconds 👁 5.1K

7NEWS Australia

Former Qantas CEO Alan Joyce paid $21.5 million as he exited company | 7 News Australia

⏲ 1 minute 47 seconds 👁 1.6K

April's Consumer Price Index (CPI) data showed shelter prices increased 5.5% year over year, adding to the already costly price of housing investment. With mortgage rates high and housing inventory low, how can investors find a good entry point into the housing sector? Morgan Stanley Real Estate Investing Co-CEO Lauren Hochfelder joins Wealth! to break down Morgan Stanley's real estate investing megatrends and advise investors on what to consider when investing in the housing sector. Hochfelder notes that growth in e-commerce will drive demand for warehouses, creating \

Morgan Stanley's top real estate investing 'megatrends'

⏲ 5:11 👁 55K

ABC News (Australia)

If companies report CEO pay ratios, it could increase your wage | The Business

⏲ 3 minutes 55 seconds 👁 4.3K

ABC News (Australia)

Shareholders furious at Qantas management

⏲ 2 minutes 25 seconds 👁 224

Sony's annual operating profit for fiscal 2023 fell 7%, dragged down by a decline in its financial services division. However, revenue increased 19% year over year. PlayStation 5 sales narrowly missed Sony's revised down target, and The Japanese gaming giant expects weaker PS5 sales in fiscal 2025. Sony restructured its gaming division, appointing new CEOs for platform and studio businesses. Sony is forecasting a 5% decline in group revenue for fiscal 2024.

Sony's Profit Drops 7% as PlayStation 5 Sales Fall Short, Weaker Sales Expected in 2025

⏲ 0:36 👁 860K

7NEWS Australia

Qantas boss Alan Joyce tops list of highest paid CEOs | 7NEWS

⏲ 1 minute 21 seconds 👁 246

Sky News Australia

Qantas CEO says airline is improving faster than expected

⏲ 2 minutes 46 seconds 👁 568

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