The current landscape of American consumer debt overwhelms with staggering figures: $1.18 trillion in credit card debt, a reflection of not just spending habits, but also a broader economic malaise. As we sail through 2025, the average credit card burden per borrower stands at an alarming $6,371. This isn’t merely a statistic; it represents the
CrowdStrike, a powerhouse in the cybersecurity industry, recently found itself in murky waters as shares plummeted by more than 6% in response to lackluster revenue forecasts for the upcoming quarter. Investors, who once viewed this company as an invincible fortress against digital threats, are now questioning its structural integrity. The anticipated revenue range of $1.14
Just last week, mortgage rates took a slight tumble. Conventional wisdom would suggest that lower rates should invigorate mortgage demand; however, this has proven to be a mirage. Total mortgage application volume plummeted by 3.9% compared to the week before, according to the Mortgage Bankers Association’s index. It seems that despite a drop in the
In an era where retail theft has reached alarming proportions, a recent nationwide operation in the United States shines a stark light on this critical issue. Dubbed as the first coordinated crackdown on organized retail crime, it has resulted in hundreds of arrests across 28 states. This operation, spearheaded by the Cook County regional organized
In a world characterized by economic interdependence, the concept of bilateral negotiations often strays far from the idealistic narratives we hear in political speeches. President Donald Trump’s recent comments regarding the difficulty of making a deal with Chinese President Xi Jinping epitomize this reality. While Trump claims a fondness for Xi—albeit alongside an acknowledgment of
CrowdStrike, a notable player in cybersecurity, has recently witnessed a jarring 7% drop in its stock value during after-hours trading, a stark reminder of the volatile nature of the tech market. The company’s latest forecast was less than favorable, revealing potential strains that investors and stakeholders cannot ignore. While earnings per share (EPS) increased to
The recent announcement from the Trump administration regarding the resumption of wage garnishments for individuals defaulting on student loans is nothing short of a disgrace. As the world tentatively emerges from the shadow of the Covid-19 pandemic, the last thing the American public needs is an aggressive push to penalize citizens who have struggled amidst
In a daring move that reeks of both innovation and desperation, Peloton has stepped into the secondhand market with the launch of its Repowered platform. This new initiative aims to create a marketplace for reselling used exercise equipment and gear, specifically targeting the vibrant community of dedicated Peloton users who may have succumbed to the
Klarna, the Swedish fintech giant, has long been synonymous with enabling consumers to “buy now, pay later” (BNPL). This model has gained immense popularity, especially among the millennial and Gen Z demographics, becoming a staple in online shopping. However, the company’s recent announcement of the Klarna Card signals a pivotal shift in its strategy —
The recent passage of a sweeping tax cut package by House Republicans is not just a legislative move; it’s an economic time bomb waiting to explode. The bill, affectionately dubbed the “One Big Beautiful Bill Act” by its proponents, is projected to add an astonishing $3.1 trillion to the national debt over a decade, according