Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal Reserve reported Tuesday.
Category Archives: business
Banks hit with $549 million in fines for use of Signal and WhatsApp to evade regulators
U.S. regulators on Tuesday announced a combined $549 million in penalties against Wells Fargo and a raft of smaller or non-U.S.
Campbell Soup buying makers of Rao's pasta sauce for $2.7 billion
Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces.
Nearly 10,000 people have offered to change their names to 'Subway' to win free subs for life
The hunger is real.
Mega Millions jackpot reaches a record $1.55 billion
The Mega Millions jackpot has reached an estimated $1.55 billion, the largest prize in that lottery’s history. If one ticket wins on Tuesday, the cash option would be just over $757 million.
Niger coup leaders refuse to let senior U.S. diplomat meet with nation’s president
A senior U.S. diplomat said coup leaders in Niger refused to allow her to meet Monday with the West African country’s democratically elected president, whom she described as under “virtual house arrest.”
South Korea begins evacuating thousands of global Scouts from its coast as a tropical storm nears
Buses began moving tens of thousands of Scouts to inland venues Tuesday ahead of a tropical storm, bringing an effective end to a World Scout Jamboree that had already struggled with heat, hygiene and land use controversies.
Deadly Russian missile strikes destroy hotel and apartments, Ukraine says
Russian missiles struck the eastern Ukrainian city of Pokrovsk twice on Monday night, destroying a popular hotel and apartments, killing at least seven people and wounding scores, officials said on Tuesday.
Record $1.55 billion Mega Millions jackpot is on the line
The odds are long, but Tuesday’s Mega Millions drawing could yield a record-setting jackpot if estimates of a $1.55 billion top prize are correct.
Man rescued after nearly 2 days at sea in a 12-foot fishing boat
A man in a shallow 12-foot fishing boat that ended up taking on water was found alive over the weekend after having spent nearly two days on the ocean off Florida, officials said.