Among the nearly half of U.S. households with credit card balances outstanding, the average debt is $15,564. Total U.S. credit card debt was $905 billion.
All U.S. household debt totals $12.96 trillion, including $8.74 trillion in mortgage debt, $1.21 trillion in auto loans and $1.36 trillion in student loans, in addition to credit card debt.
The data were reported today by NerdWallet....More>>>
President Trump’s most hated number is getting bigger.
Trump often cites the U.S. trade deficit as a sign that America is losing to China, Mexico and other countries on trade. He uses it to justify renegotiating trade deals and slapping tariffs on other countries’ products.
And the president has promised repeatedly to cut the trade deficit. But so far this year, it’s....More>>>
Home prices rose by 21.4% year over year in February in Portsmouth, New Hampshire, and by 20.1% in Deltona, Florida. These are the two U.S. cities with the highest price growth over the 12 months, according to data reported last week by real estate brokerage Redfin.
Rounding out the five cities where prices rose the most in February are Tampa, Florida (18.8%); Jacksonville, Florida (18.7%);....More>>>
I came across NetEase (NASDAQ:NTES) in early 2013, when it was starting to become a major player in the Chinese mobile game industry. At first, I was a bit skeptical about their future growth and valuation. Video game companies are sometimes “one-hit wonders”, and decline after their top sellers lose popularity. But NetEase is an exception. After watching it for a few months, I decided....More>>>
Hands on with the MacBook Pro Apple has successfully removed a stain on the reputation of one of its biggest new products.
Consumer Reports said Thursday it can now recommend Apple’s flashy new MacBook Pro laptops after having previously refused to do so over concerns about inconsistent battery life.
Apple (AAPL, Tech30) worked with Consumer Reports over the holidays....More>>>
S3 Partners’ Ihor Dusaniwsky contends that the incredible rally in DryShips (DRYS) is not a short squeeze, but it’s not being driven by fundamentals either. He explains why:
Dryships recent price move is spectacular, but it is not a short squeeze; instead, day traders are bidding up the price of DRYS quite aggressively in hopes of short-term profits. The first time Dryships trading....More>>>
Kellogg, the food manufacturer that owns Pringles and Pop-Tarts, confirmed Tuesday that it will discontinue advertising on Breitbart.com, the far-right news and commentary site that was formerly run by a top aide of President-electDonald Trump, Steve Bannon.
The site has come under fire on social media in recent days as consumers, angered at what they say is its racist, sexist and anti-Semitic....More>>>
U.S. stocks are only a few points away from new all-time highs… But not every part of the U.S. market has been thriving. Health care stocks recently fell 12% from their August highs to their pre-election lows… hitting an eight-month low in the process. Have they bottomed? Is it time to buy? Or is this the beginning of a major downtrend? Let's take a closer look....More>>>
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I got to live out a dream of mine this summer… I took 10 days off and flew to Los Angeles. I wanted to learn how to surf. I have a goal of joining a group of my friends for their annual surf trip in Indonesia in 2018. And I need a lot of practice before hitting those world-class waves… Before I left, I called Steve – a surfing fanatic. I wanted to talk to him about....More>>>
NEW YORK The three major stock indexes movedslightly higher Tuesdayas health-care companies rallied on the results of UnitedHealth Group, outweighing declines in energy companies.
Tiffany jumped after it reported better quarterly results than analysts expected.
The Dow Jones industrial average and S&P 500 inched up 0.1% each. TheNasdaq composite climbed0.2%. Earlier, ithoveredaround....More>>>
Treasury yields on Monday notched their largest one-day drop since August after incidents of violence in Turkey and Berlin raised the specter of political uncertainty, unnerving global markets.
In Ankara, a lone gunman shot and killed the Russian ambassador to Turkey. Meanwhile, later in the trading day, a truck plowed into a Christmas market in Berlin, killing at least nine people.
Yesterday, our Under the Radar Moversnewsletter suggested going long on small cap biopharmaceutical stock Xenon Pharmaceuticals Inc (NASDAQ: XENE):
We’recounting on Xenon Pharmaceuticals breaking out of a converging wedge pattern in a bullish direction, though we’ve got plenty of good reason to expect just that. The big clues are the way XENE is not only finding support at key....More>>>
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