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In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. A recent report from the Philadelphia Federal Reserve showed credit card delinquencies at an all-time high, according to data going back to 2012. The best move for those with credit card debt is to take matters into their own hands, advised Matt Schulz, chief credit analyst at LendingTree. Home loan rates have already started to fall, largely due to the prospect of a Fed-induced economic slowdown. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves.
Persons: Greg McBride, McBride, Matt Schulz, Jacob Channel Organizations: Philadelphia Federal, Treasury, Auto, Consumers
The gist, vis-à-vis relationship status, was that in every category more women than men identify as Democrats, with the biggest gap existing among divorced Americans. According to Gallup, Cox writes, “A majority (54 percent) of divorced men identify as Republican compared to 41 percent of divorced women,” the largest gender gap among divorced people in two decades. As my colleague Thomas Edsall noted in May, in recent years there’s also a yawning gender gap among young voters, with young women becoming increasingly Democratic and young men becoming increasingly Republican. Edsall quoted the Democratic pollster Celinda Lake, who cites Donald Trump’s “chaotic and divisive style” and lack of respect, among the reasons that young women have been fleeing the G.O.P. Young women, Lake said, “want stability and are very concerned about division and the potential for violence.”All this data was collected when Joe Biden was on course to be the Democratic presidential nominee.
Persons: , , Daniel Cox, Cox, Thomas Edsall, there’s, Edsall, Donald Trump’s, Lake, Joe Biden, Kamala Harris, JD Vance Organizations: Republican Party, Trump, Survey Center, Gallup, Democratic Locations: Young
Washington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing. The lawsuit claims StubHub uses deceptive advertising of low ticket prices to lure consumers who pay vastly more after an arduous checkout process. "This is no accident — StubHub intentionally hides the true price to boost profits at its customers' expense," Schwalb said in a statement. In its lawsuit, the attorney general's office said that from 2014 to 2015, StubHub used "all-in pricing," in which the advertised price included mandatory fees. The complaint alleged that StubHub did a testing period where it randomly assigned consumers to one of the two models.
Persons: Brian Schwalb, Schwalb, StubHub, Eric Baker, Viagogo Organizations: San Francisco . Washington , D.C, Labor, of Columbia, Washington , D.C, eBay Locations: San Francisco . Washington ,, Washington ,
The problem is that taking the high road only works if politics is a sport played mainly by people who act like grown-ups, which it is not. Enter: Weird. Over the past two weeks, as “Brat” and coconut memes have taken over the internet and Kamala Harris inches closer to Donald Trump in the polls, the Democrats have finally gone low, deploying a bit of verbal jujitsu so delightfully petty it might just work. Asking “Is Donald Trump OK?,” the Harris campaign detailed a list of takeaways from the interview. Among them: “Trump is old and quite weird?”
Persons: MAGA, Kamala Harris, Donald Trump, Harris, Trump, , “ Trump Organizations: Fox News
While Michigan, Washington, Minnesota, Texas and California already had laws regulating deepfakes, Minnesota updated their law this year to require a candidate to forfeit their office or nomination if they violate the state’s deepfake laws, among other provisions. In states such as New York, New Mexico and Alabama, victims can seek a court order to stop the content. Katie Hobbs signed his proposal into law in May, along with another AI bill that requires disclosures in campaign ads. Big Tech has already taken some steps to moderate deepfake content. TikTok and Meta (the parent company of Instagram, Threads and Facebook) announced plans in recent months to label AI content, while YouTube requires creators to disclose when videos are AI-created.
Persons: deepfakes, Amy Beth Cyphert, Cyphert, Alexander Kolodin, Kolodin, it’s, , Katie Hobbs, Robert Weissman, Chuck Schumer, Sen, Mitch McConnell, Weissman, Sean Cooksey, It’s, Jessica Rosenworcel, ” Jonathan Uriarte, there’s, Dar’shun Kendrick, “ there’s, ” Kendrick, Alex Curtas, CNN’s Oliver Darcy, Sean Lyngaas, Donie O’Sullivan, Yahya Abou, Ghazala Organizations: CNN, Republican, Democrat, Department of Homeland Security, West Virginia University’s College of Law, ” Arizona Democratic Gov, Big Tech, Meta, YouTube, Swift, Public Citizen, House, Federal, Commission, Federal Communication Commission, FCC, . State Locations: Florida, Hawaii , New York , Idaho , Indiana, New Mexico , Oregon , Utah , Wisconsin , Alabama, Arizona, Colorado, Michigan, Washington , Minnesota , Texas, California, deepfakes, Minnesota, New York, New Mexico, Alabama, Florida , Mississippi, Utah, Wisconsin, Oregon and Mississippi, statehouses, robocalls, Georgia, . Arizona
Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.
Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta
Roland Garros, Paris CNN —Coco Gauff looked to be cruising against Donna Vekić in her third-round singles match at the Paris Olympics. The most fraught moment of the match came midway through the second set when Gauff was reduced to tears during a heated exchange with chair umpire Jaume Campistol. A line call on Gauff’s baseline was initially deemed out, but Campistol overruled the decision and handed Vekić a crucial break point. The supervisor also came onto the court and the ensuing debate lasted five minutes, with Gauff wiping tears away from her eyes. The ball was flying a little bit, but after that, I got in rhythm and it was pretty good.”The dispute with the umpire in the second set, Gauff later explained, didn’t alter the result of the match.
Persons: Roland Garros, Paris CNN — Coco Gauff, Donna Vekić, Gauff, Philippe, Chatrier, Jaume Campistol, Campistol, jeers, “ There’s, , ” Gauff, Patricia de Melo Moreira, Maria Sakkari, Marta Kostyuk, “ Donna, “ She’s, , Vekić, ” Vekić, “ I’m, Jessica Pegula Organizations: Paris CNN, Paris, AFP, Getty, Wimbledon ‘, Wimbledon, USA Locations: Paris
NEW YORK AP —Francine Pascal, a onetime soap opera writer whose “Sweet Valley High” novels and the ongoing adventures of twins Elizabeth and Jessica Wakefield and other teens captivated millions of young readers, has died at age 92. Pascal died Sunday, her publisher, Penguin Random House, said. Starting in 1983, Francine Pascal oversaw the completion of more than 150 “Sweet Valley High” stories with the help of others. “Sweet Valley is the essence of high school,” Pascal told People magazine in 1988. John Pascal died in 1981.
Persons: Francine Pascal, Elizabeth, Jessica Wakefield, Pascal, ” Pascal, , , , Francine Paula Rubin, John Pascal, Dallas ”, Jessica, You’ll, Jerome Offenberg, Jamie Organizations: Sunday, Penguin Random, Wakefield, New York City, New York University, Cosmopolitan, Dallas, Entertainment Locations: Sweet, Angeles, New York
PARIS — The top American tennis player Coco Gauff is out of the Olympic women’s singles under controversial circumstances after a 6-7, 2-6 defeat to Croatia’s Donna Vekic on Court Philippe-Chatrier at Roland Garros. Afterward, Gauff, who was the flagbearer for Team USA alongside LeBron James, said that she “felt that they called it before I hit. Play continued with Gauff down a break and she fought back in the next Vekic service game, but Vekic saved multiple break points, and ultimately cruised to an impressive victory by breaking Gauff again in the final game. Down 5-3 in the first set, Vekic broke Gauff at love to turn the match around. “I can’t say I would have won the match if I would have won that point.
Persons: Coco Gauff, Croatia’s Donna Vekic, Philippe, Chatrier, Roland Garros, Gauff, Serena, Williams, LeBron James, , , Patricia De Melo Moreira, ” Gauff, Vekic, Jessica Pegula, Patricia de Melo Moreira Organizations: PARIS, Team USA, Getty, Wimbledon Locations: American
On Today’s Episode:Trump’s First Major Ad Attacking Harris Hits Her on Immigration, by Shane Goldmacher and Michael GoldProtests Erupt in Venezuela as Nations Denounce Election Result, by Frances Robles, Jack Nicas and Alejandro CegarraOlympic Men’s Triathlon Postponed Because of Pollution in the Seine, by John Yoon and Catherine PorterChina, Citing Tainted Burgers, Cleared Swimmers in a New Doping Dispute, by Tariq Panja and Michael S. Schmidt
Persons: Harris, Shane Goldmacher, Michael Gold, Frances Robles, Jack Nicas, Alejandro Cegarra, John Yoon, Catherine Porter China, Tariq Panja, Michael S, Schmidt Locations: Venezuela, Seine
Learn moreThe Lost Lands Festival is known for two things: boosted bass and dinosaurs. Here's what fans can expect and how to find tickets to Lost Lands Festival 2024. Lost Lands Festival 2024 scheduleThe Lost Lands Festival only offers three-day passes, with no single-day original tickets available. How to buy tickets for Lost Lands Festival 2024Original tickets for Lost Lands Festival 2024 have sold out. How much are Lost Lands Festival tickets?
Persons: Jessica Audiffred, NERO, Ray Volpe, Rusko, Alix Perez, Alleycti, Atliens, Benda, Blaap, Dion Timmer, Dj Snake, Fresch, Gladde, Faith, Marauda, Noizu, Sullivan King, Vieze Asbak, Wilkinson, Yookie, Abstrakt Sonance, Ash, Chee, Chef Boyarbeatz, Chibs, Codd, Topgun, GG Magree, Jawns, Jeanie, Jkyl, Jon Casey, Jordnmoody, Josh Teed, Justin Hawkes, Lucille Croft, Ozztin, Pauline Herr, Perry Wayne, Pierce, Teddy Killerz, Wiley, Xotix, YVM3 Organizations: Business, Lands, Fidelity, Lost Lands, Sunday, Lost, Focus Locations: Thornville , Ohio, Legend, Columbus , Ohio, Columbus, Ganja, Hairitage, Hol, Automhate, Bainbridge, BBX, Humansion, Lumasi, Subfiltronik, Sully, Wayve
Where to see this week's double meteor shower in the USMeteors are named after the constellations they appear to radiate from. A double meteor shower worth checking outNick Moskovitz took this composite image of the Perseids meteor shower in 2023. But together, the double meteor shower offers a better chance to see two very different types of meteors on the same night. In the case of this double meteor shower, "the thing that's a little bit unusual here is that there happened to be two streams in space that are so close to one another that we see them as sort of a double meteor shower. AdvertisementAs far as meteor showers go, this double event happening tomorrow evening is one of the better ones to enjoy.
Persons: , Nick Moskovitz, Moskovitz Organizations: Service, Southern Delta, Alpha, Lowell Observatory, Business, US Meteors, Allexxandar, Southern, Global Meteor Network Locations: Southern, Arizona, Northern
Francine Pascal, a former soap-opera scriptwriter from Queens who conjured up an entire literary universe among the blue-eyed cheerleaders and square-jawed jocks of suburban Los Angeles, most notably in her long-running and mega-best-selling “Sweet Valley High” series of young-adult novels, died on Sunday in Manhattan. Her daughter Laurie Wenk-Pascal said the death, at NewYork-Presbyterian Hospital, was caused by lymphoma. With covers instantly recognizable by their varsity-style lettering and soft-focus illustrations, “Sweet Valley High” books enraptured a generation of teenage readers with the lives of Elizabeth and Jessica Wakefield, identical twins attending high school in the fictional Los Angeles suburb of Sweet Valley. The twins are “the most adorable, dazzling 16-year-old girls imaginable,” Ms. Pascal told People magazine in 1988. They, and the books, are also strikingly innocent: Even as the thoughtful Elizabeth and the scheming Jessica clash over boys, friends and spots on the cheerleading team, drugs, alcohol and sex barely permeate the 181 titles in “Sweet Valley High,” or the scores of others in the spinoffs — and the spinoffs of spinoffs — from the series.
Persons: Francine Pascal, Laurie Wenk, Pascal, Elizabeth, Jessica Wakefield, Ms, Jessica Organizations: Presbyterian Hospital Locations: Los Angeles, Sweet, Manhattan, NewYork, Sweet Valley
A survey of over 2,000 content creators conducted by the influencer marketing agency NeoReach last year found that 48% of creators earned less than $15,000 a year. Since the money that influencers make sometimes isn't enough to sustain their lifestyles, they balance content creation with other jobs. AdvertisementThe typical US-based influencer is likely to be making less than six figures and creating content part-time, according to research, surveys, and influencer interviews. Most of these creators have smaller audiences, according to former influencer marketer Emmy Petit, who is now a full-time influencer. "The idea of full-time content creation is often more glamorous than reality," Mitchie Nguyen, a content creator based in New York, previously told BI .
Persons: , NeoReach, Colin Rocker, IZEA, influencers, Jessica Ufuoma, Johnson, Jasmine Enberg, Emarketer, Anushka, Petit, Nadya Okamoto, MrBeast, Mitchie Nguyen, Enberg, TikTok Organizations: Service, YouTube, Business, Deloitte, Johnson, Influencer League Locations: Hong Kong, New York
President Biden is expected to argue that the current system of lifetime appointments for Supreme Court justices gives a president undue influence lasting decades. Credit... Tom Brenner for The New York Times
Persons: Biden, Tom Brenner Organizations: The New York
As more commuters settle into flexible working arrangements, the traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a traffic-data analysis firm. Its analysis shows fewer early morning trips and a higher volume of midday trips compared to pre-pandemic traffic patterns. Ridership sank during the pandemic, Federal Reserve Bank of St. Louis data shows, and never fully recovered. The result is a surge in traffic congestion throughout the peak midday and evening hours, according to Pishue. "Pre-Covid, the morning rush hour would be a peak and then the evening peak would be much larger," he said, describing two apexes with a valley in between.
Persons: Kevin Carter, Bob Pishue, Louis, Gallup Organizations: Getty Images, INRIX Inc, Federal Reserve Bank of St Locations: San Diego, San Diego , California
I sent them an email about the possibility of work, and we left within a week and a half. Most of these people still had family members that were just captured by ISIS, and who were very traumatized. Home life in warMy wife is very connected to the work and its mission. And we'd come back to a big house where we take showers, there's a functioning family and hot food. The kids do miss out on having a steady community, but their community is always there when they get back.
Persons: , Daniel Beiler, Rodi Said, Jessica Melanson, we've, We've, — we've, it's, There's, we're, I'd, I've, I'm, STRINGER, Beiler, Ted Shaffrey, They've Organizations: Service, Business, Islamic, ISIS, Emergency Service, Reuters Locations: Pennsylvania, Iraq, Dnipro, Ukraine, Bolivia, Syria, Ukrainian, Dnipropetrovsk, Baghdad, Mosul, STRINGER Iraq, Lancaster County , Pennsylvania, Idaho
Just after 10 p.m. on Saturday night, on the first weekend of the Paris Olympics, Jill Biden walked through the wood doors of Ralph’s Restaurant Paris, past a towering display of red, white and blue flowers, and picked up two glasses of champagne from a silver tray. Ralph Lauren, the brand that owns the restaurant in the city’s Sixth Arrondissement and is a longtime outfitter of the U.S. Olympic and Paralympic teams, hosted the party to celebrate the U.S. team. The bash — along with the Games — was a chance for the brand to show off its Olympic collections. The marketing potential of the Olympics is “as if you have three Super Bowls a day for 17 days,” said David Lauren, the brand’s chief innovation and branding officer.
Persons: Jill Biden, Ralph Lauren, , David Lauren Organizations: Paris Olympics, U.S, Olympic, Paralympic, U.S ., Games
Healthcare professionals told BI that the public's more relaxed attitude toward COVID is ultimately a good thing. AdvertisementThe long COVID scareRelaxed attitudes are not necessarily a bad thing, according to doctors. On the one hand, people are generally not getting as sick as they once did when ill with COVID, medical professionals told BI. AdvertisementMedical professionals are doing their best to understand long COVID, but admit that there's still much to learn. "When I treat people with long COVID, they are always masked," Chopra said.
Persons: , Joe Biden, Anita Chopra, Eric Chow, Edward Jones, Lopez, Chow, we've, Jessica Bender, Bender, Chopra, Long, ROBYN BECK Organizations: Service, Business, University of Washington, Public Health Seattle, Yahoo, Keck Medicine, University of Southern, Centers for Disease Control, UW, Getty, National Library of Medicine Locations: King County, University of Southern California, Seattle
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. We were saddened by the news on September 8, 2022, that Queen Elizabeth II had died at 96. My mom and Aunt Louise decided to go and pay their respects, along with tens of thousands of others who adored the queen. You had to stand in line in one queue to get a wristband to join another one. Aiden wrote to King Charles III to tell him how we metI got home a few hours later, slept two hours, and went to work.
Persons: , Jessica Stevens, Queen Elizabeth II, Aunt Louise, queued, Aiden, Aiden O'Neill, Harry Swain, wasn't, we'd, Stevens, O'Neill, King Charles III, Louise, texted, Harry, Aiden's, we've Organizations: Service, Westminster Hall, Business, Facebook Locations: Westminster, London, Ohio, Niagara Falls
Jessica Cuevas loved her job as a college counselor at a high school. She had been relying on her mother for help, but her parents have been spending more time in Mexico, leaving her without an affordable and reliable child care option. Ms. Cuevas, who is 35 and lives in Chicago, works part time from home for an education nonprofit, though the work is sporadic and the pay is inconsistent. She wants a full-time job — in part so she and her husband can buy a bigger house — but she is concerned that the expense of child care would wipe out any financial upside. “I feel like right now, considering the economy, considering just the cost of living, we feel stuck,” she said.
Persons: Jessica Cuevas, Cuevas, Locations: Mexico, Chicago
What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.
Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin
On Today’s Episode:Arson Disrupts Trains Ahead of Opening Ceremony at Olympics, by Aurelien Breeden, John Yoon and Andrew DasHarris Narrows Gap Against Trump, Times/Siena Poll Finds, by Shane Goldmacher, Ruth Igielnik and Camille BakerObama Endorses Harris for the Democratic Nomination, by Jazmine Ulloa and Reid J. EpsteinSpeculation Swirls About What Hit Trump. An Analysis Suggests It Was a Bullet, by Malachy Browne, Devon Lum, and Alexander CardiaTwo Top Mexican Cartel Leaders Are Arrested by U.S. Authorities, by Alan Feuer and Natalie Kitroeff
Persons: Aurelien Breeden, John Yoon, Andrew Das, Shane Goldmacher, Ruth Igielnik, Camille Baker Obama, Harris, Jazmine Ulloa, Reid J, Epstein, Malachy Browne, Devon Lum, Alexander Cardia, Alan Feuer, Natalie Kitroeff Organizations: Times, Democratic, Mexican, U.S . Authorities Locations: Trump
If you are a W-2 employee and get paid biweekly, there are two months out of the year when you will receive three paychecks instead of the usual two. August may be one of those months. This is a great opportunity to give your financial standing a boost, experts say. If you received your first paycheck this year on January 5, your three-paycheck months will be March and August. If you received your first paycheck on January 12, 2024, your three-paycheck months will be May and September.
Persons: Winnie Sun Organizations: Sun Group Wealth Partners, CNBC, Finance Locations: Irvine , California
On Today’s Episode:The Beginning of Biden’s Long Goodbye, by Peter BakerNetanyahu Delivers a Forceful Defense of Israel to Applause in Congress, by Annie Karni and David E. SangerThe Illicit Flow of Technology to Russia Goes Through This Hong Kong Address, by Aaron Krolik and Paul Mozur
Persons: Biden’s, Peter Baker Netanyahu, Annie Karni, David E, Aaron Krolik, Paul Mozur Organizations: Israel, Applause, Sanger, Technology, Hong Locations: Russia, Hong Kong
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