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TAIPEI, Taiwan— A strong Typhoon Kong-rey made landfall on Taiwan’s east coast on Thursday, the largest storm by size to hit the island in nearly 30 years, closing financial markets, causing hundreds of flights to be canceled and reducing rail services. The fire department reported one person had died when their truck hit a fallen tree in central Taiwan. A firefighter inspects a roof blown away by strong winds and rain from Super Typhoon Kong-rey in Hualien County, Taiwan, on Thursday. Parts of eastern Taiwan have recorded 3.3 feet of rainfall since the typhoon began approaching on Wednesday. The last one, Typhoon Krathon, killed four people earlier this month as it passed through the south of the island.
Persons: rey, , Lai Ching, Gene Huang, ” Sinan Rapongan, Krathon Organizations: Weather Administration, Typhoon Kong, AFP, Getty Images, Reuters, Taiwan Semiconductor Manufacturing, Apple, Nvidia Locations: TAIPEI, Taiwan, Taiwan’s, Taitung, Typhoon, rey, Hualien County, China, Fujian province, Shanghai
Credit card delinquencies surpass pre-pandemic levels
  + stars: | 2024-01-11 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +3 min
New York CNN —More Americans are buckling under the weight of mounting credit card debt. The Philadelphia Fed analyzed consumer credit card and mortgage data that large banks provide to the Federal Reserve on a quarterly basis. As such, a greater share of people are revolving all or part of their credit card balance. This nearly three-year stretch of high inflation and strong consumer spending has helped to send consumer debt — especially credit card balances — ballooning. It’s typically practical matters — that surprise medical bill, unexpected home or car repair, and day-to-day expenses — that get people into credit card debt, Rossman said.
Persons: New York CNN —, Gene Huang, Anna Veksler, , Ted Rossman, Bankrate, Rossman, “ That’s, it’s, Organizations: New, New York CNN, Federal Reserve Bank of Philadelphia, Philadelphia Fed, Federal Reserve, Philly Fed, CNN Business Locations: New York
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