#USANews

[demdivinepromo]

Candace Owens visa was cancelled by Australia, after posting lies about Kamala Harris's black ancestry to over 20 million viewers days before the election. 160 million people are registered to vote in the United States. Owens lies on Kamala Harris could impact the election. Owens who has mixed race children herself, Youtube channel was demonetized by last week, after her false remarks.

[usadvlottery]

The Most Amazing Skyscrapers in New York City

New York, United States of America 🌎

[usadailynews90]

Birds In Brazil, 'Schwarbombs': This Week In Philly Sports

[fan-art-ic]

Saved from Signal

[dremilioastutoworld]

The Biggest Match of All Time! Palestinian Women Football Team vs. Dublin's Bohemian! Song by É Roscha!

[thedailyshows]

Todd and Julie Chrisley report to federal prisons

The Daily Shows USA Todd and Julie Chrisley report to federal prison tax fraud are now in the custody of federal prison officials, according to their counsellor Alex Little.

The couple, sentenced to prison last month in November for fraud and tax crimes, reported to their trusted prisons in Florida and Kentucky before Tuesday’s deadline, which was noon local time, Little related to the Daily Shows.

See More : thedailyshows.com

[motilaloswaljaipur1]

Adani Stocks Crash 20% Following Allegations of US Solar Contract Bribes

With US authorities accusing founder Gautam Adani of taking part in a $250 million(~Rs 2,100 crore) bribery plan to obtainsolarenergy contracts in India, the AdaniGroup is under increased scrutiny. Adani, Sagar R. Adani, and Vneet S. Jaain are charged in the Brooklyn, New York, indictment with masterminding a complex operation that involved breaking federal law and making false statements toUSinvestors.

Open Free Demat account: https://ekyc.motilaloswal.com/Partner/?diyid=7ee80e7d-dc34-4ef2-b5ed-a7a4d9294f8e

To Get An Expert Advice & Open Account | Call +917568647300

[upclerks]

The death toll in Gaza from ongoing Israeli strikes has reached nearly 44,000, with at least 50 more Palestinians killed in the latest attacks. According to a

[allnewsroundtheclock]

Mexico beats Honduras 4-0 to advance to Nations League semifinals

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[bbcnews03]

The study also showed that people’s incomes are gradually rising in proportion to their debts

Credit card debt continues to hit record highs, but the overall balances are less than the pre-pandemic levels and the average balances are less than the borrowers’ incomes, and delinquencies are stabilizing.

Credit card balances are higher but so are the paychecks of many borrowers.

The Federal Reserve Bank of New York reported this week that U.S. consumers have racked up a record $1.17 trillion in credit card debt.

However, the researchers pointed out that although there are still significant dangers associated with accruing large balances, the evidence shows that “increases in debt loads are still easily bearable” by the average consumer.

It is a discovery that may come as a shock to the electorate after a recent election in which the majority returned the federal government to Republican control due to economic discontent.

But while major, chronic household costs persist to burden millions of families, especially those with lower income levels, President-elect Donald Trump is set to take over a sound overall economy buoyed by consumers’ unrelenting spending spree.

Indeed, many are doing so without much serious economic consequences.

Another report this week from the credit rating agency TransUnion revealed that the pace of credit card delinquencies is moderating, dropping from 2.43% in Q3 last year to 2.34% in the same period this year.

One of the reasons for the improvements is pay. Earnings growth has been 6.2% per year since the start of the pandemic while the cumulative debt balance has increased by 4% per year.

For this reason, the debt to income ratio among the consumers in the United States has been gradually coming down in the post Covid period from 86 percent in 2019 to 82 percent as of now, according to the report.

That is even as credit card balances climbed to stratospheric levels, increasing by $24 billion only in the third quarter, 8.1% more than a year earlier.

And disposing of it they are. The Commerce Department released figures on Friday that showed that retail sales were up 0.4% in October.

That’s below September’s revised 0.8% increase but marks a strong string of spending leading into the holiday shopping season.

Payroll data from the Bureau of Labor Statistics showed that hourly earnings increased 0.4% in the last month, which is better than expected, and the inflation rate has not outpaced wage growth since January 2023.

That dynamic has meant the median-income household is financially in a better position than it was before the pandemic.

The average salary demanded by Americans from employers has risen to a record $81,822, according to the New York Fed in its latest survey this spring, forcing many employers to continue to increase offers even if the job market is cooling.

“When inflation was higher and costs were outpacing income, more often than not, it was credit that filled the void,” said Greg McBride, the CFA at Bankrate.

“Now that inflation pressures have moderated, prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses.”

Still, the New York Fed report shows just how normal it has become for so many Americans to be in the red.

The data also leads to the following questions regarding the impacts of persistent debt to the households of different classes in an economy that is characterized by extreme levels of income inequality that is still largely defined along the demography.

The researchers pointed out that these aggregate measures do not reflect the true borrower income, race and age at the household level and while delinquencies have slowed down, they remain high and are still causing stress to borrowers.

“Debts — and incomes — are not distributed evenly over the population,” they said.

For instance, as the report pointed out, after the financial crises of the recent decades, lenders successively raised the requirements for mortgage towards older, higher income, and better credit quality borrowers.

Some of the changes in the degree to which households are managing their debts also captures who gets credit in the first place.

TransUnion also observed a similar trend in its report indicating that credit card issuers “in many cases have tightened underwriting standards which may have resulted in lending to borrowers less likely to grow balances quickly.”

“Such borrowers with credit card and auto loan look very different from the higher income earners with bigger mortgages,” the New York Fed researchers said.

McBride said auto loans can be particularly challenging to navigate if one has a constrained budget.

He said many borrowers are still paying for more expensive cars because of the sticker prices that came with the post-pandemic effects, and this can be problematic even with a good car note.

“What that means is the balance declines more slowly,” he said.

Thus, credit card and auto loan delinquencies are the highest in a dozen years, even for the higher-risk borrowers, and this is with unemployment at 4%.

Those numbers would go up in a big way if the economy hits the skids.”

[news-of-news]

North Korean Soldiers Spotted in Russia – Similar to 1971 India-Pakistan War

South Korea’s National Intelligence has shared satellite pictures showing North Korean soldiers in Russia. These soldiers are seen at a training ground near Vladivostok and another military base in Khabarovsk. There are also reports of more soldiers stationed at Blagoveshchensk. Before going to Russia, they were trained in North Korea by Kim Jong-un himself. Some say this situation reminds them of the 1971 India-Pakistan war.

#NorthKoreaRussia #IndiaPakistan1971 #KimJongUn #InternationalNews #NorthKoreaNews #USANews

[demdivinepromo]

Candace Owens visa was cancelled by Australia, after posting lies about Kamala Harris's black ancestry to over 20 million viewers days before the election. 160 million people are registered to vote in the United States. Owens lies on Kamala Harris could impact the election. Owens who has mixed race children herself, Youtube channel was demonetized by last week, after her false remarks.

[usadvlottery]

The Most Beautiful View of Grinnel Lake,

Montana, United States of America 🌎

[todaysusa24]

Donald Trump and Kamala Harris are essentially tied in new polling.

Donald Trump and Kamala Harris are essentially tied in new polling.

Read More : https://tinyurl.com/ymxyeu3u

#DonaldTrump #KamalaHarris #newpoling #todaysusa24 #usanews #FoxNews

[enokexpress]

Express Enok is your go-to source for timely and reliable news updates from the USA, Canada, UK, and India. Stay informed with real-time coverage of breaking news, politics, business, and more. Trust Express Enok to keep you updated on the latest developments around the world,