Credit card defaults in the United States have reached their highest level in 14 years, highlighting a growing financial challenge for consumers. From January to September 2024, defaults skyrocketed to $46 billion,…
Author: Jason Chang
Buying a Home in 2025: How the Property Market Might Shape Up – Digital News Report
President Joe Biden, in his recent address, highlighted economic developments that could influence the housing market by 2025. Rising interest rates and changing borrowing dynamics remain key factors for prospective homeowners. Experts…
Biden Blocks Nippon Steel’s Acquisition of US Steel Citing National Security – Digital News Report
Biden has blocked Nippon Steel’s acquisition of US Steel, citing national security concerns. This decision comes amidst pressure from the United Steelworkers union and the political sensitivities of the upcoming 2024 US…
U.S. Weekly Jobless Claims Steady Amid Economic Shifts – Digital News Report
The Labor Department will release its weekly unemployment benefit claims report on Thursday. For weeks, the number of new applications for unemployment benefits has remained steady. Two weeks ago, the figure reached…
Starbucks Strike Closes 59 Stores as Workers Demand Better Contracts – Digital News Report
Starbucks baristas have launched a five-day strike, resulting in the closure of at least 59 stores across the United States. The strike, organized by Starbucks Workers United, began on Friday in major…
The Container Store Files for Chapter 11 Bankruptcy Amid Financial Challenges – Digital News Report
The Container Store Group Inc., a leading home goods retailer, has filed for Chapter 11 bankruptcy protection. This move follows significant financial losses and increased competition. Despite these challenges, the Texas-based company…
Honda and Nissan’s Merger Plan Signals Shift in the Automotive Industry – Digital News Report
Japanese automotive titans Honda and Nissan have announced their intention to merge, a move expected to create the world’s third-largest automaker by sales. This ambitious plan comes as the automotive industry experiences…
Bitcoin Surges to Record High Amid Rising Investor Optimism – Digital News Report
Several financial analysts, including those at XM.com, suggest the rally is driven by FOMO (Fear of Missing Out). Many believe Bitcoin could reach $120,000 by the end of the year. Experts also…
TikTok Seeks Supreme Court Intervention to Avoid U.S. Ban – Digital News Report
TikTok has made an urgent appeal to the U.S. Supreme Court, seeking a temporary injunction against a looming ban. The app, owned by Chinese company ByteDance, faces a nationwide prohibition unless it…
Elon Musk and Sam Altman’s Legal Battle Over OpenAI’s Future – Digital News Report
The long-standing rivalry between tech titans Elon Musk and Sam Altman is intensifying as it heads to a federal courtroom. Musk, an initial investor in OpenAI and former board member, is challenging…