consumer spending

Interest rates on retail credit cards are "enormously high", with some exceeding 30%.  4 things to consider before opening one

Interest rates on retail credit cards are “enormously high”, with some exceeding 30%. 4 things to consider before opening one

This offer for a store credit card may seem tempting as you shop this holiday season. But you might want to think twice before agreeing. As the Federal Reserve raises interest rates, credit card annual percentage rates — a measure of the annual cost of borrowing money — are rising. This is especially true for …

Interest rates on retail credit cards are “enormously high”, with some exceeding 30%. 4 things to consider before opening one Read More »

Oil companies rake in huge profits amid pressure on consumers

Oil companies rake in huge profits amid pressure on consumers

Big oil companies saw profits soar in the third quarter of 2022, continuing a trend of massive industry profits even as Russia’s invasion of Ukraine sends prices skyrocketing for consumers. Exxon Mobil on Friday morning reported its highest ever profit of $19.7 billion for the quarter, while Shell announced its second highest of $9.5 billion. …

Oil companies rake in huge profits amid pressure on consumers Read More »

Oil companies rake in huge profits amid pressure on consumers

Oil companies rake in huge profits amid pressure on consumers

Big oil companies saw profits soar in the third quarter of 2022, continuing a trend of massive industry profits even as Russia’s invasion of Ukraine sends prices skyrocketing for consumers. Exxon Mobil on Friday morning reported its highest ever profit of $19.7 billion for the quarter, while Shell announced its second highest of $9.5 billion. …

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CNN Exclusive: Treasury Secretary says she sees no sign of recession in US economy |  CNN Politics

CNN Exclusive: Treasury Secretary says she sees no sign of recession in US economy | CNN Politics

CNN — Treasury Secretary Janet Yellen said in an exclusive interview with CNN on Thursday that she saw no signs of a near-term recession as the U.S. economy rebounded from six months of contraction. During a one-on-one interview in Ohio that aired on CNN’s “Erin Burnett OutFront,” Yellen said third-quarter GDP data released Thursday underscored …

CNN Exclusive: Treasury Secretary says she sees no sign of recession in US economy | CNN Politics Read More »