Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Americans are diving deeper and deeper into the red.
As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve.
Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to LendingTree, a loan comparison website, which analyzed the data from the Fed.
In addition, a steady rise in student loan balances, as well as an increase in the cost of automobile financing in the fourth quarter, contributed another $80 billion.
At these levels, consumers are spending about 10 percent of their disposable income on nonmortgage debts, including credit cards and auto, personal and student loans, said LendingTree chief economist Tendayi Kapfidze. Ahead of the Great Recession, that averaged about 13 percent, he added.
"It's a level of debt that's pretty manageable overall," Kapfidze said. "Of course, for any one individual, you have to make sure you are not taking on more debt than you can handle."
The average American has a credit card balance of $4,293, according to the latest Experian data. Total credit card debt is also at its highest point ever, surpassing $1 trillion, the Federal Reserve found.
Now, more than 1 in 3 people — or 86 million Americans — said they're afraid they'll max out their credit card when making a large purchase, according to a WalletHub credit cards survey. (Most of those polled considered a large purchase as anything over $100.)
At the same time, credit card interest rates have never been higher. The average card interest rate is currently 17.41 percent, according to CreditCards.com's latest report. That's up from 16.15 percent one year earlier and 15.22 percent two years ago.
And still, credit card delinquency rates, or late payments over 90 days past due, remain relatively low even though rates have been slowly rising in the last few years.
Meanwhile, outstanding student loan debt has tripled in the last decade and is now $1.5 trillion. A college education is now the second-largest expense an individual is likely to make in a lifetime — right after purchasing a home.