ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money. |
Inflation eased in April, Paul Davidson reports, as declines in grocery and used car prices offset another rise in rent and gasoline. |
After inflation picked up notably early this year, the April report revealed more progress in the battle to tame prices, with an underlying inflation measure reaching a three-year low. Overall prices increased 3.4% from a year earlier, down from 3.5% in March. |
Tapped out on credit cards |
A growing number of Americans are maxed out on their credit cards. |
Nearly one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024. The New York Fed called attention to America's "maxed-out borrowers" in a report this week. |
Credit card balances, and attendant delinquencies, have been rising steadily since late 2021, a sharp reversal from the historic lows recorded at the pandemic's peak. Delinquencies have risen past pre-pandemic levels, the Fed reports. |
📰 More stories you shouldn't miss 📰 |
Now, we turn our attention to something that seems to be *off* the menu: Lobster. |
Red Lobster has reportedly closed dozens of restaurants across the country, according to reports from Gabe Hauari and several other colleagues. |
This was a story I didn't know I needed to read, until I saw it leading USA Today's top stories list. A lotta seafood lovers out there. |
A liquidator announced Monday it is auctioning off equipment from 48 Red Lobster locations that have closed. The website says each winner will receive the "entire contents of the Red Lobster location they bid on." Maybe it's time to redo your dining nook with a crustacean theme! |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | Yearly inflation eased to 3.4% in April as grocery prices declined, CPI report says. | | | |  | Almost one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024, the New York Fed reports. | | | | Red Lobster locations around the US are shutting down as the brand considers Chapter 11 bankruptcy. Here's what we know about restaurant closures. | | | | Social Security's 2025 COLA estimate inched up to 3.2% as inflation stays elevated. An expected Medicare premium hike could eat up any COLA gain. | | | | In the latest CPI report, annual inflation fell slightly. See how it's calculated and what it means. | | | | The Grandma McFlurry, a new McFlurry flavor made with hard candy and syrup, was inspired by grandmas everywhere. | | | | A 5,471-piece Lego set inspired by the Barad-dûr fortress from the 'The Lord of the Rings' film series is set to debut in June for $459.99. | | | | Interest rates will now stay high longer as the Fed fights stubborn inflation, leading developers to drop planned apartments, shops, other projects | | | | More than 200 national and regional lenders share sensitive user data with Facebook. Experts say it might be illegal. | | | | Tens of thousands of guests visit Disney's Hollywood Studios on any given day. Here's what it takes to make sure they leave. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
0 comments:
Post a Comment