soft landing

Rising Debt, Delinquencies, and a Hot Wholesale Inflation Print Signal More Rate Hikes

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Rising Debt, Delinquencies, and a Hot Wholesale Inflation Print Signal More Rate Hikes

According to the latest Quarterly Report on Household Debt and Credit released yesterday by the Federal Reserve Bank of New York, total US household debt increased by $184 billion or 1.1% quarter-over-quarter in Q1 2024 to reach $17.69 trillion. While mortgage balances also jumped by $190 billion to $12.44 trillion, credit card balances declined in … Read more

Apple leads US$383 billion tech rout in reversal from group’s 2023 rally

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Apple leads US3 billion tech rout in reversal from group’s 2023 rally

The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple, Amazon.com, Alphabet, Microsoft, Meta Platforms, Tesla and Nvidia, slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return … Read more