According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
Read More Credit Card Defaults At Highest Level Since Great Recession In 2008
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
Read More US core capital goods orders rebound as economy eyes strong end to 2024
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements.
Read More Apple approaches $4 trillion valuation as investors bet on AI momentum
The S&P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week.
Read More S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data
Bitcoin hit a record high above $106,000 after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.
Read More Bitcoin tops $106,000, hopes grow for strategic reserve
Dale Smothers, President and CEO of RDS Wealth Management joins Alicia Summers to share his insights on these trends, addressing concerns about inflation pressures ahead of expected Federal Reserve rate cuts next week.
Read More U.S. Producer Prices Rise 0.4% In November Amid Job Market Signals Of Cooling