List of Flash News about 2024 financial markets
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2025-03-20 22:14 |
US Credit Card Defaults Reach $46 Billion in First Three Quarters of 2024
According to The Kobeissi Letter, US credit card defaults have surged to $46 billion in the first three quarters of 2024, marking the highest level since 2010. This increase in defaults poses potential risks to the financial markets, potentially affecting consumer spending and credit conditions. Traders should monitor these developments closely for implications on market volatility and potential shifts in consumer credit stocks. |