credit card

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments. What Happened: Nearly 40% of Americans saddled with credit card debt have been dishonest about their financial...

Kevin O’Leary, the famous investor from “Shark Tank,” has shared a smart method to break the addictive cycle of credit card spending, urging people to look closely at the long-term financial cost of their impulsive purchases. What Happened: In his book, "Cold Hard Truth on Men,...

Entrepreneur and “Shark Tank” investor, Kevin O’Leary, has expressed concern over the increasing difficulty Americans are experiencing in contributing to their 401(k) plans due to overspending. What Happened: Despite acknowledging the importance of 401(k) plans as...

The Federal Reserve left its benchmark rate unchanged at 4.25%-4.50% for a sixth straight meeting and Chair Jerome Powell signaled no near-term cuts despite mounting White House pressure. While traders still price in two quarter-point reductions later this year, the Fed's pause keeps borrowing...

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong unveiled the company’s cryptocurrency credit card Thursday that will offer cashback rewards in Bitcoin (CRYPTO: BTC). What Happened: Armstrong took to X to showcase the new Coinbase One Card. The card, made of metal...

Well-known investor and Shark Tank star Kevin O'Leary blasted Americans' mounting credit-card balances in a video posted Wednesday, calling it "crazy" to pay interest that now averages more than roughly 23% annually, urging viewers to wipe out their debt before it "bites you." What Happened: The "...

Well-known investor and Shark Tank star Kevin O'Leary blasted Americans' mounting credit-card balances in a video posted Wednesday, calling it "crazy" to pay interest that now averages more than roughly 23% annually, urging viewers to wipe out their debt before it "bites you." What Happened: The "...

A record-high percentage of U.S. households are making only minimum payments on their credit cards, according to new data released by Apollo Global Management Inc. Chief Economist Torsten Slok. What Happened: In a report titled “How are U.S. consumers and firms responding to tariffs?”...

Discover Financial Services (NYSE:DFS) released its first-quarter results after Wednesday's closing bell. Here's a look at the key details from the quarter.   The Details: Discover reported quarterly earnings of $4.25 per share, which beat the analyst consensus estimate of $3.39 by 25.37%....

According to a recent survey, 40% of Americans with credit card debt are under the impression that making minimum payments is an effective way to manage their debt. This misunderstanding is contributing to the escalating credit card debt in the country, which has now hit a record high of $1.2...

A Texas federal judge has ruled against a Biden-era regulation that would have capped credit card late fees at $8, terminating a major initiative by the Consumer Financial Protection Bureau (CFPB) to restrict what it labelled "junk fees." The decision is being regarded as a legal and political win...

Billionaire investor Chamath Palihapitiya believes a proposed 10% cap on credit card interest rates would significantly disrupt the financial services industry while potentially benefiting consumers. What Happened: “This would be phenomenally disruptive,” Palihapitiya wrote Sunday on X...

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart. What Happened: O’Neal, who is known for his extravagant spending, made this record-breaking...

Robert F. Kennedy Jr., President Donald Trump’s Health and Human Services Secretary-designate, has revealed in financial disclosures that he carries up to $1.2 million in credit card debt. His balances, ranging between $610,000 and $1.2 million, are charged at high interest rates of 23.24% to...

Billionaire Warren Buffett has advised against using credit cards as a piggy bank. He emphasized the importance of paying off high-interest debt. What Happened: During the Berkshire Hathaway’s annual shareholder meeting in 2021, Buffett shared his personal finance advice and suggested that...