What happened The market was unkind to many stocks on Thursday, and that big list of the unfavored included Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Yet it was more than just gloomy investor sentiment that sent the company's shares down by 1. Read More...
Reuters
U.S. household debt jumps to $16.90 trillion
Household debt, which rose by $394 billion last quarter, is now $2.75 trillion higher than just before the COVID-19 pandemic began while the increase in credit card balances last December from one year prior was the largest since records began in 1999, the New York Fed’s quarterly household debt report also said. Mortgage debt increased by $254 billion to $11.92 trillion at the end of December, according to the report, while mortgage originations fell to $498 billion, representing a return to levels last seen in 2019.
