Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to –31.8, drastically falling below the expected level of –2.5. The survey reveals that new orders and shipments also…
Manufacturing Levels in New York State Plummet to 2023 Lows, Far Below Expectations
Fed Report Shows Record-High Annual Increase in Credit-Card Balances
Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record high 17 percent year-over-year increase in credit-card balances during the first quarter…
US Credit Card Debt Hits a Record High of Nearly $1 Trillion
Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record-high 17 percent year-over-year increase in credit-card balances during the first quarter of…
US Credit Card Debt Holds at Record High of Nearly $1 Trillion
U.S. credit card balances failed to decline in the first three months of 2023 as Americans find themselves increasingly burdened by the relentless grip of chronic inflation. Total credit card debt stood at $986 billion in the first quarter, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit…
[ATL:NOW] Texican Standoff: Border Surge Paused at Rio Grande by Texas Law Enforcement After Title 42 Ends—Todd Bensman
Reporter Todd Bensman is one of the few journalists at America’s southern border in Texas, covering the mass migration crisis that has worsened since the lifting of Title 42—a Trump-era policy allowing U.S. authorities to swiftly expel illegal immigrants. “You cannot find a single Border Patrol agent anywhere in sight. They are pulled off of…
[PREMIERING 7:30 PM ET] Texican Standoff: Border Surge Paused at Rio Grande by Texas Law Enforcement After Title 42 Ends—Todd Bensman
Reporter Todd Bensman is one of the few journalists at America’s southern border in Texas, covering the mass migration crisis that has worsened since the lifting of Title 42—a Trump-era policy allowing U.S. authorities to swiftly expel illegal immigrants. “You cannot find a single Border Patrol agent anywhere in sight. They are pulled off of…
Business Leaders Oppose Biden’s New Power Plant Rules, Which Set Lofty Climate Goals
The Biden administration released its toughest-ever rules for power plants, drawing backlash from the country’s largest business organization. The U.S. Chamber of Commerce issued a statement on Thursday urging the administration to propose more reasonable carbon reduction goals for power plants to avoid disrupting the future power supply. The Environmental Protection Agency’s proposed power plant…
New Zealand PM Invited to Biden’s Pacific Summit in Papua New Guinea
New Zealand’s Prime Minister Chris Hipkins will visit Papua New Guinea later this month to attend President Joe Biden’s summit with Pacific leaders, his office said on Thursday. Hipkins will embark on his trip to Papua New Guinea on May 21, marking his first visit to the Pacific nation since becoming prime minister in January….
LIVE 7 AM ET: NTD Good Morning (May 12): Title 42 Lifted, Situation at the Border; Biden’s Debt Ceiling Meeting Postponed
Title 42 has been lifted. The covid era restrictions have been replaced with new rules, that are already facing legal challenges. We talk to an expert. How will the end of title 42 affect locals in border cities? A town-hall in El Paso, Texas on May 11 set out to answer that. Hear what panelists had to…
NTD Good Morning (May 12): Title 42 Lifted, Situation at the Border; Biden’s Debt Ceiling Meeting Postponed
Title 42 has been lifted. The covid era restrictions have been replaced with new rules, that are already facing legal challenges. We talk to an expert. How will the end of title 42 affect locals in border cities? A town-hall in El Paso, Texas on May 11 set out to answer that. Hear what panelists had to…
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