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Economic News Reports

Tips On How To Sensibly Avoid Credit Card Debt



Credit card debt is one of the worst problems a person can have. Nowadays, thousands of Americans are struggling with it and many believe that it is irreparable. Debt just seems to put a damper on everything you do in your day to day life, food doesn't taste the same, going out for dinner is a struggle and even buying your kids a few gifts seems like a bit too much. So, why not avoid getting into debt all together? Holly Johnson from The Simple Dollar tells us that “Americans continue to dig a deeper hole when it comes to credit card debt . According to the Federal Reserve and other government statistics, our penchant for indebtedness means that the average household now owes $7,281 in credit card debt alone. But here’s the thing – that average includes even those who carry no debt at all. So when you take out the households and families that don’t carry a balance on any of their credit cards, the Average outstanding balance surges to $15,609.” This is a very troubling statistic due to the fact that Americans are burying themselves deeper in debt instead of learning from their mistakes. To avoid these credit card debt mistakes, here is short list of tips to avoid credit card debt:

1. Try not to miss any payments

Missing payments on your credit debt is a dangerous thing to do. Often times, the first thing people ask when it comes to credit card debt and missing payments is can you go to jail for credit card debt ? Erica Sandberg from Credit Cards dot com gives us a very straightforward answer, “If you're worried about spending time behind bars for not paying your credit card debt, know that there is no debtor's prison in the United States. However, there are other legal repercussions of which you should be aware. A creditor can sue you in a court of law, and if they are granted a judgment, they may be able to garnish your wages or take nonexempt property and assets. Living debt free is within every card holder's capability. The key is to always be aware of charging and balances, and address credit problems immediately.” Even though you can't go to jail should you have debt problems it is probable that you have big issues to worry about. Your creditors have the power to sue you in order to seize assets or garnish wages, so, in essence, these creditors have the power to take your home and leave you out on the street.

2. Only charge what you can afford to make payments on

Before you swipe your card and spend more than you should, think about what you're doing. Spending more than what you can afford to pay will set yourself up for problems. Since knowing how much you can afford to charge on your credit card is something completely subjective it is important to do some research. Not everyone will have the same budget, it all depends on how much you spend, your income, your credit limit and any other credit card balances you may have.

3. Limit your number of credit cards

Knowing how many credit cards you should have in order to avoid credit debt is something many people take too lightly. Most households in the US have multiple credit cards that are used almost everyday. Taking into account what was said in tip #1, having multiple credit cards can be difficult to manage and complete payments on time in hard times. Robinspost.com recently talked about a troubling trend surging among debt collectors The Federal Trade Commission and a number of other law enforcement agencies have taken action against 30 debt collectors accused of deceptive and abusive tactics, including harassing phone calls and false threats of litigation, arrest, and wage garnishment. Some of the collectors are accused of knowingly attempting to collect so-called phantom debts – phony debts that consumers do not actually owe. Others failed to give consumers legally required disclosures and notices, or to follow state and local licensing requirements.”   The more credit cards you have under your name, the higher the risk of something like this happening to you. It is simple, if you only have 1-2 credit cards then it should be easier for you to stay up to date with your credit card debt balances and payments.

Make a Budget


Making a budget is one of the most under appreciated aspects of avoiding debt. When you have a budget, it gives you a clear picture of what you should spend money on and what seems like overkill. Making a budget is fairly easy, it takes a short amount of time and the use of a calculator.   Start off with your base income, and start subtracting the money you're spending each month. If you end up with a negative number, then you know you have to change something in order to save money. The most important thing about finances is knowing that you cannot spend more money than what you make. A budget will give you straightforward answer to the question “where is my money going?”. At the end of the day, it's always better to avoid a problem if you can. The worst thing you can possibly do is ignore the situation and hope it goes away. This is a serious issue because you are doing nothing to improve your credit card debt situation. Not
avoiding credit card debt and simply making the minimum payments will not get you very far. The majority of the cash you pay goes towards the interest rates. This means that your only providing your creditors with profit instead of helping yourself out of the debt trap. So before you decide to swipe that credit card be certain to refer to our these helpful tips. Debt Relief Options When people find themselves in deep with their credit card debt the usually do one of these things listed:
    File Bankruptcy (Chapter 7 or Chapter 13)
    Debt management program
    Debt settlement / Debt negotiation
    Take out a Personal Loan
    Do Nothing
All but the last are viable options for debt relief. The important thing to remember is that there is no “one size fits all” debt relief option. Since every situation the right solution may vary, thus it is imperative to act swiftly.


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Economy News: US economy 'on wobbly footing': Why Wall Street strategists are cautious about stock market's recent records

Fri, 04 Jul 2025 04:08:04 +0000
Wall Street strategists warn that despite recent stock market highs, investors should be wary of rising tariffs and economic uncertainty.
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Source:www.msn.com

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Economy News: Trump says economy will ‘rocket’ after signing 'big beautiful bill': ‘It’s going to be really great’

Fri, 04 Jul 2025 04:08:04 +0000
President Donald Trump said his "big beautiful bill" will turn the U.S. into "a rocket ship" after Congress passed what he called the biggest bill of its kind ever signed.
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Economy News: Why some fear government data on the U.S. economy is losing integrity

Fri, 04 Jul 2025 01:08:00 +0000
U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, crucial data points that help the Fed assess the economy’s health and guide interest rate decisions.
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Source:www.msn.com

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Economy News: What have tariffs really done to the US economy?

Fri, 04 Jul 2025 01:08:00 +0000
But as worries mounted, Trump quickly suspended his most aggressive plans to allow for 90 days of talks.As that 9 July deadline approaches and the president crafts his approach, he will have one eye on the US economy.
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Economy News: Stocks set another record and yields leap on signals the U.S. economy is solid

Thu, 03 Jul 2025 22:08:03 +0000
U.S. stocks climbed further into record heights after a report showed the U.S. job market looks stronger than Wall Street expected
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Source:www.msn.com

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Debt collectors on the line: What to do and say

Thu, 03 Jul 2025 16:52:00 GMT
When debt collectors call, your next move could cost you or protect you. Consumer Investigator Rachel DePompa talks to Tayne Law Group about critical questions to ask before paying a penny.

Should you repay credit card debt with a personal loan or carry it forward? Find out the best solution

Thu, 03 Jul 2025 12:29:00 GMT
If the credit card outstanding can be cleared within 3 months, it may be carried forward. Low-cost balance transfer options of up to 6 months may be explored. For longer tenure options, the cardholder ...

5 mistakes that could make your credit card debt even more expensive now

Thu, 03 Jul 2025 10:50:11 GMT
Credit card debt is becoming an increasingly heavy burden for American households, with the average cardholder now owing nearly $8,000 across their cards. What makes this situation even more ...

What Happens to Authorized Users When the Primary Credit Card Holder Dies?

Thu, 03 Jul 2025 08:31:31 GMT
Authorized users won’t be responsible for any debt, but they may be left without a credit card account if the primary card holder passes away.

Got credit card debt? The best tool for paying it off might surprise you.

Thu, 03 Jul 2025 08:17:40 GMT
Got credit card debt? Want to pay it off? Oddly enough, another credit card might just be your best bet.  It’s one of the stranger ironies in personal finance: Credit cards carry some of ...

YouTube Business News Playlists

IMF Video: Rising to the challenge: Europe’s path to growth and resilience

Rising to the challenge: Europe’s path to growth and resilience
Play Video: Rising to the challenge: Europe’s path to growth and resilience


The sharply deteriorating global order is adding further complications to Europe’s already challenging economic situation. New tariffs come at a time when economies are grappling with structural transformations in demographics and energy, and amidst increasing security spending needs. Export markets are shrinking, uncertainty is undermining firms’ willingness to innovate, and public expenditure needs are rising. Without a turnaround in growth, Europe’s ability to deliver on its social welfare promises is in jeopardy. If European policymakers were to seize the moment, the region’s growth potential and resilience to shocks could rise substantially.

Published: 28th May 2025 08:21:26   By: IMF

IMF Video: Global and Regional Economic Developments and Outlook

Global and Regional Economic Developments and Outlook
Play Video: Global and Regional Economic Developments and Outlook


This high-level event that will bring together policymakers, business leaders, diplomats, and academics to explore how global and regional developments impact countries in the Middle East and North Africa. Amid heightened global uncertainty, the discussions will focus on the policy actions required to foster sustained growth, stability, and shared prosperity across the region.

Published: 25th May 2025 08:08:16   By: IMF

IMF Video: Sub-Saharan Africa Regional Economic Outlook–April 2025: Three Key Messages

Sub-Saharan Africa Regional Economic Outlook–April 2025: Three Key Messages
Play Video: Sub-Saharan Africa Regional Economic Outlook–April 2025: Three Key Messages


Despite stronger-than-expected performance last year, Sub-Saharan Africa now faces global uncertainty and reduced external funding, slowing growth to 3.8% in 2025. With limited fiscal space and elevated debt levels, countries must prioritize domestic revenue mobilization, spending efficiency, and ambitious reforms to build resilience against future economic shocks. IMF African Department Director Abebe Aemro Selassie shares three key messages from the latest economic outlook for sub-Saharan Africa. https://www.imf.org/en/Publications/REO/SSA/Issues/2025/04/25/regional-economic-outlook-for-sub-saharan-africa-april-2025?cid=sm-com-ig-SM2025-REOAFREA2025001

Published: 22nd May 2025 11:50:59   By: IMF

IMF Video: آفاق الاقتصاد الإقليمي لمنطقة الشرق الأوسط وشمال إفريقيا: ثلاث رسائل أساسية

آفاق الاقتصاد الإقليمي لمنطقة الشرق الأوسط وشمال إفريقيا: ثلاث رسائل أساسية
Play Video: آفاق الاقتصاد الإقليمي لمنطقة الشرق الأوسط وشمال إفريقيا: ثلاث رسائل أساسية


جهاد أزعور من صندوق النقد الدولي يعرض ثلاث رسائل أساسية حول أحدث الآفاق الاقتصادية لمنطقة الشرق الأوسط وشمال إفريقيا. تعرف على دور عدم اليقين العالمي المتزايد، والصراعات الإقليمية، والحاجة إلى تعزيز القدرة على الصمود في تشكيل الآفاق الاقتصادية للمنطقة. اقرأ التقرير الكامل: ]رابط[ https://www.imf.org/en/Publications/REO/MECA/Issues/2025/04/24/regional-economic-outlook-middle-east-central-asia-april-2025

Published: 7th May 2025 08:06:51   By: IMF

IMF Video: Perspectives économiques régionales pour le Moyen-Orient et l’Afrique du Nord: 3 messages principaux

Perspectives économiques régionales pour le Moyen-Orient et l’Afrique du Nord: 3 messages principaux
Play Video: Perspectives économiques régionales pour le Moyen-Orient et l’Afrique du Nord: 3 messages principaux


Jihad Azour, du FMI, communique trois messages principaux issus de la dernière édition des Perspectives économiques régionales pour le Moyen-Orient et l’Afrique du Nord. Découvrez comment l’incertitude mondiale croissante, les conflits régionaux et la nécessité de renforcer la résilience façonnent les perspectives économiques de la région. Lire le rapport dans son intégralité : https://www.imf.org/fr/Publications/REO/MECA/Issues/2025/04/24/regional-economic-outlook-middle-east-central-asia-april-2025

Published: 7th May 2025 03:14:23   By: IMF

World Economic Forum Video: The Global Alliance for Trade Facilitation: Targeted Solutions, Global Impact

The Global Alliance for Trade Facilitation: Targeted Solutions, Global Impact
Play Video: The Global Alliance for Trade Facilitation: Targeted Solutions, Global Impact


Trade is vital for development, but many countries face costly delays and inefficiencies. The Global Alliance for Trade Facilitation is partnering with governments, businesses, and international organizations to streamline customs, digitalize processes, and unlock global markets for SMEs. The Alliance drives practical reforms that boost exports, cut costs, and make trade faster, safer, and more inclusive. Hear from global leaders on how public-private collaboration is reshaping trade for good. To learn more about the Global Alliance for Trade Facilitation please visit: https://www.tradefacilitation.org/ #TradeFacilitation #DigitalTrade #SMEs #InclusiveTrade #CustomsReform The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 3rd Jul 2025 12:19:21   By: World Economic Forum

World Economic Forum Video: “It's time to use technology to solve the problem.”: Siemens Healthineers CEO

“It
Play Video: “It's time to use technology to solve the problem.”: Siemens Healthineers CEO


The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 1st Jul 2025 05:26:12   By: World Economic Forum

World Economic Forum Video: How pro basketball and theoretical physics shaped one health tech CEO

How pro basketball and theoretical physics shaped one health tech CEO
Play Video: How pro basketball and theoretical physics shaped one health tech CEO


Non-communicable diseases like stroke and heart disease have swapped spots with infectious diseases as top global killers. Improving health access - whether in the developed or emerging world -- can save the lives of billions. CEO Bernd Montag explains how Siemens Healthineers is partnering with providers around the world to deliver technologies and help reduce the complexities that can stand in the way of efficient treatment. He’ll also share his own unique background - as a professional basketball player and later theoretical physicist - and how it shaped how he makes decisions and leads. This interview was recorded January 2025 at the World Economic Forum Annual Meeting in Davos, Switzerland. About this episode: https://www.siemens-healthineers.com/ Transcript: https://www.weforum.org/podcasts/meet-the-leader/episodes/bernd-montag-siemens-healthineers Related podcasts: Bridging the gap in women's health technology, policy and more: Kearney: https://tinyurl.com/3jmahwwj Tackling these surprising blindspots can bridge gender gaps in health, opportunity and more: https://open.spotify.com/episode/0HfUaxq69cJBZfVgGctVMB?go=1&sp_cid=974f0d02895cc3e5dc6ee274371893a7&utm_source=embed_player_p&utm_medium=desktop&nd=1&dlsi=38d6c85af7df484e The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 1st Jul 2025 03:30:39   By: World Economic Forum

World Economic Forum Video: Towards Parity in Power

Towards Parity in Power
Play Video: Towards Parity in Power


Women have made remarkable strides in political representation in the past decade, making up 35.5% of local government officials, 33% of parliamentarians, 24.4% of ministers and 15.5% of heads of state. Yet political power remains out of reach for a disproportionate number of women. How can this persistent gap be tackled? This is the full audio from a panel discussion from the World Economic Forum's Annual Meeting on 22 January, 2025. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2025/sessions/towards-parity-in-power/ Read the Forum's Global Gender Gap Report 2025: https://www.weforum.org/publications/global-gender-gap-report-2025/ Speakers: Thérèse Kayikwamba Wagner, Minister of State, Minister of Foreign Affairs, Ministry of Foreign Affairs of the Democratic Republic of the Congo Mina Al-Oraibi, Editor-in-Chief, The National Catherine De Bolle, Executive Director, Europol François Valérian, Chair, Transparency International Alicia Bárcena Ibarra, Secretary of Environment and Natural Resources, Secretariat of Environment and Natural Resources of Mexico Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :  YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 30th Jun 2025 02:28:22   By: World Economic Forum

World Economic Forum Video: Top Technologies 2025 & Data Centres in Space | WEF | Top Stories Week

Top Technologies 2025 & Data Centres in Space | WEF | Top Stories Week
Play Video: Top Technologies 2025 & Data Centres in Space | WEF | Top Stories Week


This week's top stories of the week include: 0:15 Top technologies to watch in 2025 – From digital trust to clean energy, 2025 is seeing breakthrough innovations with wide-ranging impact. Here are five of the most promising technologies this year. 2:50 How to close the gender gap in tech – Ayumi Moore Aoki is CEO of Women in Tech Global, an organization that works to increase gender equality in STEM. She says that amid all the talk of what AI can do, we must also consider what it cannot. 6:09 This robot could change all factories – Meet CyRo, a 3-armed robot designed to handle objects with the dexterity of a human - without the need for pre-programming. Its adaptive vision system mimics the human eye, allowing it to operate under varying lighting and handle tricky materials like glass or reflective surfaces. 7:33 Start-up plans data centres in space – As AI energy demands soar, one pioneering start-up is taking data infrastructure off the planet. Starcloud is building space data centres to tap into the vast, uninterrupted solar energy available in orbit. ____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 29th Jun 2025 12:01:21   By: World Economic Forum

Reuters Video: S&P 500, Nasdaq close at records on jobs data | REUTERS

S&P 500, Nasdaq close at records on jobs data | REUTERS
Play Video: S&P 500, Nasdaq close at records on jobs data | REUTERS


The S&P 500 and the Nasdaq closed at record highs after a stronger-than-expected US jobs report, while Nvidia shares spiked and its valuation neared $4 trillion. #usastockmarket #nasdaq #dowjones #nvidia #News #Reuters #Newsfeed Read the story here: https://reut.rs/45OkLax 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 3rd Jul 2025 09:39:33   By: Reuters

Reuters Video: Market Talk: Nvidia's soaring value shows tech's long-term dominance | REUTERS

Market Talk: Nvidia
Play Video: Market Talk: Nvidia's soaring value shows tech's long-term dominance | REUTERS


Sam Stovall, chief investment strategist at CFRA Research, said Nvidia's skyrocketing market capitalization indicates that tech-related stocks should drive the stock market for ‘years to come’. #nvidia #markets #techstocks #nvidiastock #News #Reuters #Newsfeed Read the story here: https://reut.rs/4kodnpZ 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 3rd Jul 2025 08:01:29   By: Reuters

Reuters Video: US job growth beats expectations, unemployment rate dips to 41% | REUTERS

US job growth beats expectations, unemployment rate dips to 41% | REUTERS
Play Video: US job growth beats expectations, unemployment rate dips to 41% | REUTERS


US job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private sector gains slowing considerably. #News #Reuters #Newsfeed Read the story here: https://reut.rs/4evEy0C 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 3rd Jul 2025 07:31:40   By: Reuters

Reuters Video: France fines Shein 40 mln euros for misleading discounts | REUTERS

France fines Shein 40 mln euros for misleading discounts | REUTERS
Play Video: France fines Shein 40 mln euros for misleading discounts | REUTERS


France's antitrust agency said it had fined China-founded fast-fashion retailer Shein over $47 million for alleged deceptive business practices including misleading discounts. #shein #fastfashion #News #Reuters #Newsfeed Read the story here: https://reut.rs/3TmNlsc 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 3rd Jul 2025 04:08:34   By: Reuters

Reuters Video: Tesla's German car sales continue to fall in June | REUTERS

Tesla
Play Video: Tesla's German car sales continue to fall in June | REUTERS


Tesla's sales volume in Germany fell by 60% in June, the German road traffic agency KBA said, although sales of battery electric vehicles rose overall. #tesla #News #Reuters #Newsfeed Read the story here: https://reut.rs/4lGeRNw 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 3rd Jul 2025 03:51:36   By: Reuters

Business Video: US economy added a stronger-than-expected 147,000 jobs in June

US economy added a stronger-than-expected 147,000 jobs in June
Play Video: US economy added a stronger-than-expected 147,000 jobs in June


The US economy added a stronger-than-expected 147,000 jobs in June, according to Bureau of Labor Statistics data released Thursday. Last month’s gains, which landed above expectations for 117,500 jobs to be added, marked a slight increase from May’s total of 144,000. CNN’s Matt Egan reports #CNN #News

Published: 3rd Jul 2025 01:11:56   By: CNN

Business Video: Tesla sales plunge once again amid Elon Musk's political moves

Tesla sales plunge once again amid Elon Musk
Play Video: Tesla sales plunge once again amid Elon Musk's political moves


Tesla reported another record sales plunge Wednesday, as brand damage from CEO Elon Musk’s political activities and increased competition continued to batter the once fast-growing electric car maker. Tesla reported it sold 384,122 cars in the quarter, down nearly 60,000 cars, or 13.5% from the sales total a year ago. That marks the largest year-over-year drop in sales in the company’s history. However, that number is up 14.1% from its first quarter total. CNN's Boris Sanchez speaks with the New York Times's Kate Conger, and CNN's Zain Asher speaks with CNN media correspondent Hadas Gold and TechCrunch's Sean O'Kane. #CNN #News

Published: 2nd Jul 2025 08:48:54   By: CNN

Business Video: Paramount settles Trump’s ‘60 Minutes’ lawsuit

Paramount settles Trump’s ‘60 Minutes’ lawsuit
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CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. CNN's Chief Media Analyst Brian Stelter explains. #CNN #News

Published: 2nd Jul 2025 03:55:02   By: CNN

Business Video: ‘This will have negative implications for every American,' says GOP economist on Trump megabill

‘This will have negative implications for every American,
Play Video: ‘This will have negative implications for every American,' says GOP economist on Trump megabill


CNN’s Bianna Golodryga speaks with Jared Bernstein, the former Chair of the White House Council of Economic Advisers, and Douglas Holtz-Eakin, the former Congressional Budget Office Director, about the passage of Trump's megabill in the Senate. #CNN #News

Published: 1st Jul 2025 07:15:01   By: CNN

Business Video: Powell says the Fed would have cut rates this year if it weren’t Trump’s policies

Powell says the Fed would have cut rates this year if it weren’t Trump’s policies
Play Video: Powell says the Fed would have cut rates this year if it weren’t Trump’s policies


The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said. “I do think that’s right,” he said at a central banking forum in Sintra, Portugal, when asked if the Fed would have cut rates by now. #CNN #News

Published: 1st Jul 2025 05:17:04   By: CNN

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