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_credit-card-delinquencies-are-on-the-rise.webp "Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.")
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![Boeing Faces, Potential Criminal Charges , Following String of Incidents.<br/>'The Independent' reports that federal officials have <br/>issued a warning to Boeing regarding possible criminal charges due to the airliner's failure to improve safety. .<br/>The government-issued warning comes after <br/>a series of incidents, including two 737 Max <br/>jet crashes within a five-month span. .<br/>One crash occurred in Indonesia in <br/>2018 and another took place in Ethiopia in 2019.<br/>A total of 346 people were <br/>killed in the two crashes.<br/>Following those two crashes, <br/>Boeing agreed to pay $2.5 billion and <br/>make a number of safety improvements.<br/>Feds now accuse Boeing of violating that deal and <br/>claim the company could face further prosecution <br/>following a series of incidents in recent months.<br/>In January, an Alaska Airlines Boeing <br/>737 MAX 9 had a door plug <br/>blow off mid-flight. .<br/>That incident resulted in the FAA <br/>ordering all 171 MAX 9 jets be grounded <br/>while the agency investigated the incident. .<br/>For failing to fulfill completely the terms <br/>of and obligations under the [deferred <br/>prosecution agreement], Boeing is subject <br/>to prosecution by the United States for <br/>any federal criminal violation of which <br/>the United States has knowledge, Department of Justice lawyers <br/>letter to a federal judge, via 'The Independent'.<br/>'The Independent' reports that a number of whistleblowers <br/>have accused Boeing of cutting corners when it comes to<br/>quality and expertise in exchange for short-term profit.](https://cdn1.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFJymGmSwFR00JF1lqxAKGl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_boeing-faces-potential-criminal-charges-following-string-of-incidents.webp "Boeing Faces, Potential Criminal Charges , Following String of Incidents.<br/>'The Independent' reports that federal officials have <br/>issued a warning to Boeing regarding possible criminal charges due to the airliner's failure to improve safety. .<br/>The government-issued warning comes after <br/>a series of incidents, including two 737 Max <br/>jet crashes within a five-month span. .<br/>One crash occurred in Indonesia in <br/>2018 and another took place in Ethiopia in 2019.<br/>A total of 346 people were <br/>killed in the two crashes.<br/>Following those two crashes, <br/>Boeing agreed to pay $2.5 billion and <br/>make a number of safety improvements.<br/>Feds now accuse Boeing of violating that deal and <br/>claim the company could face further prosecution <br/>following a series of incidents in recent months.<br/>In January, an Alaska Airlines Boeing <br/>737 MAX 9 had a door plug <br/>blow off mid-flight. .<br/>That incident resulted in the FAA <br/>ordering all 171 MAX 9 jets be grounded <br/>while the agency investigated the incident. .<br/>For failing to fulfill completely the terms <br/>of and obligations under the [deferred <br/>prosecution agreement], Boeing is subject <br/>to prosecution by the United States for <br/>any federal criminal violation of which <br/>the United States has knowledge, Department of Justice lawyers <br/>letter to a federal judge, via 'The Independent'.<br/>'The Independent' reports that a number of whistleblowers <br/>have accused Boeing of cutting corners when it comes to<br/>quality and expertise in exchange for short-term profit.")
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