Chart of the Day

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. The average interest rate for all cardholders jumped to more than 21% in August, the highest on record, according to Federal Reserve data. Some cards — retail store cards, in particular — charge more than 30%, said Ted Rossman, industry analyst for CreditCards.com. See what measures some lawmakers and regulators are proposing to address credit card issues at the link in bio.

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. More details at the link in bio.

According to President Donald Trump, the sweeping U.S. tariffs on imports from Canada and Mexico set to begin next week “will go forward” when a monthlong delay expires, “on time, on schedule.” If the administration follows through, the impact on economies across the U.S. will be extensive, though it will vary greatly from state to state. CNBC looked at the import and export exposure of all 50 states and the District of Columbia on a country-by-country basis, based on LendingTree data. This correlation showed the risk the states would have on both imports from and exports to Canada, Mexico and China. Some states, such as Montana, do a vast majority of their trade with the three countries, while other states do little. New Mexico has the highest percentage of imports from Mexico, while California has the biggest share of imports from China. Read more on how states could be impacted by upcoming tariffs at the link in bio.

In December 2022, $1,981 was the typical monthly rent in the United States — a 7.4% increase from the year prior. But while rent has begun to stabilize nationwide, rent affordability remains difficult for many Americans. ⁠ ⁠ In response, support for rent control policies has gained traction. But economists are widely against the idea.⁠ ⁠ See why many economists are against widespread rent control at the link in bio.

Swiss brand On is quickly emerging as a global challenger in the sportswear market. Analysts say the brand has been able to capture market share from legacy competitors like Nike and Adidas through innovative products and timing. Tap the link in bio to learn how On is taking on Nike and Adidas in the sneaker race.

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. The average interest rate for all cardholders jumped to more than 21% in August, the highest on record, according to Federal Reserve data. Some cards — retail store cards, in particular — charge more than 30%, said Ted Rossman, industry analyst for CreditCards.com. See what measures some lawmakers and regulators are proposing to address credit card issues at the link in bio.

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. More details at the link in bio.

According to President Donald Trump, the sweeping U.S. tariffs on imports from Canada and Mexico set to begin next week “will go forward” when a monthlong delay expires, “on time, on schedule.” If the administration follows through, the impact on economies across the U.S. will be extensive, though it will vary greatly from state to state. CNBC looked at the import and export exposure of all 50 states and the District of Columbia on a country-by-country basis, based on LendingTree data. This correlation showed the risk the states would have on both imports from and exports to Canada, Mexico and China. Some states, such as Montana, do a vast majority of their trade with the three countries, while other states do little. New Mexico has the highest percentage of imports from Mexico, while California has the biggest share of imports from China. Read more on how states could be impacted by upcoming tariffs at the link in bio.

In December 2022, $1,981 was the typical monthly rent in the United States — a 7.4% increase from the year prior. But while rent has begun to stabilize nationwide, rent affordability remains difficult for many Americans. ⁠ ⁠ In response, support for rent control policies has gained traction. But economists are widely against the idea.⁠ ⁠ See why many economists are against widespread rent control at the link in bio.

Swiss brand On is quickly emerging as a global challenger in the sportswear market. Analysts say the brand has been able to capture market share from legacy competitors like Nike and Adidas through innovative products and timing. Tap the link in bio to learn how On is taking on Nike and Adidas in the sneaker race.