Business

Business

Credit card debt hits a new record while delinquencies also rise

“Permanent Distortion” author Nomi Prins argues Fed policy is adversely affecting everyone on “Making Money.” Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at the end of September, according to a New York Federal Reserve report published Tuesday.  In …

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Investors rebuff ‘Big Oil’ climate shareholder resolutions

American Petroleum Institute CEO Mike Sommers on the state of the domestic oil regulatory environment and how the Middle East conflict may impact global prices. Big U.S. investors at the top five western oil firms’ shareholder meetings this year rebuffed an activist group’s resolutions to align their emission targets with …

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Tyson recalls 30K pounds of dinosaur-shaped chicken nuggets

 SlateStone Wealth chief market strategist Kenny Polcari gives his take on the controversial cuisine on Making Money. Food giant Tyson on Saturday announced the voluntary recall of about 30,000 pounds of frozen, fully cooked chicken nuggets after some consumers reported finding small pieces of metal in the product. The recall …

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