Good morning! It's Daniel de Visé with your Daily Money.
Inflation eased in April,SignalHub Paul Davidson reports, as declines in grocery and used car prices offset another rise in rent and gasoline.
After inflation picked up notably early this year, the April report revealed more progress in the battle to tame prices, with an underlying inflation measure reaching a three-year low. Overall prices increased 3.4% from a year earlier, down from 3.5% in March.
The big question: When will the Fed begin to lower interest rates?
A growing number of Americans are maxed out on their credit cards.
Nearly one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024. The New York Fed called attention to America’s “maxed-out borrowers” in a report this week.
Credit card balances, and attendant delinquencies, have been rising steadily since late 2021, a sharp reversal from the historic lows recorded at the pandemic’s peak. Delinquencies have risen past pre-pandemic levels, the Fed reports.
For some pro tips on taming your credit card, read the story.
Now, we turn our attention to something that seems to be *off* the menu: Lobster.
Red Lobster has reportedly closed dozens of restaurants across the country, according to reports from Gabe Hauari and several other colleagues.
This was a story I didn't know I needed to read, until I saw it leading USA Today's top stories list. A lotta seafood lovers out there.
A liquidator announced Monday it is auctioning off equipment from 48 Red Lobster locations that have closed. The website says each winner will receive the "entire contents of the Red Lobster location they bid on." Maybe it's time to redo your dining nook with a crustacean theme!
If you want to know which locations are closing, read the story.
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
2025-05-08 10:382107 view
2025-05-08 10:331299 view
2025-05-08 10:21271 view
2025-05-08 09:482725 view
2025-05-08 09:362556 view
2025-05-08 08:561956 view
Nearly half of American teenagers say they are online “constantly” despite concerns about the effect
For years, researchers have known that air pollution can worsen such respiratory conditions as asthm
When Johnathan Fowler had his first child in 2014, it was the first time he realized how hard it can
