News 

86 million Americans fear maxing out a credit card: Report

“At the same time, credit card interest rates have never been higher, setting the stage for potential problems for those at-risk consumers” writes Jessica Dickler for cnbc.com. According to data from the Federal Reserve, the U.S. surpassed $1 trillion in credit card debt — the highest level since the Great Recession.The average card interest rate is currently at a record 17.41 percent, according to CreditCards.com’s latest report.The average household is carrying a $6,929 balance month to month and coughing up about $1,140 a year in interest, according to a separate…

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News 

Supreme Court lets mystery company file appeal under seal

“The Supreme Court on Jan. 8 rejected the company’s emergency request seeking to put the fines on hold pending appeal” writes Midwest Communications Inc for 95kqds.com. The appeals court ruling noted that the company has a U.S. office and that the company has said it has no relevant documents in the United States.The case has remained a high-profile mystery, with the Supreme Court and lower courts declining to identify the company, the country that owns it or the purpose of the subpoena.In the redacted court papers, the company said the…

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News 

Majority Americans believe school curriculum is useless

“How to file taxes, managing your money, and even managing your mental well-being number among the top things Americans wish they had learned in school growing up, according to new research” writes Tyler Schmall for nypost.com. Over half of Americans (55 percent) say they currently file their taxes by themselves, but the vast majority of them fear they aren’t doing them as efficiently as they could be. Source: nypost.com

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News 

Group of 5 early conference primer: Biggest games, Heisman hopefuls and…

“The Knights have played in the New Year’s Day Six each of the last two seasons, and the Group of 5 conferences have a 3-2 record in that bowl game” reports sportingnews.com. In order to keep that Playoff expansion talk rolling, Group of 5 teams need to score big nonconference regular-season and bowl victories — and it wouldn’t hurt if another UCF emerged this season. Source: sportingnews.com

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Markets News Stocks 

Richest 1% own 50% of stocks held by households…

“The stock market made its way into mainstream news in 2018 when it hit record highs and then subsequently tumbled 19% in a matter of weeks” writes Heidi Chung for yahoo.com. It illustrates the sharp decline in stock ownership share among the middle to upper-middle class citizens over the past few decades, while the richest Americans’ exposure to the market skyrocketed.Therefore, a 1% move in stock prices now has a much larger impact on wealth levels for most groups,” he explained. Source: yahoo.com

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News 

Roxy Music’s Bryan Ferry to launch North American tour this summer

“Ferry’s 2019 world tour will begin February 14 in South Africa and also will visit Australia, New Zealand, Japan and Europe prior to the North American leg” writes Midwest Communications Inc for 95kqds.com. Bryan Ferry , who will be inducted into the Rock & Roll Hall of Fame as a member of Roxy Music in March, will launch a solo world tour next month, and he’ll be bringing the trek to Canada and the U.S. in the summer. Source: 95kqds.com

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