Wall Street Breakfast

Household debt increases in Q2

Aug 7, 2024
U.S. household debt surged by $109 billion in Q2, driven by high credit card balances and home equity lines. Amidst this financial backdrop, political winds are shifting towards cannabis legalization, with renewed support from Minnesota's Democratic ticket. The market sees notable movements, especially in the cannabis sector, while Hyundai plans a $28M investment in EV assembly and batteries in Thailand. Corporate earnings forecasts and upcoming economic data also shape the current market landscape.
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