Consumer News: Household Debt Grows Biggest Since 2007, Fortune Calls Walmart World’s Biggest Company, More
CNN – US household debt jumped to $ 15 trillion in the last quarter. This is the largest quarterly increase since 2007 and the largest percentage increase in nearly eight years. Credit card balances rose $ 17 billion in the second quarter, while auto loan balances rose $ 33 billion and mortgage debt jumped to $ 10.4 trillion. Student loans were the only category of debt that saw a decline.
Fortune released its list of the top 500 companies in the world and Walmart took the top spot. He held the top spot for eight consecutive years. Another retailer is growing. Amazon landed in third place this year. That’s a big jump from ninth place in 2020. Neither company was the most profitable in the world. This title goes to Apple, which grossed $ 57 billion.
Prepare your passports, Royal Caribbean has announced that all of its ships will go to sea by spring 2022. The cruise line will require all crew members and guests to be fully vaccinated against COVID-19. Children under the vaccine eligibility age will need to be tested and undergo other health and safety measures. Royal Caribbean says its vaccination policy helps protect the well-being of all aboard its ships, adding that 110,000 guests have sailed safely with the company since December.