Month: July 2020

(CNN) – Americans’ credit card debt is shrinking rapidly during the coronavirus recession. That’s a sharp contrast with the last two economic downturns. The amount of consumer revolving credit, which is mostly credit cards, plunged by another $24 billion in May, the Federal Reserve said Wednesday. This costly form of debt is down more than

(CNN) – Starbucks will start requiring customers to wear facial coverings or masks in all 9,000 of its company-owned American stores beginning July 15. The mandate is part of Starbucks’ “continued effort in prioritizing the health and well-being” of its employees and customers during the pandemic, the company said in a statement Thursday. Requiring a