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Good morning. Today is Wednesday, November 8th. I'm Julie Morgan.

Credit cart delinquencies rise most among millennials.

Car Guru's acquires car offer and Virgin Galactic is making room to focus on Delta.

More people are using credit cards. making room to focus on Delta.

More people are using credit cards just to get by.

Americans credit card debt swelled to a record 1.08 trillion dollars in Q3,

up 154 billion dollars from Q3 of 2022.

This marks the largest increase since the New York Fed

began tracking household debt in 1999.

Total delinquency rates rose in Q3,

with 3% of outstanding debt

in some stage of delinquency at the end of September.

Delinquency rates increase the sharpest for

millennials age 30 to 39 while credit card delinquencies have surpassed pre-pendemic

levels. An economic research advisor at the New York Fed said the continued rise in credit card

delinquency rates is broad-based across area, income, and region, but particularly pronounced among millennials in those with auto loans or student loans.

Researchers caution that since the labor market and the economy have remained resilient,

pinning down the causes of rising delinquency rates is more difficult.

Car gurus on Tuesday said it would fully acquire online car dealership car offer

for $75 million in an all-cash deal.

C-A-R-G had initially acquired a 51% stake in car offer

...