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Americans’ Credit Card Debt Rises More Than Inflation — Quartz Daily Brief — Quartz

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Here’s what you need to know

A missile hit Poland, killing two people. NATO allies met to discuss the incident today, but President Joe Biden said the provenance of the missile – still undetermined –is unlikely to be Russian.

US credit card debt jumped 15% year-on-year. The latest data indicates that Americans are going into debt cope with inflation. Meanwhile, retailers like Home deposit and walmart are doing very well.

Estée Lauder pays $2.3 billion to buy Tom Ford. The blockbuster acquisition is the biggest for the cosmetics brand to date, expand your luxury empire.

FTX could have over a million creditors. Crypto platform founder Sam Bankman-Fried is said to be always looking for money to cover $8 billion in withdrawal requests, even after the company filed for bankruptcy last Friday.

Donald Trump has announced a third candidacy for the White House. The former president, who refused to accept defeat in 2020 and faces multiple investigations, launched the campaign 2024 from his Mar-a-Lago residence.

Ticketmaster’s handling of Taylor Swift’s tour ticket sales has enraged fans. Congresswoman Alexandria Ocasio-Cortez called for a breakup of the Ticketmaster-Live Nation monopoly as Swifties faced trouble.



To monitor

Three, two, one… take off! After a series of glitches and false starts, NASA’s Artemis I spacecraft finally launched today (November 16) at 1:47 a.m. EST, reaching the Moon 50 years later. the end of the Apollo program. The name of the mission is not only a reference to the moon goddess and sister of Apollo, but also to its goal of sending a woman to walk on the surface of Earth’s satellite.

It took a long time for the mega lunar rocket to be able, after crossing a long development, engine sensor problemsand two hurricanes. The uncrewed test flight has a lot to prove, primarily that the Space Launch System rocket and the Orion space capsule can safely carry future astronauts to the Moon. Will the investment pay off?

$93 billion: Amount spent on the Artemis 1 program
$4 billion: Cost per launch
$270 billion: Cost of the entire Apollo program, including six crewed Moon landings, in current dollars


Welcome to the world, human number 8 billion!

Yesterday, the world population crossed the threshold of 8 billion. Before getting too pessimistic with your theories on demographic crises, know that there is a lot behind this number. For one thing, the rate of population growth is actually slowing and average fertility rates are falling. Additionally, improvements in public health help people live longer.

But if there is cause for concern, it lies in whether certain regions will have the capacity to support rapidly growing populations. Africa will be responsible for half of the world’s population growth through 2062, placing many countries in a giant dilemma: balancing the fallout from catastrophic weather events while developing economies to sustain a demographic dividend.

Image copyright: Amanda Shendruk


It’s tech layoff season

One large number: 33,000, the number of people that major US tech companies have laid off in the past month. Here’s a breakdown of some recent downsizing in Silicon Valley.

Image copyright: Scott Nover

And that’s just part of the list. Find out how Peloton, Coinbase and others stacked.

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Surprising discoveries

Steve Jobs’ used sandals were sold for the price of a Ferrari. Pair of 1970s Birkenstocks went for over $218,000 at auction.

Even rats get groovy with Lady Gaga. Rodents are more sensitive to music that has 120-140 beats per minutejust like humans.

A censored Italian Baroque painting will be tastefully stripped. 1616 coin by Artemisia Gentileschi, The Allegory of Inclination, will be released some other artist’s prudish drapery.

The Milky Way is chocolateier than we thought. Neutron stars have a structure similar to something like a Praline Ferrero Rocher.

The oldest piece of text in the Basque language has been found. So far, one word has been decoded from a 2100 year old bronze plaque: sorionekuor “good omen”.


Our best wishes for a productive day. Send news, comments, videos of dancing rats and chocolate stars to [email protected] Drive support makes Quartz accessible to everyone—Become a member. Today’s Daily Brief is brought to you by Sofia Lotto Persio, Julia Malleck and Morgan Haefner.