Business Minute: Drop in Delinquencies & iPad Size Does Matter

Published 08/28 2014 09:16AM

Updated 08/28 2014 09:22AM

DROP IN DELINQUENCIES
According to credit reporting agency Transunion the number of people with payments at least 90 days overdue fell to just over 1% this quarter. That's the lowest level in more than 7 years. Meanwhile, the average card debt per borrower rose slightly to $5,234. Financial experts say the rise in average balance and drop in delinquencies shows Americans are more secure with their financial situation.

IPAD SIZE MATTERS
A new bigger iPad is reportedly in the works. According to Bloomberg, the new iPad will have a 12.9 inch screen and will feature split-screen multitasking. Apple currently makes an iPad with a 9.7 and 7.9 inch screen. The new bigger iPad is expected to be released early next year. No word yet on its retail price.

STOCKS
Here's a look at Wednesday's closing numbers:

Dow
17,122.01
+15.31

Nasdaq
4,569.62
-1.02

S&P 500
2,000.12
+0.1

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