Why is Digital Turbine stock plunging today?

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  Mounting scrutiny surrounding personal misconduct allegations and national security concerns has placed heavy pressure on the semiconductor giant ahead of its November 17 quarterly earnings report. The stock plunge reflects heightened investor anxiety after revelations surfaced regarding internal corporate inquiries and an FBI investigation into foreign intelligence operations. This swift market retreat threatens to erase nearly $400 billion in company value while clouding the leadership of its longtime chief exec…

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• Credit card debt climbs to a record $1.29 trillion, New York Fed research finds

  Persistent inflation, higher borrowing costs, and rising expenses for essentials like groceries and gas continue to strain household budgets. Federal Reserve Bank of New York researchers warn that lower-income consumers whose wage growth has lagged inflation face the greatest financial distress. This growing reliance on high-cost revolving credit comes as average interest rates on new cards hover near 24%.

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• U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.35%

  Equities across the British market faced persistent selling pressure that left major domestic shares struggling by the final bell. The downturn directly impacted key market gauges as broader institutional trading concluded in negative territory. Consequently, overall investor sentiment softened, underscoring broader caution within the United Kingdom's financial landscape during the session.

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