High interest rates are hurting people. Here's why it's worse for Californians [Los Angeles Times (CA)]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4715924
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Source: Los Angeles Times
The surge in interest rates imposed by the Federal Reserve to slow inflation has closed like an acrid cloud over would-be homeowners, car buyers, growing families, and businesses new and old, large and small. It has meant missing opportunities, settling for less — and waiting and waiting and waiting. It's not that the average American is underwater. It's that many feel that they're struggling more than they anticipated and feel more constricted. In the American Dream, if you work hard, things are supposed to get better. Fairly or not, that may be a big part of why so many voters have expressed unhappiness with President Biden's handling of the economy The cost of borrowing, whether for mortgages, credit cards or car loans, is the highest in more than two decades. And that is weighing especially hard on people in California, where housing, gas and many other things are more expensive than in most other states. California's economy also relies more on interest rate-sensitive sect
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CART
Earnings
- 5/8/24 - Beat
CART
Sec Filings
- 6/28/24 - Form 4
- 6/26/24 - Form 144
- 6/24/24 - Form 4
- CART's page on the SEC website