US Consumer Credit Falls Below Estimates in October; Tech Giants Face Renewed Scrutiny

Key TakeawaysU.S. consumer credit increased by $9.18 billion in October 2025, significantly missing analyst expectations of $11.80 billion and falling from September's $13.09 billion.Total U.S. consumer debt reached $18.09 trillion as of October 2025, marking a 2.9% increase year-over-year.Republican Attorneys General launched a probe in May 2025 into Apple (AAPL) and Google (GOOGL) over their handling of Chinese-owned applications like TikTok and Deep Seek, citing data privacy concerns and federal law.U.S. ...