Topline President Joe Biden told reporters Wednesday he is not confident the Supreme Court will uphold his executive order to cancel up to $20,000 of federal student loan debt for tens of millions of ...
Tag: Debt
Americans sweat Supreme Court ruling on student debt plan
Ambalika Williams is watching the first day of the Supreme Court hearing on Biden’s student-loan relief program with a feeling of hope, but also with a measure of anxiety. Williams has almost $1...
Car Debt Is Piling Up as More Americans Owe Thousands More Than Vehicles Are Worth
(Bloomberg) — Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their two vehicles. Most Read from Bloo...
Student Debt Snafu Shows The Danger Of Blending Public Good And Profit
LOS ANGELES, CA – APRIL 23: A student walks near Royce Hall on the campus of UCLA on April 23, 2012 … [+] in Los Angeles, California. According to reports, half of recent college graduates...
Student Debt Forgiveness At Supreme Court Tuesday—Here’s What You Need To Know
Topline The Supreme Court will hear oral arguments Tuesday in two cases that will determine whether President Joe Biden’s student loan forgiveness can go back into effect, with millions of Americans’ ...
China Debt Blowout Rings Alarm Bells as Leadership Meets
(Bloomberg) — When China’s leaders gather in Beijing for the annual parliament next week, one of the biggest economic risks they’ll need to tackle is the mounting debt of provinces. Most Read fr...
How investors can learn to live with inflation: BlackRock
Growth stocks may have led the early 2023 rally, but stubbornly high inflation means that won’t last. That’s the main message from the BlackRock Investment Institute on Monday, as U.S. stocks attempte...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
Carvana’s Tale of Debt and Losses Looks a Lot Like Old Hertz
(Bloomberg) — Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. Most Read from Bloomberg By the time the numbers hit shortly aft...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
Biden taps former Mastercard executive Banga to lead World Bank
The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
Vietnam Property Debt Crisis Deepens as Major Developer Delays Bond Payment
(Bloomberg) — Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. Mo...
Tempted to chase fat yields in money market accounts? Why it might not pay to switch.
The yield chase is on. After more than two years of historically low interest rates, savers are rediscovering that they can earn money on their money by letting it sit. During the pandemic, many saver...
The bond market’s worst-case scenario isn’t a Fed rate of 6%. It’s this.
A doomsday scenario for bonds in 2023 wouldn’t be the fed-funds rate reaching 6% by July. A bigger worry would be if U.S. inflation that’s been slow to retreat starts heading higher annually, said Jas...
The United States is Headed Toward a Debt Crisis: Former VP Mike Pence
Mike Pence – former Vice President of the United States – believes his country is en route to a debt crisis within the next 25 to 30 years due to the government’s irresponsible fiscal policy. Within 3...
U.S. Debt Is Over $30 Trillion. Who’s on the Other Side of Those Liabilities?
About the authors: Paul J. Simko is the Frank M. Sands Sr. associate professor of business administration at the University of Virginia Darden School of Business. Richard P. Smith is managing director...
Stock market saw worst day of 2023 because it’s unclear where rates will peak
Rising Treasury yields appeared Tuesday to finally catch up with a previously resilient stock market, leaving the Dow Jones Industrial Average and other major indexes with their worst day so far of 20...
Porsche Stuns Private Debt Market With Record €2.7 Billion Sale
(Bloomberg) — Porsche Automobil Holding SE has smashed records in the Schuldschein market on its debut, borrowing €2.7 billion ($2.9 billion) in the largest-ever deal for the German debt. Most R...
Tycoon Agarwal’s Plan to Trim Debt Hits a Roadblock in India
(Bloomberg) — Indian billionaire Anil Agarwal’s plan to trim a massive debt pile hit a roadblock after New Delhi said it would block the sale of a zinc manufacturing unit. Most Read from Bloombe...
Invest right now in the stock market? Why bother when cash could be king
The harder question for investors nearly a year into the Federal Reserve’s inflation fight is whether buying the dip in stocks is wise, or earning a cool 5% yield on safe-haven Treasury bills, a cash ...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange – Bitcoin News
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debto...
FTX Warns of Fake ‘Debt Tokens’ Trading on Exchanges
The restructuring team overseeing the FTX bankruptcy today warned investors to be on the lookout for scam tokens that aim to take advantage of the collapsed cryptocurrency exchange’s troubles. “The FT...
Millions of debt collections dropped off Americans’ credit reports
Tens of millions of debt collections disappeared from Americans’ credit reports during the pandemic, a new government watchdog report found, but overdue medical bills remain a big strain on many house...
Americans are racking up debt and burning through their savings—economists warn it could spark a recession
Despite high inflation, rising interest rates, and consistent recession predictions from Wall Street, Americans have continued spending at near a record pace over the past year, opting to splurge on D...
Generous Bond Yields Prove There Is an Alternative to Stocks
Return with us to ancient times, when dinosaurs ruled, at least in technology terms. It was early 2007, when Blackberries were in everybody’s mitts and the first iPhone hadn’t yet gone on sale, let al...
These money and investing tips can hold up your portfolio if the market melts down
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Why the stock market’s pullbac...
‘The risk is that we’re going to hit the brakes very, very hard,’ Larry Summers says
“‘The risk is that we’re going to hit the brakes very, very hard.’ ” — Larry Summers Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on price...
The ‘sandwich generation’ is racking up an average of $7,000 on their credit cards as the Americans’ total balances spike to $930 billion — here are 4 ways to dig your way out of debt faster
Credit card balances hit record levels at the end of last year, and experts are predicting they will only continue to increase over 2023. “Whether it’s shopping for a new car or buying eggs in the gro...
The 20 worst U.S. stocks in February: the biggest loser dropped 35%
Updated with month-end prices. The euphoria of January reversed in February, with broad declines for stocks across the board as interest rates continued to rise. Bond interest rates are more attractiv...