Treasury yields continued to climb on Monday, with the 2-year reaching levels not seen since November 2007, as bonds tumbled in the wake of Federal Reserve Chairman Jerome Powell’s hawkish remarks at ...
Tag: Debt
Bitcoin Has Stumbled. That’s Not a Good Sign for Stocks.
Text size Bitcoin’s drop isn’t much of a surprise. Interest rates have risen in the past few weeks as markets worry that the Federal Reserve would keep lifting rates to combat high inflation. Risk ass...
Mortgage rates are up, but home prices may have peaked — just as debt forgiveness frees up more cash
‘We are at the turning point’: Mortgage rates are up, but home prices may have peaked — just as debt forgiveness frees up more cash U.S. mortgage rates have spiked to their highest level in two months...
How retirees can survive a bear market
Wait until the VIX gets a lot lower before putting any sideline cash back to work in the stock market. That’s the implication of a 2019 academic study in the Journal of Financial Economics. Entitled “...
Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says
“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former U.S. Treas...
Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.
Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a wi...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to ...
How the U.S. government can keep household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of hou...
NRG-Funded Report Says Texas Ratepayers On Hook For $10.5 Billion Due To Uri, Oklahomans Facing $2.8 Billion In Debt
Transmission towers near the CenterPoint Energy power plant on July 11, 2022 in Houston. Ratepayers … [+] in ERCOT are being saddled with $10.5 billion in debt due to losses utilities incurred d...
The Fed isn’t pivoting. Why were stock investors the last to know?
After Friday’s brutal session for stocks, it appears equities were the last asset class to accept the notion that the Federal Reserve likely won’t be pivoting to a less aggressive monetary policy stan...
Student Debt Forgiveness May Be Taxable in More Than a Dozen States
(Bloomberg Law) — The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a ...
Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt
CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general. Watch this exclusive interview to hear Sasha’s...
White House Slams Republicans Who Criticized Student Debt Relief But Received PPP Loans
Topline The White House caused a stir on Twitter Thursday afternoon by calling out several Republican lawmakers who criticized President Joe Biden’s move to forgive up to $20,000 in student loan...
Biden canceled billions in student debt, but what he plans to do next could have an even bigger impact
Biden canceled billions in student debt, but what he plans to do next could have an even bigger impact With billions of dollars of student debt cleared from the books, millions woke up today to a diff...
US Shale Could Erase Debt by 2024, Freeing Up Cash for Gas Pivot
(Bloomberg) — US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas productio...
Texas Consumers On Hook For $10 Billion In Debt Incurred During Winter Storm Uri
A resident of Fort Worth, Texas pulls a sled on February 17, 2021, after Winter Storm Uri hit the … [+] state. Texas ratepayers are now on the hook for some $10 billion in debt incurred by utili...
Progressives Praise Biden’s Student Debt Cancellation As GOP And Moderates Voice Concern
Topline President Joe Biden’s decision Wednesday to cancel at least $10,000 of federal student loan debt for most borrowers was welcome news for progressives, who touted it as the culmination of...
Do I qualify for student loan forgiveness? What to know about Biden’s debt plan.
LIFE OFF PAUSE: How the student loan payment pause changed people’s lives President Joe Biden confirmed Wednesday what many have anticipated for months – a plan to forgive or reduce student loan debt ...
Student Loan Websites Crash After Biden Announces Debt Relief
Topline Scores of student loan borrowers reported they were unable to access their loan details Wednesday after President Joe Biden announced his long-awaited student debt forgiveness plan, which appa...
Biden to Forgive $10,000 in Student Debt, Double for Pell Grant Recipients
(Bloomberg) — President Joe Biden announced a sweeping package of student-debt relief that forgives as much as $20,000 in loans for some recipients, a move he said would help a generation “saddl...
Financial markets are bracing for what could be a ‘very hawkish’ Jackson Hole speech by Fed’s Powell
Financial markets are bracing for Friday’s widely-anticipated Jackson Hole speech by Federal Reserve Jerome Powell and expecting that he’ll signal the continued need for aggressive interest-rate hikes...
Student Loan Forgiveness And How To Balance Debt Against Your Other Financial Goals
Biden cancels student loans for millions. Getty Images Key Takeaways Biden has canceled student loan debt for millions and extends loan payment pause. Borrowers should consider the loan’s interest rat...
Where’s the debt relief for everybody else?
President Biden doesn’t want to do it. But political reality has compelled him to make the biggest move so far to relieve student borrowers of onerous debt. After months of deliberation, Biden has sig...
As Biden cancels up to $20,000 of student debt, some groups want more
Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images President Biden’s long-...
What Forgiving Student Loan Debt Could Mean for the Economy
Nearly 44 million people collectively owe $1.7 trillion in federal student loans. Forgiving some or all of it would cost taxpayers hundreds of billions of dollars. Stefani Reynolds/AFP/Getty Images Te...
Forgiving $10,000 in student loan debt would cost the U.S. $300 billion, according to new analysis
If the Biden administration forgives $10,000 in federal student loan debt for borrowers within a certain income cap, it would cost approximately $300 billion, according to a new analysis. No details o...
White House Expected to Announce Plan to Cancel Student Debt
President Joe Biden is expected to announce his plan for student debt relief on Wednesday, according to multiple reports. Although details have yet to be confirmed by the White House, the Biden admini...
These dividend stocks can protect you as the Federal Reserve slows the economy
With Federal Reserve Chairman Jerome Powell set to deliver an important speech Friday, investors may finally begin to take him at his word: The central bank is going to maintain a hawkish stance to co...