In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trad...
Tag: Debt
What Biden’s reported student debt cancellation plan could mean for borrowers
The question on millions of student loan borrowers’ minds will likely be settled Wednesday, when the Biden administration is expected to announce broad-based student debt relief. Though borrowers wil...
U.S. Could Cancel Some Student Debt. Expect News Soon.
Text size A decision on forgiving federal student loan debt is expected by the end of August. Stefani Reynolds/AFP/Getty Images The Biden administration is expected to make an announcement on federal ...
Biden Reportedly Eyes $10,000 Debt Relief For Borrowers Under Income Threshold
Topline The Biden Administration could forgive $10,000 worth of student loan debt for Americans who earn less than $125,000 annually, CNN reported Monday, following months of deliberations and as a tw...
Would forgiving student debt drive up inflation? Only if you’re using lousy math
Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) ran against each other for the Democratic nomination for president in 2020, but were in agreement on the need to cancel student debt. (Assoc...
Beware of a ‘bear trap’ retreat in stocks after the big summer rally, strategists warn
It looks like a “bear trap” may be lurking in this summer’s big bounce for the stock market, one that could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Invest...
How U.S. Companies Suffer From A Strong Dollar
Dynamics of exchange rates with a strong dollar. Getty Images A strong dollar is great for businesses that import products or parts and a strong dollar is good for the international traveler. However,...
Once offering the worst return on Wall Street, cash is now looking like the best asset to own, says Morgan Stanley
Stock sellers are ready to pick up where they left off on Friday, as the market appears to be is waking up from its August slumber with a vengeance. As Goldman Sach’s chief U.S. equity strategist Davi...
BendDAO running out of funds amid fears of souring debt
NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank ru...
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players. Various stablecoin provider...
These are the states with the most and least credit card debt
Credit card debt has soared throughout 2022 as consumers are shying away from cash-on-hand in order to foot the bill of inflation. Data from the Federal Reserve Bank of New York showed a $312 billion ...
Opinion: Stop misreading the Fed: It’s not getting cold feet about wrestling inflation to the ground
The Federal Reserve isn’t as mysterious as it’s made out to be. It’s not hiding coded messages in its communications. It’s not using obscure metaphors that seem to say one thing but actually mean the ...
Single-stock ETFs: ‘We’re going to see this entire ETF category absolutely explode’
Hi! In this week’s ETF Wrap, you’ll get a look at the wave of single-stock ETFs that have recently hit the market — and whether they may be geared toward your investment approach. Please send feedback...
Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis
Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks nonfungible tokens (NFTs), who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situa...
The Countries Most In Debt To China [Infographic]
Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred...
Stronghold Gives Back Rigs to Reduce Debt
Miner agrees with NYDIG, WhiteHawk Capital Stronghold will return around 26,200 Bitcoin mining machines The Miner is likewise rebuilding a convertible note for cash Bitcoin excavator Stronghold Digita...
Bitcoin Mining Company Returns Over 26,000 Rigs To Save Itself From A Ballooning Debt
Bitcoin mining can bring some promises of good fortune, but given the unpredictable nature of bitcoin and other cryptocurrencies, the activity can go sideways and force even the most well-funded compa...
Bitcoin Miner Stronghold Returns 26,200 Mining Rigs to NYDIG to Clear $67M Debt
Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significant...
Did the stock market ‘misinterpret’ Fed again? What strategists say about the reaction to the July minutes
Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less ...
Ford’s green bond sees $5 billion in demand as Biden signs climate bill
Investors swarmed over Ford Motor Co.’s new $1.75 billion green-bond deal on Tuesday to help boost its development of more electric vehicles. Order books for Ford’s F, +0.67% speculative-grade debt de...
This Bitcoin Miner is Selling 26,200 Rigs to Reduce Debt
Amid the crypto market crash this year, Bitcoin miners have been on a huge selling spree to cover operational costs and repay their loans. Going further, Bitcoin miner Stronghold Digital Mining Inc. i...
President Biden forgives nearly $4 billion in student debt — what’s next?
President Biden forgives nearly $4 billion in student debt — what’s next? President Joe Biden wiped $3.9 billion from the student loan records Tuesday. More than 200,000 former students, who still owe...
Bitcoin Miner Stronghold Digital Significantly Restructures Debt
“Collectively, the NYDIG, WhiteHawk, and Convertible Notes and Warrants restructurings (i) reduce principal amount outstanding by approximately $79 million (approximately 55% of total principal ...
Why Americans are taking on more credit card debt: ‘My rent literally tripled’
Rob Robinson was doing a pretty good job managing his everyday expenses and basic necessities until he was forced to move out of his home in Lake Worth, Florida, when his landlord of over 20 years put...
These Funds Hold Just 1 Bond. Why They’re Revolutionary.
Text size Since bonds don’t trade on exchanges, investors need to trade through one of the broker-dealers over the counter. Al Drago/Bloomberg Investors may still be scratching their heads about...
Opinion: Inflation report brings 2 pieces of good news for retirees and retirement savers
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what ...
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
Debt has been a sore spot for some crypto miners, some of which have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past fe...
Why home prices can stay high, complicating the Fed’s battle against inflation
Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher intere...
Opinion: You work hard to pay off debt. Here’s the secret to keep you from backsliding as the economy slows
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself back on solid footing before it snowball...