Credit card debt skyrocketed during the last three months of 2022, as Americans shopped their way through the holidays and potentially into financial trouble. Americans’ collective credit card balance...
Tag: Debt
CBO Estimates Summer Default If No Debt Limit Deal Reached
Treasury Secretary Janet Yellen previously indicated that extraordinary measures would expire “early … [+] June” the Congressional Budget Office have now shared their own estimates (...
Consumer debt hits record $16.9 trillion as delinquencies rise as well
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters Consumer debt hit a fresh record at the end of 2022 while delinquency ...
Missing A Debt Payment, Diamond Sports Is On The Verge Of Bankruptcy; Upending Local Sports Revenue Model
With Regional Sports Network Bally’s Sports expected to file for Chapter 11, Major League Baseball … [+] Commissioner Rob Manfred says MLB, if needed, could take over distributing live in-...
Avaya files for bankruptcy, about 5 years after emerging from previous bankruptcy
Avaya Holdings Corp. said Tuesday that it and all of its U.S. subsidiaries filed for bankruptcy, a little more than five years after emerging from its previous bankruptcy. The business communication c...
The hunt for stocks with rising dividends: These fund managers have a strategy to keep your payouts growing
The broad stock-market rally so far in 2023 might make it easy to forget what a rough ride investors faced last year. It was a time when some active strategies focused on dividends, good cash-flow tre...
These money and investing tips can build your portfolio’s offense and defense
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 10 value stocks for today’s ma...
AI is dominating the action in the stock market right now
OpenAI, the developer of ChatGPT, is receiving billions of dollars in funding from Microsoft Corp. MSFT, -0.20%. The rollout of this new technology has been followed by similar efforts by Alphabet Inc...
Bitfarms Settles Debt with BlockFi
Bitfarms, a company that mines for Bitcoin (BTC), has fulfilled its financial obligations to BlockFi, putting an end to the short-lived commercial agreement that it had with the now-defunct cryptocurr...
10 value stocks for today’s market
Did the tide turn away from value in January and back in favor of growth? I’m referring to the relative performance of issues that trade for low ratios of price to net worth (value stocks) and those t...
Argentina Is Buckling Under Strain of $174 Billion Debt Mountain
(Bloomberg) — Cut off from global credit markets, Argentina’s government is selling ever more local currency bonds, amassing a debt load that already totals 33 trillion pesos ($174 billion) and ...
The U.S. Cities Drowning In Debt [Infographic]
The average person in the U.S. is around $96,400 in debt. Now, if Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big ...
‘The short end of the curve is very sexy today’: But where should ETF investors bet on bonds?
Hello! This week’s ETF wrap brings you some of the buzz around fixed income at the recent Exchange conference in Miami, including views from BlackRock, DoubleLine, PIMCO, State Street and Fairlead Str...
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During the 2022 chaotic events, Tether processed...
Deeply inverted Treasury curve narrowly misses reaching 41-year milestone
A bond-market gauge of impending U.S. recessions fell just shy of reaching its most negative reading since October 1981, when interest rates were 19% under Paul Volcker’s Federal Reserve. That gauge, ...
Bitfarms pay off $21M debt with one-time cash payment of $7.75M
Ad Crypto miner Bitfarms has settled a $21 million debt owed to bankrupt crypto lender BlockFi with a one-time cash payment of $7.75 million, according to a Feb. 9 press statement. Bitfarm agreed with...
How Would the US Debt Default Impact the Cryptocurrency Market
Could cryptocurrency be facing its greatest challenge yet? A debt default refers to a government’s inability to repay its debt obligations. This article will explore the potential impact of a US debt ...
Bitvavo Expects a DCG Deal Recovery of 80–100% on Outstanding Debt
Join Our Telegram channel to stay up to date on breaking news coverage Crypto exchange Bitvavo expects Digital Currency Group (DCG) to fulfill at least 80% of its obligations to the exchange. What: Bi...
Why To Invest Regardless Of The Supreme Court Decision On Student Loan Debt Relief
Getty Images Key takeaways The Biden Administration’s student loan debt relief plan will debut before the Supreme Court on February 28 Two lawsuits against the plan argue that the Biden Administration...
DCG Strikes A Debt Deal To Cut Off Some Limbs To Try Save The Patient
Join Our Telegram channel to stay up to date on breaking news coverage Following its high-profile bankruptcy three weeks ago, the lending arm of crypto institutional brokerage Genesis has reportedly a...
DebtDAO To Burn 18M FTX User Debt Tokens Citing Demand Frenzy
Join Our Telegram channel to stay up to date on breaking news coverage DebtDAO has to burn 18 million FTX User Debt tokens, FUD, following a recent value surge that caused a demand frenzy. What: DebtD...
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan – Economics Bitcoin News
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury ...
DebtDAO set to burn 18m FTX user debt (FUD) tokens
DebtDAO, a decentralized autonomous organization focused on debt management, announced its plan to burn 18 million FTX user debt tokens. The decision to burn the tokens results from a demand frenzy f...
Bitvavo will receive 80% of DCG debt
Bitvavo just released a statement announcing that they expect to receive at least 80% of the debt owed to them by DCG. According to incoming reports, Digital Currency Group currently owes Bitvavo, a ...
Fed Official Warns U.S. Debt Default Would Be ‘Catastrophe’ As Bank Of America Gears Up For The Worst
Topline Federal Reserve official Neel Kashkari on Tuesday reiterated the Treasury’s concern over the nation’s looming debt ceiling crisis, and though he’s unsure how likely a potenti...
Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan
Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any mandatory principal amort...
‘Edge of a swamp’: JPMorgan strategist sees ‘one time only sale’ in fixed income as U.S. economy slows
Fixed-income yields “all look good,” and you might want to get some while you still can, according to JPMorgan Chase & Co.’s David Kelly. It’s a “one time only sale,” said Kelly, chief global stra...
Bitvavo expected to receive at least 80% of DCG’s debt
Crypto exchange Bitvavo is expecting Digital Currency Group (DCG) to repay at least 80% of its debt to the exchange, according to a Reuters report. DCG owes €280 million to Bitvavo — which equates to ...
‘I am trying to feverishly save for retirement’: My fiancé pays $1,700 a month to the IRS and owes student debt. We’re both 57. Should I marry him for his Social Security and pension?
Dear Quentin, My fiancé and I met at age 42 after being recently divorced. We have (now-grown) children from our previous marriages, but none together. We keep our finances separate. Neither one of us...