Federal Reserve Chairman Jerome Powell on Thursday joined the chorus of U.S. central bankers who want to move faster on raising interest rates. “It is appropriate in my view to be moving a little more...
Tag: Debt
As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10%
Stocks are set to get a major bump on Thursday, thanks to blowout results from Tesla, which go some way in easing the sting over Netflix disappointment. With earnings sharply in focus for now, market ...
‘The Fed always screws up.’ This forecaster sees inflation peaking and U.S. stocks in a bear market by summer
Keith McCullough, founder and CEO of Hedgeye Risk Management, has been bullish on gold, silver and utilities since the start of the year, when his investment-research firm’s economic models turned bea...
Fed may need to be even more aggressive fighting inflation as U.S. household cash exceeds debt for first time in three decades, warns Deutsche Bank
With U.S. households looking in good financial shape, the Federal Reserve may need to be even more aggressive raising interest rates to cool the economy and bring down high inflation, according to a r...
Why you should retire with more money than you need
I’m frequently asked some variation of this question: Can I afford to retire? The question seems simple, but it’s trickier than you might think. The simple answer is: It depends on how much you need f...
Investing Can Help You Combat Your Debts
getty Key Takeaways According to New York Federal Reserve data, consumers ended 2021 with a record $15.6 trillion in debt The average household now owes $155,622, including balances on mortgages, cred...
Biden administration to erase student debt of more than 40,000 borrowers
The Biden administration continued its student loan cancellation effort on Tuesday by announcing that 40,000 borrowers would see their student loans become eligible for discharge under the Public Serv...
Biden administration launches student loan review, says 40,000 borrowers will see debt canceled
The Department of Education announced Tuesday a new review of its student debt portfolio, which it says will correct for past mistakes that denied 3.6 million borrowers credit toward student loan forg...
What the rising probability of a ‘growth scare’ means for the stock market, according to Citigroup
Recession worries are working their way into equities, according to Citigroup. A “mild recession in 2023” could lead to a drop of about 20% for the S&P 500 index from its late March high of around...
This Company Can’t Spice Up Its Debt Issues
Inflation and long-term debt can be a challenging recipe as Real Money Columnist Stephen “Sarge” Guilfoyle sees it. That’s especially true for a company he recently looked at follow...
Bond Rout Promises More Pain for Investors
The worst bond rout in decades shows few signs of abating, threatening further pain for both investors and borrowers. Battered by high inflation readings and sharp messages from Federal Reserve offici...
Recession fears and the stock market — Is it too late to play defense?
Recession fears are on the rise as the Federal Reserve gears up to fight inflation. Many stock-market investors are already playing defense and may wonder if those strategies have more room to run. Bu...
Municipal Bonds Are Down So Much That They’re Buys Again
Text size Al Drago/Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at l...
Recession is `the most likely’ outcome for U.S. economy, says Larry Summers
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a...
Tether plans to reduce commercial debt holdings in its reserve, goes live on Kusama
The leading stablecoin issuer, Tether, is looking to further reduce its commercial debt holdings, according to Tether and Bitfinex CTO Paolo Ardonio. “Over time, we will keep reducing the commercial ...
Why the stock-market rally may be nothing more than ‘wishful thinking,’ according to Morgan Stanley CIO
Listen to the bond market. That is the advice from Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, warning that recent resilience in stocks could be “nothing more than a be...
Tether to Reduce Holdings of Commercial Debt in USDT Reserves
Tether’s chief technology officer, Paolo Ardoino, said the company will reduce its commercial debt holdings, speaking to CNBC on April 13 at the Paris Blockchain Week Summit. The world’s largest stabl...
‘The weight of this debt is crushing’: I’m 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?
Dear Quentin, I have not seen anyone address student-loan debt for people over 70 years of age. I am a 74-year-old retired speech-language pathologist with a student-loan debt of $200,000. I’m on a ...
Three value stocks that can provide safety as interest rates rise
Stocks have been on a rocky road this year, as investors have tried to anticipate every possible move by the Federal Reserve to combat inflation. Value strategies have held up better than growth strat...
The silver lining of surging inflation: I-bond yields should climb above 9%
CHAPEL HILL, N.C. –Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this ...
‘Calamity’ may be coming, stock-market setup similar to 1999: Jeffrey Gundlach
A “calamity” may be coming for markets, potentially in 2023, Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine, warned Tuesday on stage at the Exchange ETF conferen...
White House announces measures to reduce the burden of medical debt
After recently overhauling a “glitch” in the Affordable Care Act (ACA), the Biden administration is now addressing another issue plaguing the American health care system: medical debt. On ...
Historic Russian Debt Default Creeps Closer As Moscow Threatens Legal Action Over Crippling Sanctions
Topline With tightening sanctions making it increasingly difficult for Russia to pay its debt, the nation is edging closer to its first default in more than a century, credit ratings agency Standard &...
I’m 62 with $100K in student loans and $13K in credit card debt. What can I do?
How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency. I am salaried and have no option for overtime. I only have every other weekend ...
The housing market is running hot. Can the Fed cool it before it crashes?
When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might ...
RITMO Receives $200 Million in Debt Financing
Financial technology firm, RITMO became the latest startup to receive significant debt financing for its expansion. According to the company, it has secured $200 million in a debt funding round led by...
Here’s how to craft student-loan forgiveness in a way that cuts out those who don’t need help
The Federal Reserve Bank of New York on Thursday released new analyses on student loans, with one blog post focused on who would benefit from various approaches to canceling such debt — as well as eac...