Synthetix (SNX/USD), a decentralized finance (DeFi) protocol, has announced the launch of the Debt Pool Synthesis feature. The feature will boost the staking process and enhance liquidity on the proto...
Tag: Debt
Synthetix commence debt pool merger to enhance liquidity and staking capabilities
Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking ...
I’m 65 and have $220K in student loan debt. I have a lot of health issues and am only working part-time. Can I somehow erase this debt?
Remember, if you’re having difficulty making payments due to low or no income, you may be eligible for a low or $0 payment by enrolling in an income-driven repayment plan Getty Images/iStockphoto Ques...
The stock market hit its COVID low 2 years ago today. Here’s how its performance since then stacks up.
It’s the second anniversary Wednesday of the lows set in the U.S. stock-market plunge triggered by the onset of the COVID-19 pandemic in early 2020. Stocks have stumbled thus far in 2022, but the S&am...
My son failed out of school and has $126K in student loan debt. What can we do?
How to get out of student loan debt Getty Images/iStockphoto Question: My son was studying in a pharmacy program and at the end of the last semester, the college kicked him out due to his non-performa...
El Salvador Will Sell Debt to Build Its Bitcoin City
As a means of avoiding assistance from the International Monetary Fund (IMF), the Central American nation of El Salvador is looking to sell debt that’s fully backed by bitcoin. The IMF has already ask...
As President Biden Prepares To Extend Loan Repayment Pause, Governors Address Root Causes Of The Student Debt Crisis
The White House is considering an extension of the student loan repayment pause until 2023, along … [+] with various ways to cancel student debt. getty While members of Congress are calling for ...
Treasuries Are Selling Off. Blame Powell’s Comments on Half-Point Rate Hikes.
Fed chief Jerome Powell, shown Monday at a conference in Washington, D.C., said ‘nothing’ would prevent the central bank from raising rates by a half-point at a coming meeting if needed. S...
China’s Embattled Evergrande Says It Can’t Publish Annual Report On Time
A view of evergrande Center office building in Shanghai, China.(Photo credit should read Wang Gang / … [+] Costfoto/Future Publishing via Getty Images) Future Publishing via Getty Images China E...
Russia says it avoided default on its $40 billion sovereign debt, but creditors say they haven’t been paid yet
Russia’s finance ministry said it deposited a $117 million interest payment on two dollar-denominated bonds due Wednesday, despite global ratings agencies predicting the country may be heading f...
More than 70% of savers are worried that inflation will affect their ability to retire
Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months. And the federal government’s own “inflation protected” bonds, which were designed to...
Argentina`s government approves $45 billion IMF debt deal
TL;DR Breakdown Argentina approves a $45 billion debt deal with the IMF. The deal stands to discourage the use of cryptocurrencies in the country. IMF unwavering stand on the crypto sector. The IMF, o...
Fed’s Powell sees the light — and turns far more hawkish than expected
After remaining stubbornly dovish last year, Federal Reserve Chairman Jerome Powell on Wednesday jumped the central bank squarely into the hawkish camp at his press conference on Wednesday. “The March...
The Fed got inflation badly wrong — and now it admits there’s no quick fix
Higher prices of gas, groceries, new cars and mortgage rates got you down? Americans may have to get used to it. The rate of inflation might not return to pre-pandemic levels of less than 2% for at le...
Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions
Malaysia’s long-haul budget airline AirAsia X Airbus A340 jetliner is greeted with jets of water … [+] upon its landing at the end of the AirAsia X first flight Kuala-Lumpur -Paris at Pari...
El Salvador prepares to launch Bitcoin “volcano bond” as they face mounting debt
Six months after El Salvador became the first nation to make bitcoin legal currency, El Salvador’s president Nayib Bukele is preparing to launch a controversial Bitcoin “volcano bond”, as early as thi...
Wall Street’s Skittish Attitude Toward Putin Pays Off As Russia Default Looms
Citigroup faces the most exposure to Russian sovereign and corporate debt, recently redefining its … [+] at-risk exposure to Russia from $5.5 billion to $9.8 billion. getty Most of Wall Street h...
Portfolio manager with 50 years of experience shares 1970s bear-market lesson, and three stocks to buy now
A previous version of this column gave the incorrect date for the Fed policy decision. The story has been corrected. Investors looking at their screens this morning might feel a bit of relief, with oi...
What a Russia debt default would mean for financial markets as Ukraine invasion continues
The threat of a Russian default on sovereign debt is seen near, but investors so far aren’t panicking over any potential hit to global financial markets. “While a default would be symbolic, it seems u...
Fed to hike interest rates Wednesday, undeterred by lack of visibility on Russia-Ukraine war’s impact
On Saturday, a strong late winter storm caused havoc on the East Coast, particularly in Pennsylvania, with drivers experiencing severely reduced visibility as winds blew snow across the roads. Speed l...
Russia’s stock market to remain closed for another week
Russia’s stock market will remain closed this coming week, March 14-18, the country’s central bank said Saturday. However, the central bank said the foreign exchange market, money market and repo mark...
The world’s largest asset manager and a big bond fund are reported to be early losers from the war in Ukraine
As Wall Street assesses the damage to balance sheets resulting from Russia’s invasion of Ukraine, the world’s largest asset manager and a big bond fund are reported to be early losers. BlackRock BLK, ...
Russia threatens to make external debt payments in roubles
Russia has threatened to pay international bondholders in roubles rather than dollars just days before a key interest payment on its external debt comes due. Anton Siluanov, Russia’s finance minister,...
How To Claim Bad Debt Losses On Your Taxes
Money tree loses leaves getty Let’s say that, a few years ago, I individually made a sizable loan to a friend. Since there is no chance I will be repaid, can I report a tax deduction for the amount I ...
Russia Says Debt Payments Abroad Hinge on Unfreezing of Reserves
(Bloomberg) — Most Read from Bloomberg Russia is prepared to pay its foreign creditors on condition that a freeze on much of its $643 billion cash pile is lifted, according to Finance Minister A...
Pimco faces potential losses over exposure to more than $1 billion in Russian debt
PIMCO headquarters in Newport Beach, California Scott Mlyn | CNBC Pimco’s billion-dollar exposure to Russian debt came under pressure as the country, which invaded its neighbor Ukraine causing i...
Pimco Amassed Billions of Exposure to Russia Debt Facing Default
(Bloomberg) — Pacific Investment Management Co. built up billions of exposure to Russian debt, opening up its funds to losses as markets price in a default by the sovereign. Most Read from Bloom...
U.K. High Court Grants First Third-Party Debt Order for ICO Fraud Case
Two plaintiffs were granted three key injunctions against a fraudulent Scottish entity misusing funds contributed as part of an initial coin offering (ICO). The U.K. High Court has granted the first t...
How the Federal Reserve could cut its near $9 trillion balance sheet as it fights inflation
Slimming down might be the trickiest part after two years of the pandemic. As the Federal Reserve looks to shrink its near $9 trillion balance sheet to help cool U.S. inflation pegged at a 40-year hig...
A death cross for the S&P 500 is nearing as inflation fears, Russia’s Ukraine offensive rattles stock-market investors
The S&P 500 index is closing in on a death cross, an ominous chart pattern that underscores the downtrend suffered in an asset. A death cross appears when the 50-day moving average crosses below t...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...