Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about a third of the entire pension fund crisis of the entire coun...
Tag: Debt
Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
U.S. Government To Hit Debt Ceiling On Thursday
(Photo by Ina Fassbender / AFP) (Photo by INA FASSBENDER/AFP via Getty Images) AFP via Getty Images Key Takeaways The US government is expected to hit the debt ceiling next Thursday, meaning that Cong...
US debt limit, Netflix, Goldman earnings and Davos top week ahead
This week will be a busy one for investors with major earnings reports from some of the world’s largest banks on tap, this as major world leaders and CEOs gather in Davos for the World Economic ...
Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates – Economics Bitcoin News
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes th...
To pick 2023’s winners, look to 2022’s losers
A good place to look for stocks that may be market beaters this year is a list of stocks that lost the most last year. That’s because such stocks typically bounce back in a big way. But it will take c...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
– Advertisement – The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an intern...
Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expe...
We Have a Too-Much-Federal-Revenue Problem, Not a Looming ‘Debt Crisis’
“American public debt is at economically damaging levels and growing at an unsustainable rate. Congress should stabilize federal debt to reduce the possibility of a fiscal crisis.” Those are the words...
These money and investing tips give you tools for the stock market’s ‘January Defect’
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 These top athletes are investi...
US debt ceiling will require Treasury ‘extraordinary measures’ to avoid default
Treasury Secretary Janet Yellen disclosed the debt bomb on Friday noting the government will reach that ceiling next week on Jan. 19 when the debt balloons to $31.38 trillion. “Once the limit is...
Yellen Says U.S. Expected to Hit Debt Limit Next Thursday
Treasury Secretary Janet Yellen told U.S. lawmakers the federal government was projected to reach its debt limit next Thursday, marking a starting point for what is likely to be a long and tense battl...
As Debt Ceiling Countdown Begins, Should Markets Be Concerned?
Treasury Secretary Janet Yellen speaks at the Treasury Department in Washington, Jan. 10, 2023. The … [+] federal government is on track to max out on its $31.4 trillion borrowing authority as s...
Inflation has fallen. Is it time to buy inflation protected bonds?
Good news, especially for retirees: Inflation has fallen. The official rate has just tumbled to 6.5% — down from 9.1% last June. And while 6.5% is still a hefty hike in prices, that’s just the annual ...
U.S. Debt Default ‘Likely’ in Second Half of 2023: Bank of America
Many investors are concerned that with the far-right wing of the Republican Party holding sway in the House of Representatives, a debt default is coming. If the view of Ralph Axel, rates strategist at...
The Stock Market Is on a Tear. Don’t Ignore the Debt Ceiling.
It’s always fun until the bill comes due—and the bill always comes due. In fact, it’s coming due right about now. On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its...
Opinion: Opinion: The debt ceiling is a farce, not a crisis
AUSTIN, Texas (Project Syndicate)—In his bid to become speaker of the U.S. House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Republican Congressman Ralph Norman of Sout...
U.S. Could Run Out Of Cash By Early June If Debt Limit Isn’t Raised, Yellen Warns
Topline The U.S. Treasury stands to run out of cash as soon as early June if the debt limit isn’t lifted in the coming months, Treasury Secretary Janet Yellen warned Friday as she urged lawmaker...
DCG considers selling assets to pay $3b Genesis debt
Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt. DCG explores selling VC as...
Genesis: the billionaire debt of the crypto broker
Genesis, the crypto broker of Digital Currency Group (DCG), has a debt of more than $3 billion. Its owner is considering selling venture assets to raise funds and resolve the issue. Genesis and the n...
S&P downgrades Coinbase debt to speculative
The most recent wave of layoffs at Coinbase has led to a dramatic drop in investor confidence in the company’s ability to pay its debts. The credit rating agency cited decreased trading volumes at Coi...
Digital Currency Group May Offload Assets to Pay $3 Billion Debt
As the crypto market continues to evolve and mature, one of the industry’s major players, Digital Currency Group (DCG), is facing a significant financial crisis. According to sources familiar with the...
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan. 12, citing sources familiar with the matter. The lender owes $900 million to users of Gemini...
With Genesis Over $3,000,000,000 in Debt, Digital Currency Group Weighs Selling Venture Portfolio Assets: Report
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times...
Bitcoin: U.S. Inflation, debt crisis, and more might threaten BTC’s 2023
Bitcoin is in the accumulation zone according to the BTC pricing model. Demand for BTC experiences a recovery as hopes for a recovery bloom. Bitcoin [BTC] investors are going through renewed hope for ...
Crypto-Skeptics Turn to Gold as “Mother of All Debt Bombs” Looms
Turkish-American economist Nouriel Roubini and Bitcoin critic Peter Schiff believe that a weaker dollar will allow gold to thrive in 2023, as central banks are backed into a corner through high global...
Crypto Banks Are Most In Debt To Themselves
Join Our Telegram channel to stay up to date on breaking news coverage The collapse of several crypto firms in the last year because of the plummeting digital asset prices has posed a challenge to the...
Bitvavo Rejects DCG’s 70% Debt Repayment Offer
The cryptocurrency exchange Bitvavo, which is a significant creditor of the financially challenged cryptocurrency startup Digital Currency Group (DCG), has rejected DCG’s proposal of partial deb...
Dutch Crypto Exchange Refuses DCG’s Offer to Pay 70% of its Debt
Dutch crypto exchange Bitvavo claimed to have received an offer from Digital Currency Group (DCG) on January 9th to repay 70% of its debt within an acceptable period. However, the company refused the ...
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment. Bitvavo officially announced on J...
Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman
Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix ...
10 simple investments that can turn your portfolio into an income dynamo
Many people are good at saving up money for retirement. They manage expenses and build up their nest eggs steadily. But when it comes time to begin drawing income from an investment portfolio, they mi...