House Speaker Kevin McCarthy of Calif., speaks with members of the press before attending a House … [+] Republican Steering Committee meeting on Capitol Hill in Washington, Wednesday, Jan. 11, 2...
Tag: Debt
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
A mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited U.S. inflation reading which could well help determine the size of the Federal ...
Biden has a Plan B for student debt relief. Here’s how it works.
The Biden administration is pushing forward with another approach to tackling the student debt crisis while its main initiative, a plan to forgive up to $20,000 in student loans per borrower, remains ...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
Treasury yields plunge on raft of U.S. data, handing 30-year rate biggest weekly decline since March 2020
Treasury yields plummeted on Friday after U.S. economic data pointed to signs of slowing wage growth and broadening weakness in the economy, sending the policy-sensitive 2-year rate into its biggest o...
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact on financial markets. In a note released...
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Treasury yields plummet after signs of broadening weakness in economy
Friday’s raft of U.S. economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new ye...
Report: Crypto Firm DCG Is Contending with Tons of Debt
DCG (Digital Currency Group) – the crypto company that owns Grayscale – is allegedly $2 billion in debt, giving traders and crypto analysts a lot to be anxious about. DCG Is Allegedly Dealing with Ton...
Fed to stock market: Big rallies will only prolong painful inflation fight
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy meeting released Wednesday afternoon was taken by analysts and e...
Bitcoin Miner Stronghold Moves To Erase $18M in Debt as CEO’s Shares Plummet
Stronghold Digital Mining is looking to free up its cash flows on the heels of its chief executive buying about $1 million of stock that has since sunk by about 75%. The bitcoins the company min...
Stronghold Digital Mining Swaps Debt for Preferred Stock
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Here are some strategies that can help you dig out of holiday debt
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 a...
Opinion: It’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment.
The once-obscure Treasury investment soared in popularity last year because of its enticing inflation-adjusted rate, which peaked at 9.62%. That leapfrogged bank deposit accounts and completely trounc...
Stronghold Digital to Reduce Principal Debt by $18 Million
Stronghold Digital Mining disclosed its intent to extinguish $17.9 million of principal debt by converting Notes to equity. According to an SEC filing, Stronghold will extinguish amended notes worth $...
Stronghold Digital to restructure $18M debt with convertible preferred shares
Stronghold Digital Mining announced on Jan. 3 that it has reached an agreement with its noteholders to restructure $17.9 million of outstanding debt. Notes are like an IOU from a borrower to a lender ...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
Evergrande’s Billionaire Founder Begins New Year With Another Pledge To Pay Down Debt
Evergrande founder Hui Ka Yan has started the new year with a new pledge. South China Morning Post via Getty Images Hui Ka Yan, the embattled founder of real estate developer China Evergrande Group, s...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
AMC Stock Price Prediction 2023: Debt Reduction Plan Shattered AMC Dipped till 52-Year Low!
AMC stock price has been slipping continuously as sellers are on full throttle to create the shortage of AMC shares. AMC share price gained support from $3.75 and is finally trying to recover over the...
Why the consumer is ‘critical’ for investors to watch in 2023 as bear market ‘not yet complete’
The fate of the U.S. consumer is weighing on the outlook for markets in 2023. “The issue is that consumers are actually spending at a pace that is faster than their income growth, and have been for t...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...