Debt

Debt Alarm Bells Ring In Washington As Moody's, Ray Dalio Call For Urgent Fiscal Discipline

US Dollar Weakness A 'Symptom Not Cause,' Argues Expert As Economist Hails Devaluation To 'Restore Global Growth'

Michael Saylor's MicroStrategy Faces Risk If MSTR's 0% Convertible Bond Lenders Recall Non-Recourse Loans Due To Covenant Breach: Here's What It Means For Investors

US Dollar Weakness A 'Symptom Not Cause,' Argues Expert As Economist Hails Devaluation To 'Restore Global Growth'

Michael Saylor's MicroStrategy Faces Risk If MSTR's 0% Convertible Bond Lenders Recall Non-Recourse Loans Due To Covenant Breach: Here's What It Means For Investors

Peter Schiff Counters Bitcoin's Safe Haven Narrative Amid Forecast Of Impending Fiat Train Wreck: 'There Is No Riskier Asset'

Jim Cramer Says Bitcoin And Ethereum 'Deserve A Spot In Your Portfolio' As Hedge Against Rising US Debt: 'I've Liked Crypto For A Very Long Time'

Peter Schiff Counters Bitcoin's Safe Haven Narrative Amid Forecast Of Impending Fiat Train Wreck: 'There Is No Riskier Asset'

Jim Cramer Says Bitcoin And Ethereum 'Deserve A Spot In Your Portfolio' As Hedge Against Rising US Debt: 'I've Liked Crypto For A Very Long Time'

Credit Card Delinquencies Tick Up At Discover, Capital One: Total Household Debt Hovers Just Below $18 Trillion

Trump's High-Inflation Regime Will Weaken The Dollar And Push Bitcoin To $1M, Says Arthur Hayes: 'Get Long And Stay Long'

Debt Recent News

Mark Cuban Says, 'If You Use A Credit Card, You Don't Want To Be Rich' — Why Financial Icons Warren Buffett And Dave Ramsey Agree

Billionaire Mark Cuban, alongside financial icons like Dave Ramsey and Warren Buffett, warns that high-interest credit card debt is a major barrier to wealth-building, advising people to pay off such debt as a priority investment.

Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan

TerrAscend completes final $26M draw of $140M debt financing, reducing high-interest Michigan debt and positioning for expansion.

Companies Run To Bond Markets After Last Week's Fed Rate Cut

Wayfair Inc. is offering $700 million in notes to repay debt, following Fed rate cut. Other companies also seeking loans, impacting bond market.

Bitcoin's Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against 'Possible Future Events' Affecting The Dollar

In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc.

Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: 'The Dollar Is Trash'

Robert Kiyosaki, renowned financial educator and the author of the best-selling book "Rich Dad, Poor Dad," recently expressed his concerns over the escalating U.S. debt.

Economics Weekly Round-Up: Trump's Tariffs, Inflation Woes, And The US Debt Crisis

The past weekend saw significant political and economic discussions, including debates over unemployment between Kamala Harris and Donald Trump, criticisms of President Biden's handling of inflation, and concerns about the potential consequences of Trump's proposed tariffs and the rising national debt.

'True' US Debt Is $175 Trillion: Former Coinbase CTO On 'Unpayable' Crisis

Debt levels worry Balaji Srinivasan. The former CTO of Coinbase offered several data points that underline the severity of the current load.

Mt. Gox Begins Long-Awaited Bitcoin Payouts: What It Means For Crypto Market

Bitcoin prices recently saw a near 6% dip as Mt. Gox began issuing long-overdue payments to its creditors, marking a crucial moment in resolving one of the most infamous events in cryptocurrency history.

Credit Card Debt Rises As Consumers Face Higher Costs Of Living

U.S. consumers are increasing credit card spending, with outstanding balances rising $11.3 billion in May to $5.07 trillion, driven by pandemic savings and higher costs of living.

Michael Jackson Faced Over $500 Million Worth Of Debt At Time Of Death, Filings Show

Recent court filings reveal that the estate of pop legend Michael Jackson was in debt to the tune of over $500 million at the time of his death in 2009.

Is Donald Trump's Gamble On Tax Cut Renewal Risking An Economic Disaster? The Numbers Seem To Suggest So.

Trump's pitch for new tax cuts aims to woo Wall Street, but concerns about the $4.6 trillion price tag and past failures fuel fiscal debate and predictions of economic strain.

Rising Prices Prompt Americans To Resort To Installment Plans, Pay-Day Loans To Keep Kitchens Stocked

The cost of groceries in the U.S. has reached such heights that many Americans are resorting to debt to keep their kitchens stocked. This trend is causing financial instability for many households.

Redditors Predict Economic Doom, Brace For US Collapse: 'Only Time Will Tell How Bad It Will Truly Get'

Reddit users are increasingly predicting an economic collapse in the U.S., with some even preparing for a scenario similar to the Soviet Union’s demise after the Cold War. The growing concern is being fueled by factors such as inflation, debt, and job market instability.

This Millennial Paid Off $20K Credit Card Debt And Vowed To Never Look Back: 'I Just Feel Relieved

Shonnita Leslie, a 40-year-old millennial, shared her journey of paying off a substantial credit card debt and then deciding to cut up her cards, a decision she has stuck to for six years.

California Cannabis Industry Is Drowning In Debt: $732M Owed In Taxes, 72% By Companies Already Closed Down

Cannabis companies in California are facing a massive debt issue. The bulk of this debt, is owed by businesses that have already shut down.

China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M

The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills.

'Serious Debate' Needed To Avert 2025 US Debt Crisis, Warns Wharton Expert

Wharton professor Joao Gomes has expressed concern over the rapid growth of U.S. debt. He predicts that the U.S. could face a debt crisis by 2025 if Congress does not take immediate action.

Ticking Time Bomb: Over 85% Of Americans Fear National Debt Crisis Impact On Their Future

Over 85% of Americans are deeply concerned about the grave impact the burgeoning national debt may have on their future.

Analysts Upbeat On Blue Bonds: Anticipate Market Surge To Reshape Sustainable Finance Sector

Matt Lawton, a portfolio manager at T Rowe Price, likened the current state of the blue bond market to that of the green bond market a decade or so ago. He said, "I would liken the blue bond market today to where the green bond market was 10 to 15 years ago."

Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched

Janet Yellen says the U.S. financial system is overall sound and well-capitalized.

Mortgage, Credit Card Surge Pushes US Household Debt To Record $17.5 Trillion, Delinquencies Up

Household debt in the US reached a new record high of $17.5 trillion in 2023, with significant increases in mortgage and credit card balances. Delinquency rates are also rising, causing concerns about consumer financial stress.

Carvana Plans Turnaround With Strategic Restructuring, Stock Rebound And Debt Overhaul: Report

Carvana undergoes restructuring led by CEO Ernie Garcia III, addressing bankruptcy concerns and improving stock performance.

'Bond King' Bill Gross Warns US $34 Trillion Debt Deficit To Fuel Inflation 'Like Global Warming' Over Next Decade: 'Significant Problem'

Gross expressed concerns over the compounding impact of annual deficits nearing $1.5 trillion. He warned of the growing disparity in rates and the mounting short-term debt.

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