Debt

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'
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
Trump's High-Inflation Regime Will Weaken The Dollar And Push Bitcoin To $1M, Says Arthur Hayes: 'Get Long And Stay Long'
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
Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan
Companies Run To Bond Markets After Last Week's Fed Rate Cut

Debt Recent News

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.
Homebuilder Shares Hang In Balance As Credit-Stretched Consumers Await Rate Cuts
Hopes for strength in the housing market in 2024 are hinged on Fed rate cuts.
Companies Dive Into $150B Debt Spree Before Expected Fed Rate Cuts, Marking Fastest Start In 30 Years
The bond market is experiencing a flurry of activity as investors rush to secure higher-yielding paper before the expected interest rate cuts by the U.S. Federal Reserve. This anticipated move by the Fed is prompting companies to take advantage of the current lower borrowing costs, resulting in a surge of new bond issuance in 2024.
$34 Trillion National Debt Poses 'Boiling Frog' Threat To US Economy, JPMorgan Warns
JPMorgan raises alarm over the soaring $34 trillion U.S. national debt, likening it to a 'boiling frog' scenario. The bank emphasizes the potential for an unmanageable financial crisis if immediate action is not taken.
US Consumer Debt Moves Toward Pre-COVID Levels: Economist Shares Top Takeaways
Economist Jared Bernstein has recently discussed the state of consumer debt in the U.S., shedding light on its gradual return to pre-pandemic levels.
JP Morgan's Kolanovic Prefers Cash Over Stocks In 2024, Cites Improbability Of Swift Rate Cuts By Federal Reserve

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