debt
-
Business
Bentley blames slumping sales on ’emotional sensitivity’
Bentley’s boss blamed the British luxury carmaker’s slumping sales on “a level of emotional sensitivity” among its wealthy customers —…
Read More » -
Opinion
Will student-debt racketeering save Biden in November?
President Biden announced Tuesday he will personally cancel $1.2 billion in federal student debt for 153,000 borrowers. The Supreme Court…
Read More » -
Life Style
My best friend’s boyfriend hid $55K in credit card debt
DEAR ABBY: My very dear friend has discovered that her live-in boyfriend of two years has been hiding $55,000 in…
Read More » -
Business
JPMorgan Chase CEO Jamie Dimon warns US economy heading towards ‘the cliff’ predicts debt ‘rebellion’
JPMorgan Chase chairman and CEO Jamie Dimon says the U.S. is speeding toward a cliff as the nation’s runaway debt…
Read More » -
Business
NYC building sales slump despite plummeting prices because of crippling regulations, high interest rates
The value of city buildings is sinking under the weight of high interest rates, crippling regulations and large vacancies caused…
Read More » -
Business
Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023
Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures…
Read More » -
Business
Credit card delinquency soars above pre-pandemic level amid high interest rates, inflation
Credit card delinquencies surpassed pre-pandemic levels — and are approaching heights not seen in more than a decade — as…
Read More » -
Business
High US fiscal deficits expected ahead of 2024 elections: Fitch
Credit rating agency Fitch said Wednesday it expects US fiscal deficits to remain high this year, and that fiscal policy and governance implications of the…
Read More » -
Business
Nearly 9 million student loan borrowers defaulting on payments
Nearly 9 million student loan borrowers haven’t been paying their bills since payments resumed in October — despite President Joe…
Read More » -
Business
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling $300B in debts
A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more…
Read More »