February 12, 2024
“Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. The latest report, released Tuesday, found the total credit card balances stood at $1.13 trillion… Continue Reading…
January 4, 2024
“The U.S. national debt topped $34 trillion for the first time ever, crossing a critical milestone at a time when government spending is already under scrutiny… Even more worrisome is that the spike in interest rates over the past year… Continue Reading…
January 4, 2024
“Billions of dollars in loans on office buildings that are about to come due could play havoc with the US economy after interest rates soared. About $117 billion worth is expected to be due this year and needs to be repaid or… Continue Reading…
December 6, 2023
“For some shoppers, the upcoming holiday season may lead to piling on more debt. About 25% of Americans are still paying off holiday debt from 2022, according to WalletHub’s November holiday shopping survey… As of November, the average credit card interest rate… Continue Reading…
December 6, 2023
“…“If interest rates basically stay at their current levels, interest will be the second-largest government program in two years,” said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget. “Only Social Security will be larger.” Voters… Continue Reading…
October 27, 2023
“BlackRock Inc. predicts that the global private debt market will roughly double to $3.5 trillion by 2028, one of the most bullish calls to date on the growth of the industry… BlackRock said it expects private debt to grow at… Continue Reading…
October 17, 2023
“Country Garden’s entire offshore debt will be deemed to be in default if China’s largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period… With nearly $11 billion of… Continue Reading…
October 10, 2023
“Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all of its offshore repayments, including those issued in U.S. dollar notes. The company failed to make a debt repayment of 470 million Hong Kong… Continue Reading…
September 25, 2023
“Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today. Shares of other major Chinese property stocks in Hong Kong… Continue Reading…
August 7, 2023
“China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China’s economy, with… Continue Reading…
Recent Comments