The average credit card debt per borrower has increased by 8.5% year over year to $6,218, TransUnion finds. With consumers under pressure, it can be difficult to find wiggle room in budgets to pay down credit card debt. Discover Personal Loans Vice President Dan Nickele joins Wealth! to give insight into current levels of credit […]
Tag: debt
China Sells Record Sum of US Debt Amid Signs of Diversification
(Bloomberg) — China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist. Most Read from Bloomberg Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, based on […]
AMC Seizes on Meme Stock Moves to Cut $164 Milllion of Debt
(Bloomberg) — AMC Entertainment Holdings is taking advantage of its meme stock rally to reduce its debt, revisiting a playbook that helped it shore up liquidity in 2021. Most Read from Bloomberg The movie theater chain said in a regulatory filing that it reached a private deal to swap about $164 million of its 10% […]
Russia’s War on Ukraine Is Hitting Debt Costs for EU’s East
(Bloomberg) — Russia’s invasion of Ukraine has hit sovereign borrowing costs for the EU’s 10 eastern members, raising the cost by around half a percentage point since the war began, according to an analysis by the European Bank for Reconstruction and Development. Most Read from Bloomberg “You see the impact of the war on central […]
Bank forecloses on The Greene for nearly $113 million in unpaid debt
A bank has filed foreclosure for a popular mall in Greene County and claims it owes millions of dollars in loans. News Center 7′s John Bedell dives deeper into the foreclosure filing for The Greene TONIGHT on News Center 7 at 6:00. >> Son accused of killing father during argument over ride facing murder charges […]
11 Best Dividend Paying Debt Free Stocks to Buy
In this article, we discuss 11 best dividend-paying debt free stocks to buy. You can skip our detailed analysis of dividend stocks and their previous performance, and go directly to read 5 Best Dividend Paying Debt Free Stocks to Buy. Debt financing isn’t always a bad thing; its impact largely depends on how companies leverage […]
A $600 billion wall of debt looms over market’s riskiest stocks
(Bloomberg) — US small-cap stocks are as cheap as they’ve been in decades, but with a more than half-trillion dollar mountain of debt looming over the next five years, it’s going to take a significant risk-on signal from the Federal Reserve to entice investors. Most Read from Bloomberg Firms in the small-capitalization Russell 2000 Index […]
America’s debt tops $34 trillion, but a commission to address it appears dead in Congress
WASHINGTON (AP) — For Mike Johnson it was effectively a Day 1 priority. It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his […]
Oak Hill Leads Private Debt Deal for Vista’s Model N Buyout
(Bloomberg) — A group of private credit lenders led by Oak Hill Advisors is in discussions to provide about $1 billion of debt to support Vista Equity Partners’ acquisition of Model N, according to people with knowledge of the matter, who asked not to be identified because the details are private. Most Read from Bloomberg […]
Maduro’s lawmaker son says Venezuela open to paying $10 billion debt to China
By Deisy Buitrago CARACAS (Reuters) -Venezuela is open to paying its $10 billion debt to China, lawmaker Nicolas Maduro Guerra, son of President Nicolas Maduro, told Reuters in an interview on Thursday. Venezuela’s relationship with China is “foolproof and weatherproof,” Maduro Guerra said, adding that Chinese companies are open to investing in the South American […]
Bernie Sanders and Ro Khanna reveal bill to ‘cancel all medical debt’
Two prominent progressive lawmakers, the Vermont senator Bernie Sanders and California congressman Ro Khanna, revealed on Wednesday a new bill aimed at eliminating medical debt. The bill, introduced with Oregon senator Jeff Merkley and Michigan congresswoman Rashida Tlaib, would create a federal grant program to cancel all existing patient debt and amend the Fair Debt […]
‘Phantom debt’ from ‘buy now, pay later’ schemes is a $700 billion black hole that economists aren’t accounting for
Wall Street is generally convinced the economic health of the U.S. consumer is remarkably better than expected after COVID, but one analyst has pointed out there’s a gaping hole in the picture. He calls it “phantom debt”—spending on “buy now, pay later” (BNPL) platforms, which often goes unrecorded by credit agencies. Big bank CEOs have […]