debt

'Zombie' Firms Swell in Ranks, Survival Uncertain

These businesses, known as "zombies," are so deeply indebted that they can barely make ends meet, pay back the interest on their loans, and frequently only one bad business decision away from going out of business forever.

U.S. Job Market Hits a High Note: Economists Celebrate a 'Sweet Spot'

In an era where the pulse of the economy is closely monitored, the latest reports from the Bureau of Labor Statistics have given us something to sing about. With a whopping 303,000 jobs added in March-the most significant gain in over a year-and the unemployment rate dipping to 3.8%, it's clear that the U.S. job market is not just rebounding; it's thriving.

Biden's New Move: Up to $20,000 in Student Loan Interest Wiped Clean

The announcement of a new plan aiming to erase up to $20,000 in interest for countless borrowers has set the stage for what could be a significant shift in the financial futures of many. This move, part of Biden's broader strategy to tackle the student debt crisis, promises to "cancel runaway interest" on loans, potentially benefiting up to 25 million individuals.

Rising Debt Levels Lead to More Loan Rejections

In the last two years, half of Americans who asked for loans had their applications denied, citing a recent poll by personal finance website Bankrate.com.

Why Right Now is a Bad Time to Spend Money

The U.S. economy has shown incredible resilience in the past, rebounding strongly from the depths of the pandemic recession. And who knows, maybe this period of economic uncertainty will give you the push you need to finally start that side hustle or small business you've been dreaming about.

Escape the Debt Trap: Proven Strategies to Get Out of Debt Fast!

I was once in your shoes, drowning in a sea of college loans and credit card debt. But I got out, here's how.

Debt-Free Holidays: Steps to Slash Your Credit Card Burden Before Shopping Sprees

Before the holidays, when money is most required, many people find themselves in a financial rut due to the present credit card interest rates, which are often about 20 percent.

Student Loan: Do You Think You Owe $1.6 trillion Debt? Here is How to Know If You Are

Student Loan: Do You Think You Owe $1.6 Trillion Debt? Here's How to Know

The updated student loan debt statistics claim that 45 million borrowers owe more than $1.6 trillion in debt. Here is what to know about it.

Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

What does Fed rate hike mean to auto loans, mortgages & credit cards?

The US Federal Reserve is expected to make a decision on the interest rate on Wednesday. Most probably, the Fed will opt for a rate hike. If it raises the interest rate, then it will impact all types of borrowing costs for consumers.

Tesco disposed off South Korean unit to pay its debts

Tesco's debt-laden balance sheet already piled up and Tesco CEO has to do something about it. This forced him to sell the South Korean unit to MBK Partners Ltd to ease the burden of the grocer retailer and focus more on the home store.

When Is the Right Time to Transfer Balances to a New Credit Card?

More and more people are enjoying purchases using their credit cards and not all aware of the consequences especially if they skipped payment. Likewise when they turn to a new credit card issuer and transfer their balance.

Latest Stories

How Copper Fuels Infrastructure Development from Power Grids to Telecom

Copper's use in global infrastructure development is becoming increasingly critical, especially as emerging markets expand and industrialize. The metal, valued for its electrical conductivity, is now indispensable in energy grids, transportation networks, and telecommunications. As nations worldwide focus on upgrading infrastructure to meet the demands of modern economies and climate targets, copper demand is set to rise continually year over year.

A Busy October for H.I.G. Capital: Multi-Sector Investments Reflecting Market Agility

As global markets continue to present both challenges and opportunities, H.I.G. Capital, the Miami-based alternative investment powerhouse, has launched a series of strategic moves that underscore its agility and foresight. With $65 billion of capital under management, H.I.G. has long been known for its diverse investment approach. However, the firm's activities in October 2024 paint a picture of a company not just participating in market trends but actively shaping them.

The Surge in Copper Prices: Predictions and Market Reactions

The global copper market has been experiencing a significant surge in prices, driven by supply constraints and increasing demand. This trend has caught the attention of investors, industry analysts, and policymakers alike, as copper is needed in various sectors, particularly in the growing fields of renewable energy and electric vehicles. Here are some of the key factors behind the price surge, market reactions, and future predictions for copper prices.

Beyond Wealth: Giving Compass for Business Simplifies Philanthropy for Financial Advisors

Giving Compass for Business, one of these innovations is gaining popularity since it provides a fresh method for incorporating generosity into wealth management.

Belgian Billionaire Shukhrat Ibragimov Puts Private Jet on Market for $46m

Shukhrat Ibragimov, the chairman of mining giant Eurasian Resources Group (ERG), has put his Dassault Falcon 8X up for sale for $46 million.

Must Read

IC Funded: Revolutionizing Prop Trading for Retail Traders

IC Markets has recently launched its proprietary trading platform, IC Funded, and it's already creating a buzz in the trading community. What started as a soft launch has now captured the attention of traders worldwide, highlighting a significant shift in how retail traders can access capital and participate in the markets.

Protecting Your Practice: The Importance of Professional Liability Insurance for Professionals

In today's complex and litigious business environment, professionals across various industries face numerous risks that could jeopardise their practice. From legal claims and client disputes to regulatory investigations, the potential threats are vast.

As Copper M&A Wars Escalate, Solaris Resources' Warintza Project Stands Out

The mining industry has been busy with mergers and acquisitions (M&A) activity in recent years, and 2024 has been one of the busiest. Major mining companies are all vying for a piece of the action in the promising copper sector. As the global push towards electrification and clean energy intensifies, the demand for copper—a critical component in electric vehicles, renewable energy systems, and infrastructure—is expected to soar. This has sparked even more interest from mining giants looking to secure their position for production.

Amin Makhlouf: Redefining Real Estate Transactions with Digital Innovation

In an industry often rooted in tradition, Amin Makhlouf brings a fresh perspective, combining youthful energy with groundbreaking ideas in real estate. As the founder of Makyee, he's transforming the way properties are bought and sold in Dubai, aiming to make these processes more accessible, efficient, and transparent.

Is Mr. Black Being Silenced by X in His Mission to Bring About the Messianic Age?

The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might be facing censorship on the social media platform X, formerly known as Twitter.

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