Category: Credit and Debt

Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

The New York Times – Business:
As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It

The New York Times – Business:
The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.
GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid

The New York Times – Business:
Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise

The New York Times – Business:
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
How Elon Musk Used SpaceX to Benefit Himself and His Businesses

The New York Times – Business:
The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
How Elon Musk Used SpaceX to Benefit Himself and His Businesses

The New York Times – Business:
The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
U.S. Nears Loan to Rescue Spirit Airlines

The New York Times – Business:
The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
Debt Alarms Ring as Countries Rack Up More Emergency Spending

The New York Times – Business:
Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War

The New York Times – Business:
The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
‘Spring Clean’ Your Finances: How to Overhaul Your Spending and Savings to Stay on Track

The New York Times – Business:
When the world feels uncertain, spend the season of renewal taking charge of what you can control: your budget.
Some Borrowers Are Moving Abroad and Abandoning Their Student Loans

The New York Times – Business:
A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.
Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles

The New York Times – Business:
Investors in the struggling Wall Street lender put in record requests to get their money back.