Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
Category: Credit and Debt
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Should You Lend Money to Friends? More People Are Open to the Arrangement.
Friendship and money don’t always mix. But many Americans feel comfortable discussing financial issues with their friends and lending them money.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.
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U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.
Washington quickly brushed off a startling milestone in a mounting problem.
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Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs
As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
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U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It
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.
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GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid
Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
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.
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U.S. Nears Loan to Rescue Spirit Airlines
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.
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Debt Alarms Ring as Countries Rack Up More Emergency Spending
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.