The Federal Reserve is widely expected to leave its benchmark rate untouched, but a December hike could make holiday borrowing more costly.
Category: Credit and Debt
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How the Fed’s Interest Rate Decision Affects Credit Cards, Loans and More
The New York Times – Business: -
France’s Avoids a Debt Downgrade From Moody’s, but Is Given a Warning
The New York Times – Business:Moody’s held the country’s credit rating steady amid political uncertainty and a rise in borrowing costs that have worsened France’s debt situation.
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Americans Are Struggling to Pay Rising Medical Costs
The New York Times – Business:Much of the debt stems from hospital bills, researchers say. Even people with insurance are falling behind. But there are ways to get help.
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Employers Shift Rising Health Care Costs Onto Millions of Workers
The New York Times – Business:New surveys show that increases in premiums and deductibles are forcing people to forgo treatments or doctor’s visits while budgets are strained by higher food and gas prices.
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Anthropic’s I.P.O. Charity
The New York Times – Business:The artificial intelligence giant plans to contribute 5 percent of its stock into a philanthropic fund. But its generosity depends on the A.I. boom continuing.
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Weak Links Start to Show in A.I. Borrowing
The New York Times – Business:Debt trouble at CoreWeave, Oracle and SoftBank raises questions about whether there is broader trouble with the data center build-out.
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Weak Links Start to Show in A.I. Borrowing
The New York Times – Business:Debt trouble at CoreWeave, Oracle and SoftBank raises questions about whether there is broader trouble with the data center build-out.
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When Will the Fed Move on Rates?
The New York Times – Business:Kevin Warsh, the central bank’s chairman, suggested he wouldn’t push to raise borrowing rates this month. But persistent inflation may force the Fed’s hand.
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Mortgage Rates Hover at 7.4%, Highest Since 2023
The New York Times – Business:The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
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The Fallout From the ‘Neocloud’ Wipeout
The New York Times – Business:Investors are newly worried about the health of artificial intelligence infrastructure companies like CoreWeave. That’s weighing on the wider A.I. industry.
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The Forces Driving Up Bond Yields Take a Troubling Turn
The New York Times – Business:Some analysts say investors are demanding a higher “term premium” to buy government debt, reflecting growing worries about debt levels and deficits.
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France Is Veering Toward a Potential Debt Crisis, a Warning to the World
The New York Times – Business:French bond investors are demanding sharply higher interest rates, a cautionary development for other high-debt countries.