Category: Credit and Debt

China Evergrande May Finally Meet Its End in Hong Kong Court

A Hong Kong judge could set in motion the liquidation of the property developer, which was once considered one of China’s most successful companies.
Corporate America Has Dodged the Damage of High Rates. For Now.

Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Moody’s Changes U.S. Credit Outlook to ‘Negative’

Moody’s reaffirmed America’s credit rating at the highest AAA level but expressed concern about the nation’s fiscal trajectory amid congressional dysfunction.
Fed Chair Recalls Inflation ‘Head Fakes,’ Pledges to Do More if Needed

Jerome H. Powell, the Federal Reserve chair, said officials will proceed carefully. But if more policy action is needed, he pledged to take it.
Mint, One of the First Budgeting Apps, Is Shutting Down

Intuit, which acquired Mint in 2009, is encouraging users to switch to Credit Karma, its money management and credit score service.
Are Higher Rates Slowing the Economy? A Zoo Offers Clues.

Economists are surprised by how strong the economy remains with rates at a 22-year high. But there are some signs of slowing, if you know where to look.
Fed Holds Interest Rates Steady and Pledges to Proceed Carefully

The Federal Reserve left interest rates at 5.25 to 5.5 percent, but its chair, Jerome Powell, said policymakers could still raise rates again.
What Fed Rates Mean for Mortgages, Credit Cards and More

Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
Why Wall Street Is So Worried About ‘Refunding’

A routine announcement by the Treasury Department about its borrowing plans has attracted more attention than usual because of the rapid rise in interest rates.
How High Interest Rates Sting Bakers, Farmers and Consumers

Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.
Country Garden Says Executives Have Not Fled China

The company, one of China’s biggest property developers, took the unusual step of stating that the company’s founder and its chairwoman were “working normally.”
American Household Wealth Jumped in the Pandemic

Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.