The embattled Chinese property giant is said to have avoided default by meeting a deadline to pay interest on small loans. But it must repay billions within the next year.
Category: Credit and Debt
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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
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How Women With A.D.H.D. Manage Their Money
A diagnosis of attention deficit hyperactivity disorder in adulthood has solved a mystery for some women, helping them get control over their finances.
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Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain
Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.
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As Student Loan Payments Resume, Gen X Struggles to Save for Old Age
The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age.
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Fed Officials Avoided a Victory Lap at July Meeting
Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
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Yellow’s Promise to Repay Federal Debt Provokes Skepticism
The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.
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WeWork Has Sent a Distress Signal. Here’s What to Know.
The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects.
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Discharging Student Loans in Bankruptcy Show Mixed Results
Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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Yellow, the Freight-Trucking Company, Declares Bankruptcy
A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.
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After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.