The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects.
Category: Credit and Debt
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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.
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What Higher Interest 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.
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How Regional Banks Got Healthy Again
The crisis set off by Silicon Valley Bank’s collapse has waned. Its peers have more capital and deeper customer ties.
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As Student Loans Come Due Again, Many Borrowers Lose a Lifeline
The payment pause freed up money that gave people breathing room — or allowed them to help family members in need. They will soon have to budget for that expense.
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Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
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Bank of America Reports Big Jump in Profit on Higher Interest Rates
One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.
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Trauma financiero: qué es y cómo lidiar con él
Las penurias económicas o los gastos médicos pueden distorsionar los sentimientos y comportamientos de las personas en torno al dinero y causar que saboteen su futuro económico.