The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
Category: Credit and Debt
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Student Loan Case Could Reshape Presidential Politics
President Biden has tried to bypass gridlock in Congress by using executive power. The Supreme Court is skeptical, and could curb that authority.
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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.
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Why a Strong Economy Is Making Stock Investors Jittery
After stocks jumped more than 6 percent in January, the tone shifted markedly this week as a steady flow of data showed the economy continued to run hot.
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A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
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How Young Couples Talk About Money in Relationships
In an age when making Venmo payment requests is easy, many young couples find that discussing their finances can be hard.
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Bed Bath & Beyond’s Stock Offering Is Backed by Hudson Bay Capital
Hudson Bay Capital has essentially agreed to make sure the troubled retailer will sell roughly $1 billion in shares as it tries to avoid bankruptcy.
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After a Burst of New Businesses, a Cooling Economy Intrudes
The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
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JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
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Rising Interest Rates Lift Profits at Bank of America and Wells Fargo
Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.
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Stranded by Southwest and Stuck With Unexpected Costs
The airline’s customers incurred thousands in expenses as they scrambled to find alternate ways to get home.
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Low-Down-Payment Mortgages: Your 2023 Guide
Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.