Category: Credit and Debt

Low-Down-Payment Mortgages: Your 2023 Guide

The New York Times – Business:
Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.
The Downsides of Using ‘Buy Now, Pay Later’

The New York Times – Business:
Shoppers can quickly get approved for the services, but regulators are concerned that the loans lack important protections.
Hardship 401(k) Withdrawals, Explained

The New York Times – Business:
Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
Defaults Loom as Poor Countries Face an Economic Storm

The New York Times – Business:
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
Sam Bankman-Fried Interview: Read the Transcript

The New York Times – Business:
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
How to Manage Credit Card Debt When Holiday Shopping

The New York Times – Business:
Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.
A Holiday Season Divided by Inflation and Economic Struggles

The New York Times – Business:
Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
Are the Federal Reserve’s Rate Increases Working?

The New York Times – Business:
The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
As the Fed Raises Rates, Worries Grow About Corporate Bonds

The New York Times – Business:
Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.
U.S. Mortgage Rates Soar Past 7%

The New York Times – Business:
The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.
European Central Bank Is Set to Raise Interest Rates Again

The New York Times – Business:
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
After a Storm, Britain’s Economy Finds Itself Rudderless

The New York Times – Business:
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.