The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets.
Category: Credit and Debt
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The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929?
A group of financiers is trying to convince the public to invest heavily in private equity and crypto — a risky gambit with some real 1920s vibes.
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Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
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How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ built a delirious new culture of consumption — and trapped users in a vortex of debt.
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Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
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Some Workers Are Turning to Pay-Advance Apps for Basic Expenses
Rising use “is not a signal of satisfaction,” an author of a new report says. Rather, heavy users of the apps are under “financial strain.”
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What Travelers Need to Know about Delaying Vacation Payments with B.N.P.L.
The pros and cons of buying travel on a layaway plan.
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Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
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Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
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Those Missed Student Loan Payments Are Messing Up Your Credit Score
A new report finds that scores dropped the most for those age 18 to 29. Here’s how to deal with a drop in your score.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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The Long-Term Unemployed Today? College Grads.
For years, only a small portion of the people experiencing long spells of joblessness were college graduates. That’s starting to change.