Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market.
Category: Credit and Debt
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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Investors Shudder at Signs of Loan Trouble in Banks
After months of roaring share prices, stock investors were rattled this week by reports of souring debts on bank balance sheets.
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First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned
The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets.
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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 New York Times – Frugal Traveler:The pros and cons of buying travel on a layaway plan.
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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.