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default
Collapse of Investment Company in China’s Jiangxi Province Leaves Thousands Struggling to Recoup Losses
The default of a private financing company in China’s Jiangxi Province has resulted in thousands of investors losing their investments. Despite more than two years of efforts to seek redress, ...
August 2, 2024
BY
Xin Ning
and
Cathy Yin-Garton
Car Loan Defaults Hit Record High as Interest Rate Hikes Bite
Auto loan defaults in the United States have hit their highest level on record, according to data from ...
October 23, 2023
BY
Tom Ozimek
Default of State-Backed Developer Sino-Ocean Signals China’s Economic Crisis: Analysts
The latest default on debt by a state-backed real estate enterprise in China signals a growing crisis in ...
August 17, 2023
BY
Mary Hong
It’s Almost Time to Resume Student Loan Payments. Not Doing so Could Cost You
NEW YORK—After three years, the pandemic-era freeze on student loan payments will end in late August. It might ...
June 14, 2023
BY
The Associated Press
How the Debt-Ceiling Issues May Soon Affect You
For months, talk about the debt-ceiling crisis has been discussed on many news broadcasts. The showdown has been ...
May 31, 2023
BY
Mike Valles
Democrats Blame ‘Extreme’ Republicans for Debt Limit Deadlock as GOP Demands Accountability
With debt limit talks running down to the wire in Washington, the finger-pointing continued May 23 on Capitol ...
May 23, 2023
BY
Samantha Flom
US Default Risk Casts Shadow Over Biden’s G-7 Trip
HIROSHIMA, Japan—President Joe Biden has asked his negotiators to coordinate a call with House Speaker Kevin McCarthy for ...
May 21, 2023
BY
Emel Akan
and
Caden Pearson
What to Do if Debt Ceiling Fight Worsens
Commentary The debt ceiling debate in Washington has been widely discussed but so far, few investors are truly ...
May 14, 2023
BY
Fan Yu
Neither Default Nor Chaos
Commentary Treasury Secretary Janet Yellen has warned again (and again and then again) about the dire approach to ...
May 12, 2023
BY
Milton Ezrati
Yellen Says Congress Risks Creating a Self-Made Crisis With ‘Unthinkable’ Debt Default
Treasury Secretary Janet Yellen accused the Republican-controlled House of creating a self-made crisis over its stance on the ...
May 11, 2023
BY
Bryan Jung
Biden Says Republican Threats Over Debt Ceiling Are ‘Dangerous’ With ‘Enormous Implications’
President Joe Biden extended his attacks on Republicans in a speech in New York on May 10, calling ...
May 10, 2023
BY
Emel Akan
The Debt-Ceiling Debate and Its Economic Implications
Last summer, President Biden and a majority in Congress celebrated legislative victories over major increases in federal spending. ...
May 5, 2023
BY
Robert Genetski
White House Warns of Millions of Job Losses, ‘Severe Damage’ to Economy If US Defaults on Debt
A continued breach of the U.S. debt ceiling could result in "significant disruptions" to financial markets and "severe ...
May 4, 2023
BY
Katabella Roberts
Risk of Debt Default Is ‘Non-Trivial,’ Warns JPMorgan
JPMorgan has warned that there's a "non-trivial risk" of a default on U.S. government obligations as the debt-limit ...
April 20, 2023
BY
Tom Ozimek
Small Businesses File for Bankruptcy at Record Pace, Surpassing COVID Crash
Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020, ...
April 5, 2023
BY
Liam Cosgrove
Probability of Debt Default Has Risen 300 Percent Since Start of Year: Report
The probability of a catastrophic U.S. debt default has risen by 300 percent since the start of the ...
March 4, 2023
BY
Bryan Jung
TikTok Sets 60-Minute Screen Time Limit for Minors
Social media app TikTok, popular among teens, has announced that it will soon limit screen time to 60 ...
March 3, 2023
BY
Amy Gamm
Office Landlord Defaults on the Rise as Employees Continue to Work From Home
Office landlord defaults are on the rise throughout the United States as employees continue to work from home. ...
March 2, 2023
BY
Bryan Jung
US Default Would Cause Job, Benefits Losses, Yellen Tells Counties
WASHINGTON—U.S. Treasury Secretary Janet Yellen warned county leaders on Tuesday that their residents could lose jobs and federal ...
February 14, 2023
BY
Reuters
China’s Solar Energy Tycoon Detained by Authorities: Reports
Li Hejun, the founder of China’s solar energy giant Hanergy Thin Film Power Group, was taken away by ...
January 16, 2023
BY
Sophia Lam
US National Debt Default Is a ‘Real Threat’ Both Sides Must Take Seriously: GOP Lawmaker
Rep. Don Bacon (R-Neb.) has warned that the risk of a U.S. national debt default is a "real ...
January 16, 2023
BY
Tom Ozimek
Default Risks Grow Across Most US Sectors in 2nd Quarter: S&P
The chances of default across a majority of U.S. business sectors rose in the second quarter, according to ...
July 18, 2022
BY
Andrew Moran
Defaults Set to Soar Amid Rising Borrowing Costs and ‘Extremely High’ Recession Risk
An association of fund managers has issued a dire prediction about the growing risk of credit defaults, warning ...
July 15, 2022
BY
Tom Ozimek
Russia, Rejecting Default, Tells Investors to Go to Western Financial Agents
Russia rejected claims on Monday that it had defaulted on its external debt for the first time in ...
June 27, 2022
BY
Reuters
S&P Cuts Chinese State-Backed Developer Greenland to ‘Selective Default’
HONG KONG—Chinese state-backed Greenland Holdings Corp. Ltd. was on Wednesday downgraded to "selective default" by rating agency S&P ...
June 22, 2022
BY
Reuters
China’s Fourth Largest Property Developer Sunac Misses Bond Repayment, Expects to Miss More
HONG KONG—Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said ...
May 13, 2022
BY
Reuters
Russia’s Foreign Currency Rating Cut; Risk of Debt Default Looms
Russia's foreign currency payment rating has been downgraded after Moscow used rubles to make a dollar-denominated debt payment ...
April 9, 2022
BY
Tom Ozimek
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
NEW
By
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
2hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
3hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
5hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
5hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
6hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
10hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
11hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
12hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
17hr
By
Melanie Sun