A 900% Stock Surge Creates a Billionaire Couple in India

A 900% Stock Surge Creates a Billionaire Couple in India

Even in Mumbai’s increasingly wealthy financial circles — where initial public offerings have minted billionaires at a fast clip — the swiftness of Sanjay Dangi’s rise is an outlier. Source link Read more »
Student loan debt swelled under Biden, despite historic forgiveness

Student loan debt swelled under Biden, despite historic forgiveness

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Former President... Read more »
New World Debt Turmoil Rocks One of Hong Kong’s Richest Families

New World Debt Turmoil Rocks One of Hong Kong’s Richest Families

For decades, Hong Kong’s “big four” property dynasties have been viewed as cash-rich bastions of stability. A crisis of confidence at New World Development Co. is now putting that notion to the... Read more »
US debt reaches record highs: can new strategies turn the tide?

US debt reaches record highs: can new strategies turn the tide?

The US debt keeps rising, with no signs of slowing down. Just two months ago, the national debt was sitting at around $35 trillion.  Since then, it has surged to $35.9 trillion,... Read more »
Credit card debt among retirees jumps significantly

Credit card debt among retirees jumps significantly

Mixetto | E+ | Getty Images The share of Americans with credit card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in... Read more »
86-year-old grandmother got her nearly ,000 student loan debt forgiven

86-year-old grandmother got her nearly $32,000 student loan debt forgiven

Mrs | Moment | Getty Images Rebecca Finch couldn’t think of a better gift for her 86th birthday. She received a notice in early September from Navient that the lender would forgive... Read more »
How Gen Z Ended Up in So Much Debt

How Gen Z Ended Up in So Much Debt

An unfortunate confluence of financial hardships has young Americans playing from behind. Source link Read more »
The Best Way to Handle UK Student Debt

The Best Way to Handle UK Student Debt

On this personal finance edition of Merryn Talks Money, our hosts help a young graduate chart his way forward.  Source link Read more »
Ahead of U.S. election, financial advisors say public debt is top concern

Ahead of U.S. election, financial advisors say public debt is top concern

Voters work on their ballot at a polling station at the Elena Bozeman Government Center in Arlington, Virginia, on September 20, 2024. – | Afp | Getty Images Many investors worry about... Read more »
A Billionaire Family Fueled by Green Debt Faces Deforestation Claims

A Billionaire Family Fueled by Green Debt Faces Deforestation Claims

The Tanotos’ Royal Golden Eagle, which helps make household products from P&G’s Head & Shoulders shampoo to Unilever’s Fudgsicles, denies the allegations while touting its sustainability efforts. Source link Read more »

What’s Happening in EM: Stars Align For EM Local Debt (Podcast)

Dubai-based Srinivasan Sivabalan joins Zijia Song to discuss why emerging-market local currency bonds are finally ready for lift off after the Federal Reserve started cutting rates. Source link Read more »
China’s local government debt problems are a hidden drag on economic growth

China’s local government debt problems are a hidden drag on economic growth

Local governments in China are still building highways, bridges and railways, as pictured here in Jiangxi province on Sept. 6, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s persistent... Read more »
NFIB Opposes Giving Local Governments Greater Debt Power

NFIB Opposes Giving Local Governments Greater Debt Power

Small business association comes out against Proposition 5 on the November Ballot FOR IMMEDIATE RELEASEContact: Tim Taylor, California Policy Director, [email protected]or Tony Malandra, Senior Media Manager, [email protected]  SACRAMENTO, Calif., Sept. 9, 2024—California’s... Read more »
What Happens If Trump Can’t Post 4 Million Bond by Monday

What Happens If Trump Can’t Post $454 Million Bond by Monday

Donald Trump owes New York $454 million after losing the state’s civil fraud suit over his asset valuations. The former president is challenging the verdict, but he still faces a March 25... Read more »
UK Gilts: How Retail Investors Can Buy Government Bonds at Auction Prices

UK Gilts: How Retail Investors Can Buy Government Bonds at Auction Prices

UK trading platforms are broadening access for retail investors to newly issued gilts, looking to tap into bourgeoning demand for the securities. The private-sector initiative, which allows clients to indirectly participate in... Read more »
Money-Market Assets Hit Fresh Record for Second Straight Week

Money-Market Assets Hit Fresh Record for Second Straight Week

Money-market fund assets rose to a fresh record high for the second straight week on expectations short-term rates will remain elevated for longer after traders reined in bets on the first Federal... Read more »
Career Earnings With a College Degree: Underemployed Graduates Lag on Income

Career Earnings With a College Degree: Underemployed Graduates Lag on Income

Your first job after college is more important than you might think. Roughly 52% of recent college graduates are working jobs that don’t require a degree. And for those who find themselves... Read more »
Credit Fund That Beat Canada’s Market Is Gearing Up for Interest Rate Cuts

Credit Fund That Beat Canada’s Market Is Gearing Up for Interest Rate Cuts

A Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row is buying up longer-term notes in anticipation that the Bank of Canada will soon make its... Read more »
Tech Layoffs: How to Deal with Them

Tech Layoffs: How to Deal with Them

NEW YORK (AP) — Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security. If you’re worried... Read more »