Evergrande Has Defaulted On Its Debt
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. From a report: The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the fi.....»»
Twitter seeks assurances that Musk won’t break merger agreement again
Debt financing a key sticking point in talks to end litigation and finish merger. Enlarge (credit: Getty Images | Chesnot ) Elon Musk could be the owner of Twitter by sometime next week, but the sides have to resolve a few dis.....»»
Book: Burn Rate: Launching a Startup and Losing My Mind
Since Matt Levine is so effectively covering anything interesting in the world of the Twitter deal (and all kinds of bizarre, random, and complicated crypto, fraud, debt, and other financial stuff), I think I’ll stick with book reviews for the.....»»
Her work helped her boss win the Nobel Prize. Now the spotlight is on her
Scientists have long studied the work of Subrahmanyan Chandrasekhar, the Indian-born American astrophysicist who won the Nobel Prize in 1983, but few know that his research on stellar and planetary dynamics owes a deep debt of gratitude to an almost.....»»
Copenhagen"s failure to meet its 2025 target casts doubt on other major climate plans
The city of Copenhagen, often celebrated as one of the world's greenest for its cycling culture and other initiatives, recently defaulted on its pledge to become carbon-neutral by 2025. This early failure in the global race to net zero emissions (a b.....»»
Student loan forgiveness could help more than 40 million
More than 40 million Americans could see their student loan debt reduced—and in many cases eliminated—under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the m.....»»
Big student loan forgiveness plan announced by Biden
President Joe Biden on Wednesday announced detailed plans to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans—and up to $10,000 more for those with the greatest financial need—along with meas.....»»
Biden"s student loan plan: What we know (and what we don"t)
President Joe Biden is expected to announce Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. Details of the plan are still being finalized, but here's what we know so far and what it means for people with ou.....»»
Extreme debtors may accumulate debt due to inflated sense of self-control
A first-of-its-kind study led by Associate Professor Jia Lile from the Department of Psychology at the National University of Singapore (NUS) Faculty of Arts and Social Sciences found that extreme debtors have a low capacity to regulate their behavio.....»»
Amazon to buy the company behind the Roomba in a $1.7 billion deal
Amazon has agreed to buy iRobot, the maker of the popular Roomba vacuum, in an all-cash deal valued at about $1.7 billion, including debt, the two companies announced Friday......»»
Asbury back in the market to buy car dealerships
Asbury Automotive Group CFO Michael Welch told analysts last week that the retailer didn't plan to seek new acquisitions until it had cut its leverage to 2 times earnings. And at a debt ratio of 2.1 times earnings at the end of June, Asbury is close.....»»
GM selling first green bonds hoping to challenge Tesla in EVs
GM sold environmentally friendly bonds for the first time ever, tapping into the sustainable debt market to fund the transition to EVs......»»
Harber London Nomad Organiser review: Stylish, but pricey
Upgrade your everyday carry with a luxury organizer that can fit all your Apple gear, including your MacBook, iPad, AirPods, and more.There are plenty of ways to carry all your essential gear. Many of us have defaulted to keeping a tech bag, which of.....»»
A $3 Billion Silk Road Seizure Will Erase Ross Ulbricht"s Debt
In a twist, a massive trove of stolen bitcoins will repay the dark web market creator's $183 million restitution. Wired: Ross Ulbricht, the convicted creator of the legendary Silk Road dark web market for drugs, has never gotten much mercy from the U.....»»
Walking a tightrope (5): Risks of industrial and economic development
The risk to the global economy comes from national debt crises. Before the COVID pandemic, there were many countries in poor financial helath, and the subsidies give during the pandemic will eventually come at a price. After the recent period of inte.....»»
Walking a tightrope: Risks of industrial and economic development
The risk to the global economy comes from national debt crises. Before the COVID pandemic, there were many countries in poor financial helath, and the subsidies give during the pandemic will eventually come at a price. After the recent period of inte.....»»
The Sleep Debt Collector Is Here
Recent studies in humans and mice have shown that late nights and early mornings may cause long lasting damage to your brain. From a report: The sleep debt collectors are coming. They want you to know that there is no such thing as forgiveness, only.....»»
Japanese supplier Marelli enters court-led reorganization
Marelli is seeking the cancellation of about 450 billion yen ($3.3 billion) in debt out of total obligations of about 1.13 trillion yen, as part of a wider restructuring, sources say......»»
Loss of nature is pushing nations toward sovereign credit downgrades and "bankruptcy"
The world's first biodiversity-adjusted sovereign credit ratings shows how ecological destruction affects public finances—driving downgrades, debt crises and soaring borrowing costs, according to a team of economists led by Cambridge University......»»
How the debt crisis of 2008-09 fueled populist politics
The economic downturn of 2008-09 has often been described as a financial-sector crisis, featuring failing banks. But it was much more than that. Many people with stagnant or dropping incomes, having borrowed to sustain their standard of living, found.....»»
HomeKit Weekly: Even renters can enjoy smart home products that are easy to install… and remove
As I’ve mentioned a few times, my family is in the process of building a home, so I’ve documented some of my HomeKit plans in previous articles. For the moment, I am debt-free since we’ve sold our current home, but our new house won’t be fin.....»»