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.....»»
Supplier Marelli selects KKR to lead turnaround, debt restructuring
As part of the turnaround plan, Marelli is seeking the cancellation of about 450 billion yen ($3.5 billion) in debt, out of obligations of about 1.13 trillion yen, Bloomberg reported......»»
Broadcom To Acquire VMware in Massive $61 Billion Deal
Broadcom has announced it is acquiring VMware in a massive $61 billion deal. From a report: The deal is a combination of cash and stock, with Broadcom assuming $8 billion in VMware debt. With VMware, Broadcom gets more than the core virtualization, w.....»»
Children will reclaim the burden of school meal debt as federal subsidies from COVID-19 end
As a federal program to serve meals to all US public school students during COVID-19 ends on June 30, the consequences of unpaid school meal debt will resurface for the millions of students nationwide facing food insecurity......»»
Yellen Says Fed Can Bring Down Inflation Without Causing Recession
U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector. From a.....»»
El Salvador buys more bitcoin after ratings agency downgrades its debt
Meanwhile, the leading algorithmic "stablecoin" has broken its peg to the dollar. Enlarge / Nayib Bukele, president of El Salvador. (credit: Kellys Portillo/APHOTOGRAFIA/Getty Images) Bitcoin's price has plunged in recent days.....»»
"Buy Now, Pay Later" Is Sending the TikTok Generation Spiraling Into Debt
SFGATE reports on the alarming rise of "Buy Now, Pay Later" services that are being heavily marketed by influencers and brands on TikTok and Instagram. "Gen Z, in particular, has fallen in love with the short-term loans, spending 925% more now throug.....»»
Can tech help you to manage the cost of living?
Personal finance apps are everywhere but are they useful if you are already in debt or on low wages......»»
Seized Silk Road Bitcoin To Clear Ross Ulbricht"s $183M Debt
Silk Road creator Ross Ulbricht will see his $183 million debt wiped out following the seizure of $3 billion in bitcoin connected to an unnamed Silk Road hacker, according to a court filing. From a report: In 2015, Ulbricht was sentenced to life in p.....»»
Use zero trust to fight network technical debt
Zero trust (ZT) is a mindset and a method, not a technology. The current push to adopt ZT is driven by an urgent and growing need to make a major leap forward in risk management and attack containment in enterprise networks, a need driven home by eve.....»»
Microsoft Defender Tags Office Updates As Ransomware
joshuark writes: In one of those in-your-face irony or karmic debt, Bleeping Computer reports that Microsoft Defender tags Office updates as ransomware. The article states: "Windows admins were hit today by a wave of Microsoft Defender for Endpoint f.....»»
Your chances of getting rid of student loan debt depend on who you are
To get rid of student loan debt through bankruptcy, you must prove to the court that paying back your student loans would cause an "undue hardship." But in our peer-reviewed study of nearly 700 student loan discharge cases spanning 1985 to 2020, we f.....»»
Jennifer Lopez and Owen Wilson make "Marry Me" a must-see rom-com
Forget what you think you know about romantic comedies. Marry Me has arrived to upend and one-up your expectations with a love story that's fresh and fabulous. Though based on the comic book by Bobby Crosby, Marry Me's premise owes a debt to Not.....»»
Intellivision asks fans for more money, reveals massive Amico debts
Latest fundraising round requires Intellivision to list over $8M in debt, other warnings. Enlarge / A massive document filed by Intellivision on Monday clarifies just how gloomy the company's Amico console's future appears to be. (cred.....»»
Study challenges idea that a college degree is still the great equalizer
A college degree has long been touted as the great equalizer in our country, but a new Portland State University study suggests that the rising tuition and subsequent debt burdens that families shoulder limit the power of higher education to reduce s.....»»
$1.7 Billion in Student Loan Debt Cancelled for 66,000 Borrowers
Quartz reports: For years, the student loan servicing company Navient allegedly encouraged student loan borrowers to enter costly long-term forbearance programs that pushed them further into debt, as well as take on private loans they couldn't pay b.....»»
Newsroom: US mortgage debt to surpass $14 trillion in 2022
January 12, 2022 (New York, NY) – The total value of residential mortgage debt in the US will continue to experience solid growth into 2022 and 2023. In our inaugural […].....»»
Oracle To Pay More Than $30 Billion Including Debt for Cerner
Oracle is expected to pay more than $30 billion including debt for electronic-medical-records company Cerner, WSJ reported Monday, citing people familiar with the matter. From a report: The all-cash deal is expected to be announced later Monday and v.....»»
Student loans linked to greater harm for parents who borrow for their children than people who borrow for themselves
When people take out student loans for themselves, certain risks are involved. The debt can negatively affect a person's mental, emotional and even physical well-being. It can also harm a person's financial well-being......»»
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.....»»
Debt Collectors Can Now Text, Email and DM You On Social Media
An anonymous reader quotes a report from NPR: New rules approved by the Consumer Financial Protection Bureau that took effect on Tuesday dictate how collection agencies can email and text people as well as message them on social media to seek repayme.....»»