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.....»»
Is tech debt holding back your business?
It can be a daunting blunder to correct, but addressing technical debt could save you money and fuel growth......»»
How Belize became a poster child for "debt-for-nature" swaps
When COVID hit Belize, its economy nosedived: closed borders meant fisheries and farmers had no export markets, and tourism centered on the tiny Central American nation's warm waters and wonders of biodiversity came to a halt......»»
New study finds that microfinance is exacerbating climate precarity and harm in Cambodia
A recent paper co-authored by King's academics argues that microfinance, often projected as a means of coping with climate risk, in fact contributes to farmers in Cambodia being in greater debt and more vulnerable to climate change......»»
Would you go into debt for a smartphone? iPhone users might
A recent survey has suggested that many would-be iPhone buyers think it’s worth going into debt to own the smartphone. The post Would you go into debt for a smartphone? iPhone users might appeared first on Phandroid. While on paper, ther.....»»
Female judges, especially women of color, cited far less frequently than male judges
The current U.S. Supreme Court may be the newsiest set of judges in the history of the judicial branch. From striking down Roe v. Wade and ending affirmative action, to ruling on President Biden's program to cancel student debt, SCOTUS has not been a.....»»
Confused about federal student loan forgiveness? Here"s what you need to know.
With a cumulative federal student loan debt of $1.6 trillion held by more than 45 million borrowers — an almost unfathomable figure shared periodically by the federal government — the nation and its post-graduate borrowers are pining for.....»»
Climate change is making debt more expensive—new study
Earth is overheating due to the greenhouse gas emissions from burning fossil fuels. This is "the biggest market failure the world has seen" according to economist Nicholas Stern. The rational behavior of companies that pollute by making profitable co.....»»
Amid another reset, Shift Technologies is evaluating options to raise additional capital
The company is considering "all avenues" to raise capital, including negotiating with its debt holders, company CFO Oded Shein said Thursday......»»
US municipal bond market pricing may be biased by race, unphased by climate risk
New research suggests that the U.S. municipal bond market systemically misprices risk, as the pricing of municipal debt does not account for local physical climate risk, but does demand larger credit spreads from communities with a larger proportion.....»»
T-Mobile is wiping the debt for some Sprint customers
It appears that for some lucky former Sprint customers, T-Mobile is wiping out any debt you may owe the former carrier. When T-Mobile merged with Sprint, they of course inherited Sprint’s customers as well. Like all carriers, there were.....»»
Analysts: Carvana future still up in the air
Online used-vehicle retailer Carvana announced better-than-expected second- quarter results and a new debt restructuring deal on Wednesday, July 19. Analysts lauded the improved results and the flexibility afforded by the deal. But those same analyst.....»»
Twitter loses half its ad revenue, still weighed down by debt
Twitter hasn't become cash flow positive yet, Elon Musk has confirmed, with a "heavy debt load" and advertising revenue dropping to half its usual amount not helping matters for the billionaire.Elon MuskIn March, Musk offered a prediction that Twitte.....»»
Twitter loses nearly half advertising revenue since Elon Musk takeover
Elon Musk confirms the firm has a heavy debt load and income in June was not what had been expected......»»
The good advice that could lift people out of poverty
Providing access to housing, debt, and benefit advice within food banks could help lift people out of poverty—according to a University of East Anglia study......»»
Study finds car loan identity fraud grew in 2022
'Zombie debt' and other fraudulent attempts to manipulate credit report trade lines for customers seeking auto loans grew in 2022, fraud prevention provider Point Predictive said in its 2023 Auto Lending Fraud Trends Report......»»
Sentiment rises with debt ceiling resolution and slowing inflation, find surveys
Consumer sentiment lifted 9% in June, reaching its highest level in four months, a sign of greater optimism as inflation eased and policymakers resolved the debt ceiling crisis......»»
Climate finance summit wraps up eyeing bigger progress
A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises......»»
Paris summit to push for global debt and climate reform
World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries......»»
Cyber debt levels reach tipping point
The tension between difficult economic conditions and the pace of technology innovation, including the evolution of AI, is influencing the growth of identity-led cybersecurity exposure, according to CyberArk. The CyberArk’s report details how t.....»»
New study quantifies the power of bipartisan coalitions
After weeks of tense speculation over a looming financial catastrophe, should the U.S. default on its debts, House Majority Leader Kevin McCarthy and President Biden are finalizing terms for a bipartisan agreement to raise the debt ceiling. While it.....»»