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 auction’s highest bid was $100K; it could owe $300M next week
Twitter's first loan payment deadline is reportedly next week. Enlarge (credit: ANGELA WEISS / Contributor | AFP) Twitter owes $13 billion, and it’s expected to make its first payment against that debt next week, Bloom.....»»
Chinese chip giant weighs IPOs, land sales to slash debt burden
Tsinghua Unigroup Co.'s new owners are exploring ways to stave off creditors after completing a $9 billion takeover, including industrial property sales and floating fast-growing business units such as a local rival to Qualcomm Inc......»»
84-month auto loans gain in popularity
By the third quarter of 2022, 19 percent of new-vehicle debt and 11 percent of used-vehicle loans ran seven years, according to Experian......»»
4 key shifts in the breach and attack simulation (BAS) market
The increase in the number of attack surfaces along with the rise in cybercriminal sophistication is generating technical debt for security operations centers (SOCs), many of which are understaffed and unable to dedicate time to effectively manage th.....»»
Ransomware: The security debt collector
High-profile ransomware news stories grabbed headlines a few years ago but faded in popularity as other attacks like cryptojacking grew more profitable. Since the first months of 2020, ransomware attacks have been on the rise and are in the news agai.....»»
What happened to Biden"s free college plan? Cutting cost of higher ed out of Feds" reach
President Joe Biden's plan for mass student loan debt relief may be a bust, but the attempt to wipe billions in education-related debt was an acknowledgment: The way the U.S. pays for higher education is not working......»»
Open source vulnerabilities add to security debt
The number of open source vulnerabilities that Mend identified and added to its vulnerability database in the first nine months of 2022 was 33 percent greater than the first nine months of 2021, reflecting both the growth in the number of published o.....»»
Twitter"s new moneymaking scheme is a giant violation of Apple"s App Store guidelines
Twitter reportedly plans on forcing users to opt into personalized ads & location tracking, and also wants to sell phone numbers to increase revenue — and Apple won't be happy if they do either.Twitter hopes to pay off debt with customer dataElon M.....»»
Carvana inches toward reworking debt
Carvana is consulting with lawyers and investment bankers about options for managing its debt load amid plunging used car prices......»»
People continue to matter, as accounting evolves
The role of the auditing profession is crucial for the proper functioning of capital and debt markets: one of the primary duties of auditors is to ensure the compliance of organizations' financial accounts to the law. And as the complexity of modern.....»»
Key creditors in pact to avert brawl as Carvana"s prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings......»»
Growing startups should worry about rising "diversity debt," say researchers
Startups should pay attention to gender diversity from the get-go. UvA Economics and Business researchers Dr. Yuval Engel and Dr. Tanja Hentschel, together with colleagues in the US, conducted research about why women are underrepresented among start.....»»
Low-income families in Scotland are facing soaring debt to public bodies
A new report written by Heriot-Watt University for Aberlour Children's Charity reveals that low-income families are facing high levels of debt to public bodies. The report shows that more than half of families (55%) with children in Scotland receivin.....»»
Identifying key areas for fraud risk during the recession
As economic pressure increases, so does fraud risk. While the world slides into a recession, the resulting increased debt, supply chain delays, and inflation create increased pressure on individuals to make ends meet. From a business perspective, as.....»»
Don"t cut them off: Low-performing students benefit from continued access to loans
Over the past decade, there has been a growing debate about the value of student loans and the long-term impact of debt for those entering the workforce—particularly for students who struggled to complete their studies......»»
Musk sold $3.95 billion of Tesla stock after buying Twitter
It’s still not clear how the $44 billion Twitter deal ultimately was financed, beyond the roughly $13 billion of debt commitments from Wall Street banks......»»
How debt-for-climate swaps can help solve low-income countries" fiscal and environmental challenges at the same time
Barbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive......»»
KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2022-5
NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2022-5 (“PAID 2022-5”), a consumer loan ABS transaction. Pagaya Structured Products LLC is a 100% owned sub.....»»
Student debt forgiveness causes monthly deficit to jump 562%
The Treasury Department said Friday the federal budget deficit was 562% higher on a monthly basis compared with September 2021, largely reflecting President Joe Biden's plans to forgive student debt as several years' worth of costs were compressed in.....»»
Looking to claim your student loan relief? Here"s what you need to know.
Applicants for student debt relief can now sign up ahead of the formal announcement of the application process later this month. That form is available here. After campaigning on the promise of debt relief (and receiving ample criticism from both bor.....»»