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default

  • Collapse of Investment Company in China’s Jiangxi Province Leaves Thousands Struggling to Recoup Losses
    Collapse of Investment Company in China’s Jiangxi Province Leaves Thousands Struggling to Recoup Losses
    The default of a private financing company in China’s Jiangxi Province has resulted in thousands of investors losing their investments. Despite more than two years of efforts to seek redress, ...
    August 2, 2024BY Xin Ning and Cathy Yin-Garton
  • Car Loan Defaults Hit Record High as Interest Rate Hikes Bite
    Car Loan Defaults Hit Record High as Interest Rate Hikes Bite
    Auto loan defaults in the United States have hit their highest level on record, according to data from ...
    October 23, 2023BY Tom Ozimek
  • Default of State-Backed Developer Sino-Ocean Signals China’s Economic Crisis: Analysts
    Default of State-Backed Developer Sino-Ocean Signals China’s Economic Crisis: Analysts
    The latest default on debt by a state-backed real estate enterprise in China signals a growing crisis in ...
    August 17, 2023BY Mary Hong
  • It’s Almost Time to Resume Student Loan Payments. Not Doing so Could Cost You
    It’s Almost Time to Resume Student Loan Payments. Not Doing so Could Cost You
    NEW YORK—After three years, the pandemic-era freeze on student loan payments will end in late August. It might ...
    June 14, 2023BY The Associated Press
  • How the Debt-Ceiling Issues May Soon Affect You
    How the Debt-Ceiling Issues May Soon Affect You
    For months, talk about the debt-ceiling crisis has been discussed on many news broadcasts. The showdown has been ...
    May 31, 2023BY Mike Valles
  • Democrats Blame ‘Extreme’ Republicans for Debt Limit Deadlock as GOP Demands Accountability
    Democrats Blame ‘Extreme’ Republicans for Debt Limit Deadlock as GOP Demands Accountability
    With debt limit talks running down to the wire in Washington, the finger-pointing continued May 23 on Capitol ...
    May 23, 2023BY Samantha Flom
  • US Default Risk Casts Shadow Over Biden’s G-7 Trip
    US Default Risk Casts Shadow Over Biden’s G-7 Trip
    HIROSHIMA, Japan—President Joe Biden has asked his negotiators to coordinate a call with House Speaker Kevin McCarthy for ...
    May 21, 2023BY Emel Akan and Caden Pearson
  • What to Do if Debt Ceiling Fight Worsens
    What to Do if Debt Ceiling Fight Worsens
    Commentary The debt ceiling debate in Washington has been widely discussed but so far, few investors are truly ...
    May 14, 2023BY Fan Yu
  • Neither Default Nor Chaos
    Neither Default Nor Chaos
    Commentary Treasury Secretary Janet Yellen has warned again (and again and then again) about the dire approach to ...
    May 12, 2023BY Milton Ezrati
  • Yellen Says Congress Risks Creating a Self-Made Crisis With ‘Unthinkable’ Debt Default
    Yellen Says Congress Risks Creating a Self-Made Crisis With ‘Unthinkable’ Debt Default
    Treasury Secretary Janet Yellen accused the Republican-controlled House of creating a self-made crisis over its stance on the ...
    May 11, 2023BY Bryan Jung
  • Biden Says Republican Threats Over Debt Ceiling Are ‘Dangerous’ With ‘Enormous Implications’
    Biden Says Republican Threats Over Debt Ceiling Are ‘Dangerous’ With ‘Enormous Implications’
    President Joe Biden extended his attacks on Republicans in a speech in New York on May 10, calling ...
    May 10, 2023BY Emel Akan
  • The Debt-Ceiling Debate and Its Economic Implications
    The Debt-Ceiling Debate and Its Economic Implications
    Last summer, President Biden and a majority in Congress celebrated legislative victories over major increases in federal spending. ...
    May 5, 2023BY Robert Genetski
  • White House Warns of Millions of Job Losses, ‘Severe Damage’ to Economy If US Defaults on Debt
    White House Warns of Millions of Job Losses, ‘Severe Damage’ to Economy If US Defaults on Debt
    A continued breach of the U.S. debt ceiling could result in "significant disruptions" to financial markets and "severe ...
    May 4, 2023BY Katabella Roberts
  • Risk of Debt Default Is ‘Non-Trivial,’ Warns JPMorgan
    Risk of Debt Default Is ‘Non-Trivial,’ Warns JPMorgan
    JPMorgan has warned that there's a "non-trivial risk" of a default on U.S. government obligations as the debt-limit ...
    April 20, 2023BY Tom Ozimek
  • Small Businesses File for Bankruptcy at Record Pace, Surpassing COVID Crash
    Small Businesses File for Bankruptcy at Record Pace, Surpassing COVID Crash
    Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020, ...
    April 5, 2023BY Liam Cosgrove
  • Probability of Debt Default Has Risen 300 Percent Since Start of Year: Report
    Probability of Debt Default Has Risen 300 Percent Since Start of Year: Report
    The probability of a catastrophic U.S. debt default has risen by 300 percent since the start of the ...
    March 4, 2023BY Bryan Jung
  • TikTok Sets 60-Minute Screen Time Limit for Minors
    TikTok Sets 60-Minute Screen Time Limit for Minors
    Social media app TikTok, popular among teens, has announced that it will soon limit screen time to 60 ...
    March 3, 2023BY Amy Gamm
  • Office Landlord Defaults on the Rise as Employees Continue to Work From Home
    Office Landlord Defaults on the Rise as Employees Continue to Work From Home
    Office landlord defaults are on the rise throughout the United States as employees continue to work from home. ...
    March 2, 2023BY Bryan Jung
  • US Default Would Cause Job, Benefits Losses, Yellen Tells Counties
    US Default Would Cause Job, Benefits Losses, Yellen Tells Counties
    WASHINGTON—U.S. Treasury Secretary Janet Yellen warned county leaders on Tuesday that their residents could lose jobs and federal ...
    February 14, 2023BY Reuters
  • China’s Solar Energy Tycoon Detained by Authorities: Reports
    China’s Solar Energy Tycoon Detained by Authorities: Reports
    Li Hejun, the founder of China’s solar energy giant Hanergy Thin Film Power Group, was taken away by ...
    January 16, 2023BY Sophia Lam
  • US National Debt Default Is a ‘Real Threat’ Both Sides Must Take Seriously: GOP Lawmaker
    US National Debt Default Is a ‘Real Threat’ Both Sides Must Take Seriously: GOP Lawmaker
    Rep. Don Bacon (R-Neb.) has warned that the risk of a U.S. national debt default is a "real ...
    January 16, 2023BY Tom Ozimek
  • Default Risks Grow Across Most US Sectors in 2nd Quarter: S&P
    Default Risks Grow Across Most US Sectors in 2nd Quarter: S&P
    The chances of default across a majority of U.S. business sectors rose in the second quarter, according to ...
    July 18, 2022BY Andrew Moran
  • Defaults Set to Soar Amid Rising Borrowing Costs and ‘Extremely High’ Recession Risk
    Defaults Set to Soar Amid Rising Borrowing Costs and ‘Extremely High’ Recession Risk
    An association of fund managers has issued a dire prediction about the growing risk of credit defaults, warning ...
    July 15, 2022BY Tom Ozimek
  • Russia, Rejecting Default, Tells Investors to Go to Western Financial Agents
    Russia, Rejecting Default, Tells Investors to Go to Western Financial Agents
    Russia rejected claims on Monday that it had defaulted on its external debt for the first time in ...
    June 27, 2022BY Reuters
  • S&P Cuts Chinese State-Backed Developer Greenland to ‘Selective Default’
    S&P Cuts Chinese State-Backed Developer Greenland to ‘Selective Default’
    HONG KONG—Chinese state-backed Greenland Holdings Corp. Ltd. was on Wednesday downgraded to "selective default" by rating agency S&P ...
    June 22, 2022BY Reuters
  • China’s Fourth Largest Property Developer Sunac Misses Bond Repayment, Expects to Miss More
    China’s Fourth Largest Property Developer Sunac Misses Bond Repayment, Expects to Miss More
    HONG KONG—Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said ...
    May 13, 2022BY Reuters
  • Russia’s Foreign Currency Rating Cut; Risk of Debt Default Looms
    Russia’s Foreign Currency Rating Cut; Risk of Debt Default Looms
    Russia's foreign currency payment rating has been downgraded after Moscow used rubles to make a dollar-denominated debt payment ...
    April 9, 2022BY Tom Ozimek
TOP NEWS
  • Alleged Chinese Spy Alice Huang Linked to Huawei Data Center: Report
    NEW By Frank Fang
    Alleged Chinese Spy Alice Huang Linked to Huawei Data Center: Report
  • Bessent Blames Commerce Department for Failure to Blacklist Megaspeed
    NEW By Andrew Moran
    Bessent Blames Commerce Department for Failure to Blacklist Megaspeed
  • US Denies Iran’s Claim It Destroyed Radar in Bahrain
    NEW By Evgenia Filimianova
    US Denies Iran’s Claim It Destroyed Radar in Bahrain
  • Kalshi Ends Advisory Role With Donald Trump Jr. After His Firm Invests in Polymarket
    1hr By Kimberly Hayek
    Kalshi Ends Advisory Role With Donald Trump Jr. After His Firm Invests in Polymarket
  • Microsoft Reports Progress Fixing Global Outage Impacting Millions
    2hr By Chris Summers
    Microsoft Reports Progress Fixing Global Outage Impacting Millions
  • RFK Jr. Announces Funding to Study Ibogaine Psychedelic Drug
    2hr By Zachary Stieber
    RFK Jr. Announces Funding to Study Ibogaine Psychedelic Drug
  • 10 Midterm House Races That Surprised Some Observers
    3hr By Joseph Lord
    10 Midterm House Races That Surprised Some Observers
  • DOJ Announces 354 Arrests in Global Dark Web Drug Crackdown
    5hr By Jacki Thrapp
    DOJ Announces 354 Arrests in Global Dark Web Drug Crackdown
  • Why Most Americans Couldn’t Last 72 Hours in an Emergency
    5hr By Russ Jones
    Why Most Americans Couldn’t Last 72 Hours in an Emergency
  • Beijing Uses Monitoring Hubs in US to Police Chinese Diaspora, Report Says
    5hr By Frank Fang
    Beijing Uses Monitoring Hubs in US to Police Chinese Diaspora, Report Says
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