debt

U.S. Job Market Hits a High Note: Economists Celebrate a 'Sweet Spot'

In an era where the pulse of the economy is closely monitored, the latest reports from the Bureau of Labor Statistics have given us something to sing about. With a whopping 303,000 jobs added in March-the most significant gain in over a year-and the unemployment rate dipping to 3.8%, it's clear that the U.S. job market is not just rebounding; it's thriving.

Biden's New Move: Up to $20,000 in Student Loan Interest Wiped Clean

The announcement of a new plan aiming to erase up to $20,000 in interest for countless borrowers has set the stage for what could be a significant shift in the financial futures of many. This move, part of Biden's broader strategy to tackle the student debt crisis, promises to "cancel runaway interest" on loans, potentially benefiting up to 25 million individuals.

Rising Debt Levels Lead to More Loan Rejections

In the last two years, half of Americans who asked for loans had their applications denied, citing a recent poll by personal finance website Bankrate.com.

Why Right Now is a Bad Time to Spend Money

The U.S. economy has shown incredible resilience in the past, rebounding strongly from the depths of the pandemic recession. And who knows, maybe this period of economic uncertainty will give you the push you need to finally start that side hustle or small business you've been dreaming about.

Escape the Debt Trap: Proven Strategies to Get Out of Debt Fast!

I was once in your shoes, drowning in a sea of college loans and credit card debt. But I got out, here's how.

Debt-Free Holidays: Steps to Slash Your Credit Card Burden Before Shopping Sprees

Before the holidays, when money is most required, many people find themselves in a financial rut due to the present credit card interest rates, which are often about 20 percent.

Student Loan: Do You Think You Owe $1.6 trillion Debt? Here is How to Know If You Are

Student Loan: Do You Think You Owe $1.6 Trillion Debt? Here's How to Know

The updated student loan debt statistics claim that 45 million borrowers owe more than $1.6 trillion in debt. Here is what to know about it.

Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

What does Fed rate hike mean to auto loans, mortgages & credit cards?

The US Federal Reserve is expected to make a decision on the interest rate on Wednesday. Most probably, the Fed will opt for a rate hike. If it raises the interest rate, then it will impact all types of borrowing costs for consumers.

Tesco disposed off South Korean unit to pay its debts

Tesco's debt-laden balance sheet already piled up and Tesco CEO has to do something about it. This forced him to sell the South Korean unit to MBK Partners Ltd to ease the burden of the grocer retailer and focus more on the home store.

When Is the Right Time to Transfer Balances to a New Credit Card?

More and more people are enjoying purchases using their credit cards and not all aware of the consequences especially if they skipped payment. Likewise when they turn to a new credit card issuer and transfer their balance.

Latest Stories

Over 25% of US Consumers Earning Below $50,000 Avoid Fast Food Due to High Cost

According to a January survey conducted by consulting company Revenue Management Solutions, over 25% of those with incomes under $50,000 were reducing their use of fast food, citing expense as a reason.

Strong US Economy Masks Struggles of Low-Income Consumers

One of the primary foundations preventing the U.S. economy from entering a recession-resilient family spending-is beginning to show signs of weakness.

Trump's Second Presidency Could Spell Gains for Crypto, NFTs

Geoff Kendrick, the head of FX Research and Digital Assets Research at Standard Chartered Bank, suggests that a win by former U.S. President Donald Trump in the upcoming November U.S. presidential election could have a positive impact on Bitcoin.

TikTok Ban on Hold? App Fights for 170 Million US Users

On Tuesday, TikTok and its Chinese parent firm ByteDance filed a lawsuit in a U.S. federal court, attempting to overturn a bill that President Joe Biden had signed that would have required the 170 million Americans who use the short video app to either divest or outright prohibit it.

SEC Chair Gary Gensler Deems Crypto a Central Player in Market Issues

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler covered a variety of subjects, including cryptocurrencies.

Must Read

Second Chance for FTX? Exchange Offers Full Repayment Plus Compensation to Creditors

FTX intends to fully repay the remaining creditors plus pay them "billions in compensation for the time value of their investments," leaving 98% of its creditors with up to 118% of their permitted claims.

Equinox’s Ultra-Pricey Program Aims to Extend Your Life

Equinox, a high-end fitness business, is charging for the ultimate luxury: longer life. The business unveiled a subscription on Monday that, at a whopping $36,000 annually, entitles users to more than 100 tests designed to improve health and lengthen life.

Can a $22,000 All-Inclusive Resort Live Up to the Hype?

According to a JLL Research Hotels & Hospitality research, demand for all-inclusive resorts surged after the pandemic. The study found that suddenly, many travelers desired stress-free, simple-to-plan trips, ideally with a health focus.

Crypto Price Predictions for 2026: Bitcoin, Ethereum, Option2Trade Will Increase Value

In the cryptocurrency industry, the forecast that Bitcoin (BTC) will reach $500,000 by 2026 embodies optimistic confidence. Several variables support this enormous price objective, which analysts predict will increase Bitcoin's value.

Crypto Giant Kraken Makes Waves in Europe with New German Deal

By revealing a new strategic alliance that will allow Kraken to actively improve its product offering in Germany, a crucial market for the adoption of cryptocurrencies in Europe, Kraken is doubling down on its goal of expanding throughout the continent.

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