Data released from the Federal Reserve this week showed that credit-card debt topped $1 trillion, which comes at a time when pandemic-era savings are being depleted and with inflation still running faster than the Federal Reserve desires. So while it is a milestone, perspective is everything, and there was a …
Devamını oku »Treasury yields slide as China growth fears drive investors into government debt
Two- through 30-year Treasury yields fell Tuesday morning after weak international trade data from China raised concerns about slowing global economic growth and encouraged buying of sovereign bonds. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was marginally lower at 4.754% versus 4.756% on Monday. The yield on the …
Devamını oku »The U.S. debt will rise by more than $5 billion — every single day for the next decade
As the investment world still comes to grips with the Fitch Ratings decision to downgrade the U.S. debt rating, here’s an eye-popping statistic: the U.S. government’s debt will rise by $5.2 billion — every single day for the next decade. That’s according to the latest missive from Bank of America …
Devamını oku »U.S. AAA debt rating gets a downgrade by Fitch; White House says move ‘defies reality’
Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA, saying that it reflects “expected fiscal deterioration,” a “high and growing” government debt burden and an “erosion of governance” in face of …
Devamını oku »Carnival bonds climb after cruise operator says it will save $120 million a year by retiring $1.2 billion in high-cost debt
Carnival Corp.’s bonds were up by about a point early Monday, after the cruise operator said it would retire $1.2 billion of its highest-cost debt and issue a new $1 billion secured first-lien term loan. Carnival CCL, +1.30% CCL, +0.73% Chief Financial Officer David Bernstein said the company has confidence …
Devamını oku »‘Doomsday machine’: Here’s what could happen if the debt ceiling is breached
Congress is taking debt-ceiling negotiations uncomfortably near a vague, but fast-approaching deadline that is closely monitored by markets. It’s not clear exactly when that deadline will arrive or exactly what will happen if it does. But from Wall Street to Washington there is fear that the fallout could be very …
Devamını oku »Has the interest on the KYK debt been cancelled? (Latest KYK debt situation) – Last Minute Economy News
Has the interest on the KYK debt been cancelled? The answer to the question is asked by people who have difficulty paying their scholarship and loan debts. Minister of Youth and Sports Muharrem Kasapoğlu announced the good news about KYK debt interest. Here are the details. KYK DEBT INTEREST CANCELLED? …
Devamını oku »Does military debt make people EYT? How will the TFR be paid? Remarkable statement by Minister Bilgin – Last Minute Economy News
SOLVED THE KNOB OF THE PREMIUM LINKED TO THE PENSION Stating that if retirees continue to work, their premiums increase by 5 points compared to regular employees and that employers want this difference removed after the AET regulation enters into force, Minister Bilgin said: ‘If the employer hires the retiree, …
Devamını oku »