Browsing: Debt
States that legalized online sports betting saw bankruptcies and debt collections jump, study says
Online sports betting is increasing consumer stress as access to gambling proliferates, a new study found. A US Supreme Court…
President Xi Jinping unveiled sweeping plans to bolster the finances of China’s indebted local governments, as the ruling Communist Party…
Gen Z is embracing ‘underconsumptioncore,’ bragging about decor-less apartments and beat-up Stanley cups to save money—and alleviate crushing anxiety
It’s finally cool to still wear clothes you bought in middle school and show off your studio apartment with no…
Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the big banks…
More than 1 in 3 Americans have a side hustle, but they’re spending that extra cash right away. Financial experts say that’s the wrong approach.
The hustle is back in style. In a recent 2,300-person survey, more than one in three U.S. adult respondents (36%)…
The U.S. deficit is nearly as big a Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse
The presidential election has brought the issue of federal budget deficits back into the spotlight as markets weigh the impact…
Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’
Indebted countries are vulnerable to a precipitous loss of confidence even though that risk is barely acknowledged in bond markets,…
The owner of Redbox DVD kiosks just filed for bankruptcy, saying results ‘failed to meet management’s expectations’
Chicken Soup for the Soul Entertainment Inc. — the seller of self-help books, film and television content — filed for…
Amid election nerves French traders race to secure funding as they foresee the worst blow to bonds
The worst bond rout since the sovereign debt crisis. Companies rushing to lock in funding before a potential capital drought. An almost…
Rumors of American consumer strife are greatly exaggerated, Affirm CEO and PayPal cofounder says
Reports of American consumers’ inability to pay their bills—or their waning interest in shopping—are greatly exaggerated. That’s according to one…












