High Borrowing Costs
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‘Reverse Yankee’ deals boom as Europe’s low borrowing costs lure US groups
American companies issue €30bn in euro-denominated bonds as investor demand for European corporate debt growsFinancial Times - Business -
The Cost of Competing With China
The Biden administration is betting that new China tariffs will be politically popular, even if they could slow the transition from fossil fuels.The New York Times - Top stories - China -
US companies find borrowing conditions improving as markets rally
Chicago Fed’s index of financial conditions falls to lowest level since January 2022Financial Times - Business -
Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say
As protections and relief options for federal student loan borrowers grow, refinancing your debt may be a risky move, consumer advocates say.CNBC - Business - Joe Biden -
FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs
Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.The New York Times - Business -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
These California college students live in RVs to afford cost of education
"I don't feel homeless, but I am legally homeless," said one of the dozens of students at Cal Poly Humboldt who call an RV or other vehicle home.CBS News - Top stories - California -
The Papers: Alcohol abuse 'costs £27bn' and 'King's fighting spirit'
The public cost of alcohol abuse and the King's plans to travel for D-Day tributes lead the papers.BBC News - Top stories -
EA Sports College Football 25 price: Breaking down cost for each edition as video game returns
EA Sports unveiled plenty of information about its most anticipated release in a long timeCBS Sports - Sports - College Football -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
How can a child in care cost £281,000 a year? Ask the wealth funds that have councils over a barrel | George Monbiot
Children crying out for stability are paying the highest price for Britain’s chaotic and exploitative residential care. I’m a patron of a small local charity that helps struggling children to rebuild trust and connection. It’s called Sirona ...The Guardian - World -
‘Is this creepy?’ I want to give my 13-year-old daughter her late grandfather’s iPhone. A refurbished model costs $200.
“It could be something to remember him by, as they were close.”MarketWatch - Business -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Channel crossings since start of year at record high
The number of migrants crossing the Channel since January 1 is 9,681, according to Home Office data.BBC News - Top stories -
1 in 3 high-profile athletes threatened by bettors
The NCAA reports that nearly one in three star athletes receive abusive messages from people with "betting interests," with some college basketball players getting death threats during championship tournaments.ESPN - Sports -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
Biden slams Trump as he touts record-high Dow crossing 40,000
President Joe Biden and Donald Trump are in the midst of a messaging fight over who has handled the economy better. The Dow hitting 40,000 could help Biden.CNBC - Business - Joe Biden -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
Trump asks NY high court to intervene in gag order fight
Former President Trump asked New York’s highest court to intervene in his fight to throw out the gag order in his ongoing hush money criminal trial, one day after a mid-level appellate court upheld it. Trump’s attorney filed a notice of appeal on ...The Hill - Politics - Donald Trump -
U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes
Southern political leaders say a win for the United Automobile Workers would threaten their economies. Activists want to strike a blow against a system they say exploits the poor.The New York Times - Business