Incomes Catching Debt

Wall Street frenzy creates $11bn debt market for AI groups buying Nvidia chips

Huge loans for ‘neocloud’ groups raise concern over chipmaker’s dominance of artificial intelligence market

Business - Financial Times - November 4

Why credit card debt forgiveness is worth it even with more Fed rate cuts

Another interest rate cut was just issued. Here's why you should still pursue credit card debt forgiveness anyway.

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - November 8

China approves $840B plan to refinance local government debt, boost slowing economy

China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economy

World - ABC News - November 8

Shares in UK retailers fall as sector counts cost of NICs tax rise – business live

Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...

World - The Guardian - November 8

What should I do when a credit card debt collector contacts me?

If you've been contacted by a debt collector about old credit card debt, here's what you should do.

'My 12 hours of uni each week are incredible value'

University fees are rising to £9,535, meaning students will be left in more debt after their course.

Cop29 live updates: Carbon credit trade rules approved, breaking lengthy deadlock

Draft decision on article 6 approved with no objections. UN climate chief Simon Stiell gave a moving speech at the Cop29 opening plenary on Monday, writes Dharna Noor, fossil fuels and climate ...

World - The Guardian - 4 days ago

28% of credit card users are still paying off last year's holiday debt. But that's an improvement

Americans tend to overspend during the holiday season. In fact, some shoppers are still paying off last year's purchases.

Business - CNBC - 3 days ago

Credit card debt hits record $1.17 trillion, New York Fed research shows

Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.

Business - CNBC - 2 days ago

Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases

Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Business - MarketWatch - 2 days ago

Credit card debt just hit a new high. Here's how to tackle yours now.

The total amount of credit card debt nationwide just keeps climbing. Here's how to get rid of your card debt now.

Still paying off last year's holiday debt? Here's what to do now.

If you haven't paid off last year's holiday credit card bills, use these strategies to tackle it now.

3 times you should pay off credit card debt collections (and 3 times you shouldn't)

Paying off collections debt can be a smart financial move, but it won't make sense in every scenario.

President Joe Biden has forgiven over $166 billion in student debt—see how much in each state

Fixes to existing forgiveness programs and a brief window under the new SAVE program allowed President Biden to forgiven $166 billion in student debt.

Business - CNBC - 17 hours ago

28% of credit card users are still paying off last year's holiday debt. How to get this season’s tab under control

Americans tend to overspend during the holiday shopping season and this year will be no different, experts say.

Business - CNBC - October 21

‘My father was a teetotaling, fair-minded, liberal-leaning capitalist’: And yet I allowed ‘friends’ to borrow $120K. How do I deal with the fallout?

“Of the original 10 I had earmarked for removal from my life, I’m still in contact with two.”

Business - MarketWatch - November 8

I inherited $200,000. One of my daughters is married with kids, but the other has debts. Do I split my windfall 50/50?

“She has incurred a lot of debt due to the financial strain of a sick pet, a car loan, student loans and an unpaid military home loan.”

Business - MarketWatch - 2 days ago

‘I’ve no interest in investing more money in the stock market’: I’m debt-free, retired and ignoring the ‘Trump bump.’ What should I do with $400,000?

“I already have $1.5 million in the stock market.”

Business - MarketWatch - 2 hours ago

‘She can’t even buy groceries or put gas in her car’: My friend’s husband died, leaving her with three young children, no job and $15,000 in credit-card debt

“She is planning to sell their house and should net between $75,000 and $100,000 on the sale of the property.”

Business - MarketWatch - October 21

‘I became very frugal’: My husband and I are 40. I have $200,000 in student debt, while he has $600,000 in retirement savings. Are we in trouble?

“Neither of us will have an inheritance and everything we have, we built together.”

Business - MarketWatch - November 5

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