Looming Global Debt Crisis
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Radical change looms for Japanese legal sector
Advisers are braced for more domestic businesses to become targets for unsolicited takeoversFinancial Times - World - Japan -
Your Money: Managing Your Debt
How to make a plan for tackling your debt, improving your credit score and feel like the money you owe isn’t controlling you.The New York Times - Top stories -
‘Shadow of segregation looms’ on 70th anniversary of Brown v. Board
Rep. Al Green (D-Texas) was only 7 when the Supreme Court ruled in the Brown v. Board of Education case that separate but equal was unconstitutional. Before that, though, Green rode the bus from Fort Walton Beach, Fla., to Crestview, Fla., to go ...The Hill - Politics -
Janet Yellen's Risky Debt-Management Business
Her overreliance on short-term borrowing sets taxpayers up for a painful economic reckoning.The Wall Street Journal - World -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
As American global hegemony ends, multi-alignment rises
Unlike the rigid alliances of the Cold War, multi-alignment involves a strategic flexibility that empowers nations to navigate the complexities of a multipolar world.The Hill - Politics -
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."CNBC - Business -
Media giants lean on sports as Hollywood strikes still loom over content slates
Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.CNBC - Business -
Gen Z knows it has a debt problem — and it’s getting help
“Instead of suffering in silence or going purely self-help,” younger people in debt “are looking into their options and talking to people,” one expert said.MarketWatch - Business -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - World -
CoreWeave Raises $7.5 Billion in Debt for AI Computing Push
The deal is one of the largest-ever private debt financings.The Wall Street Journal - Tech -
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
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Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Crypto Lender Genesis Global Gets Wind-Down Plan Approved
A bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency lender before its bankruptcy filing.The Wall Street Journal - World - Crypto -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - 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 -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can anyone help me?
“I’m current with all my bills but barely make minimum payments.”MarketWatch - Business -
Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that
Americans are looking forward to traveling this summer, but some won't pay off their credit cards. Here's how to lower costs and avoid summertime debt.CNBC - Business -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
Experts say coral reef bleaching near record level globally because of 'crazy' ocean heat
Scientists say temperatures that have gone “crazy haywire” hot, especially in the Atlantic, are close to making the current global coral bleaching event the worst in historyABC News - Tech