Twitter Debt
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Twitter usage in US ‘fallen by a fifth’ since Elon Musk’s takeover
App users for social media site, rebranded as X, down by 23% since November 2022 according to Sensor Tower. Use of Twitter in the US has slumped by more than a fifth since Elon Musk bought the site and rebranded it to X, according to data from ...The Guardian - World - Elon Musk -
Is Garry Tan San Francisco’s ‘Twitter Menace’ or True Believer?
The deep pockets of the tech investor Garry Tan are valued by his allies, but his pugnacious online habits are creating plenty of enemies in the city he says he wants to save.The New York Times - Business - San Francisco -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
What is a good debt-to-income ratio?
Your debt-to-income (DTI) ratio is a deciding factor in loan approvals and terms. But what is a good DTI ratio?CBS News - Top stories -
China Evergrande Drops Debt Restructuring Applications in U.S.
The developer had sought a New York court’s approval last August to restructure more than $19 billion in offshore debt via Chapter 15 bankruptcy filings.The Wall Street Journal - World - China -
Atos Uncertain Over Its Future as Debts Rise
Atos warned of uncertainty about its ability to continue after its debt grew and its losses widened on an impairment charge.The Wall Street Journal - World -
Atos Uncertain Over Its Future as Debts Rise
Struggling French IT company Atos flagged concerns over its ability to continue after a mounting debt pile and deeper net loss compounded recent failures to shed assets.The Wall Street Journal - Business -
Tax Refunds Are Here and Destined for the Growing Pile of Debt
With credit-card debt at record levels and more households falling behind on loans, tax refunds are helping people make ends meet.The Wall Street Journal - World -
Singapore has lessons for countries worrying about debt
Tight fiscal rules can prevent the kind of investment which has helped the city state to thriveFinancial Times - World -
Charge of £90 to clear problem debt axed for poorest
Charities had warned some people struggling with debt could not afford to apply to clear it.BBC News - Top stories -
Biden Approves $5.8 Billion in Student Debt Cancellation for 78,000 Borrowers
The incremental relief brings the canceled total to $143.6 billion for nearly four million Americans.The New York Times - Business - Joe Biden -
Biden forgives $6 billion in student debt. Here's who qualifies.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.CBS News - Politics - Joe Biden -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
Kate Garraway: I have huge debts from husband's care
The GMB presenter says she had to pay £16,000 a month on care costs for her late husband Derek Draper.BBC News - Top stories -
Funeral inquiry firm faces wind up order over debt
Legacy Independent Funeral Directors "owes thousands of pounds" in unpaid burial and cremation fees.BBC News - Top stories -
3 ways to pay off $30,000 in credit card debt
That amount of card debt can be overwhelming, but there are ways to pay it off. Here are a few to consider.CBS News - Top stories -
Can I get my tax debt forgiven? 5 options to consider
If you owe back taxes, there may be ways to lower your IRS bill. Here's what to know now.CBS News - Top stories -
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China’s Vanke vows to cut debt by $14bn as property woes mount
Nationwide slowdown hit sales and profits halved last yearFinancial Times - World - China -
Millions of older adults with student debt are at risk of losing some Social Security benefits, lawmakers warn
Millions of older adults behind on their student loans could soon receive a smaller Social Security benefit.CNBC - Business -
Why an Up-and-Coming Wellness Brand Raised Debt Capital to Fuel Its Growth
Founder Shizu Okusa is growing her business profitably--and making the most of non-dilutive funding.Inc. - Business -
FirstFT: Larry Fink warns of looming ‘retirement crisis’
Also in today’s newsletter, latest on Baltimore bridge collapse, and Donald Trump’s inner circleFinancial Times - World -
Bond giant Pimco favours gilts over US Treasuries amid inflationary pressure
Fund manager projects Fed will cut interest rates more slowly than other central banksFinancial Times - Business -
Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds
Almost half of all voters say forgiving student loan debt is an important issue in the 2024 presidential and congressional elections, a new survey finds.CNBC - Business -
US faces Liz Truss-style market shock as debt soars, warns watchdog
Fiscal burden on ‘unprecedented’ path, says independent Congressional Budget Office headFinancial Times - Business - United Kingdom -
Retired grandmother still owes $108,000 in student debt 40 years after taking out loan
According to the U.S. Department of Education, 43 million Americans owe a collective $1.3 trillion in student loan debt.The Hill - Politics -
Here's how much credit card debt Americans have by age—and which generation owes the most
Collectively, Americans owe over $1 trillion on their credit cards. However, when you break down the numbers by age, one generation owes far more than the rest.CNBC - Business -
BlackRock’s Larry Fink is worried about ‘snowballing’ U.S. debt. Here’s how soon it could hit a record.
In his annual letter to BlackRock investors, the chairman and chief executive of the investment-management company said: “More leaders should pay attention to America’s snowballing debt.”MarketWatch - Business -
Budget watchdog warns US could suffer market shock over national debt
Congressional Budget Office (CBO) Director Phillip Swagel warned the United States could suffer a similar market shock as seen in the United Kingdom during former Prime Minister Liz Truss’s brief stint leading Britain, citing the nation's ...The Hill - Politics -
This Black Founder Is Bringing Top VC Investors With Him as He Tackles the Broken Consumer Debt Market
Braving a difficult fundraising climate for Black founders, Clerkie CEO and co-founder Guy Assad is on a mission to democratize financial health.Inc. - Business -
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’MarketWatch - Business - China