Looming Debt Ceiling Crisis Awaits Congress As Treasury Warns of Possible Default in Months
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Fisker warns of possible ‘event of default’ following NYSE move to delist stock
The New York Stock Exchange on Monday said it would begin the delisting process for Fisker Inc. stock — a move the struggling electric-vehicle maker said would trigger an “event of default” on some of its convertible debt due next year.MarketWatch - 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 -
Larry Fink warns retirement crisis looms for ageing world population
BlackRock chief’s annual letter also embraces ‘energy pragmatism’ amid attacks over climate stanceFinancial Times - Business -
Eurozone Sovereign Spreads Could Widen on Higher Focus on Fundamentals
Higher-than-expected Italian and French budget deficits in 2023 and a heavy ratings calendar ahead will shift the focus to fundamentals of eurozone government bond issuers, potentially causing some yield spread widening later this year, Societe ...The Wall Street Journal - World -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
U.S. Warned About Possible Moscow Attack Before Concert Hall Shooting
Pro-Moscow forces had dismissed the alert as an attempt to scare Russians.The New York 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 -
Luis Rubiales faces possible 30-month jail sentence for Jenni Hermoso kiss
Spanish prosecutors issue two charges against RubialesThree others alleged to have coerced HermosoLuis Rubiales could face a prison sentence of two and a half years if convicted of kissing Jenni Hermoso on the lips against her will, court ...The Guardian - World -
BlackRock's Larry Fink says young people have a lot going for them, but retirement crisis looms
In an interview with CNBC's Jim Cramer, BlackRock CEO Larry Fink said he's hopeful about the younger generation.CNBC - Business -
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 -
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 -
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 -
US officials warn of increase in bacterial illnesses that can lead to meningitis and possibly death
U.S. health officials are warning of an increase in illnesses caused by a bacteria that can cause meningitis and possible deathABC News - Health -
Jayden Daniels pro day: Inside LSU QB's historic improvement and why teams are confident he'll hit his ceiling
The Heisman Trophy winner is only continuing to get betterCBS Sports - Sports -
EU probes Apple, Meta and Alphabet under landmark new law
Big Tech groups are the first to face full investigations under bloc’s Digital Markets ActFinancial Times - Business - European Union -
Illini ask 'why not us?' as defending champs await
Illinois outlasted Iowa State 72-69 on Thursday night and will take a "why not us" attitude into its Elite Eight matchup against defending champion UConn.ESPN - Sports -
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’s answer to Instagram makes first profit
Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last yearFinancial Times - World - China -
FirstFT: US and Japan plan upgrade to security alliance
Also in today’s newsletter, Moscow attack suspects appear in court and corporate insiders sell company sharesFinancial Times - World - Japan -
Cinderella Runs End for Oakland and Duquesne
As the Sweet 16 for the men’s N.C.A.A. tournament is finalized, the magic has run out for some underdog squads.The New York Times - Sports -
Comex Gold Settles 0.62% Higher at $2190.60, Record High
Gold prices climbed to a new record high.The Wall Street Journal - World -
Sam Bankman-Fried Awaits Sentencing Today for Defrauding FTX Investors
The dethroned crypto king's fall from grace will end with a lengthy prison sentence. Prosecutors are seeking a 40- to 50-year term.Inc. - Business - Crypto -
FTX Founder Sam Bankman-Fried Sentenced to 25 Years
The sentence for crimes connected to the collapse of the FTX crypto exchange caps the meteoric rise and fall of the onetime crypto king.The Wall Street Journal - World - Crypto -
Biden Demotes America to the 'Land of Possibilities'
Whereas ‘opportunity’ implies agency, he suggests we’re at the mercy of forces beyond our control.The Wall Street Journal - World - Joe Biden -
Comex Gold, Silver Settle Higher
Gold settled up 1.2% Thursday, and silver rose 0.7%. For the quarter, both metals posted gains.The Wall Street Journal - World -
America’s Affordable Housing Crisis
The housing crisis is likely to be solved in cities and states, not Washington.The New York Times - Top stories -
The Coming Electricity Crisis
Artificial-intelligence data centers and climate rules are pushing the power grid to what could become a breaking point.The Wall Street Journal - World -
The $27 Trillion Treasury Market Is Only Getting Bigger
More debt, different buyers and increased regulation pose challenges.The Wall Street Journal - World -
Eurozone Bond Yields Drift Lower, Liquidity Seen Light Ahead of Easter
Eurozone government bond yields were slightly lower in early trading, with investors awaiting fresh drivers in a week when market liquidity is likely to be light ahead of the Easter holidays.The Wall Street Journal - World -
Treasury staff worked at bank linked to China state
The Treasury says the secondment scheme deepens ties with Asia and boosts British business.BBC News - Top stories - China -
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 -
The Women’s Sweet 16 Is Set, and an Epic Rematch Is Looming
Iowa and L.S.U. could meet in the Elite Eight. But will both teams get there?The New York Times - Sports -
WSJ Letter Writers for Congress?
In appreciation of the everyday people from across the country who can succinctly summarize, defend or refute recent articles.The Wall Street Journal - World -
Abortion and America's Phony 'Pregnancy Crisis'
Contrary to the CDC’s claims, maternal mortality rates haven’t changed much since 1999.The Wall Street Journal - World - Abortion