Bird filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday. In a release, Bird said it will use the bankruptcy proceeding to facilitate a sale of its assets, which it expects to complete […]
Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. […]
The Fed has now shed 29% of Treasuries it had added during pandemic QE starting in March 2020. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) continues on track, and the unwinding of the March […]
Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier […]
Authored by Duggan Flanakin via RealClear Wire, The modern American version of “the environmental emperor has no clothes” until now has been the rise and fall of Enron. As former Ken Lay speechwriter Robert Bradley, […]
12 Nov, 2023 05:17 HomeBusiness News The annual cost of government borrowing has doubled in the past 19 months US interest payments on its national debt are estimated to have surged above $1 trillion on […]
Decreasing spending power is signaling trouble for the economy, according to Chris Watling American consumers are facing challenging times, with household spending expected to cool further, Chris Watling, the chief executive of the financial advisory […]
Robust economic growth propelled earnings at the nation’s largest banks, but their executives warned the good times may be coming to an end. JPMorgan Chase JPM 1.50%increase; green up pointing triangle , Wells Fargo WFC 3.07%increase; green up pointing triangle and Citigroup C -0.24%decrease; […]
Authored by Michael Maharrey via SchiffGold.com, I write a lot about the national debt. And most people don’t care. That’s because there’s a widespread belief that the dollar is invincible. It isn’t… The prevailing attitude is […]
A US government shutdown would negatively affect the country’s credit, credit rating agency Moody’s has warned, one month after Fitch downgraded the United States by one notch on the back of a debt ceiling crisis. […]
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