The Donald Trump administration is reportedly hatching a plan to hire private debt collectors to go after Americans who have defaulted on their federal student loans, the Washington Sun reported Monday. The US Treasury Department seal in Washington, DC on Thursday, August 20. (Bloomberg) A Reuters-Ipsos poll published on the same day showed that Trump’s … Read more
US chip stocks fell on Thursday as concerns over inflation and rising debt costs increased. Investors worried that higher inflation could lead to expensive borrowing, especially for companies spending heavily on artificial intelligence (AI) infrastructure. The concerns deepened the ongoing sell-off in chip stocks. Chip stocks fall as AI debt concerns and competition weigh on … Read more
CoreWeave shares continued to fall on Thursday after a sharp drop on Wednesday. The stock of AI computing company CoreWeave (CRWV) plunged 15% on Wednesday and fell another 6% in pre-market trading on Thursday, extending a difficult week for the company. CoreWeave shares fall as AI slowdown fears and debt concerns weigh on investors. Investors … Read more
Getty Images has secured support for a major debt restructuring deal. The visual-content company said on Monday that its major creditors and investors had agreed to support a plan to reduce its debt, raise fresh money and take the company private. Getty Images plans to go private under a debt restructuring deal. (Unsplash) The company … Read more
An ed-tech entrepreneur said Indian students should not come to the US for their master’s. An ed-tech entrepreneur shared his view of the job market for Indian students in the US after they complete higher studies at US colleges or universities and said Indian students should not come to the US for their master’s. Dhaval … Read more
An Ohio farmer facing $1 million (£750,000) in medical bills had to sell land and farm machinery from his family farm after local officials blocked a solar energy project on his property. Wayne Greier, a sixth-generation farmer in Mahoning County, Ohio, planned to lease 600 acres of his farmland to a solar development company in … Read more
Before dying from stage four ovarian cancer at age 38, New York mother Casey McIntyre arranged a final message that turned her personal loss into financial relief for tens of thousands of strangers across the United States. By December 2024, the viral memorial campaign created in her honor had raised millions of dollars. The money … Read more
US debt has reached $40 trillion, while Treasury yields are rising sharply, adding to concerns about the country’s debt outlook. Higher yields mean the US government has to pay more interest when it borrows money, putting additional pressure on the federal budget. US debt hits $40 trillion as Treasury yields rise and interest costs grow. … Read more
On a 160-acre farm in central Iowa, three tall wind turbines quietly rise above the fields. Each turbine uses less than an acre of land, but together they provide an annual income that has changed the financial future of 75-year-old farmer Evie Haupt. According to a CBS News report by Janet Shamlian and Alicia Hastey, … Read more
31-year-old mother revealed how an ambitious personal challenge turned into a social media movement involving thousands of strangers. For 45 days, Erika Dison carried a secret that could change her family’s financial future. While her husband, Cody, continued their everyday life in central Arkansas, she was quietly working to erase every dollar of their $67,676.60 … Read more