Tag Archives: debt

Occidental offloads chemicals unit in $9.7 billion deal with Berkshire to cut debt  Reuters Warren Buffett’s Berkshire Hathaway set to make its biggest deal in three years  CNN Buffett faces off against himself in Occidental carve-up  Financial Times Berkshire buys OxyChem, EV sales hit records, Amazon’s grocery push and more in Morning Squawk  CNBC Buffett’s Berkshire Is Making Its Biggest Acquisition in Years—What You …

Major auto parts maker First Brands Group, LLC. filed for bankruptcy protection over the weekend — revealing billions of mounting debt in the process. The auto parts manufacturing company filed for bankruptcy Sunday, Sept. 28, after disclosing more than $10 billion in liabilities, court filings show. Bloomberg described the filing as “capping weeks of turmoil sparked by creditor concern over …

On Wednesday, American customs officials revealed that they will block the import of bicycles manufactured in Taiwan by Giant Bicycles after a US Customs and Border Protection (CBP) investigation “that reasonably indicates forced labour use”. The CBP alleges that it has identified five ‘forced labour indications’ during an investigation of Giant, including debt bondage, where a person is forced to …

President Trump has touted a range of unusual ways to bring America’s national debt into check: Charging millionaire immigrants for ‘gold card’ visas, his tariff regime, and the creation of the Department of Government Efficiency. But it’s not enough to convince Jamie Dimon that a debt crisis of America’s own making isn’t coming down the line. Dimon, the CEO of …

The soaring cost of cars and insurance is pushing millions of Americans to the financial brink — and Wall Street is worried it could be the spark for the next recession. Drivers owe $1.66trillion in car loans — a bigger burden than federal student loan debt or credit cards, and up 20 percent since 2020. At the same time, years …

On a spectrum of opinion about America’s national debt, Ray Dalio comes down on the end of “crisis.” The Bridgewater Associates founder has long warned America’s fiscal trajectory is on a dangerous path owing to its $37.5 trillion national debt—with additional interest payments of $1.13 trillion for the 2025 fiscal year to date. But Dalio, speaking at the Future China …

NEW YORK, NEW YORK – MAY 22: Ray Dalio, Founder and CIO Mentor, Bridgewater Associates speaks onstage during The Wall Street Journal’s 2024 The Future Of Everything Festival at Spring Studios on May 22, 2024 in New York City. Dia Dipasupil | Getty Images Entertainment | Getty Images Bridgewater founder Ray Dalio said Friday that gold and non-fiat currencies will …

Ray Dalio Says US Monetary Order Is at Risk as Debt Mounts  Bloomberg.com Ray Dalio: We’re Heading Into Very, Very Dark Times! America & The UK’s Decline Is Coming!  Black Country Radio Billionaire Warns Rising Inequality Is Turning America Into Autocratic State  MSN Ray Dalio Warns: Wealth Gaps Fuel Extreme Policies. Are Your Investments at Political Risk?  Investopedia “More than conceivable” that US could …

How government debt stress could roll across world markets  Reuters Why the bond ‘rout’ might not be what it seems  Financial Times Economic and financial risk insights: global bond yield curves steepen  Swiss Re Global debt surpasses $100 trillion, expert warns of ‘quagmire’  조선일보 Fiscal Guardrails: Global Debt Levels and Looming Government Spending Pressures  American Enterprise Institute Source link

Subprime Auto Lender Collapse Delivers Blow to Risky Debt Market  Bloomberg.com Federal Prosecutors Looking Into Fraud Allegations at Tricolor  Bloomberg.com Car lender’s failure hints at what’s under the hood in private credit  Financial Times D-FW auto lender, dealer files for bankruptcy amid fraud allegations from major bank  Dallas News Fifth Third to Incur $170-$200M Charge in Q3 on Loan Fraud Exposure  Yahoo Finance Source link