debt

Renowned economist and market commentator Peter Schiff labeled Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, as the riskiest asset on Tuesday. What Happened:  Schiff took to X to voice his concerns about the leading digital asset, stating, “There is no riskier asset...

Financial analyst Jim Cramer endorsed owning cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) as a safeguard against government overspending and an ever-increasing deficit. What Happened: Cramer defended his pro-cryptocurrency stance, stating that the concerns over national...

Americans are racking up debt and having a difficult time paying it off. The 30 or more day delinquency rate for Discover Financial Services (NYSE:DFS) ticked up slightly in October from 3.84% to 3.87%. This is slightly lower than the Riverwoods, Illinois-based company’s yearly high of 4.02...

Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, believed President-elect Donald Trump's policies would weaken the dollar, driving up the value of scarcer assets like Bitcoin (CRYPTO: BTC) significantly. What happened: In a blog post titled "Black or White," published Tuesday, Hayes...

Credit card debt is a common financial burden, but billionaire entrepreneur Mark Cuban says it could be the very thing stopping people from building wealth. Interestingly, Cuban isn't alone in his stance on credit card use. Other financial icons like Warren Buffett and Dave Ramsey have also...

Online furniture retailer Wayfair Inc. (NYSE:W) said on Monday that it is offering $700 million in secured notes to repay some of its debt, joining other companies’ run to the debt markets less than a week after the Federal Reserve cut interest rates for the first time in four years. The Fed...

In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. (NYSE:BLK) strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock noted concerns about the...

Robert Kiyosaki, the renowned financial educator and the author of the best-selling book Rich Dad, Poor Dad, recently expressed his concerns over the escalating U.S. debt. What Happened: In a series of posts on X last week, Kiyosaki warned about the growing $35 trillion U.S. debt, calling it...

The past week was a whirlwind of economic debates and political finger-pointing. From the 2024 election debate to the ongoing inflation concerns, the economic landscape of the United States was under intense scrutiny. Here’s a quick recap of the top stories that made headlines. Harris Vs....

Bitcoin prices recently saw a near 6% dip as Mt. Gox began issuing long-overdue payments to its creditors, marking a crucial moment in resolving one of the most infamous events in cryptocurrency history. Mt. Gox, once the largest cryptocurrency exchange globally, filed for bankruptcy in 2014...

U.S. consumers are certainly pulling out their credit cards to pay for goods and services, federal data has shown. The total outstanding credit card balance rose $11.3 billion to nearly $5.07 trillion in May, beating April’s jump by $4.8 billion, according to data released by the Federal...

Recent court filings reveal that the estate of pop legend Michael Jackson was in debt to the tune of over $500 million at the time of his death in 2009. What Happened: Documents filed in Los Angeles on June 21 and later obtained by People magazine last week showed that Jackson owed this massive sum...

Donald Trump aims to attract Wall Street donors with promises of new tax cuts next year. However, there are concerns about adding to the national debt due to the potential $4.6 trillion price tag attached to extending his 2017 tax cuts, reported Bloomberg. Despite the projection, many Republicans...

The cost of groceries in the U.S. has reached such heights that many Americans are resorting to debt to keep their kitchens stocked. This trend is causing financial instability for many households. What Happened: A study conducted by the Urban Institute revealed that the rising prices of groceries...

Reddit users are increasingly predicting an economic collapse in the U.S., with some even preparing for a scenario similar to the Soviet Union’s demise after the Cold War. The growing concern is being fueled by factors such as inflation, debt, and job market instability. What Happened: A...