debt

SkyBridge Capital founder Anthony Scaramucci is known for his bullish take on cryptocurrencies like Bitcoin (CRYPTO: BTC), which could be a hedge against inflation. In an exclusive Benzinga interview, Scaramucci shared his thoughts on the Federal Reserve and inflation. What Happened: Scaramucci is...

If you spend any time watching TV these days, you’ve probably heard pundits claiming that the economy is just fine. You may have heard that inflation and unemployment are down, home prices and the stock market are up, and that everything is rosy.  Unfortunately, that’s just not...

To gain an edge, this is what you need to know today. Hedge Funds Win Please click here for a chart of iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Note the following: The chart shows that the long bond ETF has fallen to the top band of the support zone. Bonds trade...

A promotional rate on a credit card is appealing to anyone. But if you’re trying to pay off debt, benefiting from no interest for 12 to 18 months can give you time to get your financial house in order. Credit card debt is at an all-time high and rising. Americans collectively owe $1...

According to the U.S. Treasury's fiscal data, the country's total public debt hit $32.659 trillion on July 27, an increase of $392.75 billion compared to last month.  The Federal Reserve Bank of St. Louis said that the surge has brought America's quarterly interest payments on its...

Capital One Financial Corp (NYSE:COF) is slated to issue its second-quarter earnings report on Thursday after the market closes. Investors will use Capital One's earnings print as a way to gauge the health of the U.S. consumer economy, using indicators like the provision for credit losses and net...

Peter Brandt, a prominent trader and author, on Wednesday, proposed a radical idea for student debt forgiveness, suggesting that colleges and universities should bear a significant portion of the burden. What Happened: Brandt, in a tweet, argued that institutions of higher education should be...

Former Goldman Sachs Group Inc (NYSE: GS) hedge fund executive Raoul Pal says the macro backdrop suggests that a crisis is coming and that the Federal Reserve will have little choice but to introduce bailout packages. What Happened: In an interview with...

Seasoned investor and co-founder of Soros Fund Management Jim Rogers has offered a gloomy outlook for the U.S., warning about the country's growing debt burden.  What Happened: In an interview with Sputnik International earlier this month, Rogers said that the...

The cost of managing U.S. government debt has seen a significant rise of 25% in the first nine months of the fiscal year, hitting $652 billion and consequently exacerbating the federal deficit. The federal deficit reached a staggering $1.39 trillion for the nine months through June, according to...

One of the most well-known investors of all time is seeing his recent investment activity called out by a more recent well-known investor. Are the comments praise or an attempt to take on his legacy? What Happened: Legendary investor and Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren...

Ray Dalio, founder of the world’s biggest hedge fund, says the U.S. is going to issue a large amount of government debt and there is a shortage of buyers. He calls this the beginning of “big cycle debt crisis”. Market Prices as of 4 pm EST, 6/7/23 Macro The Bank of Canada (BoC)...

Some elements of this story were previously reported by Benzinga, and it has been updated. President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday about raising the U.S. debt limit. Republicans and the Biden government are battling over spending cuts, which GOP...

On January 19, 2023, the U.S. federal government hit its $31.38 trillion debt ceiling and has since been unable to borrow more money. To get by, the U.S. Treasury has resorted to “extraordinary measures” (including redeeming investments from government pension funds) to continue funding...

The Treasury Department's measures to help keep the government's bills paid have declined to $88 billion from $110 billion just a week ago.  The department said in a recent statement that just over a quarter of the $333 billion of authorized measures are still available to...