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U.S. household debt rises to $13.3 trillion in second quarter

Americans' borrowing reached $13.29 trillion in the second quarter, up $454 billion from a year ago, marking a 16th consecutive quarter of increases, a New York Federal Reserve report released on Tuesday showed......»»

Category: topSource: moneycentralAug 14th, 2018

Household debt now 19% above crisis low after 16th straight gain

Household debt grew for the 16th consecutive quarter in the April-to-June period, rising by 0.6%, or $82 billion, to $13.29 trillion, the New York Fed reported Tuesday. Overall household debt is now 19.2% above the post-financial-crisis trough. Th.....»»

Category: topSource: marketwatchAug 14th, 2018

Americans" household debt edges up to $13.21 trillion

U.S. household debt grew by $63 billion, or 0.5 percent, to $13.21 trillion in the first quarter, driven largely by the increase in mortgage balances, a New York Federal Reserve quarterly report released on Thursday showed......»»

Category: topSource: moneycentralMay 17th, 2018

Malaysia has axed $22 billion of Chinese-backed projects, in a blow to China"s grand plan to dominate world trade

How Hwee Young/Getty Mahathir Mohamad has cancelled two major Chinese-funded projects to avoid his country going into further debt. The projects were a $20 billion rail link and two gas pipelines worth $2.3 billi.....»»

Category: topSource: businessinsider18 hr. 36 min. ago

How Publishers Clearing House makes $1 billion a year

Publishers Clearing House became a household name thanks to its signature TV commercials featuring regular Americans rec.....»»

Category: topSource: moneycentralAug 20th, 2018

PepsiCo, Inc. (NASDAQ:PEP) to buy SodaStream for $3.2 billion

PepsiCo, Inc. (NASDAQ:PEP) to buy SodaStream for $3.2 billion PepsiCo, Inc. (NYSE:PEP) owns a slew of massive product brands that are household names at a global scale. In fact, it’s got 22 differ.....»»

Category: topSource: livetradingnewsAug 20th, 2018

PepsiCo to buy Israel"s SodaStream in $3.2 billion deal

PepsiCo Inc said on Monday it would buy Israel-based Sodastream , which makes fizzy drink-making household devices, in a deal valued at $3.2 billion......»»

Category: topSource: reutersAug 20th, 2018

Roper Technologies (ROP) Prices $1.5B Senior Notes Offering

Roper Technologies (ROP) is set to raise funds through $1.5-billion offering of senior unsecured notes. The raised amount is going to be used for debt repayment and general corporate purposes. Roper Technologies, Inc. ROP, on Aug 14, pri.....»»

Category: worldSource: nytAug 16th, 2018

Chart Of The Day: Australia"s Record Household Debt Is A Ticking Time Bomb

The Australian household debt to i.....»»

Category: blogSource: zerohedgeAug 15th, 2018

16 Billion Reasons Why Turkey"s Currency Crisis Will Become A Debt Crisis

Earlier this week, when the T.....»»

Category: blogSource: zerohedgeAug 15th, 2018

Florida"s debt reduction called "sea change"

Florida has reduced debt that helps finance initiatives like roads, schools and environmental projects by more than $7 billion over the past eight years, according to a new report from the state Division of Bond Finance. The debt amount dropped fr.....»»

Category: topSource: bizjournalsAug 15th, 2018

Report shows credit reporting changes boosted consumer credit scores slightly

Changes in required credit reporting have had a slight positive impact on consumer credit scores, a new report finds. Included in the Household Debt and Credit Quarterly Report by the Federal Reserve Bank of New York was a look at how the National C.....»»

Category: topSource: bizjournalsAug 15th, 2018

US Household Debt Hits Record $13.3 Trillion

Total household deb.....»»

Category: blogSource: zerohedgeAug 14th, 2018

Diamondback Energy agrees to buy Energen Corp. in $9.2 billion all-stock deal

Diamondback Energy Inc. has agreed to buy Energen Corp. in an all-stock deal valued at about $9.2 billion, including Energen's net debt of $830 million as of June, the companies said late Tuesday. Under the ter.....»»

Category: topSource: marketwatchAug 14th, 2018

Household Borrowing Reaches Record $13.3 Trillion

Gradually rising interest rates have yet to dent Americans’ appetite for borrowing, with the total stock of new debt climbing to $13.3 trillion in the second quarter......»»

Category: smallbizSource: wsjAug 14th, 2018

U.S. stocks add to gains in late-morning trade amid report on household debt

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchAug 14th, 2018

Social Unrest Breaks Out In China After "Panic" Bank Run On Peer-2-Peer Lenders

One week ago, when discussing the "source of China's next debt crisis", namely the recent explosion in Chinese household debt which over the past year has soared by over 40% even as credit growth across other debt categories .....»»

Category: blogSource: zerohedgeAug 12th, 2018

WeWork Raises $1 Billion in Debt From SoftBank as Revenue Doubles

WeWork on Thursday disclosed it raised another $1 billion in funding from SoftBank, as the shared-office company continues its rapid growth by doubling revenue but piling up losses......»»

Category: smallbizSource: wsjAug 9th, 2018

GE to Sell Energy Debt Finance Business

General Electric has struck a deal to sell another part of GE Capital, this time selling its energy debt financing business to Starwood Property Trust for $2.56 billion......»»

Category: smallbizSource: wsjAug 8th, 2018

Musk plan to privatize Tesla pushes $2.3 billion of debt above conversion price

Elon Musk's suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief......»»

Category: topSource: reutersAug 7th, 2018