The rate of corporate defaults for companies in the United States could soar if the economy tips into a “shallow recession,” S&P Global analysts warned on Monday. According to S&P Global Ratings, the default rate for American companies could reach 3.75 percent by September 2023 if the Federal Reserve’s hawkish policy of raising interest rates prompts a…

Personal loans provide fast, unsecured funds that can pay for anything from home repairs to medical emergencies. Instead of requiring collateral like a house or car, many lenders prefer applicants with strong credit and high incomes. But what if you don’t meet a lender’s requirements? People who don’t qualify for a personal loan have alternatives…

China could use its unconventional debt practices as an exercise of power against America and its partners, according to Bart Marcois, former U.S. deputy assistant secretary for policy and international affairs in the Department of Energy. “Let’s imagine that China increases its threats to Taiwan, for example. Let’s imagine that it actually attacks Taiwan. Any…

The Federal Reserve raised interest rates by 75 basis points during its September Federal Open Market Committee (FOMC) policy meeting. After four previous increases, the benchmark fed funds rate now stands in the 3.00 percent to 3.25 target range. Economists are anticipating two more rate hikes to finish 2022, but the size might depend on…

The Federal Reserve raised interest rates by 75 basis points during its September Federal Open Market Committee (FOMC) policy meeting. After four previous increases, the benchmark fed funds rate now stands in the 3.00 percent to 3.25 target range. Economists are anticipating two more rate hikes to finish 2022, but the size might depend on…

News Analysis The state of banks in China dominates concerns about the economy and global growth. With pictures of angry crowds outside banks and tanks on the street in one city to quell discontent about being unable to withdraw funds, it bears asking what the true state of Chinese banks is. Officially, Chinese banks are…

China is facing a growing mortgage strike. Unfinished homes and growing resentment toward banks and developers may be a ticking time bomb. For the Chinese regime, a third of the economy is on the line, with upward of $2 trillion in home loans. Meanwhile, the protest over what Chinese residents call “rotten tail buildings” reaches…

President Joe Biden is weighing his options on abortion, saying he’s considering declaring a national health emergency to promote abortion access. The U.S. government gave out $800 billion in PPP loans during the pandemic. A new study says that much of the money was poorly targeted and was sent to unintended recipients. U.S. Secretary of…

News Analysis As part of its global domination strategy, China has become one of the world’s largest lenders to the least developed nations, charging higher interest rates and demanding collateral in the form of ports, airports, minerals, and revenue streams. Foreign aid accounts for 1 percent of the $4.05 trillion U.S. federal budget, with half…

The British government has been accused of complacency when it came to handing out £47 billion ($59 billion) in loans to businesses affected by the COVID-19 pandemic. The Public Accounts Committee said in a report published on April 27 that the Department for Business, Energy, and Industrial Strategy (BEIS) had been “complacent” in preventing fraud…