Western debt killed Sri Lanka. Others will fall too.
Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.
Some lenders and retailers have a pretty neat business model: You pay them before your wages ever hit your bank account. And sometimes they give you no choice.
Corporate optimism may seem at odds with the Fed’s grim determination to hold back the economy to get inflation down, but earnings tell a story that other data doesn’t.
As relations with the U.S. and Europe plummet, Beijing is beginning a new wave of diplomacy in Africa, where it dominates trade with resource-rich nations.
Women break into their savings to cover all kinds of expenses: home down payments, repairs, medical bills. That can hurt them years later.
When one country defaults, lenders start worrying that others will do the same.
An inversion of the bond market’s yield curve has preceded every U.S. recession for the past half century. It is happening again.
As the European Central Bank prepares to raise interest rates for the first time in more than a decade, the challenges for one of the bloc’s largest economies balloon again.
Tech workers took out loans based on the value of their start-up stock in recent years. That may come back to haunt them.
Central bankers raised rates by the most since 1994 last month, and minutes from the gathering explained their logic.
The country’s cryptocurrency paradise is a mirage.
An entire financial ecosystem surrounds the nation’s military installations. It’s a perilous landscape for young soldiers with little financial experience.
At the halfway point of the year, it’s been a historically horrible time for stocks. Bonds are in bad shape, too.
Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.
Rates on 30-year fixed mortgages track the yield on 10-year Treasury bonds, which are influenced by inflation and the Fed’s actions, among other things.
The Federal Reserve has the tools that it needs. Now it should use them.
Central bankers are waiting for signs that momentum in the economy is easing to a more sustainable level as they fight inflation.
Two centuries ago, Haitians revolted against their French masters and declared independence. But this freedom came at a price.
As stocks have tumbled this year, predictions that the selling is over have been wrong time and again.
Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Fed’s target.
The Biden administration plans to offer those with loans in default a fresh start. It would help borrowers and the government alike.
How did the modern world’s most successful slave revolt give birth to a desperately poor nation? Here is a summary of what a team of New York Times correspondents found out.
Canceling student debt won’t fix what’s wrong with higher education.
Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.
Readers ponder an impending horrible milestone. Also: Grief in our times; college debt; policies and public opinion; students’ letters.
The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.
America’s social mobility machine is broken.
Why raising interest rates here could lead to a lot of misery elsewhere.
Some advocates believe President Biden’s repeated extensions of the repayment pause, now set to end Aug. 31, could force his hand on loan forgiveness.
The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Financial infidelity destroys trust. It can deliver a serious blow to your post-career planning, too.
Gotabaya Rajapaksa is used to silencing and discrediting his political opponents. But that’s harder to do this time.
Xi Jinping’s rhetoric about redistributing wealth was aimed partly at drumming up public support. But it unnerved entrepreneurs and posed a drag on growth.
The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due.
A debt crisis is disrupting life across Sri Lanka, where food and fuel are suddenly either unavailable or exorbitantly priced. Protests are rising against a president with a reputation for brutality.
Why 2022 really isn’t much like 1980.
Soaring inflation and a rift with the military threaten Imran Khan’s tenure as prime minister. He has dismissed criticism as a foreign conspiracy.
Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.
American consumers already have high inflation. Because of the oil price shock and Russia’s war, the odds of a recession have increased, too.
The S&P 500 fluctuated, after earlier climbing more than 1.5 percent.
Rates on credit cards, savings accounts and different kinds of loans move when the Fed changes its benchmark rate. Here’s what you need to know.
Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.
Lawsuits from white farmers have blocked $4 billion of pandemic aid that was allocated to Black farmers in the American Rescue Plan.
Some consumer groups worry that buyers may not fully grasp what they’re giving up in these agreements.
The largest rental assistance effort in U.S. history is fundamentally flawed. Here’s how to fix it.
A bad forecast isn’t the same as an intellectual crisis.
Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Whether that endures is crucial to federal spending.
Responses to a focus group of independent voters. Also: President Biden and the economy; Boris Johnson; sanctions against Russia; debtors and lawyers.
A nonprofit has filed a lawsuit in New York, hoping to clear the way for volunteers to help people defend themselves against debt collection suits.