debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Revolving Credit Jumped in April as Consumers Loaded Up on Card Debt
Revolving Credit Jumped in April as Consumers Loaded Up on Card Debt
June 06, 2025  |  Economy

The paydowns earlier this year were temporary. And as the latest consumer credit data from the Federal Reserve on Friday (June 6) indicated, consumers turned...

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Reports: xAI Launches $5 Billion Debt Sale and $300 Million Share Sale
Reports: xAI Launches $5 Billion Debt Sale and $300 Million Share Sale
June 02, 2025  |  Artificial Intelligence

Elon Musk’s artificial intelligence company, xAI, reportedly launched a $5 billion debt sale and a $300 million share sale. Get the Full Story Complete the...

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FICO Scores Come Under Scrutiny and Lenders Eye New Ways to Assess Risk
FICO Scores Come Under Scrutiny and Lenders Eye New Ways to Assess Risk
May 28, 2025  |  Alternative Finances

The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants,...

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JPMorgan Forecasts Rising Interest Income Despite Economic Uncertainty
JPMorgan Forecasts Rising Interest Income Despite Economic Uncertainty
May 19, 2025  |  Banking

America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. Get the Full Story Complete the form to unlock this article...

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Fed Data Shows Credit Card Balances Decline in Q1, but 90-Day Delinquencies Surge
Fed Data Shows Credit Card Balances Decline in Q1, but 90-Day Delinquencies Surge
May 13, 2025  |  Debt

The latest data on household debt from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down some of...

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Tame April Inflation Report May Be Calm Before the Tariff Price Hike Storm
Tame April Inflation Report May Be Calm Before the Tariff Price Hike Storm
May 09, 2025  |  Economy

On Tuesday (May 13), we may see what could arguably be the calm before a stormy sea of inflation driven by volatile tariffs. Get the...

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Saks Says Plan to Pay Past-Due Bills Improved Vendor Relationships
Saks Says Plan to Pay Past-Due Bills Improved Vendor Relationships
April 28, 2025  |  Retail

Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February...

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Fed Stability Report Warns About Risks From Private Credit and Stablecoins
Fed Stability Report Warns About Risks From Private Credit and Stablecoins
April 28, 2025  |  Economy

Trade and tariffs may be the dominant risks to banks and corporates, but in the Federal Reserve’s latest “Financial Stability Report,” nonbank firms, leveraged debt...

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IMF Says Tariffs Could Drive Up Global Public Debt
IMF Says Tariffs Could Drive Up Global Public Debt
April 23, 2025  |  Economy

The International Monetary Fund (IMF) said Wednesday (April 23) that the world’s governments should not let their support for those impacted by tariffs add to their...

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