US сredit card debt soars to $1.08 trillion, delinquencies rise too
Credit card debt in the US rose again in the Q3, as did the number of people missing payments. Credit card balances rose by $48 billion to a record high…
US debt payments soar to $1 trillion a year
At the end of last month, estimated annual interest payments on the US national debt surpassed $1 trillion, Bloomberg analysis shows. That amount has doubled over the past 19 months…
Buffett getting ready to scoop up tumbling market
Berkshire Hathaway Inc.’s cash holdings hit a record $157.2 billion, helped by both higher interest rates and a lack of meaningful deals in which billionaire investor Warren Buffett could put…
Germany seeks to invest in Nigeria’s natural gas
German Chancellor Olaf Scholz says his country is willing to invest in gas and critical minerals in Nigeria, as he started a two-day visit there. Scholz said on Sunday that…
Vanguard finalizes China exit
Vanguard Group Inc. is taking the final steps to pull out of China and shut its presence in the 29 trillion yuan ($4 trillion) mutual fund market. Apparently, Vanguard is…
Maersk to cut at least 10,000 jobs as earnings fall by 80%
A.P. Moller-Maersk A/S, a bellwether for global trade, fell in value after the company said it would cut at least 10,000 jobs to protect its profitability in a shipping market…