WASHINGTON: US leveraged-loan funds had their biggest-ever weekly outflow as investors dumped corporate debt across the board on concern that the tariff-spurred market turmoil will hit the economy. An estimated US$6.5bil was pulled from the funds in the week ended last Wednesday, according to data from LSEG Lipper, as prices on the risky debt hit
A number of major retailers have stopped taking cash in some or all of their stores, sparking backlash from a pro-cash campaign group, who say they are ‘letting down the public’ 09:44, 18 Mar 2025Updated 12:35, 19 Mar 2025 Martin Lewis warns of ‘risk’ of a cashless society A string of major businesses – including
A number of major retailers have stopped taking cash in some or all of their stores, sparking backlash from a pro-cash campaign group, who say they are ‘letting down the public’ 09:44, 18 Mar 2025Updated 15:26, 18 Mar 2025 Martin Lewis warns of ‘risk’ of a cashless society A string of major businesses – including
Will the U.S. Department of Education be disbanded by Trump Administration? This video examines the historical foundation of the U.S. Department of Education, its mission to promote equal access and accountability in education, and the conservative-driven debate over its future. The Trump administration’s proposed cuts to the U.S. Department of Education have raised question by
Some of President Donald Trump‘s recent education initiatives and tentative plans, including the potential dismantling of the Department of Education (DOE) and subsequent restructuring of student loan programs, reflect similar recommendations outlined in Project 2025, a conservative policy agenda he previously sought to distance himself from. Newsweek has reached out to the DOE and White
Michela Alloca, author of Own Your Career, has shared five things she doesn’t do with her money, including using a traditional savings account and a debit card What you don’t do with your money can be just as important as what you do with it (stock photo)(Image: Ippei Naoi via Getty Images) A savvy financial
For decades, credit rating agencies have unintentionally provided bond investors with an almost guaranteed way to turn a profit: When the firms demote companies from investment-grade, many money managers are forced to sell, because they have mandates forbidding them from owning junk debt. Such sales typically happen fast, pushing prices below those for bonds with
Open this photo in gallery: CI began its flurry of U.S. acquisitions at the end of 2019, when chief executive officer Kurt MacAlpine revealed a new strategy to build a U.S. wealth management company.Tijana Martin/The Globe and Mail After CI Financial Corp. CIX-T for the first time surpassed $500-billion in assets under management in its
Employers can now help borrowers pay off student debt Student loans have become a $1.8 trillion burden for millions of Americans. A new law signed by President Biden may help borrowers pay off their loans while saving for retirement. Bloomberg – Quicktake Did you wake up to an email on Friday stating your student loans
Joe Biden and Kamala Harris continue to march forward with debt forgiveness plans that they have no authority to implement. Millennials: Thousands in debt, little in the bank, yet loves vacations Millennials are struggling to stay financially afloat these days thanks to rising rent, and student loan debt. Buzz60 It’s the middle of August, which