debt

Regal Cinemas owner Cineworld, the world’s second-largest movie theater operator, is considering a rescue deal that could spur permanent UK cinema closures. The deal, dubbed “Company

Revlon’s embattled chairman Ron Perelman has reached a deal with corporate raider Carl Icahn to keep the cosmetics giant out of bankruptcy, The Post has learned. The terms of the deal

We must confront the reality that “cancellation” of student loan debt may successfully serve a political campaign promise, but it fails as serious policy. America’s polarized political system is ripe for radical ideas. Democratic political systems are based on the notion that politicians must find ways to appeal to voters. As the demographics of a …

Hudson’s Bay, the owner of luxury department store Saks Fifth Avenue, has ditched its plan to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, people familiar with the matter said Wednesday. The pulled bond offering highlights the perceived risk of lending …

Financial counselors have long stressed that the “miracle of compounding” becomes increasingly powerful the longer any funds are held. By delaying investing because of student loan debt, young people lose more than many realize. College students currently graduate with an average student loan debt of $30,000. At a 4 percent interest rate, monthly payments of …

The economic impact of the lockdowns and stay-at-home orders has upended many traditional jobs and industries, paving the way for agile entrepreneurs and creative startups to offer new products and services that people need and want. As coronavirus lockdowns have weakened the US economy this spring, causing business closures and layoffs, teenagers are particularly hard …

Remington Outdoor Company, one of America’s oldest gunmakers, has declared bankruptcy for the second time in about as many years with plans to sell its business. The 204-year-old firearms conglomerate continued to struggle with weak sales after a 2018 restructuring that slimmed down its hefty debt load and handed ownership to some of its creditors, …

There’s a battle brewing behind the scenes at beleaguered movie theater chain AMC Entertainment. A group of lenders led by Apollo Global Management is trying to dissuade AMC from taking a debt-restructuring offer from Silver Lake Group, proposing a competing deal that would carry the cinema chain through the pandemic, The Wall Street Journal said. …

According to the International Monetary Fund (IMF), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimulus plans will distort public finances in a way which we have not seen since World War …

Maybe “budget” wasn’t really the word they were looking for. How else to explain the face of bipartisan agreement to a two year “budget” deal that lifts the debt limit and increases federal spending by $300 billion. If that’s their idea of “budgeting”, let’s just be grateful they didn’t call the agreement “Splurge 2018”. This …