Debt

$75M loan tied to Gramercy Park Hotel sells to anonymous buyer

A $75 million loan tied to the Gramercy Park Hotel sold to an anonymous buyer. JPMorgan Chase sold the debt, which has a maximum principal amount of $75 million, to RDAC 8 LLC...
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Merkel aide floats long suspension to German debt rule

4 hours ago | Star Tribune

Chancellor Angela Merkel's chief of staff has floated the idea of Germany suspending rules to prevent the government running up new debt for several years as Europe's biggest...
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Consumer financial-hardship agreements slow but remain high

4 hours ago | Star Tribune

Credit reporting agency TransUnion has found that nearly 3% of common consumer debts were in financial-hardship status at the end of 2020, illustrating that many Americans are...
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Merkel Ally Wants More Debt Spending to Fund Pandemic Fight

6 hours ago | Bloomberg

Chancellor Angela Merkel's chief of staff proposed temporarily allowing expanded debt spending by Germany's federal government, prompting a swift rejection from officials in...
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What Happened to the Intern Revolution?

6 hours ago | The New Republic

“Do you think we'll ever use unpaid interns?” a friend once asked while we were being used as unpaid interns. It was 2011, in the thick of the long slog of the Great Recession...
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Wall Street shrugs at Washington's debt pileup

8 hours ago | Politico

Senior U.S. lawmakers are stressing out about mounting government debt as they resist President Joe Biden's $1.9 trillion plan to boost the economy through more direct checks...
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US-China investments are almost DOUBLE what the official figures show, report reveals

9 hours ago | RT

Total investments between the US and China are nearly twice as large as official numbers indicate, totaling $3.3 trillion in 2020, despite escalating tensions between the...
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Barnett secures $380M mezz financing for Central Park Tower

20 hours ago | The Real Deal New York

Gary Barnett landed $380 million in bridge financing for his $4 billion Central Park Tower supertall condo tower. Barnett's Extell Development raised the new capital in the...
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AMC raises $917 million to weather ‘dark coronavirus-impacted winter'

23 hours ago | Chicago Tribune

AMC Theatres, the world's largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday.
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“We're Going to Be Stunned by How Much Money He Makes”: Wall Street Looks to Donald Trump's Next Con

1 day ago | Vanity Fair

Trump doesn't need a media empire to make bank-turning just a fraction of his supporters into paid subscribers could net him the cash he needs to pay off millions in debt.
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Apple issues new warning: Keep your iPhone at least 6 inches away from your...

Apple is warning customers that its smartphones could interfere with medical devices. Read more ...

Biden to sign executive orders related to 'equity'

President Biden is slated to sign a series of executive actions revolving around "equity" policy on Tuesday, focusing on policing reform, prison reform and public housing. Read more ...

School creates scholarship for teacher who died due to COVID-19

The community was able to raise nearly $10,000 in honor of Jason Englert, who was a new teacher to the district. Read more ...

Ohio dog with spina bifida looking for forever home after getting stood up...

A 9-month-old puppy with spina bifida is still searching for his forever home after he got stood up by a potential adopter last week. Read more ...

Disney to change Jungle Cruise ride after years of criticism for racist...

Disney will be making changes to the Jungle Cruise ride after years of complaints about racism. Read more ...

1 dead, several critically injured after tornado in Alabama

The damage is being evaluated to determine the strength of the tornado, the National Weather Service in Birmingham said. Read more ...

McConnell, Schumer inch closer to power-sharing deal after Dems back filibuster

Talks between the top Senate Democrats and Republicans on a power-sharing agreement will move forward after a major sticking point in negotiations was resolved, Minority Leader... Read more ...

Twitter PERMANENTLY bans Trump-supporting MyPillow CEO for ‘repeated'...

MyPillow CEO Mike Lindell has been kicked off Twitter for multiple violations of the platform's civic integrity policy. The outspoken Trump supporter has been vocal about his... Read more ...

Biden to issue executive orders promoting racial equity

President Joe Biden on Tuesday is unveiling an additional slate of executive actions to promote racial equity, a move to fulfill a key campaign promise that he made during the... Read more ...

'I still have trouble with it': One year on, Lakers stars struggle to come...

One year on from the tragic helicopter crash that took Kobe Bryant, along with his daughter Gianna and seven others, those inside the Lakers organization still acutely feel the... Read more ...