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FCC approves Gulf sovereign wealth funds to buy into Paramount

Paramount Global received approval Thursday from the Federal Communications Commission for three Middle Eastern sovereign wealth funds to hold 49.5% of its equity in connection with its proposed acquisition of Warner Bros. Discovery. The FCC’s Media Bureau granted the declaratory ruling, which…
Editorial News

Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market. Scott Bessent,…
Educational News

The 500 colleges where former students aren’t repaying their loans, and why

Five-hundred colleges and universities in the U.S. now share one alarming distinction: At least 40% of recent students who borrowed federal loans aren’t paying them back. That’s according to the latest federal nonpayment-rate data published by the U.S. Education Department. The data…
Bankruptcy News

Kennedy Center says it’s on the brink of bankruptcy, might close as early as Tuesday

On Sunday evening, the Washington Post reported that the Kennedy Center administration told its board that the arts institution is on the brink of bankruptcy — and that it might be forced to close as soon as Tuesday. Both the majority of the…
Government News

Treasury Department to buy back up to $6 billion in longer-term debt, triple the normal level

The Treasury Department on Wednesday said it will buy back up to $6 billion of government debt in an operation aimed at keeping bond markets functioning. The much-anticipated announcement triples the normal buyback operation and follows a statement Aug. 19…
Educational News

‘I owe £70k repayments on £42k student loan’

A solicitor from Brighton says her £600-a-month student loan repayments remain “huge” despite paying back tens of thousands of pounds and it’s “unfair” she will continue accruing interest while on maternity leave. Polly Fletcher borrowed £42,000 to fund her degree,…
Editorial News

America can’t grow its way out of its debt problem

The US economy is staring down the barrel of $40 trillion in debt, bond yields on the cusp of a 19-year high and a costly war driving inflation higher. The Trump administration has a novel solution: We’ll just grow our…
Legal News

Bank of America CEO says the consumer remains resilient despite rising gas prices

Bank of America CEO Brian Moynihan said on Wednesday the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices. “Consumers spent in the month of August about 4% more than they spent last August,” Moynihan said on CNBC’s “Mad…
Bankruptcy News

AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite

ept 14 (Reuters) – Latvia’s airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as it seeks to restructure its debt ​pile and survive a deepening sector-wide crisis brought…
Government News

Washington, D.C. medical debt law banning credit reporting and restricting collections takes effect

On August 20, the District of Columbia’s Medical Debt Mitigation Amendment Act of 2026 (B26-0438) became law without the Mayor’s signature after the D.C. Council passed the bill unanimously. In relevant part, the law prohibits health care providers and debt collectors from reporting medical…