More Subprime Borrowers Are Missing Loan Payments

More Subprime Borrowers Are Missing Loan Payments

Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the US is coming to an end. The share of subprime credit cards and personal loans that are at least 60 days late is rising faster … Read more

Does Erdogan’s Turkey Belong in NATO?

Turkish President Recep Tayyip Erdogan holds a news conference during a NATO summit in Brussels, June 14, 2021. Photo: YVES HERMAN / REUTERS Every member of the North Atlantic Treaty Organization has enthusiastically welcomed Finland and Sweden except one: Turkey, which on Wednesday blocked an early vote to begin accession talks. For reasons that are … Read more

Elon Musk’s Twitter Bot Problem Is Fake News

With his professed concern about fake accounts on Twitter, TWTR -4.12% Elon Musk appears to be grasping at legal straws in an attempt to back out of his commitment to buy the social networking company for $ 54.20 a share, or at least to pay less for it. But his gambit has shined a light … Read more

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors U.S. admitted Tuesday that it lacked internal … Read more

What Southeast Asia Wants From America

President Biden welcomes leaders of several Asean member states to the White House, May 12. Photo: Adam Schultz / White House / Zuma Press The Biden administration rolled out the red carpet last week for leaders of eight of the 10 members of the Association of Southeast Asian Nations. Hosting what the White House described … Read more

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors U.S. admitted Tuesday that it lacked internal … Read more

US COVID cases at highest levels since November, while Northeast and Midwest are above delta peak

COVID cases continued to rise across the US on Monday and were trending at the highest levels seen since late November around the time that South African scientists first identified the highly transmissible omicron variant which quickly became dominant around the world. Sine then, the BA.2 variant of omicron, and two other subvariants named BA.2.12 … Read more

US COVID cases at highest levels since November, while Northeast and Midwest are above delta peak

COVID cases continued to rise across the US on Monday and were trending at the highest levels seen since late November around the time that South African scientists first identified the highly transmissible omicron variant which quickly became dominant around the world. Sine then, the BA.2 variant of omicron, and two other subvariants named BA.2.12 … Read more