debt

Stablecoin Issuers Have $80 Billion in Short-Term US Government Debt

Stablecoin Issuers Have $80 Billion in Short-Term US Government Debt

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Stablecoin issuers like Tether and Circle now have $80 billion in short-term US government debt, highlighting the growing role of digital asset players in traditional financial markets. Tether and his colleagues accounted for 2 percent of the Treasury bill market — debt instruments often used as cash equivalents on corporate balance sheets — in May, …

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Federal Trade Commission sends more than $822,000 in refund checks to 14,500 student loan borrowers scammed in debt scam

Federal Trade Commission sends more than $822,000 in refund checks to 14,500 student loan borrowers scammed in debt scam

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Srdjanpav | E+ | Getty Images The Federal Trade Commission announced this week that it would send thousands of checks totaling more than $822,000 to student loan borrowers who lost money in a debt relief scam. More than 14,500 consumers who paid money to a company called Student Advocates will receive a check, which the …

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Has the Fed 'Misinterpreted' Stock Market Again? What strategists say about the reaction to the July minutes

Has the Fed ‘Misinterpreted’ Stock Market Again? What strategists say about the reaction to the July minutes

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Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …

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