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Gold is the 'Last Safe Haven'
What $35 trillion in US national debt means for Americans
With the national debt standing at more than $35 trillion, economists fear that the country's debt load will only grow.
Bank of America: Gold is the 'Last Safe Haven' Amid Rising U.S. National Debt
Bank of America warns that gold may be the last true safe haven as the U.S. national debt climbs to unprecedented levels, casting doubt on the stability of traditional assets like Treasury bonds.
Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says
Bank of America strategists see 11% upside for gold by the end of next year as the Treasurys are threatened by soaring US debt levels.
Gold Could Reach $3,000 By 2025, Bank Of America Analyst Says: 'Ultimate Perceived Safe Haven'
Bank of America released a bullish note on gold Thursday, just as the precious metal reached new record highs at $2,696 per ounce (oz). Gold remains “the ultimate perceived safe haven asset” in today's macroeconomic environment,
2d
on MSN
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the ...
8h
on MSN
Big banks are bracing for losses as Americans struggle to pay off debt
Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, and commercial real estate ...
MarketWatch
2h
America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?
The kids might not be alright. That’s been a growing source of worry for Wall Street investors in consumer
debt
, even as ...
1h
Treasury’s Frost Says Buybacks Improve Liquidity in Older Bonds
The US Treasury debt buybacks that began in late May have begun to improve liquidity in the market for older notes and bonds, ...
Government Executive
1h
Biden administration forgives $4.5B in student debt for public service workers
The president said that more than 1 million public servants to date have had their federal student debt canceled.
4d
US forgives another $4.5 billion in student debt relief. How much do Floridians owe?
President Joe Biden announced another $4.5 billion in forgiven student debt for public service workers who have been paying ...
4d
on MSN
60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court
The latest student-loan forgiveness announcement brings the total number of borrowers approved for relief through PSLF to 1 ...
4h
Spotlight on America | What's driving record levels of credit card debt
Spotlight on America correspondent Angie Moreschi looks at what’s driving that debt and who is most impacted this Thursday on ...
5d
on MSN
Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt
Brian Moynihan’s warnings over the national debt may be falling on deaf ears, but that isn’t going to stop the Bank of ...
3d
Sweden’s Intrum Plans to File for Chapter 11 in US
Swedish debt collector Intrum AB expects to file for Chapter 11 bankruptcy protection in the US next month as it seeks to ...
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