[3520359] The views expressed represent the investment team’s assessment of the market environment as of May 2024, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice. This market commentary has been prepared for…
Independent MP Monique Ryan is demanding the Federal Government take urgent action to help people still paying off debt more than 20 years after a controversial student loan scheme was scrapped. Under the Student Financial Supplement Scheme (SFSS) that began in 1993, hundreds of thousands of young people were induced to trade in their welfare…
Prosperous beginnings Sustainable Foods has been operating since 2018 when the company developed a range of plant-based alternative meat products under the brand plan*t. Products included plant-based chicken, sausages, mince and burger patties, using hemp as a main ingredient. The company was successful in its crowdfunding campaign in 2022, raising $2.28m to drive business growth…
Bruno Mars has apparently run into a huge debt with MGM Casino. The Grammy-winning crooner entered a multi-year residency agreement with MGM Resorts International back in 2016, entailing performances at the Park MGM resort in Las Vegas. However, recent reports suggest a possible strain in the relationship between the 38-year-old artist and the hospitality giant,…
The Australian fashion label Dion Lee has called in the administrators in a major blow to the eponymous brand that has dressed celebrities such as Taylor Swift, Dua Lipa, the Duchess of Sussex and Troye Sivan. The move came after the Australian retail chain Cue announced it had withdrawn its investment in the designer apparel.…
Baseball superstar Shohei Ohtani’s debut for the Los Angeles Dodgers on Wednesday was spoiled by one of the highest-profile gambling scandals in recent history: the revelation of $4.5 million he allegedly paid to an illegal California bookie to cover his translator’s sports-betting debts. While investigating an illegal gambling ring out of Orange County, federal prosecutors…
When much of the world’s economy shut down after the outbreak of COVID-19 in 2020, businesses across the U.S. were on the ropes. In total, 639 U.S. corporations went bankrupt that year, according to an analysis by S&P Global. Despite the Federal Reserve slashing interest rates to near zero and Congress unveiling the $2.2 trillion…
New Delhi: Crisis-ridden BYJU’s has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI’s petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is seeking an urgent hearing on the matter. BYJU’s did…
The snowball method. This well recognised method involves listing all of your debts, from the smallest debt first, regardless of the interest rate it attracts. Loading Moving through the list, start by paying off the smallest debt, then move to the next biggest debt and pay that off, and so on. As debts are paid…
23 Aug 2024 • 4 min read The latest insolvency statistics for July 2024 for company and individual insolvencies were published on 20 August 2024 for England and Wales. Whilst there has been a slight increase in individual insolvencies in July 2024 to the figures published in June 2024 for individual insolvencies, the slight dip…