Fed’s QT pause, Treasury’s debt plans may offer fleeting relief to US bonds Reuters
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After 42 successful years, Hooters may be on the brink of bankruptcy. This comes after a period of financial difficulty in which Hooters of America was in talks with advisors and money-lenders to address loss in revenue and foot traffic.
Since the chain was bought by Nord Bay Capital and TriArtisan Capital Advisors in 2019, it has faced a number of issues. In 2024 the company shuttered around 40 brick-and-mortar locations, citing “current market conditions,” per Nation’s Restaurant News. However, the wing giant presented an optimistic front, saying in the same release, “With new Hooters restaurants opening domestically and internationally, new Hooters frozen products launching at grocery stores, and the Hooters footprint expanding into…
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Many celebrities are known for taking risks – whether it’s in the roles they take on, the music they produce, or the opportunities they pursue outside their fields. When this is in the realm of their careers, the rewards are often worth the gamble. However, not all risk-takers are as lucky when it comes to placing (literal) bets.
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The weight of debt can crush anyone, regardless of age. Here in Delaware, a family recently reached out to the Better Business Bureau for help navigating the overwhelming world of debt relief, and we want to share the resources we provided them.
With Americans facing a staggering $17 trillion in consumer debt (Experian), the struggle is real, and unfortunately, the debt relief industry is rife with predatory practices. From misleading promises and exorbitant fees to outright scams, it’s crucial to be informed before seeking help.
BBB research exposes these pitfalls and provides crucial information on debt relief, consolidation, credit repair, and counseling options. It’s a must-read for anyone grappling with debt or worried about a…
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(InvestigateTV) — U.S. households with revolving credit card debt owe an average of just over $10,000, according to a new NerdWallet study.
With credit card interest rates still above 24%, according to Investopedia, carrying that level of debt can be extremely expensive, warns Sara Rathner, a credit card expert at NerdWallet.
She said this is a great time to get organized and find ways to lower interest rates.
“So, when it comes to paying your debt off, you can try debt repayment methods that can help keep you organized and motivated,” Rathner said. “Debt avalanche is one, for example, where you list all of your debts in order from highest interest rate to lowest interest rate. You make minimum payments on everything, but then…
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Ippei Mizuhara received a 57-month prison sentence for a bank fraud conviction (Photo by PATRICK T. … [+]
As Ippei Mizuhara learned his fate, he stood calmly before a federal judge resigned to the grim reality that his destructive gambling habit would result in severe consequences.
Mizuhara, the disgraced former interpreter of Shohei Ohtani, begged Judge John Holcomb for mercy on Thursday as he tearfully apologized to the MLB star for betraying his trust. Moments earlier, Holcomb excoriated Mizuhara for embezzling $17 million from Ohtani, an amount the judge described as more than most people earn in a lifetime. Holcomb then imposed a 57-month prison sentence to Mizuhara, one that is…
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Sr. Henriette Anne, FSSA
In a one day media workshop organized by the Jubilee 2025 Africa Coalition, the Association of Members Episcopal Conference in Eastern Africa (AMECEA), Jesuits Justice and Ecology Network Africa, Caritas Africa and Hakimani Center on February 12th 2025 at Radisson Blu hotel in Nairobi- Kenya, joined the Vatican’s Dicastery for the Promotion of Integral Human Development in launching the Jubilee 2025 Debt Cancellation Campaign for countries in Africa who are in “dire fiscal situation, where debt servicing costs consume over 50% of national revenues”.
In his speech during this workshop of media personnel from various media houses in Kenya themed “Unpacking Africa’s Debt Crisi; Understanding…
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Bruno Mars has jokingly addressed the rumour that he has a $50 million (£40 million) gambling debt.
It was reported early last year that the Locked Out of Heaven star had racked up over $50 million in gambling debt at the Park MGM Las Vegas, where he has a long-running residency.
On Tuesday, Bruno joked about the rumour to celebrate the fact that he was the first artist to reach 150 million monthly listeners in Spotify history.
Sharing the announcement on his Instagram Stories, he joked, “KEEP STREAMING! I’ll be out of debt in no time,” adding a dancing emoji.
The Uptown Funk hitmaker previously alluded to the rumours last year when he reposted a TikTok video of someone dancing to his Lady Gaga collaboration Die With a Smile…
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An American EV manufacturer famous for fake announcements that put its boss in jail has declared bankruptcy.
Nikola, a truck manufacturer spruiking battery and hydrogen-powered alternatives to the Tesla Semi, is the latest manufacturer to declare an end to its production run.
It follows failures for fellow US brands Fisker, Canoo and Faraday Future that have failed to match Tesla’s stratospheric rise.
MORE: Chinese EV stuns with low price
While Nikola – a company named after electrical pioneer Nikola Tesla – promised to revolutionise the world of road transportation with green trucks, the brand is more famous for the dodgy dealings of company founder Trevor Milton.
Milton was sentenced to four years in prison in December 2023 for…
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Sandra Kunda
The Zambia Conference of Catholic Bishops (ZCCB), through Caritas Zambia, has called for support from the stakeholders in the debt cancellation campaign which was launched on 31st January 2025 by the Zambian Catholic Bishops.
The ZCCB Caritas Executive Director Fr. Dr. Gabriel Mapulanga says that to kick-start the campaign, they look forward to working with civil society organizations, the government, opposition politicians, church mother bodies, other religious organizations that are not Christian, the media, and the lenders themselves.
Fr. Mapulanga says the Church intends to undertake several activities, such as conferences for stakeholders, marches, public awareness campaigns, and the distribution of placards…
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It’s been a tough few years for former Man United star, Wes Brown.
The 45-year-old, who played 362 times for Man United, endured the break-up of his marriage in 2022 and was declared bankrupt the following year.
Now, however, things appear to be turning around for Brown with the two-time Champions League winner…
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The TOI correspondent from London:Vijay Mallya’s appeal against a bankruptcy order made in the UK courts concluded on Thursday with the judge overseeing the hearing of three separate appeals referring several times to the “Alice in Wonderland world of the case” and “going down rabbit holes”. Judge Sir Anthony Mann has reserved judgment.
The Indian businessman repeated his arguments that the assets realised by the banks exceeded what he owed them so he should never have been made bankrupt.
All the while Mallya is declared bankrupt, a trustee in bankruptcy can investigate his assets, including those in offshore trusts.
The court heard that there are “potentially valuable assets and trusts” that the bankruptcy trustee can…
