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Articles related to "debt"


Dell Looks to Hybrid Cloud for Next Chapter Amid VMware Talks

  • Nico Grant (Bloomberg) -- Dell Technologies Inc. unveiled software that could burnish its hybrid-cloud aspirations, in the hardware giant’s effort to plot a future beyond a possible spinoff of its most prized asset, VMware Inc. The product, called Project Apex, will let customers manage information and applications across public clouds and their own data centers, Round Rock, Texas-based Dell said Wednesday in a statement.
  • Project Apex gets Dell further involved in the cloud-computing journeys of clients rather than leaving that work to VMware, the software company majority owned by Dell.
  • While billionaire Michael Dell has spent the last five years expanding his technology empire so that it could move beyond personal computers and servers, he has recently tried to offload assets in an attempt to pay down corporate debt and boost the company’s market value.

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Bond Insurance Returns to the Muni Market in a Big Way

  • The decimated municipal-bond insurance industry is having a renaissance.
  • Weakened by Covid-19, state and local borrowers are using insurance at their highest rates in more than a decade.
  • This type of upfront protection offers a promise from insurance companies to pay investors if the municipality defaults.
  • Overall, the share of newly issued muni debt carrying insurance reached 7.13% in the second quarter and was 6.8% in the third quarter, up from an average of 4.72% in the decade before the pandemic, according to Municipal...

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Opinion: This pressing issue must come up at the last presidential debate

  • Even before the pandemic, our research with the Institute for Policy Studies found that 140 million people in this country were poor, or one fire, storm, health care crisis, or job loss away from it.
  • By the time we reach November 3, too many of America's 140 million poor and low-income people will have lost loved ones whose hands they couldn't hold, but whose bills and medical debt they must pay.
  • According to our research, 63 million poor and low-income people are eligible voters, but many of their main concerns have not been addressed by either political party.
  • The Democrats' Covid-19 plan preserves and expands health care, including Medicaid and a free public option for the poor, until the pandemic ends and the economy recovers.

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Gloria Borger: The Trump reset will never come no matter how much he needs it

  • From the time President Donald Trump stood on the South Portico on his triumphant return to the White House and ripped off his mask -- like an annoying sticky band aid -- to the Monday campaign call in which he dubbed Dr. Anthony Fauci a "disaster" and his scientific advisers "idiots," the moment has well passed.
  • Resets are foreign to Donald Trump.
  • During the middle of an intense session with his bankers in 1990 -- where his debt holders were hammering out a five-year plan to repay his personal debts -- Trump stopped the proceedings and asked an aide to bring in a box of books.
  • The presidency would inevitably become one more marketing tool in which the story according to Donald Trump will still be all about his distorted view of himself as the big, strong leader.

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China's economy is the envy of the world

  • London (CNN Business) - China's economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what's possible when Covid-19 is brought under control.
  • Alibaba has taken a controlling stake in one of China's leading supermarket chains as it tries to fend off rival JD.com in the fast growing online grocery industry, my colleague Sherisse Pham reports.
  • Alibaba is spending 28 billion Hong Kong dollars ($3.6 billion) to up its stake in Sun Art Retail Group from 36% to 72%, the company said in a statement Monday.
  • Having topped $21 trillion, the country's total debt owed to investors is now estimated to have outpaced the size of the economy, coming in at nearly 102% of GDP, according to calculations from the Committee for a Responsible Federal Budget.

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AMD Tries to Avoid Past Debt-Ridden Deal Mistakes in Xilinx Bid

  • But under Su’s predecessor Hector Ruiz, AMD had a factory network that required billions of dollars a year in investment to keep up with Intel.
  • Problems with a chip design delayed new product launches and the company gave back market share.
  • The large run-up in AMD shares may make Xilinx’s management team and investors reluctant to sign off on a majority stock offer on concern there’s not much upside left in the equity, according to Fitch Ratings analyst Jason Pompei.
  • The company spent $1.7 billion, a fifth of revenue, on research and development last year, so any hiccups in Su’s vaunted execution will be expensive.
  • This is another risk lurking for Su: The deal makes so much sense that AMD won’t be the only company interested in Xilinx.

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Biden needs an economic team that's less focused on Wall St

  • It has become almost a cliché to discuss the split between Wall Street, where asset prices remain near historic highs, and the real economy of the US, where the 31 per cent drop in gross domestic product reached Depression-sized proportions in the second quarter.
  • While the failure to pass another short-term stimulus plan is more about pre-election politics than true concerns about the American fiscal position, it is also true that for the first time since the second world war, the US is approaching a national debt-to-GDP ratio of nearly 100 per cent.
  • That means someone like Massachusetts senator Elizabeth Warren at the Treasury, who has the will and ability to re-anchor the financial sector to the real economy, and perhaps former New York City mayor, Michael Bloomberg, at the commerce department, who could orchestrate a national competitiveness plan for a world in which we need closer collaboration between employers, educators and workers.

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Coronavirus Tanked the Economy. Then Credit Scores Went Up.

  • Millions of Americans lost their jobs and skipped debt payments this year.
  • You wouldn’t know it looking at consumer credit scores.
  • While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in nearly every consumer-lending decision—were rising.
  • The average FICO credit score stood at 711 in July, up from 708 in April and 706 a year earlier, according to Fair Isaac Corp., the score’s creator.
  • Early estimates suggest the average score has held steady through mid-October at the July level, which...

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Coronavirus Tanked the Economy. Then Credit Scores Went Up.

  • Millions of Americans lost their jobs and skipped debt payments this year.
  • You wouldn’t know it looking at consumer credit scores.
  • While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in nearly every consumer-lending decision—were rising.
  • The average FICO credit score stood at 711 in July, up from 708 in April and 706 a year earlier, according to Fair Isaac Corp., the score’s creator.
  • Early estimates suggest the average score has held steady through mid-October at the July level, which...

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