OUTSTANDING DEBTS
US household debt rises to $19.1 trillion in Q3, delinquencies edge higher: New York Fed
US household debt rises by $334 billion to $19.1 trillion in Q3, while troubled borrowing edges up to 5% of total debt, according to the New York Fed. Despite rising mortgage, auto and credit card delinquencies, overall credit quality remains relatively stable, with student loan defaults continuing to increase.
Nicki Minaj’s legal bills pile up as former lawyers seek $295K over unpaid fees in ‘I Lied’ copyright case
Nicki Minaj's former legal representatives are back in court, demanding a default judgment for a hefty unpaid bill exceeding $295,000 linked to an unresolved copyright lawsuit. The bill has been outstanding since March, and despite receiving legal notification, Minaj hasn't replied. This comes on the heels of a past legal issue that she recently settled, and notably, her previous support for Donald Trump at a campaign event raised eyebrows.
Is AI selloff a window to buy? Morgan Stanley sees multiple buying opportunities on Wall Street
Morgan Stanley sees the recent AI stock selloff as an overreaction and recommends selectively buying the dip across hyperscalers, semiconductor and infrastructure companies. The brokerage expects some US data centre projects to shift from 2028 to 2029 following Democratic election victories, potentially extending the AI capital expenditure cycle and reshaping investment opportunities.
Tenneco India explores diversifying beyond auto sector, eyes M&A
Tenneco Clean Air India is exploring acquisitions to diversify beyond the automotive sector, with potential targets in railways, aerospace and defence. CEO Arvind Chandra said the debt-free company has the cash to fund sizeable deals and is seeking businesses with strong technology, margins and an India growth opportunity.
Banks, investors grow wary of AI debt, spooked by market selloff
Some banks, which just a few weeks ago were lining up to fund AI deals, are now telling market participants they would be reluctant to finance additional deals even when they involve guarantees from the sector's marquee technology companies, according to several banking and credit sources.
Why does Pakistan keep getting IMF bailouts despite terrorism allegations? Gita Gopinath explains
Why does the IMF continue to bail out Pakistan despite its repeated borrowing history and terrorism-related allegations? Former IMF deputy managing director Gita Gopinath explains who decides lending approvals, why economic distress matters and how member countries exercise voting power. Here's a look at Pakistan's 25 IMF arrangements and the world's biggest borrowers.
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Scorpio New Moon 2026 Today, November 9: What to Manifest, What to Release and Which Zodiac Signs Will Feel Its Impact
The Scorpio New Moon takes place today, November 9, 2026, encouraging emotional healing, inner transformation and meaningful new beginnings. Discover what to manifest, what to release, powerful New Moon rituals and which zodiac signs may feel its astrological impact most strongly.
A Minnesota county sold a woman's condo for $40,000 over a $15,000 tax debt and kept the rest; what did the US Supreme Court say?
Notably, the original tax bill was around $2,300. But, after interest and penalties, the debt was increased to around $15,000. Hennepin County sold the property for $40,000 and kept the money left after settling Tyler's tax debt, according to the US Supreme Court. The dispute was mostly about whether the county could keep more than Tyler owed.
Nicki Minaj's $20 million Hidden Hills mansion nearly went to auction over a $503,318 debt before her last-minute payment
Nicki Minaj narrowly avoided a forced sale of her $20 million Hidden Hills mansion after paying a $503,318 court judgment on January 22, 2026. The payment came just before a judge was expected to decide whether the California property could be auctioned to recover the money owed to a former security guard.
Horoscope Today, November 7, 2026: Aries, Taurus and Gemini Focus on Relationships, Emotional Clarity and Important Choices
The Moon begins the day in Virgo and moves into Libra by afternoon, shifting attention toward partnerships, creativity, and personal connections. The planetary influences highlight work responsibilities, financial planning, domestic matters, and creative activities. Aries can overcome workplace challenges and strengthen business partnerships; Taurus can focus on creative ideas and improve daily work routines; and Gemini can manage domestic responsibilities while exploring new creative opportunities.
NBFC credit to gold jewellery, consumer durables grows over 50 pc in Sep: RBI data
In September 2026, non-banking finance companies' credit to gold jewellery and consumer durables surged significantly. Credit for gold jewellery rose by 66.1 per cent to Rs 3.74 lakh crore compared to the previous year. Consumer durables also saw a 54.4 per cent increase in credit, reaching Rs 77,896 crore. Overall, credit growth for NBFCs stood at 15.4 per cent, totaling Rs 61.69 lakh crore.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
Pakistan's external debt nearly doubled in decade ending 2025: World Bank
Pakistan's external debt is projected to rise to USD 135.1 billion by 2025, according to a World Bank report. Public and publicly guaranteed debt accounts for a significant portion, totaling USD 107.076 billion. China remains the largest creditor of Pakistan, holding USD 22.4 billion. The International Monetary Fund is expected to provide additional financial support for economic stability.
Sebi revises currency derivatives limits for unhedged positions aligning with RBI norms
Sebi has revised limits for unhedged positions in currency derivatives for domestic clients and FPIs. The new combined notional value limit is set at $5 million at any time. FPIs must control their short positions in foreign currency-rupee pairs to the same $5 million limit. To exceed this threshold for long positions, FPIs need to show underlying exposure in Indian securities.
Apple seeks about $7 billion from bond sale, Bloomberg News reports
Apple is seeking about $7 billion from a US-dollar bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion.
Gold loan NPA rises in first five months while eases over a three-year horizon
India’s gold loan market has experienced a rise in non-performing assets, reaching 0.78% by August 2023. The total outstanding volume grew nearly threefold to Rs 22.5 lakh crore recently. Borrowers are increasingly taking multiple loans, with many having four or more gold loans. The market also saw 5.5 crore active borrowers, indicating its broad consumer reach.
Apple seeks about $7 billion from bond sale: Bloomberg News
The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion. Apple did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
Sebi revises currency derivative norms for domestic investors, FPIs; allows to trade up to USD 5 mn
Sebi has revised its regulations to permit domestic and foreign portfolio investors to take positions in currency derivatives. Investors can now hold up to USD 5 million without establishing underlying exposure. The new guidelines also require FPIs to ensure their short positions do not exceed this limit. For amounts above the threshold, FPIs must have underlying exposure in Indian debt or equity securities.
US Treasury shifts language, opening door to auction size changes
The US Treasury Department has updated its regulations regarding upcoming auction sizes for treasury securities. This revision hints at a potential increase in the issuance of short- and intermediate-term debt. They also flagged a likely decrease in demand for longer-term 20- and 30-year auctions. Future adjustments will rely on demand trends and financial requirements, with the Treasury planning to consult market participants for a thorough understanding of these changing factors.
Naraka Chaturdashi 2026: Why Do People Clear Debts and Settle Pending Dues Before Diwali?
Naraka Chaturdashi, commonly called Choti Diwali, celebrates the triumph of light over darkness in many households. As the Diwali festivities approach, families tend to reassess their financial standing and settle any unpaid dues. This ritual holds special significance for trading communities, marking the end of an accounting cycle. While not a religious obligation, managing debts reflects a cultural commitment to financial prudence, ultimately enriching the joyous atmosphere of Diwali.
‘This administration has another two years in office’: Barack Obama thanks Republican volunteers and outlines Democrats’ roadmap for Trump’s remaining term
Barack Obama urged Democrats to capitalize on the momentum from the midterm elections, calling for collective efforts to drive meaningful change. With Democrats on the cusp of taking control of the House, he stressed the need for unity and innovative solutions. He expressed his appreciation for the election officials and volunteers who ensured a well-managed electoral process.
UK Home Secretary Shabana Mahmood scraps 15-year settlement wait for migrant care workers earning £25,000
The UK government has revised its immigration settlement rules, particularly for foreign care workers. Eligible care workers can now qualify for permanent residency after five years instead of 15. In addition, changes will extend the standard settlement period for most migrants from five to ten years. Stricter eligibility conditions are also being introduced for all applicants and refugees.
Big tech share buybacks plunge 83% as AI spending hits cash flows
Major US technology companies sharply reduced dividends and share buybacks as record AI infrastructure spending pushed their combined free cash flow into deficit. The shift raises concerns about shareholder returns and places greater pressure on Big Tech to deliver profit growth from its AI investments.
Life insurance bought under MWP Act: Why it matters and how it can ensure greater protection for your family
Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the MWP Act can ensure greater protection for your family.
PC Jeweller shares drop 4% after Sebi sends warning letters to MD, company secretary. Here's why
PC Jeweller shares fell over 4% after Sebi issued warning letters to two senior executives for failing to maintain a structured digital database linked to a 2025 business update. The company said the warnings would have no financial or operational impact.
Reliance Industries Q2 Results: Profit shoots up 41% YoY to Rs 25,548 crore, revenue surges 29%
Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
NCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal found unresolved disputes regarding payments and alleged operational dues amounting to Rs 2.78 crore. NCLAT noted that effective communication existed between the two parties detailing ongoing disagreements over credit notes and charges. Additionally, Polycab disputed the creditor's demand, indicating significant unresolved financial matters.
Pakistan running out of gas: 12 kg LPG cylinder costs PKR 7000
Pakistan’s gas crisis has intensified as LPG prices climb to PKR 600 per kg in some areas following disruptions to imports from Iran. Domestic gas production has fallen nearly 20% in five years, while circular debt and outstanding supplier payments have reached PKR 5.454 trillion. The country also faces challenges managing surplus imported LNG despite household fuel shortages.
Snapchat co-founder and billionaire Evan Spiegel and Miranda Kerr help erase $550 million in medical debt for 261,000 Californians
Evan Spiegel and Miranda Kerr are making waves in California by alleviating medical debt for over 261,000 residents. By supporting Undue Medical Debt, they've successfully wiped out more than $550 million of unpaid bills. This initiative allows individuals to shift their attention from financial burdens to healing. Their philanthropic endeavours also include aiding student loan repayment and wildfire recovery, aiming to enhance access to healthcare and bolster financial security.
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