Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis

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Construction site, Shanghai, China

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Billionaire investor Ken Fisher 'debunks' debt-crisis risk Ray Dalio warned of - borrowings are 'not the problem you think it is'

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Ken Fisher

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A US debt default could spike borrowing costs like credit cards and mortgages, and 'every family should be concerned' says a consumer watchdog

Tech Insider : Economy
Rohit Chopra, Director of the Consumer Financial Protection Bureau, testifies before the Senate Committee on Banking, Housing, and Urban Affairs committee during a hearing on Capitol Hill in Washington, D.C., on Thursday, December 15, 2022.
Rohit Chopra, Director of the Consumer Financial Protection Bureau.

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Home sales could crash 23% following a US default and put the housing market in a 'deep freeze,' Zillow economist says

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US housing market

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A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn

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US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings
Wall Street

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The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.

Tech Insider : Economy
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.

Celal Gunes / Anadolu Agency

Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway's annual meeting.

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Warren Buffett (left) and Charlie Munger.

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5 lessons I learned about debt after my dad's death that everyone should know

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Our experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's 'only pathetic if no one wants what we offer'

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Guo Guangchang Fosun International
The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's "only pathetic if no one wants what we offer'.

REUTERS/Aly Song

Banks aren't the only ones that hold risky commercial-real-estate debt. Pension funds are about to feel the pain, too.

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NY buildings
Buildings in New York City.

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