Monthly Archives: August 2022

China has dumped US Treasuries for a 7th straight month as it defends the yuan against the dollar

China has cut its holdings of US Treasuries in recent months. REUTERS/Tingshu Wang China has cut its holdings of US government bonds for the 7th month running, official data Monday showed. Analysts have said China could be trying to prop up its currency, the yuan, as the dollar surges. China may also be looking to…

Student-loan borrowers will know ‘soon’ if the debt payment pause will be extended before it expires in 2 weeks, Biden’s Education Secretary says

Education Secretary Miguel Cardona. Joshua Roberts/Getty Images Education Sec. Miguel Cardona told CBS student-loan borrowers will know “soon” of a payment-pause extension. The pause is set to end in just over two weeks, after August 31. Cardona said in June that borrowers would have “ample notice” regarding an extension. In June, President Joe Biden’s Education…

‘Joker’ sequel stars Lady Gaga and Joaquin Phoenix are reportedly getting massive paydays of $10 million and $20 million

“Joker” Warner Bros. Joaquin Phoenix and director Todd Phillips are each reportedly getting $20 million for the “Joker” sequel. Lady Gaga is getting $10 million, according to Variety. The first “Joker” earned over $1 billion at the global box office in 2019. The “Joker” sequel, “Joker: Folie à Deux,” is coming to theaters in 2024,…

Paramount Plus will be free with a Walmart+ subscription starting in September — here’s a full breakdown of what the streaming service offers

When you buy through our links, Insider may earn an affiliate commission. Learn more. Paramount Plus has ad-supported and ad-free plans. Paramount Plus Paramount Plus is a streaming service with content from CBS, Nickelodeon, Comedy Central, and more. Subscribers can also watch live sports and exclusive original shows, like “Halo.” It starts at $5/month and,…

Man charged with threatening to kill FBI agents vowed he’d never ‘spend one second of my life in their custody.’ He’s now in custody.

Security fencing is seen outside the Federal Bureau of Investigation (FBI) headquarters in Washington, DC on August 15, 2022. Mandel Ngan/AFP/Getty Images A Pennsylvania man accused of threatening to kill FBI agents said he’d never be in their custody. Adam Bies has since been arrested and is currently in FBI custody.  Prosecutors said the threats…

What is embedded finance?

Embedded finance is an emerging software distribution model that is promising—or threatening—to reshape the financial services industry. The global embedded finance market is still nascent, but its growth potential is enormous.  Do you work in the Fintech industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. Embedded…

US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says

Getty Images The odds of a severe housing downturn have risen, and US home prices could sink as much as 15% in that scenario, said Fitch.  But a moderate pullback is still the more likely outcome, the credit rating agency said.  Fitch sees housing activity falling by mid-single digits in 2023 and low-single digits in…