Global debt hits record $353 trillion, bolstering case for hard assets

South Korea's JTBC defaults on securitized loans, downgraded to junk by local ratings firm, triggering rating cuts across parent JoongAng Group

JTBC, the broadcaster owned by South Korea's media giant JoongAng, defaulted on securitized loans and was downgraded to junk by a local ratings firm, triggering a series of rating cuts across the conglomerate.

U.S. cattle crisis forces major beef plant shutdown, eliminating nearly 1,500 jobs. The closure reflects deepening supply pressures in the American beef industry.

U.S. cattle crisis forces major beef plant shutdown, eliminating nearly 1,500 jobs.

U.S. debt interest costs hit record, surpassing defense and Medicare spending — America now spends $3.6 billion a day servicing its debt, according to First Squawk.

The United States is spending $3.6 billion per day on debt interest costs, which have hit record levels and now exceed spending on defense and Medicare.

U.S. debt-to-GDP ratio surpasses 100%, hitting levels not seen since World War I, First Squawk reports.

The U.S. debt-to-GDP ratio has crossed 100%, reaching levels last seen during World War I, according to First Squawk.