Shares of COVID-19 vaccine maker Novavax Inc. on Wednesday sank 11% after the company announced a proposed offering to sell millions of its debt and stock. The company said the proceeds could go towar...
Tag: Debt
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Maple Finance Debt Indicates Crypto Lending Risks
The emergence of Maple Finance brought a different approach to the entire process. This bold DeFi lending protocol requires no deposit of extra crypto tokens as collateral for borrowing. In the decent...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal...
Huge Risk to Maple Finance due to the Sour Debt of $54 Million
The largest unsecured crypto lending platform, Maple Finance is facing a massive debt of $54 million crisis while upgrading in its system. Firm merely started in May 2021 to become a decentralized cr...
Amber Group Claims ‘False Allegations’ Against Company, Provides No Details
Amber Group has yet to publicly address the latest reports around its financial health, outstanding liabilities, and its retail business, despite saying certain claims against the company have been in...
TeraWulf Significantly Increases Expected Q1 2023 Self-Mining Hash Rate at No Additional Cost and Announces Repayment of Certain Debt
Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s Fully Utilizes Expected 160 MW...
Shedding the LBO Albatross, China Debt Plans: Credit Weekly
(Bloomberg) — Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into wh...
These money and investing tips can fill your portfolio with holiday cheer
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Be on guard against Wall Stree...
Bankruptcy Law Doesn’t Allow Debtors To Escape Student Debt: The Law Should Change
It’s difficult to conceive of a way to address the student debt issue in a way that would satisfy both conservative and liberal politicians, but a nascent movement to allow people to discharge s...
Bitcoin miners took on billions in debt to ‘pump their stock’—leading to a crypto catastrophe
The phone just won’t stop ringing, beams Zach Bradford, the CEO of Bitcoin mining company CleanSpark. The calls are from other mining bosses—and they’re panicking. After Bitcoin crashed and energy cos...
Elon Musk’s Bankers Considering New Tesla-Backed Margin Loans to Slash Twitter Debt
Banks had to fund the whole debt package with their own cash due to a decline in the credit markets. According to people familiar with the matter, Elon Musk’s bankers are considering providing new mar...
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investo...
Financial markets are flashing a warning that a recession is imminent: here’s what it means for stocks
Across markets, familiar trading patterns for stocks, bonds and commodities that have held for months are starting to unravel as financial markets grapple with expectations that the U.S. economy will ...
I sold my late mother’s home for $250,000. I make $80,000 and have $220,000 in student debt. I want to buy a house. Should I use all my inheritance for a down payment?
My mom passed away, and left me her house, which I just sold and will net $250,000. I’m 41 years old with no real retirement savings. I make $80,000 a year, and I am maxing out contributions to my emp...
El Salvador buys back sovereign bonds to reduce debt
The Republic of El Salvador has announced that it has completed the second repurchase of its sovereign bonds maturing in 2023 and 2025. According to a press release shared by President Nayib Bukele, t...
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5% before pausing for some time. But it’s possible that the Fed could decide that ...
Ankr Deploys $15M to Buy Back Bad Debt Following Exploit
Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit. Ankr To Buy Back Bad Debt Blockchain infrastruc...
Can you still retire on $1 million? That’s what today’s millionaires want to know.
OK, so a million dollars isn’t what it used to be. That’s the worry among a surprising number of America’s millionaires. So, at least, reports money-management giant Natixis, which owns bond shop Loom...
Cathie Wood says the better historical parallel for the current high inflation environment is World War I, not the 1970s
Ark Invest CEO Cathie Wood says investors are looking at the wrong historical period in making comparisons with the current high inflation environment. “If you go back to the 19-teens, then the period...
Bitcoin could end debt super-cycle: analyst beckons
When speaking at the Texas Blockchain Summit held recently, Natalie Smolenski mentioned that Bitcoin could open a new economic growth phase after the conclusion of the debt super-cycle. She highlighte...
A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt
(Bloomberg) — Contagion from the messy implosion of Sam Bankman-Fried’s crypto empire is spilling into the world of decentralized finance, after a hedge fund was declared in default on almost $3...
This one great idea can make everyone better with money, older Americans say
Surveys regularly show that older Americans have regrets about lots of things — working too much, choosing the wrong partner, not taking care of their health, etc. There are often financial regrets to...
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for mi...
Here’s where investors made a ‘risk-free’ 6.6% return in the past four U.S. recessions
Who says bonds can’t be flashy? Investing in the nearly $24 trillion U.S. Treasury market and other forms of government-backed debt could be a good bet next year, particularly if another recession hit...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern
(Bloomberg) — There’s a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank f...
Genesis: the huge debt of the crypto lender
Genesis is once again in the spotlight of the media, the crypto lender apparently owes Gemini’s clients about $900 million. Crypto exchange Genesis, along with its subsidiary Digital Currency Group (D...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...