Key Takeaways In a shareholder letter, Digital Currency Group revealed that it has borrowed $575 million from Genesis Global Capital, its own subsidiary. Silbert also revealed the existence of a $1.1 ...
Tag: Debt
Australian Bitcoin miner under pressure to repay $107.8 million debt – crypto.news
The ongoing crypto winter seems to have snared its latest victim after Australian Bitcoin mining company Iris Energy received a notice of demand from its lender and Bitcoin rig maker Bitmain Technolog...
Crypto firm Eqonex files for Voluntary Debt Restructuring in Singapore
Cryptocurrency firm Eqonex has filed a voluntary application with Singapore’s High Court to place the company into judicial management. The crypto financial services firm filed a report with the Unite...
Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.
It’s going to be a short week on Wall Street. U.S. stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Frida...
Fed Hawkishness Peaks as Rising Debt Payments Erode Savings
(Bloomberg) — Tighter Federal Reserve policy is raising households’ interest-rate burden, leading to a rapid decline in excess savings and underscoring the likelihood hawkishness has peaked. Mos...
DeFi protocol AAVE faces bad debt and centralized points of failure
AAVE has a bad debt problem. A global community of people use the AAVE protocol to take out and service crypto loans, provide liquidity, stake, earn interest, and/or vote on governance proposals. But ...
Bridgewater’s Ray Dalio Sees Rough Road Ahead For Global Economy As Debt Bubble Deflates
Talking heads on financial cable TV channels seem downright giddy about the possibility that the Federal Reserve will soon be slowing its pace of rate hikes, but the founder of the world’s largest hed...
Bitcoin miner Iris Energy unplugs hardware collateralizing over $100 million in loans
Bitcoin miner Iris Energy has unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans they were securing. However, the company said that its dat...
What is ‘Zombie Debt?’ Why homeowners are facing foreclosure on old mortgages.
Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete,...
2-year Treasury yield reaches one-week high as traders assess likelihood of more Fed rate hikes
Treasury yields jumped on Friday, sending the 2-year rate to a one-week high, after Boston Fed President Susan Collins put another aggressive 75-basis-point rate hike on the table for December’s polic...
Fed must keep raising rates until it is certain inflation has stopped climbing, Kashkari says
The Federal Reserve needs to keep raising interest rates until it is sure inflation has hit a ceiling, said Minneapolis Fed President Neel Kashkari on Thursday. The central bank can’t be overly persua...
It’s Been a Rough Year for Stocks and Bonds. What to Do in 2023.
With more than a month to go, 2022 is all but certain to go down as an annus horribilis for both stocks and bonds. The crucial question for investors: What does that portend for the year ahead? The re...
Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.
A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be h...
Opinion: Opinion: What Bullard got wrong about a 7% fed funds (and why he said it anyway)
An influential Federal Reserve official briefly spooked the stock SPX, -0.31% and bond TMUBMUSD10Y, 3.769% markets on Thursday by warning that the central bank may have to raise interest rates much fu...
This is the chart that rattled U.S. financial markets on Thursday
One chart is all it took to move financial markets on Thursday. That chart was presented by St. Louis Fed President James Bullard as part of a presentation in Louisville, Ky., and it shows where he se...
73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead.
‘Travel, dining out and new tech’: 73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead. President Joe Biden’s st...
Debt Ceiling Risk Looms For Markets In 2023
There are concerns that negotiations around raising the debt ceiling could rattle markets as we saw … [+] in 2011. Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP When the U.S....
More trouble is brewing in the $24 trillion Treasury market: This time, it’s about central clearing
Efforts to reduce risks within the nearly $24 trillion U.S. Treasury market, the world’s deepest and most liquid securities market, are ironically creating angst among market players. The anxiety is c...
Genesis Debt Entices Market Maker B2C2
Genesis’ crypto lending division paused redemptions on more than $2 billion of loans just this morning in New York. And fellow lender B2C2 is already looking to profit from the firm’s plight. It’s no...
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Luis Alvarez | Digitalvision | Getty Images Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Fe...
Opinion: The floodgates are open for grandparents to super-size college savings for grandkids
If you’re a grandparent looking to save the day by helping your grandchildren pay for college, take a second look at a tax-advantaged 529 college savings plan before the end of the year. Rule changes ...
Bed Bath & Beyond stock falls as retailer plans to issue shares to pay off debt
A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond said Monday it would issue shares to some of its bondholders in exchange for ...
Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data p...
Pelosi Says Democrats Will Try To Raise Debt Ceiling This Year As House Control Remains Uncertain
Topline House Speaker Nancy Pelosi (D-Calif.) said she wants House Democrats to try to raise the debt ceiling before the current session of Congress ends, a move aimed at preventing a Republican-contr...
Opinion: Pain and losses in crypto will clear out the losers and strengthen the case for bitcoin
Cryptocurrency is a mess right now. And rightly so. I wrote about buying bitcoin for MarketWatch in 2013 when it was trading for $100, but I’ve spent the past year or so warning that most newer crypto...
How to get a guaranteed retirement spending rate of 4.3%
Stop the presses! The 4% spending rule may be alive after all—at least for now. I’m referring to the famous research from William Bengen in 1994 that focused on how much a retiree could withdraw from ...
Opinion: Bonds aren’t more attractive than stocks even as yields register a 15-year high
How much competition do stocks face from bonds? For the first time in years, investors are beginning to ask this question, given the dramatic rise in bond yields to a 15-year high. For nearly a decade...