FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
Tag: Debt
Ray Dalio Sees More Pain Ahead in This Debt Cycle
Ray Dalio founded Bridgewater Associates in his Manhattan apartment in 1975 and grew it into a hedge fund colossus—with about $150 billion in assets—through astute analysis of macroeconomic trends. Al...
Brokered CDs pay more than traditional CDs — should you buy them now?
When market volatility and inflation persist, retirees or those who are near retirement might be wondering where to put their money now. There are a variety of alternatives with a range of risks, so t...
‘We’ve seen this before,” warns BofA. Why inflation could take until 2024 to fall to 3% and weigh on stocks.
U.S. stocks roared higher Thursday after October’s consumer-price index showed inflation rising at a less aggressive annual pace than expected, spurring hopes that the Federal Reserve’s inflation flig...
China is targeting El Salvador’s foreign debt
El Salvador’s Vice President Felix Ulloa said that China has offered to buy the country’s heavily distressed external debt. El Salvador: Felix Ulloa reveals China’s offer to buy foreign debt Felix Ull...
Solend accrues $6 million in bad debt from a single underwater loan
Solend, a lending protocol on Solana, has accrued a bad debt of more than $6 million from a large underwater position. After a sharp fall in the price of solana (SOL) — down about 50% in the las...
Beleaguered Billionaire Hui Ka Yan Struggles To Hold Onto His Crumbling Empire
Hui Ka Yan, a member of the CPPCC National Committee and chairman of Evergrande Group, attends a press conference at the fifth session of the 12th CPPCC National Committee on March 9, 2017 in Beijing,...
Circle, OKX Firms Deny Debt Exposure To FTX Alameda Research
The global crypto market registered a massive plunge on Wednesday due to the increased volatility due to Binance’s massive announcement of acquiring FTX. However, the top digital asset firms have come...
GE stock gains after tender offer to buy up to $7 billion of debt securities
Shares of General Electric Co. GE, +0.65% rose 0.4% in morning trading Tuesday, after the industrial conglomerate announced a tender offer to buy up to $7 billion worth of outstanding debt. GE said th...
Hive Blockchain Reveals No Debt Costs as it Holds 3,311 Bitcoin
Prominent Bitcoin miner Hive Blockchain revealed having 3,311 Bitcoin, worth more than $68 million, as of November 5, 2022. In its latest production report, the Canadian firm said it does not have exp...
2-year Treasury yield pulls back from 15-year high after October jobs data
U.S. Treasury yields saw a mixed finish Friday, with the yield on the 2-year note rising edging down a day after ending at a more-than-150-year high as investors assessed a stronger-than-expected Octo...
Single millennials are going into debt because of expensive dating habits — and some have had their cards declined on a first date. Here are 3 simple ‘cheap date’ ideas
Single millennials are going into debt because of expensive dating habits — and some have had their cards declined on a first date. Here are 3 simple ‘cheap date’ ideas If you grew up taki...
Inside Egypt’s New Deal With The IMF — Can It Put A Stop To Egypt’s Debt Crisis?
| GIZA, EGYPT Getty Images Key Takeaways Since the Arab Spring in 2010, the Egyptian economy has been under pressure from a variety of sociopolitical forces. Egypt and the IMF agreed to a 46-month fin...
Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report
The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent months. The centr...
India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline
Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...
Traders are loading up on bets against the stock market — and this time, it’s not a contrarian signal, says Citi
Markets continue to absorb the reverberations from this week’s Federal Reserve policy decision. The S&P 500 SPX has given up a chunk of its latest rally after Chair Jerome Powell suggested it was ...
Iris Energy’s SEC Filing Shows Debt Held in Special Purpose Vehicles – crypto.news
Iris Energy, a bitcoin miner, has remained resolute despite having to default on $103 million in loans the following week. According to a recent SEC filing, the Australian company may earn a monthly g...
Bitcoin Miner Iris Energy Says Bad Debt Contained in ‘Rotten Arms’
Bitcoin miner Iris Energy remains defiant despite facing debt default on $103 million in loans next week. In a recent SEC filing, the Australia-based firm said that while it can generate $2 million in...
Tupperware stock craters after company warns its debt burden may force it out of business
Tupperware Brands Corp. stock tumbled 41% Wednesday, after the maker of food storage products missed third-quarter earnings expectations, warned it may go out of business, and conceded that some of it...
Fed approves another jumbo interest-rate hike but also signals go-slower strategy
The Federal Reserve on Wednesday approved the fourth straight jumbo increase in a key U.S. interest rate and signaled rates are likely to go higher than previously forecast. Yet the central bank also ...
BP Sees Quarterly Profits Q3 2022, Records Tenth Successive Quarter of Lower Net Debt
BP was able to exceed analysts’ expectations in its Q3 2022 profits due to high commodity prices. British multinational oil and gas company BP p.l.c. (NYSE: BP) has announced an $8.2 billion profit in...
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
“We are executing on the strategy we outlined during our second-quarter earnings announcement in August – to rapidly delever our balance sheet and enhance liquidity, and we are actively pursuing...
Bitcoin Mining Firm Digihost Remains Debt Free Amid Bearish Market
Many Crypto and Bitcoin mining firms have recorded huge losses in 2022 due to the ongoing bear market and extreme economic conditions. As a result, some have packed up, while others declared bankruptc...
Billionaire Wu Yajun Steps Down As Longfor Chair Amid Sector Crisis
Billionaire Wu Yajun has stepped down as Longfor chairman. (Photo by May Tse/South China Morning Post via Getty Images) South China Morning Post via Getty Images Wu Yajun, the billionaire cofounder of...
U.S. Treasury sweetens the pot on I-bonds by adding a fixed rate
After record-breaking sales of I-bonds in October, the U.S. Treasury is dangling another good deal in front of savers for the next six months. Starting Nov. 2, when I-bonds will be available again af...