This segment of What’s Ahead lays out how, with the right plan, House Speaker Kevin McCarthy and his fellow Republicans can turn the tables in their fight with President Biden over raising the ceiling...
Tag: Debt
U.S. House Speaker Kevin McCarthy speaks on the debt ceiling
(The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a video above at that time.) House Speaker Kevin McCarthy will deliver an address Monday on the debt ceiling. ...
Huobi monetizes FTX collapse with opaque debt token
Listen to this article. Huobi has announced that it’s listing the ‘FTX User Debt’ (FUD) token issued by the ‘DebtDAO.’ This is despite the lack of many basic details that would help explain its functi...
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stocks are off to a weaker start as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that th...
Castro-era Cuba debt case in hands of UK judge
Fidel Castro observes the May Day parade at the Revolution Square in Havana, Cuba May 1, 1998. Sven Creutzmann | Mambo Photography | Getty Images Can the Cuban government be sued for unpaid debts from...
Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt
Centrifuge’s loan dashboard also shows there are four loans worth $3.3 million late with payment in its REIF pool, which provides capital to finance commercial real estate mortgages. However, REIF Fin...
Why the 2023 stock market rally might depend on the U.S. dollar
The U.S. dollar may be losing its appeal as one of the few reliable safe-haven assets in times of economic and geopolitical uncertainty after an 18 month rally, and a further fall by the currency coul...
Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach
Justin Sun, the founder of exchange Huobi, has put his name behind Debt DAO, a project claiming to be issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors. In a Twitter thread, Deb...
Core Scientific To Send 27k Mining Rigs To NYDIG To Settle $38.6 Million Debt
– Advertisement – The NYDIG has agreed to settle a debt of $38.6 million owed by Core Scientific Inc. The crypto mining firm will send 27,403 crypto mining rigs to NYDIG as part of the ag...
Bitcoin Mining Firm Core Scientific To Sell 27k Gears To Settle NYDIG Debt
45 mins ago | 2 mins read Bitcoin News A few days before the holidays in 2022, the firm filed for bankruptcy. As part of its 2020 expansion, the company borrowed $77.5 million. In order to settle a $3...
NYDIG agrees to settle Core Scientific’s $38.6m debt
Core Scientific Inc. has agreed to send 27,403 crypto mining rigs to the NYDIG. The NYDIG will settle a debt of $38.6 million in exchange for the rigs. Core Scientific Inc. and the New York Digital In...
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used ...
Treasury yields jump after surge in U.S. job growth
Treasury yields jumped Friday, erasing what had been weekly declines for 2- and 10-year notes, after a much stronger-than-expected U.S. January jobs report clouded investor expectations for the Federa...
Centrifuge Faces Debt Crisis, Registers $5.8m in Unpaid Loans
Centrifuge, a decentralized protocol operating as a lender, is reportedly facing a liquidity crunch, with collateralized loans amounting to roughly $5.8 million being tracked off as the platform’...
Core Scientific And NYDIG Agree To Settle $38.6 Million Debt
Core Scientific and NYDIG have reached an agreement to settle the $36.8 million debt owed to NYDIG. The crypto miner will hand 27,403 crypto mining rigs to NYDIG to settle the debt. The settlement has...
Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt
The once-prominent bitcoin miner Core Scientific inked an agreement with the New York Digital Investment Group (NYDIG) to hand over 27,403 of its mining machines and thus pay off an outstanding debt o...
Jobs report tells markets what Fed chairman Powell tried to tell them
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen. On Wednesday afternoon Federal Reserve Chairman Jerome Po...
Cash is no longer trash, says Dalio, who calls it more attractive than stocks and bonds
“‘Cash used to be trashy. Cash is pretty attractive now. It’s attractive in relation to bonds. It’s actually attractive in relation to stocks.’” Bridgewater Associates founder Ray Dalio no longer thin...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Million of New Equity Proceeds
Deal will Eliminate principal payments and defer amortization to April 2024 with ability to extend to maturity. Company expects to be fully funded to positive free cash flow from bitcoin mining operat...
Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss
Shares of Hanesbrands Inc. HBI, -27.38% plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller ...
Bitcoin Can Soar Above $25,000 Due to Debt Ceiling Debacle
While yesterday’s Biden-McCarthy meeting did not result in an agreement on the debt ceiling in the U.S., this could have direct implications for the entire financial market and Bitcoin. And the implic...
Wall Street to Jerome Powell: We don’t believe you
Do you want the good news about the Federal Reserve and its chairman Jerome Powell, the other good news…or the bad news? Let’s start with the first bit of good news. Powell and his fellow Fed committe...
Brace for ‘tinderbox-timebomb’ market crash worse than 1929, hedge fund manager says
“ “It is objectively the greatest tinderbox-timebomb in financial history — greater than the late 1920s, and likely with similar market consequences. Now, as then, it is of our own making.” ” — Mark S...
America’s $31 Trillion Debt Is Getting Dangerous As Yearly Interest Crosses $500 Billion Mark
The Federal Reserve has been the primary focus of the markets following the 2020 COVID-19 market crash, as generous spending bills have resulted in a massive increase in the overall money supply. To c...
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Bitcoin (BTC) mining company Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge enter...
IBM’s ‘substantial’ dividend, debt take wind out of Big Blue’s sails as analyst downgrades stock
International Business Machines Corp.’s stock was downgraded Monday after one analyst said that with Big Blue’s transformation efforts and its somewhat stable stock price over the year, there isn’t mu...