Treasury yields moved mostly higher in a holiday-shortened session Friday, capping a brutal, record-breaking bond-market selloff in 2022. Trading in U.S. fixed-income markets closed an hour early at 2...
Tag: Debt
Investors ditch FTX, Celsius, Blockfi, and Voyager debt as doubts surface
Cryptocurrency debt trading firm Xclaim has reported that over a hundred institutional investors have been negatively impacted by the failure FTX. Among those affected are firms like BlockFi, Voyager,...
Is the U.S. stock market open the day after New Year’s?
Many investors likely can’t wait for a brutal 2022 to end. Stocks are facing their worst annual performance since 2008, while bond returns are the worst in decades or, in some cases, in history. The c...
Crypto news: Genesis’ debt to Gemini
News: crypto exchange platform Gemini (connected to Genesis) and its founders, Tyler and Cameron Winklevoss, are being sued by investors who claim the cryptocurrency exchange sold interest-bearing acc...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
Credit Market Cracks Widen as Distressed Debt Nears $650 Billion
(Bloomberg) — Multiple stress points are emerging in credit markets after years of excess, from banks stuck with piles of buyout debt, a pension blow-up in the UK and real-estate troubles in Chi...
Will I Be on the Hook for My Spouse’s Debt After a Divorce?
Who Is Responsible for Debt After a Divorce? Divorce is always complicated – emotionally and financially. While a lot of the focus in a divorce goes to dividing assets, figuring out who is responsible...
El Salvador Is in Debt Because of BTC; It’s Turning to China for Help
El Salvador has lost so much for buying bitcoin that it’s now engaging in a new free-trade plan with China, something that’s causing many analysts to worry. They believe El Salvador’s sovereignty will...
Buy now pay later vs. credit cards — which one is better for you?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. A...
Elon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’
(Bloomberg) — Billionaire Elon Musk has warned against margin debt, citing the risks of “mass panic” in the stock market as a possible recession looms. Most Read from Bloomberg “I would really a...
Bitcoin mining companies close out year $4 billion in debt: Report
Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate...
Treasury yields end higher after U.S. inflation reading
Treasury yields ended a holiday-shortened New York trading session higher on Friday, cementing a weekly increase, after the release of the U.S. personal consumption expenditure price index, the Federa...
Public Bitcoin mining companies plagued with $4B of collective debt
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonge...
Binance Has No Debt And Assets Are Segregated, Report Says
Binance has been under intense scrutiny since it released its proof of reserves about a month ago. The crypto exchange had done so in a bid to assure users that all deposited funds were safe and that ...
Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022
According to a Dec. 21 letter to shareholders from CEO Aroosh Thillainathan, German Bitcoin (BTC) mining company Northern Data expects to generate upward of $202 million to $206 million in revenue fro...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, ...
Bitcoin Miner To Sell Rigs Worth $60M To Cover NYDIG Debt
US bitcoin mining firm Greenridge has entered a non-binding agreement to settle a $74 million debt with NYDIG as concerns mount over its financial longevity. The firm, which controls its own power pla...
Bitcoin miner Greenidge reaches debt restructuring agreement with NYDIG
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74.7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec. ...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a Dec. 20 filing with the United States Securities and Exchange Commission, Bitcoin (BTC) miner Greenidge has reached an agreement with its creditor, fintech firm NYDIG, to restructure ap...
Bitcoin Miner Greenidge Approaches NYDIG to Restructure $74M Debt
Greenidge suffers from serious debts of $74 million. Approaches NYDIG to restructure the debts to avoid bankruptcy for 2023. Greenidge is no longer an independent BTC mining firm. Though the year 20...
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Bitcoin (BTC) miner Greenidge Generation has entered into a $74 million debt restructuring agreement with crypto lender NYDIG, according to a Dec. 20 SEC filing. The restructuring — which is expected ...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet...
Why the Bank of Japan’s surprise policy twist is rattling global markets
Anchors aweigh? The Bank of Japan sent shock waves through global financial markets Tuesday, effectively loosening a cap on 10-year government bond yields in a surprise move seen as potentially pointi...
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal, which is currently in the form of a non-binding term sheet, NYDIG will purchase 2.8 exahash per second (EH/s) worth of Greenidge’s bitcoin mining machines, and extinguish $57 mil...
Puerto Rico Power Utility Plan to Cut Debt by 40%
(Bloomberg) — Puerto Rico’s financial oversight board filed a plan to restructure about $9 billion of power utility debt after failing to reach a deal with bondholders, signaling the agency’s fi...
Should you use a home equity loan for debt consolidation?
This article was originally published on Bankrate.com. A home equity loan allows you to convert a portion of the equity you’ve built in your home to cash. It’s also an effective way to consolidate deb...
These money and investing tips can help you plan for a new year as 2022 comes to an end
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 Why the stock market’s painful...
ECB slows rate hikes, but signals it’s far from done
The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market partic...
Stocks are closing out a dismal 2022 as the Fed fights inflation. Here’s what history says comes next.
Stock-market investors have plenty of reasons to feel gloomy heading into 2023: Inflation is still high, the housing market is sputtering and the Federal Reserve just raised interest rates by another ...
Opinion: 11 predictions for money, technology, stocks and crypto for 2023
Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early ...