Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happ...
Tag: Junk
NFT Collection Shonen Junk Official Price, Stats, and Review
What is an Shonen Junk Official? Shonen Junk Official are a non-fungible tokens collection built on the Ethereum network launched in 1 February, 2022. 9,000 items of the Shonen Junk Official collectio...
Moody’s Downgrades Egypt, Pushing Bonds Further Into Junk Status
Downtown Cairo, Egypt at dusk getty Moody’s Investors Service downgraded Egypt’s credit rating from B2 to B3 on February 7, pushing the North African country further into junk bond or non-...
China’s Junk Bonds Are Suddenly the World’s Hottest Credit Trade
(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...
Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
Coinbase earns most of its revenue from retail trading fees, and trading volume has dropped even more sharply in recent weeks. As a result, S&P expects the U.S.-based exchange’s profitability to “...
Uncle Sam Wants You To Recycle The Dead Cellphones And Laptops In Your Junk Drawer
Old laptops stacked Getty Images There’s little need to repeat all the drawbacks of the supply chain for lithium-ion batteries—the destructive and exploitive mining, the dependence on dubious governme...
White House hammers economic issues with attack on ‘junk fees’ two weeks out from Election Day
U.S. President Joe Biden delivers remarks on the U.S. economy from an auditorium on the White House campus in Washington, U.S. October 26, 2022. Jonathan Ernst | Reuters The White House is working to ...
China’s Junk Debt Is Sliding Deeper Into Unprecedented Distress
(Bloomberg) — A worsening crisis in China’s property market is dragging junk dollar bonds from the nation’s borrowers deeper into distress, as the implosion of what was once one of the world’s m...
Steve Forbes Warns Jerome Powell To Junk “Highly Destructive” Monetary Policy
It has been holy writ among central banks that the goal of monetary policy should be to achieve a 2% rate of inflation. Federal Reserve boss Jerome Powell, for example, says he will fight the current ...
‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head
The head of JPMorgan’s digital assets unit Umar Farooq has suggested that most of the crypto assets on the market are “junk” and that real crypto use cases have yet to fully present themselves. During...
JPMorgan Blockchain Head Says Most of Crypto is Junk
Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit, believes that real use cases of crypto are yet to unravel while most of the existing assets are “junk” with only a few exceptions. S...
JPMorgan Executive Calls Majority of Crypto ‘Junk’
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Moody’s Sends Dubai’s Neighbor Sharjah Down Into Junk Status
A view of Al Noor Mosque during the Sharjah Light Festival on February 9, 2017 in Sharjah, United … [+] Arab Emirates (Photo by Francois Nel/Getty Images) Getty Images The emirate of Sharjah – o...
A $1 Billion Junk Bond Down 38% in Less Than a Year Shows Just How Much the Market Has Changed
(Bloomberg) — If you liked it at 7.5%, you’ll love it at 18%?Payday lender Curo Group Holdings Corp. sold $750 million of junk bonds about a year ago, offering investors a juicy yield of 7.5% in...
The Junk Asset Class Yet To Implode
As Warren Buffett says, “Only when the tide goes out do you discover who’s been swimming naked.” Now that the tide is receding as fast as it ever does, the list of exposed asset classes is getting lon...
Here’s why meme stocks are hinting at another flashy rally for `junk stocks`
Meme stocks are perking up again, with GameStop (GME) and AMC Entertainment (AMC) rallying over 30% at one point on Thursday, and adding 10% and 5%, respectively, on Friday. Separately, the ARK Innova...
Coinbase Junk Bonds Are Plummeting Due To Market Turmoil And Creditors Concerns
Coinbase CEO Brian Armstrong, on the other hand, tried to assuage anxieties by saying on Twitter that we have no chance of bankruptcy, but we introduced a new risk element based on an SEC rule called ...
Coinbase junk bonds tank amid market rout and creditors’ fears
The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy. According to bond trading data from Trace Bonds, b...
Carvana to offer $2.275 billion in 8-year junk bonds to fund acquisition of Adesa’s auction business
Car selling platform Carvana Co. CVNA, -6.76% said Monday it is offering $2.275 billion in senior unsecured high-yield bonds that mature in 2030. The company will use the proceeds, along with $1 billi...
What 10% inflation could look like for junk bonds: BofA
What happens to companies financed in the booming high-yield or “junk-bond” market on the off chance that U.S. inflation pegged at 7.9% in February soars to 10% and stays there? That’s a question Oleg...
What Do You Make Of My Junk Money-Market?
Boost your yield and your principal gets nibbled. Here’s how to assess the trade-off. “I bought the Invesco Senior Loan ETF, ticker symbol BKLN, in 2017 and haven’t seen the light of day since. I boug...
You want to own ‘great American companies, not junk’
CNBC’s Jim Cramer on Friday looked ahead to next week’s pivotal market events, including a busy slate of corporate earnings reports and a meeting of the Federal Reserve’s policymakin...
The surprising message of the junk bond spread
The U.S. economy is in relatively good shape—perhaps even stronger than average. That’s the surprising message of an indicator with an enviable record of anticipating recessions: The interest-rate spr...