Tag Archives: Credit

(Bloomberg) — The ugliest year ever for US corporate-bond investors is expected to get uglier — and they only have the Federal Reserve to blame. Most Read from Bloomberg With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who responded to the MLIV Pulse survey said that tighter monetary policy is the biggest risk facing the corporate-debt market. Just 27% were more concerned that corporate bankruptcies will pile up over the next six… Source link

Henrik appears on Yahoo Finance to discuss Fisker Ocean, PEAR, production, supply chain issues, asset-light strategy, and EV Tax Credit. Today, Henrik Fisker appeared on Yahoo Finance to talk about Q2 2022 earnings, Fisker Ocean, PEAR, reservations, production, EV tax credit legislation, and more. Henrik talks about 55 prototypes that Magna has already built. The host asked about just starting production on the Fisker Ocean.

Average annual percentage rates (APR) for new credit cards have reached a record high. The average bank card borrowing rate in America in June rose to around 20%, revealing a steep increase of about 6% compared to the pre-pandemic average credit card rate of 14.87% in 2019. “Credit card interest rates are basically the highest they’ve ever been. I’ve been watching credit card rates on a monthly basis for more than a decade now. And it’s the highest that they’ve been since I’ve… Source link

(Bloomberg) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Most Read from Bloomberg Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that… Source link

Motley Fool Why Lithium Americas Stock Crashed Today Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a… Source link

At its I/O developer conference, Google today launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, digital IDs, transit passes, concert tickets, vaccination cards and more. That’s pretty straightforward, but from here on out, it gets a bit confusing. Google, after all, has long offered the Google Pay app (and yes — a Google Wallet app, too), where you could store your credit cards for online and contactless… Source link

Since the start of the Ukraine War, a barrage of western sanctions has crippled the Russian economy and wreaked havoc on its financial system. The country has been largely cut off from the international payment system SWIFT, seen its access to $630 billion in foreign exchange reserves restricted, and watched as more than $17 billion in assets were seized from Russian oligarchs. But for the past eight years, Russia has been preparing for the worst. In June of 2014, just three months after its… Source link

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world’s second largest internet market. The network, managed by billionaire Sunil Mittal, said it has inked a strategic partnership with Axis Bank, the nation’s third-largest private sector bank, to co-launch what they are describing as “a first-of-its-kind” credit card. The… Source link

Democrats are promising to keep tabs during the 2022 campaign on Republican lawmakers praising projects funded by the Bipartisan Infrastructure Law even though they voted against it. House Speaker Nancy Pelosi’s office blasted out a compilation of the growing list — and journalists have also been taking note. Lawmakers like Rep. Steve Scalise (R-LA), Clay Higgins (R-LA), Rep. Kay Granger (R-TX), Rep. Ashley Hinson (R-IA), Rep. Michelle Steel (R-CA) and Rep. Andy Harris (R-MD) have all touted… Source link

Moscow, Amsterdam, January 20, 2022 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that the Russian credit rating agency ACRA has assigned Yandex a first-time long-term issuer credit rating of ‘АA+(RU)’ with a Stable Outlook. According to ACRA’s published report, the key rating drivers included, among others, Yandex’s leading position in number of the key markets… Source link