Evergrande Has Defaulted On Its Debt
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. From a report: The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the fi.....»»
KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2021-5
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2021-5 (“PAID 2021-5”), a consumer loan ABS transaction. This transaction is the fifth publi.....»»
Last Year"s Texas Power Outage Will Now Cost Natural Gas Customers $3.4 Billion
"Texans will be paying for the effects of last February's cold snap for decades to come," reports Ars Technica, "as the state's oil and gas regulator approved a plan for natural gas utilities to recover $3.4 billion in debt they incurred during the s.....»»
"Tuition myopia" may negatively impact students" financial future, study finds
Choosing more expensive colleges may seem like an unwise financial decision considering a large student debt burden after graduation. However, new research led by the Indiana University Kelley School of Business demonstrates that avoiding such colleg.....»»
Number of Credit Cards in US Hits All-time High
The number of credit cards in America hit an all-time high of 520 million in the third quarter of this year, per the New York Fed's household debt and credit report, released Tuesday. From a report: There was a precipitous plunge of more than 100 mil.....»»
Business model innovation is key to beating COVID-19 debt
As the UK and other countries face some of the worst days of the COVID-19 health crisis, the economic crisis may seem far off or even averted. But the measures taken to support economies battered by lockdown and other restrictions will eventually hav.....»»
Felons remain out of work, despite paying debt to society
A felony history carries more than just a social stigma. It can lead to more adults without work—even after paying their debt to society......»»
McAfee To Be Taken Private in $14 Billion Deal Including Debt
An investor group led by buyout firms Advent International, Permira Advisers and others agreed to take McAfee private in a deal that values the cybersecurity software maker at more than $14 billion including debt. From a report: The private equity co.....»»
Will debt, liability and Indigenous action see the sun set on the Ring of Fire?
Noront Resources Ltd.—the company at the heart of Ontario's embattled Ring of Fire mining development—is once again making headlines as the subject of competing corporate takeover bids by mining giant BHP Billiton and Australian private investmen.....»»
Dell spins off $64 billion VMware as it battles debt hangover
Ends 8-year saga that will unwind part of deal for server and storage group EMC. Enlarge (credit: Bloomberg | Getty Images) PC pioneer Michael Dell is set to cap his climb back to the top of the computing world on Monday with.....»»
How fees, fines and speeding tickets help to keep people in poverty
For some of us, an $80 speeding ticket is an unpleasant inconvenience. Yet for others, particularly those living in poverty, that same ticket can turn into a years-long nightmare of crushing debt and even the loss of their driver's license altogether.....»»
Tile secures $40 million to take on Apple AirTag with new products
Tile, the maker of Bluetooth-powered lost item finder beacons and, more recently, a staunch Apple critic, announced today it has raised $40 million in non-dilutive debt financing from Capital IP. The funding will be put towards investment in TileR.....»»
Revolut introduces salary-advance feature in the UK
Fintech startup Revolut is launching a new feature called Payday. It is an alternative to credit card debt and short-term credit as it lets you unlock a portion of your wage early. If a business decides to integrate with Revolut, users can then acces.....»»
Study: Renters of color less likely to become homeowners
Owning a home has long been a central tenet of the American dream, and scholarship has touted the economic benefits of homeownership. A new study from the University of Kansas explores the effects of wealth and debt on transitioning to ownership and.....»»
Salesforce wants Salesforce+ to be the Netflix of biz content
Salesforce just closed a $28 billion mega-deal to buy Slack, generating significant debt along the way, but it’s not through spending big money. Today the CRM giant announced it was taking a leap into streaming media with Salesforce+, a forthcoming.....»»
FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform
FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing.....»»
Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, high-profile angels
Xepelin is built on a SaaS model designed to give SMEs a way to organize their financial information in real time. Chilean startup Xepelin, which has created a financial services platform for SMEs in Latin America, has secured $30 million i.....»»
Insurtech startup Spot brings in $17.5M equity, debt to fill insurance gaps for accidental injuries
Spot is tackling affordable healthcare with a digital, on-demand injury insurance product that can be as-is or as a compliment to traditional health insurance. Affordable healthcare continues to be a major problem in the U.S., with roughly.....»»
The Long-Term Impacts of Ongoing Technical Debt
Technical debt's repercussions can reverberate throughout a business, creating long-term issues. And let's be clear: we're not just talking about code here. Continue reading........»»
Sequoia, Jay-Z, Will Smith back Landis’ $165M debt, equity round toward making homeownership accessible to everyone
Homeownership is one of the key components to building intergenerational wealth, and Landis is working to make that a reality for renters. Homeownership is one of the key components to building intergenerational wealth, and Landis is workin.....»»
Onto raises $175 million in Series B to expand EV subscription service in the UK
Onto has raised $175 million in a combined equity and debt Series B round, capital the U.K.-based electric vehicle subscription startup plans to use to expand within the country as well as move into new markets. This latest round brings Onto’.....»»