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SpaceX raises $25 billion in debt sale less than two weeks after IPO

Less than two weeks after its record IPO, SpaceX has raised $25 billion in a debt sale. SpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion. The company said Tuesday that number increased to $25…
Bankruptcy News

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve’s annual stress test released Wednesday. All 32…
Legal News

Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow

Even as home price growth has slowed, the housing boom during the first half of the 2020s means many owners are sitting on substantial equity — and they appear willing to use it. Homeowners tapped an estimated $47 billion in equity — the…
Educational News

Federal student loans have a new interest rate discount

The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify. In a June 18 press release, the U.S. Department of Education announced that eligible borrowers who…
Government News

2-year Treasury yield falls as Kashkari backs a Fed rate increase by year-end

The 2-year Treasury note yield moved lower on Friday as Minneapolis Federal Reserve President Neel Kashkari said he has changed his outlook and now expects that one interest rate increase will be necessary this year. Kashkari is a voting member of the Federal Reserve’s…
Editorial News

U.S. customs agency, trade judge to seek path to final tariff refunds

Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the…
Legal News

Medical emergencies can lead to debt and bankruptcy — even for insured Americans

Even Americans who are covered by health insurance can emerge from medical emergencies with long-lasting financial scars. In a study published this month in the journal Health Affairs, researchers found that 18 months after being hospitalized for a traumatic injury — such as a…
Educational News

Nearly 7 million student loan borrowers remain in defunct Biden-era payment plan: Trump official

Nearly 7 million federal student loan borrowers remain enrolled in a defunct Biden administration-era repayment plan, Nicholas Kent, a top official at the U.S. Department of Education, told CNBC on Thursday. By staying in the Saving on A Valuable Education, or SAVE, plan, these…
Bankruptcy News

Rate hikes are back on the table amid rising prices, Fed officials say

Americans hoping for relief from high borrowing costs may have to wait longer. Just weeks ago, investors expected borrowing costs on products such as credit cards, auto loans and home equity lines of credit — all tied to the Federal…
Government News

Treasury yields rise after Trump threat on Iran and ahead of inflation report

Treasury yields rose slightly on Tuesday as U.S. President Donald Trump issued his latest warning against Iran. The 10-year U.S. Treasury note yield — the key benchmark for mortgages, auto loans and credit card debt — rose 1.4 basis points to 4.542%. The 2-year…