By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor (F) and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The low-cost government loan for the BlueOval … Read more
After several delays, a chaotic meeting Friday and several controversial proposals, Chicago’s City Council is expected to vote on the latest budget at a meeting Monday. The vote comes as Mayor Brandon Johnson reportedly dropped his proposed property tax hike, which originally called for $300 million increase in taxes for Chicago property owners. The first … Read more
Trying to understand the state of loans from CMBS alone is difficult. The loan type is far from representative of all lending, and gives a biased view, although a publicly available one, which is better than nothing. The other issue is the dollar measurement because a few large deals going badly are enough to shift … Read more
Laquaysia Anderson-Jenkins walked into the Boston Municipal Court in Roxbury on a recent fall day because a state agency was suing her over a $12,000 student loan. She didn’t question the amount she owed. She’d fallen behind in payments after graduation in 2017, she says, challenged by gaps in work and other financial responsibilities. Anderson-Jenkins … Read more
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. As rates go down, more people should be able to buy a home … Read more
Democratic lawmakers are seeking to hinder a federal watchdog investigation into misconduct within the Biden administration’s $400 billion green energy loan program—a sign Democrats could be growing concerned about what the long-running probe has uncovered. The inspector general for the Department of Energy has spent over a year investigating the Loan Programs Office, which has … Read more
Recently, with the sharp fluctuations in BTC and various altcoins, the crypto market’s bull run has accelerated. In a bull market, common strategies include holding long-term potential cryptos or taking advantage of high volatility for short-term trading profits. This often leads to a surge in DeFi activities, increased liquidity staking, and a more active lending … Read more
Susan Tompor | Detroit Free Press IRS unveils new income tax brackets and deductions for 2025 The IRS has announced key tax changes for 2025 due to inflation, including adjustments to income tax brackets, deductions, and capital gains. Straight Arrow News Try to cover your holiday spending by taking out a loan against how much … Read more
Payment network Affirm has announced its 3-year flow partnership with Sixth Street in order to invest up to USD 4 million in Affirm Loans. Following this announcement, Sixth Street, through its Asset Based Finance platform, will invest up to USD 4 billion by purchasing Affirm loans in a secure and efficient AssetCo structure pursuant to … Read more
The Mojave stretches before me, shimmering under a sky too blue to feel real. The cool air clings to my skin, the wind cutting deep into my bones sending a chill up my spine. This isn’t the blazing desert I imagined; this is something colder, harsher, a reminder that desperation doesn’t always burn—sometimes, it freezes. … Read more