Por: MarketWatch Business January 04, 2023
Credit Acceptance is one of the nation’s biggest publicly traded auto lenders, involved in financing more than $4.9 billion in auto loans in 2020 alone, It has been a frequent issuer of asset-backed bonds tied to subprime car loans, where BB-rated bonds lately promise yields as high as 11%, according to FinSight data. Regulators have been closely monitoring subprime auto lenders for potentially abusive practices since the 2007-2008 global... + full article
MarketWatch USA Politics January 19, 2023
“ Much of this subprime corporate debt reflects questionable accounting practices that allow borrowers to overestimate future earnings, thus downplaying leverage levels, something private-equity owners shrug off because of their own short time horizons. ” $5 trillion in debt... + más
NFL Week 17 playoff picture and clinching scenarios: Bucs win NFC South; Giants clinch wild card | ESPN
Shaikin: Baseball embracing the 'flukes' and plenty of added revenue this postseason | Los Angeles Times
Forbes USA Business January 11, 2023
“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find real evidence tying him to the well-put statement, nor the claim... + más
NFL playoff guide: Who’s in, who’s out and what’s the schedule for wild-card weekend? | Orlando Sentinel
MarketWatch USA Business January 07, 2023
Credit Acceptance is one of the largest publicly traded auto lenders, originating over $4.9 billion in loans in 2020 alone. It has contributed to the last decade’s boom in subprime asset-backed securities (ABS) tied to used-car loans. The U.S. Consumer Financial Protection... + más
Credit carnage spurs bargains on bonds tied to $16 trillion pile of U.S. household debt | MarketWatch
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices | MarketWatch
ABC News USA Business December 14, 2022
NEW YORK -- A unit of American International Group that played an outsized role in the 2008 global financial crises is nearing its official end. AIG said Wednesday in a filing with the U.S. Securities and Exchange Commission that its Financial Products unit has filed for Chapter... + más
AIG unit that had big role in 2008 crisis nears official end | Associated Press
The practical impact of Bernanke's Nobel-prize research? It's why economists think U.S. might escape with a mild recession this time | MarketWatch
Associated Press USA Business December 14, 2022
FILE - The American International Group logo at the company's headquarters in New York is pictured on Jan. 9, 2013. AIG said Wednesday, Dec. 14, 2022, that its Financial Products unit has filed for Chapter 11 bankruptcy protection. (AP Photo/Bebeto Matthews, File)FILE - The... + más
AIG unit that had big role in 2008 crisis nears official end | ABC News
MarketWatch USA Business November 07, 2022
The Fed has moved the rate by a total increase of 375 basis points this year — a rate of change not seen since 1981. Further increases may be coming, but the Fed and further apart. ““With rates expected to go even higher and stay there for at least the duration of 2023,... + más
Waiting for a better time to buy a car? Keep waiting | CNN
Good news: Personal loan interest rates plunge for 3- and 5-year loans | Fox Business
MarketWatch USA Business November 04, 2022
But the tumult also has investors in bonds tied to U.S. consumer and mortgage debt scouring for opportunities, as yields climb to crisis-era levels, even while the at a 3.7% unemployment rate in October. “I don’t think there’s an appreciation for just how cheap a lot of... + más
AP source: Spurs waived Primo after allegation of exposure | WPLG Local 10
AP source: Spurs waived Primo after allegation of exposure | Associated Press
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