The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
Category: Credit and Debt
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U.S. Nears Loan to Rescue Spirit Airlines
The New York Times – Business:The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
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Debt Alarms Ring as Countries Rack Up More Emergency Spending
The New York Times – Business:Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
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J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The New York Times – Business:The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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‘Spring Clean’ Your Finances: How to Overhaul Your Spending and Savings to Stay on Track
The New York Times – Business:When the world feels uncertain, spend the season of renewal taking charge of what you can control: your budget.
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Some Borrowers Are Moving Abroad and Abandoning Their Student Loans
The New York Times – Business:A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.
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Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles
The New York Times – Business:Investors in the struggling Wall Street lender put in record requests to get their money back.
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Private-Credit Wobbles Could Prove Perilous for Trump
The New York Times – Business:The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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How Daily Money Managers Help Busy People With Their Finances
The New York Times – Business:Daily money managers generally help older adults and the wealthy, but busy professionals are increasingly using their services when they get behind.
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New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
The New York Times – Business:Investors are concerned about the health of the industry, which ballooned over the past decade.
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Covid Relief Loans Are Haunting Small Businesses
The New York Times – Business:The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.