bailout

The German government agreed on Friday to bail out Uniper Energy (OTC: UNPRF), the country's largest importer of gas and one of the largest utility companies in Europe. What Happened: Due to the Russia-Ukraine War, oil supplies have been tight and expensive for the European Union. The Kremlin...

According to a leaked report being revealed by Coindesk, BlockFi’s long-time backer cryptocurrency investment firm Morgan Creek Digital is trying to raise $250 million to counter FTX’s bailout by purchasing a majority stake in the cryptocurrency exchange.  Recently, BlockFi...

The claws are coming out already, with some industry onlookers questioning the government's rationale behind making a huge loan to less-than-truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW), a perpetually struggling company and one that the government's own Defense Department alleges...

YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan...

Deutsche Lufthansa AG (OTC: DLAKY) board of directors postponed a decision to accept a $9.8 billion economic relief package from the German government after European Union competition authorities said the airline would have to relinquish valuable slots at its hubs in Frankfurt and Munich. Giving...

The weekly jobless claims figures aren’t always the most closely watched economic data among Wall Street traders and investors. But today’s are a different story. This morning, the Department of Labor said 3.28 million people filed initial claims for unemployment benefits in the week...

The U.S. Senate late Wednesday passed a $2 trillion coronavirus rescue bill that includes almost $60 billion in aid for the airline industry, including all-cargo carriers, and $10 billion for airports, primarily to preserve jobs until economic activity returns to normal. The money comes with...

Airlines and airports reeling from the coronavirus-related loss of passenger traffic and flights are seeking immediate relief from governments. And they support aid for each other with the knowledge that the aviation industry is interdependent. But the harmony ends with airlines seeking a holiday...

A massive emergency stimulus package totaling $1.8 trillion is stalled in the U.S. Senate – and with it $58 billion in aid for airlines – with Republicans and Democrats finger pointing over who is to blame as the pandemic brings the economy to its knees.  But a new round of talks Tuesday has...

The White House and Republican leaders are rebuffing the U.S. airline industry's request for emergency government aid heavy on cash grants as policymakers and lawmakers assess the political fallout from bailing out an industry with recent record profits after workers made concessions during...

Government Sponsored Entity (GSE) Fannie Mae (Federal National Mortgage Assctn Fnni Me (OTC: FNMA)) announced this week that its next dividend payment to the U.S. Treasury will total $1.8 billion. Although the payment will be the smallest quarterly dividend that the company has paid the...

In seven days Greece will run out cash, Reuters reported on Thursday. The country notified its creditors that it will have no more cash on April 9, emphasizing the urgent appeal for more loans. Reuters noted that the appeal was made on teleconference call on Wednesday with eurozone deputy finance...

The Federal Housing Finance Agency (FHFA) has settled the smallest securities fraud suit that remained of the 18 it had filed back in 2011, regarding mortgage-backed securities sold to Fannie Mae and Freddie Mac. First Horizon National (NYSE: FHN) on Tuesday agreed to pay $110 million, which is...

Encouraging news coming from the job market was enough to send the major markets higher. Initial Jobless Claims declined 21,000 to 323,000 versus an estimated 335,000. As to be expected, the Senate Banking Panel Voted in favor to approve Janet Yellen as the next Fed Chair. The Dow gained 0....

Futures Lower On Portugal Fears, Bank Earnings In Focus U.S. equity futures traded lower on renewed fears that Portugal could be the first nation to leave the eurozone after the recent political crisis has put in doubt the nation's attempts to meet its bailout goals. Meanwhile, key bank earnings...