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A collection of 7 posts

SpaceX Has Closed a $40 Billion Debt Deal to Fund AI Chips, Musk Says

The Deal Is Done, Musk Says SpaceX has closed a $40 billion debt deal to pay for the chips it needs to fuel its artificial intelligence ambitions, Elon Musk said on Sunday. Musk announced the closing on X, weeks after the Financial Times first reported that SpaceX was raising about

UK GDP toppled by UK debt for the first time in 60 years

Per Bloomberg For the first time in 1961, UK debt exceeded 100% of the UK economy. This comes as its public sector net debt in May was 100% of the total nation's GDP, according to the Office for National Statistics. The public sector net debt reached 100.1%

UK debt exceeds its economy, reaching 100.1% of GDP for the first time since 1961

Per CNBC UK net debt is reaching new heights that now result in it exceeding the economy. For the first time since 1961, the total debt is reportedly 100.1% above the countyr's GPD. According to the Office for National Statistics, this was for the UK public sector

Outstanding US debt totaling $384 billion in the first six months of 2023

Per Bloomberg The outstanding US debt reached $384 billion in the first six months of 2023. This resulted in a 32% increase compared to the same period in 2022, as the federal government's budget deficit jumped by 63% over a year ago. This reportedly meant that the budget

Millennial debt reached $4 trillion after increasing by 27% from 2019

CBS News Millennials are now the age group that is responsible for around $4 trillion of the total $16.9 trillion in American debt. The number was a 27% increase compared to millennials' debt in 2019, per Akiko Fujita, a Yahoo Finance reporter, in statements made to CBS News.

us credit card debt

US credit card debt climbs to an all-time high at almost $1 trillion dollars

Per ABC News For the first time ever, US credit card debt climbs to almost $1 trillion dollars. This comes shortly after consumer prices rose by 6.4% during the start of the year compared to a year ago. To be specific, US credit card debt hit a whopping $986

Emergency Expenses of $400 Can Only be Comfortably Afforded by One in Three Americans

Per Bloomberg An online survey on behalf of SecureSave found that of 1,100 adults in America found that only a third of Americans would be able to cover an emergency cost of $400 comfortably. This means that the remaining two-thirds of Americans would either be unable to cover