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Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates
High interest rates and tight financial conditions mean that huge amounts of risky corporate debt c…
Phil Rosen
US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says
AAA bonds no longer make up the largest nominal share of the sovereign market when measured by outs…
Filip De Mott
NCP junks Sharad Pawar's resignation, wants him to remain President
On expected lines, the Nationalist Congress Party (NCP) on Friday unanimously rejected the resignat…
Real estate agents are tacking ludicrous 'junk fees' on to every home purchase
Real-estate agents and brokerages are tacking ludicrous fees on to a growing number of house sales …
James Rodriguez
In a first-ever for space junk, Dish Network was fined $150,000 for leaving a retired satellite to orbit indefinitely in the wrong place
Dish left a satellite in the wrong disposal orbit, the FCC said, noting it was the first enforcemen…
Kelsey Vlamis
Despite major crises, these Syrians innovated a sustainable business turning plastic junk into cheap mats!
30-year-old mat seller Mohammed al-Qassem notes that since these mats are relatively cheap, they're…
AIs trained on other AI output will start producing junk within a few generations, scientists warn
As more and more AI-generated content goes online, future AIs have a worse data pool, scientists sa…
Mia Jankowicz
Tesla debt is no longer junk-rated by Moody's after it upgrades Elon Musk's carmaker
"Tesla will maintain its position as one of the leading manufacturers of battery electric vehicles,…
George Glover
Bombay HC says bullet train project of 'national importance', junks Godrej plea
Declaring that the upcoming Mumbai-Ahmedabad bullet train project is of 'national importance', the …
The world is back to July 2022 — Russia's junked a vital food grain deal and Europe may be teetering on the brink of another energy crisis
Wheat and oil prices surged in 2022 following Russia's invasion of Ukraine — which threatened energ…
Huileng Tan
House Democrats see the Biden Administration's crusade against junk fees as a winning strategy for 2024 and are joining in on the fight against the 'hidden and deceptive' add-ons
In October 2022, the Biden Administration announced its plans to fight against hidden "junk fees."
Madison Hall
First Republic Bank, which was downgraded to junk by S&P and Fitch, is looking at a possible sale: Bloomberg
First Republic has not made a decision but it is expected to attract interest from larger lenders i…
Huileng Tan
A mystery rocket crashed into moon and left a 'double crater,' NASA says
NASA's Lunar Reconnaissance Orbiter spotted a double crater on the moon from a spacecraft impact. S…
Paola Rosa-Aquino
Junk-filled garages are transformed into luxe apartments for $150,000 in just a few weeks take a look inside
The San Jose, California garage, left, turned studio apartment, right, that Rebecca Möller's startu…
Kelsey Neubauer
First Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure
First Republic faces an "elevated" risk of depositors running to reclaim their cash in the wake of …
Carla Mozée
Coinbase's CEO assured investors this week there was no question of bankruptcy but its junk bonds are now worth almost as little as Russia's
Coinbase's 10-year bonds got slammed after the company's first-quarter results, and now yield almos…
Zahra Tayeb
A NASA helicopter took photos of wreckage from a rover that landed on Mars. It's yet another example of how humans are polluting other worlds.
The 4-pound chopper, the first aircraft to take flight on another world, snapped pictures of the Pe…
Paola Rosa-Aquino
Microsoft owned Minecraft junks Blockchain-based NFTs on its platform
Popular Microsoft-owned game Minecraft has announced not to support non-fungible tokens (NFTs), giv…
S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems
A report from the WSJ on Monday said banks were in talks to provide even more aid to First Republic…
Carla Mozée
6 things we found out were linked to cancer in 2022, from junk food to hair products
Scientists linked several food ingredients and personal care products to cancer risk in 2022, inclu…