Author: Daniel snow

Traders work on the floor of the New York Stock Exchange (NYSE) on May 19, 2025 in New York City. Spencer Platt | Getty Images News | Getty ImagesThe U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds.Whether the recoil in financial markets continues is largely in the hands of policymakers who seem intent on adding to the U.S. fiscal problems in the name of stimulating growth through President Donald Trump’s “big, beautiful” spending bill.For now, Wall Street experts are not…

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Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersCoreWeave shares popped 19% after announcing a $2 billion debt offering.The renter of artificial intelligence data centers powered by Nvidia chips said it had priced the notes at 9.25%, with a June 2030 maturity date. The deal represents a $500 million increase from its initial announcement.CoreWeave said it plans to use the capital to pay off outstanding debt. The company confirmed to CNBC that the debt offering was five…

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