Scott Carpenter

Blackstone Inc. rolled out a platform to lend against physical assets like inventory and equipment, as alternative asset managers increasingly muscle into territory long dominated by banks.

Telecom-infrastructure firm Extenet is facing a cash crunch that could force it to cease operations before the end of the month, according to a letter shared with the company’s bond investors.

Banks often wait a month before reporting new auto debt. Scammers benefit by taking out multiple fraudulent loans in that time.

Juneteenth, celebrated as a federal holiday on June 19, marks the day when slavery ended in the United States after the American Civil War.

A letter posted to an obscure trustee website by Extenet Systems warning of a possible collapse within days has stunned the firm’s bondholders and sent shock waves through the market for funding digital infrastructure projects.

(Bloomberg) -- Fannie Mae and Freddie Mac are taking on more interest-rate risk in their rapidly growing investment portfolios, driving a key gauge of their exposure to levels that rattled Wall Street two decades ago.

Disclosures from the housing-finance giants show their duration gaps have widened sharply in recent months, leaving their holdings more exposed to rate swings.

The Purple Martin Greenway in Rutherfordton, is one of the popular trails that is part of Rutherford Bound.

New draft legislation in Congress would direct housing giants Fannie Mae and Freddie Mac to buy homebuilder construction loans and package them into bonds in the latest push to cut the cost of building homes and boost supply.

The bill was one of three filed on Thursday aimed at reforming the two government-sponsored enterprises, all of them from Representative Scott Fitzgerald, a Wisconsin Republican.