Rivian closes $6.6B federal loan for Georgia EV plant before Trump takes office
The deal in the waning days of the Biden administration could insulate the loan from attempts to cut back on the Department of Energy’s Loan Programs Office, analysts say.
Rivian and Plug Power close government loan deals just before Trump takes office
Just in time, clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have closed loan agreements with the Biden administration that will fund the construction of manufacturing plants in the United States.
Rivian, U.S. finalize $6.6. billion loan before Trump retakes office
The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant.
Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration
The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will finance an electric vehicle plant in Georgia where the company,
Biden finalizing DoE loans for Plug Power, Rivian before Trump returns - Bloomberg
Plug Power (NASDAQ:PLUG) +1.7% and Rivian Automotive (RIVN) +1.1% in early trading Thursday following a Bloomberg report that the Biden administration is poised to finalize billions of dollars in financing for the two companies before President-elect Trump returns to the White House.
Rivian, Plug Power Stocks Draw Retail Buzz On Report of $8B Loan Push By Biden Ahead of Trump's Office Return
Rivian Automotive and Plug Power shares jumped in premarket trading Thursday, up nearly 2% and over 5%, respectively, drawing significant retail investor interest. The spike came after a Bloomberg report late Wednesday revealed that both companies might secure billions in financing from the Biden administration before Donald Trump assumes office next week.
Do you need an appraisal for a home equity loan?
It is possible to secure a home equity loan without an appraisal, although it may be more difficult to find. And in today's ...
Biden boosts loan for ioneer's Nevada lithium mine to nearly $1 billion
The U.S. Department of Energy has finalized a $996 million loan for ioneer's Rhyolite Ridge lithium project, according to ...
What Is a Mortgage Loan Servicer?
A mortgage loan servicer is a company that takes care of tasks related to administering a home loan, such as sending ...
In last major batch of student loan relief, Biden forgives $4.5B for 261K borrowers
On Wednesday, the federal Education Department approved $4.5 billion in student loan forgiveness for 261,000 former Ashford ...
Loan officer: I’m seeing more homebuyers with $8K to $10K mortgage payments
This Washington, D.C., mortgage planner says he has seen the monthly payments of new clients double in just a few years. Want ...
JPMorgan: Q4 Earnings, Consolidated Environment For Loan Growth
JPMorgan Chase exceeded Q4 expectations with $1.21 billion higher revenue and GAAP EPS of $4.81, showcasing robust economic ...
Biden's final student-loan forgiveness action has arrived
In Biden's last announcement on student-loan forgiveness, he canceled over $600 million in debt for nearly 9,000 borrowers.
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
The wages of federal student loan borrowers in default could be garnished starting in October, the Education Department says.
261,000 more student-loan borrowers get $4.5 billion in debt cancellation in Biden's final days in office
In the second student-debt relief announcement this week, Biden canceled loans for borrowers who were defrauded by Ashford ...
Student Loan Update: Republicans Announce New Proposal
The House Freedom Caucus' "218" Reconciliation Proposal would repeal much of President Biden's student loan forgiveness ...