Kuwait Starts Mobilizing Banks for $6 Billion Bond Sale
The OPEC-member started approaching banks earlier today and is still in the process of contacting others, the officials said, asking not to be named. The offering is for dollar-denominated bonds, for the current fiscal year ending March 31, 2026, the officials said.
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33 minutes ago
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You can now Venmo the US Treasury to help pay down the national debt — should you give a patriotic 'gift' to Uncle Sam?
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. It's no secret that America has a debt problem. But did you know you can now help pay it down the same way you'd split a meal with a friend? Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes That's right. Under the 'Gifts to Reduce the Public Debt' section on the U.S. Treasury now accepts payments via Venmo and PayPal — in addition to debit cards, credit cards and bank transfers. The update was spotted by NPR's Jack Corbett, who shared a screenshot of the new payment options via X on July 23. The post quickly went viral, racking up millions of views from users, many of whom were not impressed. 'You can also take your hard-earned money and put it in a fire pit and burn it,' reads one comment. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it It's easy to see why people are skeptical. The U.S. national debt has ballooned to $36.7 trillion — and it's growing at an alarming pace. Since 1996, Americans have personally contributed approximately $65 million toward the national debt, according to Treasury data. Hardly a dent. Others pointed out that they already 'help' the Treasury by paying taxes. But the reality is, while the government does collect trillions in taxes, it consistently spends more than it takes in. In fiscal year 2024, the federal government brought in $4.92 trillion in revenue, but spent $6.75 trillion — resulting in a deficit of $1.83 trillion. So, no, a Venmo payment won't fix America's debt crisis. And according to some experts, the consequences of a high national debt could be severe. 'A debt death spiral' — and how to protect your money Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, warned earlier this year that the U.S. is headed for what he calls 'a debt death spiral.' 'A debt death spiral is that part of the cycle when the debtor needs to borrow money in order to pay debt service and it accelerates,' Dalio said. 'And then everybody sees that and they don't want to hold the debt.' Highlighting the dire situation, he noted that the U.S. federal government now spends almost $1 trillion a year just on interest payments. When debt loads become unsustainable, lenders start fearing defaults. But according to Dalio, the U.S. is unlikely to default in the traditional sense. The bigger threat? Depreciation of our currency. 'There won't be a default — the central bank will come in, and we'll print the money and buy it,' he says. 'And that's where there's the depreciation of money.' To protect your wealth, Dalio emphasized the role of one time-tested asset. 'People don't have, typically, an adequate amount of gold in their portfolio,' he noted. 'When bad times come, gold is a very effective diversifier.' Gold's role here is straightforward: unlike fiat currencies, the yellow metal can't be printed at will by central banks. It's also widely regarded as the ultimate safe haven. Gold is not tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it — driving prices higher. Over the past 12 months, the price of the precious metal has surged by more than 35%. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to help shield their retirement funds against economic uncertainties. When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in precious metals for free. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — A time-tested income play Gold isn't the only asset investors rely on to preserve their purchasing power. Real estate has also proven to be a powerful hedge. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply. Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work — managing tenants, maintenance and repairs can quickly eat into your time (and returns). The good news? You don't need to buy a property outright — or deal with leaky faucets — to invest in real estate today. One option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. A finer alternative It's easy to see why great works of art tend to appreciate over time. Supply is limited and many famous pieces have already been snatched up by museums and collectors. Art also has a low correlation with stocks and bonds, which helps with diversification. In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie's New York, making it the most valuable collection in auction history. Investing in art was traditionally a privilege reserved for the ultra-wealthy. Now, that's changed with Masterworks — a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat and Banksy. It's easy to use, and with 23 successful exits to date, every one of them has been profitable thus far. Simply browse their impressive portfolio of paintings and choose how many shares you'd like to buy. Masterworks will handle all the details, making high-end art investments both accessible and effortless. Masterworks has distributed roughly $61 million back to investors. New offerings have sold out in minutes, but you can skip their waitlist here. See important Regulation A disclosures at What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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43 minutes ago
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UnitedHealth replaces CFO in another leadership shakeup
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Dive Brief: UnitedHealth announced on Thursday it will replace its CFO, another significant executive change for the healthcare behemoth as it mounts a financial turnaround. Wayne DeVeydt, most recently a managing director and operating partner at investment firm Bain Capital, will take up the CFO role on Sept. 2, according to a press release. John Rex, the company's CFO since 2016, will become a strategic advisor to CEO Stephen Hemsley, who returned to the top job in May after UnitedHealth's previous CEO stepped down. Dive Insight: DeVeydt will take up the job at UnitedHealth, which includes the nation's largest insurer as well as a major pharmacy benefit manager and large network of physicians, as the firm faces an array of challenges, including growing scrutiny over its business practices that increased after the head of its health insurance unit was killed in December. Last month, the healthcare giant confirmed it's under federal investigation from the Department of Justice over its Medicare program. The company also pulled its 2025 guidance this spring after posting first-quarter financial results that missed investor expectations. UnitedHealth's stock is trading about 50% less than it was at the start of the year, and the firm was recently downgraded by investment banks. The shakeup comes months after Hemsley, chairman of UnitedHealth's board of directors and a former head of the healthcare giant, replaced Andrew Witty as chief executive. Now, UnitedHealth is again shaking up its leadership at the top level by replacing Rex, who joined the firm in 2012 as CFO of its new Optum health services business. Before working at Bain, incoming CFO DeVeydt served as chairman and CEO of surgical facility operator Surgery Partners from 2018 to 2020. He'd also previously worked at insurer Anthem, now named Elevance, and consultancy PricewaterhouseCoopers, according to a press release. Earlier this week, UnitedHealth set new financial guidance for the year that fell below analyst expectations. The company now projects $16 in adjusted earnings per share between $445.5 billion and $448 billion in revenue. In the second quarter, the firm reported $111.6 billion in revenue, up 13% year over year, while profit declined 19% to $3.4 billion. Recommended Reading UnitedHealth expects lower profits in 2025 amid medical cost spike
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2 hours ago
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Entergy (NYSE:ETR) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Entergy Corporation (NYSE:ETR) does have debt on its balance sheet. But should shareholders be worried about its use of debt? We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. When Is Debt Dangerous? Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. When we examine debt levels, we first consider both cash and debt levels, together. What Is Entergy's Debt? You can click the graphic below for the historical numbers, but it shows that as of June 2025 Entergy had US$30.4b of debt, an increase on US$28.8b, over one year. On the flip side, it has US$1.18b in cash leading to net debt of about US$29.2b. How Strong Is Entergy's Balance Sheet? According to the last reported balance sheet, Entergy had liabilities of US$6.51b due within 12 months, and liabilities of US$45.3b due beyond 12 months. On the other hand, it had cash of US$1.18b and US$1.67b worth of receivables due within a year. So its liabilities total US$49.0b more than the combination of its cash and short-term receivables. When you consider that this deficiency exceeds the company's huge US$40.4b market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. Check out our latest analysis for Entergy We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it. With a net debt to EBITDA ratio of 5.1, it's fair to say Entergy does have a significant amount of debt. But the good news is that it boasts fairly comforting interest cover of 3.1 times, suggesting it can responsibly service its obligations. Looking on the bright side, Entergy boosted its EBIT by a silky 41% in the last year. Like the milk of human kindness that sort of growth increases resilience, making the company more capable of managing debt. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Entergy's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting. Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So we always check how much of that EBIT is translated into free cash flow. Over the last three years, Entergy saw substantial negative free cash flow, in total. While investors are no doubt expecting a reversal of that situation in due course, it clearly does mean its use of debt is more risky. Our View To be frank both Entergy's net debt to EBITDA and its track record of converting EBIT to free cash flow make us rather uncomfortable with its debt levels. But on the bright side, its EBIT growth rate is a good sign, and makes us more optimistic. We should also note that Electric Utilities industry companies like Entergy commonly do use debt without problems. Overall, we think it's fair to say that Entergy has enough debt that there are some real risks around the balance sheet. If everything goes well that may pay off but the downside of this debt is a greater risk of permanent losses. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately, every company can contain risks that exist outside of the balance sheet. For example, we've discovered 2 warning signs for Entergy (1 shouldn't be ignored!) that you should be aware of before investing here. At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
