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 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, 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.
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 ...
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.
Is it Still a Bad Idea to Loan Money to Friends and Family?
Lending money to friends and family is almost always a bad idea, as it can be tricky and introduce friction into the ...
Do you need an appraisal for a home equity loan?
It can take weeks or even months to have your home equity loan funds disbursed. You'll need to shop for lenders (you can us ...
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 ...
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 ...
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 ...
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 ...