CoreWeave co-founder Brannin McBee told the Financial Times that insurers' capital is 'unlimited', even as the $39bn neocloud provider's stock fell as much as 28% during the week amid a surge in the cost of insuring against default on its $35bn of debt. The company uses NVIDIA chips as collateral in offtake contracts, and McBee said each dollar earned first pays interest, principal and running costs, with 20 cents going to the parent. WSJ reported that one CoreWeave bond is trading at distressed levels, and Bloomberg said its debt is priced for a 60% chance of default in five years. Co-founders have sold $3.3bn of shares, and Partners Group is cutting or reassigning dozens of private equity jobs.
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A new calculator from the Get the Facts Data Team shows how many gallons a given amount of money buys at the pump, based on the EIA's monthly national average price for regular gasoline. Regular gasoline averaged $4.36 in September, and the gasoline index was up 34.2% year over year. The BLS reported that gasoline rose 9.1% in September, accounting for over half of the month's overall increase, and overall inflation reached 3.7% year over year as the ongoing U.S. war with Iran keeps oil prices elevated.
- Gas price calculator shows how far your money goes
Gas prices have risen sharply since the U.S. war with Iran began in February, with the EIA's average regular gasoline price at $4.36 in September. The Get the Facts Data Team built a calculator that shows how many gallons a given amount of money buys at the pump, based on each month's national average price. The BLS reported that the gasoline index rose 34.2% year over year in September, and a 9.1% monthly jump in gasoline accounted for over half of the overall monthly increase in prices. Overall inflation worsened to 3.7% year over year as oil prices stay elevated amid the ongoing conflict.
- Gas price calculator shows how far your money goes
A new gas price calculator from the Get the Facts Data Team shows how many gallons a given amount of money buys at the pump, based on the U.S. Energy Information Administration's monthly national average price of regular gasoline. Gas prices have risen sharply since the U.S. war with Iran began in February, with the average regular price at $4.36 in September. The Bureau of Labor Statistics reported that the gasoline index was up 34.2% year over year in September, and overall inflation worsened to 3.7% year over year as oil prices stayed elevated.
- Gas price calculator shows how far your money goes
Gasoline prices have risen sharply since the US war with Iran began in February, with the average price of regular gasoline at $4.36 in September, according to the U.S. Energy Information Administration. A new calculator from the Get the Facts Data Team shows how many gallons a user's money buys at each month's average price. The Bureau of Labor Statistics reported that the gasoline index was up 34.2% year over year in September, and a 9.1% monthly surge in the index accounted for over half of the overall monthly increase. Overall inflation rose to 3.7% year over year as oil prices stayed elevated.
- Gas price calculator shows how far your money goes
Gas prices have sharply risen since the U.S. war with Iran began in February, with the average price of regular gasoline at $4.36 in September, according to the EIA. The Get the Facts Data Team's new calculator shows how many gallons a given amount of spending buys at the pump, based on EIA's monthly national average prices. The BLS reported that the gasoline index rose 34.2% year over year in September, and its 9.1% surge accounted for over half of the monthly increase in all items. Overall inflation worsened to 3.7% year over year as the ongoing war keeps oil prices elevated.
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