Eskom's Profit Surges 36% Amid Grid Stabilization and Transmission Expansion Plans

Pagaya Technologies raised $399 million through bonds tied to subprime auto loans, with the largest tranche priced at 1.5 percentage points above the benchmark rate, compared to initial guidance of 1.25 to 1.3 percentage points. Investor scrutiny has increased following the collapse of Tricolor Holdings, a Texas subprime car lender. Pagaya's aggressive originate-to-sell business model has raised concerns.