On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. “We shouldn’t be panicked about the level of household
Former Stifel banker James Cervantes was appointed chair of the California Housing Finance Agency’s board of directors by Gov. Gavin Newsom. Cervantes, who joined the board earlier this year, retired from Stifel in October 2020. He was a Stifel California managing director and, for a time, ran Stone & Youngberg, acquired by Stifel in 2011.
Central bankers face a more challenging economic landscape than they have experienced in decades and will find it harder to root out high inflation, top multilateral officials and monetary policymakers have warned. The world’s leading economic authorities this weekend sounded the alarm about the forces working against the Federal Reserve, European Central Bank and other
U.S. Virgin Islands Water and Power Authority CEO Andrew Smith said he expects a court will order WAPA to repay employee pension contributions over time despite the pension organization’s suit demanding immediate repayment. The repayment plan would be to pay off the $2.2 million in past due employee contributions to the system that WAPA owes.
The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what it takes to survive the bearish loom as the market prepares for the next bull run. Speaking to Cointelegraph during the Surfin’
Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Markets are expected to remain volatile for the remainder of the year or at least until inflation shows some sign of stabilizing without jeopardizing economic growth. Indeed, stocks sold
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later darling’s shares slid nearly 14% after hours when it reported a bigger-than-expected quarterly loss of 65 cents per share, according to Refinitiv. It also issued
Former “American Idol” producers Nigel Lythgoe and Ken Warwick listed their California winery for $22 million earlier this month. Warwick and Lythgoe bought the 160-acre Paso Robles property for $5.2 million in 2005. Originally, the investment property was supposed to include “American Idol” creator Simon Fuller, host Ryan Seacrest and judge Simon Cowell, Warwick said.
In this article TREE Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone to reach, according to a new report from LendingTree. Research from the online loan market company finds the mortgage denial rate
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Old Republic International (ORI). Old Republic recently delivered a solid third quarter beat, driven by improving underwriting profits across several of its insurance lines. Analysts also revised their earnings estimates higher
This video discusses some specific types of risk that a stock investor faces and works through some simple examples to illustrate how diversifying your portfolio can help mitigate some of these risks. Explore the opportunities for unlimited commission-free investing in Stocks & ETFs. – https://www.trading212.com/en/Free-Stock-Trading Download the free native mobile apps now: Trading 212 for
BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse. Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years. September means average 5.9% BTC price losses After two major BTC price
The New York Metropolitan Transportation Authority is running out of money as federal aid declines and many riders have not returned to the mass transit system in the wake of the COVID-19 pandemic. By the end of fiscal 2024, the MTA estimates federal pandemic relief funds will be exhausted and projects budget gaps of up
The writer is chief executive of the Resolution Foundation think-tank Economic crises have phases you can almost feel. They ebb and they flow, as the nature and scale of the crisis, and our awareness of it, changes. Single events often crystallise a shift, forcing policymakers to wake up to the fact they are required to
UBS voluntarily resigned as a co-manager from a Texas city bond issue that priced this week in the wake of the company’s placement on the state comptroller’s list of fossil fuel industry boycotters. Kerrville, Texas, Finance Director Julie Behrens confirmed on Friday that UBS had “voluntarily withdrawn” from the city’s $44.4 million general obligation bond
Just when the Ethereum ecosystem reached its final stages in preparing for the much-anticipated upgrade, The Merge, german cloud provider Hetzner, reiterated its stance against allowing mining operations for both proof-of-stake (PoS) and proof-of-work (PoW) applications. Hetzner, a private, centralized cloud provider, stepped in on a discussion around running blockchain nodes, highlighting its terms of
Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy. Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single session. Analyst: Powell retiring “soft landing” rhetoric As comments by Fed Chair, Jerome Powell, suggested that
Ryan McQueeney discusses the end of the semiconductor super cycle and compares Texas Instruments and Broadcom, two chip stocks that dividend investors might have on their radars right now. Texas Instruments: https://www.zacks.com/stock/quote/TXN?cid=CS-YOUTUBE-FT-VID Broadcom: https://www.zacks.com/stock/quote/AVGO?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
In this article SGEN PTON FTCH AFRM Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia,
Those who say it is more difficult to choose between two rights than two wrongs are correct—just look at the real estate market of Santa Barbara. The dramatic landscape of beaches, bluffs and hills stretches across the central coastal city, and impressive properties line many of its sought-after streets, making the decision of choosing one
Brian Snyder | Reuters The Federal Reserve chair Jerome Powell said on Friday there will be “pain” to come in the economy as a result of the central bank’s battle with inflation, and right now, small businesses are experiencing that pain on both sides of the fight. Inflation has been the No. 1 concern of
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC)
Municipals were steady Friday, while U.S. Treasuries were mixed and equities sold off in the aftermath of Federal Reserve Chair Jerome Powell’s promise the Fed will keep raising interest rates to combat inflation. In light of the market’s concern over Powell’s speech at Jackson Hole, BofA strategists Yingchen Li and Ian Rogow “continue to view the Fed’s hawkishness as a better
The scale of the challenge facing the UK’s next prime minister was laid bare on Friday when the energy regulator said household power bills would surge 80 per cent with further rises expected next year. Liz Truss or Rishi Sunak, the two candidates for the leadership of the Conservative party, will face a spiralling cost
Wayne County, Michigan, drew a two-notch upgrade to A1 from Moody’s Investors Service as a fiscal turnaround pushes its past distress further in the rear view mirror. Moody’s raised the county’s issuer rating and lease rental bonds issued for the Detroit-Wayne County Stadium to A1 from A3 this week and revised the outlook to stable
This week, Brian discuss Caterpillar (CAT), and Chevron (CVX) both of which have solid catalysts for growth going through 2018, and pay a nice annual dividend. Caterpillar: https://www.zacks.com/stock/quote/CAT?cid=CS-YOUTUBE-FT-VID Chevron: https://www.zacks.com/stock/quote/CVX?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com (AMZN) will announce an offer today to buy EA. Gap (GPS) – Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected
Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. The simple arithmetic of home payments drives this decline. Imagine a family that owned a house an refinanced it in the summer of 2020, taking advantage of low mortgage
In this article VCSA Anyaberkut | Istock | Getty Images As Vacasa works to grow its share in the vacation rental market, the property management company is tapping longtime travel executive Rob Greyber to be its next CEO. Greyber, who led Expedia‘s Egencia division from 2009 to 2020, will succeed current Chief Executive Matt Roberts,
Municipals were mixed Thursday as the market took a breather ahead of Fed Chair Jerome Powell’s Jackson Hole speech, while U.S. Treasuries improved five years and out and equities ended in the black. Outflows from municipal bond mutual funds intensified as investors pulled $1.180 billion out of funds in the latest week, versus the $229.263