Biden's student loan forgiveness program was rejected by the Supreme Court. Here's what borrowers need to know
The Supreme Court struck down President Joe Biden's student loan forgiveness program Friday, blocking millions of borrowers from receiving up to $20,000 in federal student debt relief, just months before student loan payments are set to restart after a yearslong pause.
2023-07-01 05:19
Read the opinion: Supreme Court student loan forgiveness decision
The Supreme Court on Friday ruled against the Biden administration's student loan forgiveness plan, which aimed to provide relief to millions of borrowers struggling with debt.
2023-06-30 23:20
Supreme Court blocks Biden's student loan forgiveness program
In a stinging defeat for President Joe Biden, the Supreme Court blocked the administration's student loan forgiveness plan Friday, rejecting a program aimed at delivering up to $20,000 of relief to millions of borrowers struggling with outstanding debt.
2023-06-30 22:50
Why Wall Street is bullish on beaten-down energy stocks
Some investors are turning bullish on energy stocks, despite their disappointing performance this year and some major challenges facing Big Oil.
2023-06-30 19:57
Supreme Court revives case brought by postal worker seeking religious accommodations
The Supreme Court revived the case of a former mail carrier, an evangelical Christian, who said the United States Postal Service violated federal law by failing to reasonably accommodate his inability to work on Sundays.
2023-06-30 01:19
The Fed is secretly stress testing the US economy against nightmare scenarios
Federal Reserve Chair Jerome Powell seemed uncharacteristically relaxed yesterday at the European Central Bank conference in Portugal. The Fed head shed his reading glasses and wore his shirt collar open with no tie as he cracked jokes alongside a panel of his central banking contemporaries.
2023-06-29 19:59
The Fed is about to reveal how safe America's biggest banks are after the crisis earlier this year
The Federal Reserve is set to release the results from its annual bank stress test on Wednesday after US markets close. The tests, born out of the Great Recession, are undertaken in order to determine if the nation's largest banks can withstand a severe economic downturn.
2023-06-28 22:27
AmEx names insider Christophe Le Caillec as CFO after Campbell decides to retire
Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire
2023-06-27 20:24
Extreme weather is hitting parts of the US. That's bad news for the economy
We've all heard Wall Street bigwigs compare the looming recession to gathering storm clouds, hurricanes, and heavy fog. But what happens when those weather events are no longer just analogies?
2023-06-27 19:56
Pregnant workers and nursing moms have new protections on the job
Pregnant workers should have an easier time getting a stool, extra bathroom breaks or a bottle of water without fear of getting fired, thanks to a new law that takes effect on Tuesday.
2023-06-27 18:17
Who created The Comfy? 'Shark Tank' judge Barbara Corcoran made a whopping $468M from investing in product
Barbara Corcoran made around $500 million after investing $50,000 in The Comfy
2023-06-27 17:47
Gary Neville to be guest on Dragons’ Den panel
Gary Neville will join the cast of the BBC programme Dragons’ Den when the series returns to screens next year. The former Manchester United and England defender will appear as a guest on the panel alongside fashion and retail entrepreneur Emma Grede. In addition to his regular role as a Sky Sports pundit, Neville has built a portfolio of business interests including a hotel and other property developments since his retirement from football. Neville said: “I am excited to join the Dragons, and to meet the entrepreneurs brave enough to face us in the Den. “I hope my personal journey shows that you can take the experiences you’ve had in one part of your career and use them to do something entirely different and make it a success.” Neville and Grede will sit alongside the regular panel of Peter Jones, Deborah Meaden, Touker Suleyman, Sara Davies and Steven Bartlett, running the rule over entrepreneurs seeking investment in their business ideas.
2023-06-27 16:25