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STNG Stock Price | Scorpio Tankers Inc. Stock Quote (U.S.: NYSE)
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The Biden administration has a new strategy for student-loan forgiveness — but there are risks it could meet the same fate
Hours after the Supreme Court struck down his student-debt relief plan, President Joe Biden announced that he would look to cancel debt en masse via other means. But whether borrowers’ wallets feel the impact of the announcement will depend on its implementation, experts say. The court ruled Friday that the Biden administration doesn’t have the…
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Like shoppers at a retail store, IPO investors are demanding discounts and displaying price sensitivity
IPO investors, much like retail shoppers in recent years’ inflationary environment, are demanding clear discounts and demonstrating sensitivity to price and valuations, according to Renaissance Capital. The provider of IPO exchange-traded funds and institutional research said that’s a positive — even if tech unicorns in the pipeline would prefer it were not the case. “Quality……
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Why U.S. taxes must increase
“ The U.S. needs to pay for the structural increases in spending that demographics, climate change and intra- and intergenerational fairness will require. ” Now that the brinkmanship over the U.S. federal debt limit has been suspended until January 1, 2025, two major, interdependent fiscal-policy challenges demand attention. First, America’s public debt must be put on…
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A global recession is coming, Nouriel Roubini says. Stock and bond investors should get ready.
There are currently four scenarios for the global economic outlook. Three of these entail potentially serious risks with far-reaching implications for markets. The most positive is a “soft landing,” where central banks in the advanced economies manage to bring inflation back down to their 2% targets without triggering a recession. There is also the possibility…
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FRO Stock Price | Frontline PLC Stock Quote (U.S.: NYSE)
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Do religious employees have to work on Sundays? Supreme Court weighs in.
Do devout Christians have to work on Sundays? Will businesses have to make greater accommodations for devout Jewish or Muslim workers? The Supreme Court’s decision on Thursday stands to, for the first time in a haf-century, dramatically reshape federal rules that govern how employers must treat religious employees. In Groff v. DeJoy could come on…
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Dow finishes 270 points higher as cyclical stocks lead, Nasdaq drags as Treasury yields rise
U.S. stocks finished higher on Thursday with cyclical sectors like financials, materials and industrials seeing the strongest gains, while higher Treasury yields dragged on the tech-heavy Nasdaq. What happened Dow Jones Industrial Average DJIA gained 269.76 points, or 0.8%, to close at 34,122.42. S&P 500 SPX gained 19.58 points, or 0.5%, to 4,396.44. Nasdaq Composite…
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‘Pokemon Go’ maker Niantic to lay off 230 workers
Niantic Inc., the company that created the popular “Pokemon Go” game, announced 230 layoffs Thursday, joining the list of tech companies making head-count reductions. In an email to employees that was posted on the company’s website, CEO John Hanke said that Niantic had allowed its expenses to grow faster than revenue. “In the wake of…
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Did you see this stock take flight yesterday? ?
*Sponsored by IA Media LLC, see disclosures below It’s been a while since I saw an opportunity like we have with Trio Petroleum (TPET). As I mentioned yesterday, this tiny $1 oil stock – that had a recent IPO much higher than current levels – appears to be an overlooked opportunity in this market.…