Markets
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Biden’s student loan ‘on-ramp’ explained: Missed payments won’t hurt credit, but interest keeps adding up
President Joe Biden said he was “discouraged” and “angry” about the Supreme Court’s decision to block his student loan forgiveness plan on Friday — but there could still be some relief in sight for the roughly 40 million borrowers who would have benefited from seeing $10,000 to $20,000 of their debt disappear. Biden announced “a…
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Here’s what happens next for your loans now that the Supreme Court blocked student-loan cancellation and advocates push Biden to use other tools to cancel student debt
Hi, MarketWatchers. Don’t miss these top stories. Supreme Court ruling on student debt will ‘devastate’ millions of borrowers. No, it would have ‘punished’ poor Americans. Who’s right? Biden estimated that student-loan forgiveness would have helped more than 40 million borrowers. Republicans disagree. What if you can’t pay back your student loans when payments start again?…
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FSV Stock Price | FirstService Corp. Stock Quote (U.S.: Nasdaq)
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Did the market just miss a big opportunity??
Hey gang, it’s Jeff Bishop again. If you recall, I brought up Genprex (Nasdaq: GPNX) as a “? Bright Idea” to you several weeks ago. The stock made a very nice move up at that time, and then quietly faded over the last few weeks. Right now, I think it is time to get…
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This economist says he can’t rule out a Fed interest-rate cut by year-end. Here’s why.
Wharton professor Jeremy Siegel said on Friday that he is not ruling out an interest- rate cut by the Federal Reserve by the end of the year, despite market expectations. Traders in federal funds futures are pricing in a scant 1% chance that the central bank will lower its key interest rate from the current…
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JPMorgan, Goldman, Citi and Morgan Stanley boost dividends after Fed stress tests
Major U.S. banks including Morgan Stanley and JPMorgan Chase & Co. announced dividend increases late Friday, in the wake of the results of the Federal Reserve’s latest bank stress tests earlier this week. JPMorgan JPM, +1.40% said it plans to raise the bank’s dividend to $1.05 a share, up from $1 a share, for the…
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Nvidia has investors wondering: How long can a stock grow faster than the market?
Few companies grow at above-average rates for more than a year or two. Or, as the late British economist and philosopher John Maynard Keynes famously put it, trees don’t grow to the sky. This is especially important to remember now, with exuberant investors giving huge valuations to certain tech stocks. The poster child of such…
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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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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…