Tens of millions of Americans across the country are now eligible to apply for student loan cancellation under President Joe Biden’s loan forgiveness plan despite a number of lawsuits opposing the scheme. Biden announced the launch of the official application site at StudentAid.gov on Monday after a “beta” test version of the site was rolled out over the…
Applications Open for Biden’s Billion-Dollar Student Loan Forgiveness Plan Despite Mounting Lawsuits
October 18, 2022
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Applications Open for Biden’s Billion-Dollar Student Loan Forgiveness Program Despite Mounting Lawsuits
October 18, 2022
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bidenBusiness & Marketseconomic policiesEducation & Family NewsExecutive Branchlawsuitpersonal financePoliticsstudent loan forgivenessUSUS News
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Tens of millions of Americans across the country are now eligible to apply for student loan cancellation under President Joe Biden’s loan forgiveness program despite a number of lawsuits opposing the scheme. Biden announced the launch of the official application site at StudentAid.gov on Monday after a “beta” test version of the site was rolled out over the…
Sterling Pauses After UK Fiscal U-turn Rally, Yen Scrabbles Off 32-year Low
LONDON—Sterling paused on Tuesday, after surging almost 2 percent the day before, as improved investor sentiment sent the safe haven U.S. dollar lower against major peers following the UK’s dramatic U-turn on its fiscal plans. On Monday, new finance minister Jeremy Hunt scrapped most of Prime Minister Liz Truss’s economic plan and scaled back her…
Oil Prices Fall on Fears of Economic Slowdown
October 18, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices edged lower on Tuesday on fears of an economic slowdown and lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 41 cents, or 0.48…
World Shares Mostly Gain After Rally on Wall Street
October 18, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Stocks were mostly higher in Europe and Asia on Tuesday, tracking the latest rally on Wall Street. U.S. futures advanced and the dollar was trading near 149 Japanese yen. A release of China’s most recent economic growth figures due out Tuesday was postponed, removing one factor that had been expected to drive trading. No specific…
Top Morgan Stanley Strategist Says Stocks Are Ripe for Relief Rally, but Warns of Coming Bear Market
October 18, 2022
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMorgan StanleyrecessionS&P 500stocks
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A top Morgan Stanley strategist said that Wall Street is ripe for a short-term rally before falling deeper into a bear market. Shares in U.S based companies have been struggling since the start of the year, with the S&P 500 index on the verge of witnessing its biggest annual decline since the 2008 financial crisis….
Corporate Social Credit Scores Mirror China, Risk the Republic
October 17, 2022
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When the United States commenced serious trade relations with China in the late 1980s and early 1990s, the hypothesis of policymakers was that a capitalist market in China would segue into a Western-style, democratic, representative government. As China carries on its 40th Chinese Communist Party Congress this week, where Xi Jinping is expected to be…
Be Ready for ‘Great Stagflationary Instability,’ Warns Nouriel Roubini
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to the economist Nouriel Roubini. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for TIME magazine, in which he warned that the inflationary pressures that have popped up worldwide…
Be Ready for ‘Stagflationary Crisis,’ Warns Nouriel Roubini
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…
Be Ready for ‘Stagflationary Crisis,’ Economist Roubini Warns
The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…
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