hept27 | iStock | Getty Images Student loan debtors are poised to get some breathing room after President Joe Biden unveiled a plan last month to forgive up to $20,000 per borrower in federal student loans. But some experts say the one-time presidential pardon will not do much to alleviate […]
Finance
‘The president is right’ about the COVID-19 pandemic
U.S. Health Sec. Xavier Becerra supported comments over the weekend from President Joe Biden, who declared the pandemic over, but that COVID was still a problem. On CBS’s 60 Minutes, Biden said, “The pandemic is over. We still have a problem with COVID. We’re still doing a lot of work […]
FedEx is in ‘penalty box’ after profit warning: Strategist
FedEx’s (FDX) earnings warning and full year guidance retrieval put concerns about the economy into the forefront. The pre-earnings announcement also highlights the severity of the challenges facing the U.S carrier. “To categorize the magnitude, I don’t think it’s an understatement to say its extreme,” Jonathan Chappell, Evercore ISI senior […]
The Fed is not the stock market’s friend right now: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 20, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. One of the Federal […]
Goldman Sachs expects home prices will fall in 39% of U.S. cities next year
The U.S. housing market has cooled this year as mortgage rates surge and record home-price appreciation sidelines more buyers. And economists now expect this slowdown to result in lower prices in nearly half of markets across the country next year. “While we think national home prices will likely avoid a […]
Naspers confirms move of Tencent shares to Hong Kong clearing system
South Africa’s Naspers internet group has moved a $7.6bn chunk of its stake in Tencent to Hong Kong’s clearing and settlement system in order to smooth future sales of the shares to fund a stock buyback. Naspers, Tencent’s biggest shareholder, said in a statement that it had moved the block […]