The few Americans who continued to make student loan payments during a federal pause enacted at the beginning of the pandemic will now be eligible for a refund. On Wednesday, President Biden announced...
Category: Finance
Live Finance News Updates.
One of the Alameda Research Co-CEO Leaving his Position
On Wednesday, 25th August, 2022, co-CEO of Alameda Research, Sam Trabuco went on to Twitter and announced stepping down from his role in the company. He further added that he would act as an advisor f...
How President Biden linked a $15 minimum wage to student loan reform
Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy ann...
Legacy NFL Teams Are At A Disadvantage
Deshaun Watson leads the NFL in escrow. Nick Cammett/Getty Images A week ago, the hammer came down. Cleveland Browns quarterback Deshaun Watson was suspended 11 games without pay and fined $5 million ...
Tesla stock split isn’t the only big catalyst for EV king, analyst says
Tesla’s three-for-one stock split that kicked in after the close of trading on Wednesday is just one of many catalysts driving the stock, crow Wall Street analysts. “After brutal shutdowns...
Cardano ’s Vasil Hard Fork is Around the Corner
Cardano network is moving slowly and steadily towards the much anticipated Vasil hard fork. However, it is also lagging behind its planned schedule. Charles Hoskinson cited the bugs within the code as...
Peloton (PTON) reports Q4 2022 losses mount
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton on Thursday reported widening losses and slumping sales for its fisc...
‘The Gods Were Smiling At Serena With This Draw’
NEW YORK, NEW YORK – SEPTEMBER 05: Serena Williams of the United States celebrates winning her … [+] Women’s Singles third round match against Sloane Stephens of the United States on Day S...
ECB Updated on Digital Euro Development
Recently, an ECB policy maker announced an update on the development of the digital euro and this sparked the debate again. On Wednesday, 24th August, 2022, Bank of Finland Governor, Olli Rehn said it...
IRS refunding $1.2 billion in late-filing fees for nearly 1.6 million
Ekaterina Goncharova | Moment | Getty Images The IRS on Wednesday announced it will waive penalties for many Americans who late-filed tax returns during the pandemic. Nearly 1.6 million filers will au...
Oklahoma City’s Chet Holmgren, No. 2 Draft Pick, Will Miss The 2022-23 Season With Foot Injury
SALT LAKE CITY, UTAH – JULY 05: Chet Holmgren #7 of the Oklahoma City Thunder looks on during a NBA … [+] Summer League game against the Utah Jazz at Vivint Arena on July 05, 2022 in Salt ...
Here’s Why The Fed’s Jackson Hole Symposium Isn’t A Big Deal For Investors
Topline While traders will be closely watching the Federal Reserve’s annual Jack Hole symposium for clues on future interest rate hikes, history shows that the event rarely moves markets in a big way ...
No love for homebuilder stocks at the Bank of America
Homebuilder stocks are down about 25% for the year but a Bank of America analyst says the macro environment warrants not buying the dip. BofA downgrades three homebuilder stocks On Thursday, Rafe Jadr...
How Jackson Hole Could Revive the Stock Market Rally
Text size The market will be listening carefully to Fed Chairman Jerome Powell’s speech in Jackson Hole, Wy. Graeme Jennings-Pool/Getty Images The stock market has gotten itself into a better pl...
The SEC Behind Investigating Fake Accounts on Twitter
On Wednesday, 24th August, 2022, the news spread all over that the US SEC opened an investigation against Twitter. A new regulatory file consisted of the details about the investigation of the Securit...
Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month
An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama. Michael Spooneybarger | Reuters Passengers aren’t the only ones ...
Does California have enough electricity to ban gas cars? — Quartz
California will ban the sale of internal combustion engine passenger cars by 2035, officials there said on Aug. 24. The policy, coming on top of new incentives for EV buyers in the Inflation Reduction...
Best Twitter Threads of the day – August 25th
A look into Ethereum’s “Triple” Halving effect Imagine Saylor's Microstrategy spent $4B to buy $ETH instead of BTC. Twice.And then again and again. Twice a year, in perpetuity. The Merge at curre...
Dollar Tree shares fall after company cuts guidance, invests in competitive pricing
Dollar General and Dollar Tree stores Getty Images Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its...
The Best New Movies And Shows On Netflix Today: August 25, 2022
The second season of ‘History 101’ premieres on Netflix on August 25, 2022. Netflix This week marks a fruitful one for NetflixNFLX , as many new movies and TV shows will be added to the st...
An Income Statement And Balance Sheet Showdown
Electric cars charging. Getty Images When it comes to electric vehicles, Tesla is head of the class. Over the years, other automakers have entered the EV space hoping to profit from this industry, and...
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
Congressman Tom Emmer Questioned The Treasury Against Sanction of Tornado Cash
On August 8th, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash. The sanction was against the fund laundering worth 7 Billion USD. The platfo...
how Emirates is wooing luxury travelers
Dubai’s Emirates airline in August announced an investment of over $2 billion to improve its inflight customer experience, including cabin interior upgrades and new menus — with unlimited caviar...
Meghan Markle’s ‘Archetypes’ Podcast Unseats Joe Rogan For Top Spot On Spotify
Topline Meghan Markle’s podcast Archetypes took down The Joe Rogan Experience as the top podcast on Spotify in the United States on Thursday, just two days after the Duchess of Sussex dropped the firs...
The housing market ‘in much worse shape’ than Fed wants to admit: Economist
The U.S. housing market is under pressure. Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates continue to have on ...
Top tweets of the day – August 25th
Bitboy drops lawsuit against fellow Youtuber, Atozy During his livestream today Bitboy stated he will be dropping the lawsuit against Atozy. pic.twitter.com/or1vNjgJWX — Caught In 4k ? (@bestvid...
Stablecoin-Issuer Tether ‘Holds Firm’ on Not Freezing Tornado Cash Addresses – Here’s Why
The issuer of the most widely used stablecoin says it is not freezing addresses linked to sanctioned crypto mixer Tornado Cash. Early this month, the Treasury Department’s Office of Foreign Assets Con...
Opinion: The stock market in all likelihood has entered a new bull phase — so you’ll want to own these five stocks
That didn’t take long. The slump in the S&P 500 Index SPX, +1.41% and Nasdaq Composite Index COMP, +1.67% after their meteoric rise off mid-June lows has a lot of market commentators asking two ke...