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The U.S. Department of Education is stepping in to help colleges process forms faster after the fix to the new Free Application for Federal Student Aid (FAFSA) form threatened to delay the timeline for awards. More than 4 million FAFSA applications have been submitted since the new form was launched on Dec.…
By Raffaele Savi and Jeff Shen, PhD As we look ahead, our systematic analysis continues to support the case for an eventual “soft landing” economic scenario, where inflation falls to central bank targets without causing a recession. But the macroeconomic and market backdrop isn’t without uncertainty, and there are several…
A former senior FBI counterintelligence official, previously sentenced to federal prison for his association with a Russian oligarch, has been ordered to serve additional time in a separate case involving the receipt of foreign cash, according to the US Justice Department. Charles McGonigal, a 22-year veteran of the FBI who oversaw national security investigations…
Shares of Berkshire Hathaway Inc. Cl B BRK.B, +0.63% dropped 0.16% to $397.71 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, -0.37% rising 0.33% to 38,797.38 and the S&P 500 Index SPX, -0.48% falling 0.09% to…
Amer Sports Inc., the Finnish sportswear company that went public last week, on Tuesday launched an offering of $600 million worth of seven-year high-yield bonds. The Helsinki-based company AS, +3.03% and some of its units have also entered a new credit agreement, under which they will have a new $600…
My mother, 87, has minimal savings, and has $425,000 left on her mortgage.Her monthly payment is $3,300 and the home is valued between $800,000 and $1.1 million. But her Social Security payment is only $3,000 a month. I am supporting her right now. I have five siblings, but only one…
The refunding: The U.S. Treasury Department on Wednesday said it would sell $121 billion in notes and bonds next week. That’s up from $112 billion last quarter. The department will auction $54 billion of 3-year Treasury notes BX:TMUBMUSD03Y on Feb. 6, $42 billion of 10-year notes BX:TMUBMUSD10Y on Feb. 7…
© Reuters Here is your weekly Pro Recap of the past week’s biggest headlines in the electric vehicle space: Musk wants to incorporate in TX; Cuts at Polestar; and Chinese EV deliveries. Get news like this in real-time by signing up for InvestingPro.Chinese startups report EV delivery numbersChina’s electric vehicle…
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by about 2% on Friday and posted weekly losses after U.S. jobs data shrank the odds of imminent interest rate cuts in the world’s largest economy, which could dampen crude demand. Faltering growth in China and the possibility of some easing…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell for a second straight session on Thursday after a mixed, but overall solid batch of U.S. economic data, which is unlikely to stop the Federal Reserve from cutting interest rates by June, the first since the pandemic. The was last…