Author Frederick Valdez

September 21, 2022

PTI Islamabad: September 21Japan has agreed to defer around $160 million of debt for cash-strapped Pakistan as part of the...

Recession alone will not reduce eurozone inflation

September 21, 2022

COLOGNE, Germany (Reuters) - The euro zone could suffer a recession over the winter as risks to the growth outlook intensify, but even that is not enough to reduce inflation without further rate hikes said Euro...

Chinese leaders seem resigned to slowing economy

September 20, 2022

An almost deserted street in Shanghai, April 25, 2022. As Shanghai's lockdown and outbreaks in Beijing and elsewhere hit the economy, Chinese leader Xi Jinping is keeping his distance from the politically charg...

The NCC 2022 – Mandating Energy Efficient Homes

September 20, 2022

The National Building Code (CNC) 2022 will be available from October 1, 2022, with a series of new performance requirements designed to improve habitability and reduce energy consumption and carbon emissions. ...

Student Loans: When to Complete the Student Debt Cancellation Application

September 19, 2022

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Eurozone recession now seems almost inevitable for economists

September 19, 2022

Content of the article (Bloomberg) — The risk of a recession in the eurozone has risen to its highest level since July 2020 amid growing fears that a winter energy crisis could trigger a collapse in economic a...

House to vote on bill to split joint student loans

September 17, 2022

A short-lived federal program to combine married couples' student loans has trapped dozens of borrowers into loans ineligible for debt relief initiatives, including President Biden's recent announcement loan ca...

Liam Dann: Goodbye Covid, now is the time to take our economic medicine

September 17, 2022

The recession has been averted and we've passed the Omicron wave, but when it comes to the economy, let's not forget that we're only halfway through our prescribed dose of medicine. Photo / 123RFOPINION:New Ze...

Why are computers getting more powerful, but costing the same?

September 16, 2022

This is just one of the stories in our "I've Always Wondered" series, where we tackle all your business questions, big or ...

Navient CEO won’t sue Biden over student loan forgiveness, ‘clearly’ belongs

September 16, 2022

Navient CEO Jack Remondi has said he will not sue Biden over his student loan forgiveness plan. “It seems like a lot of people are h...

UK retail sales plummet, highlighting recession risk

September 16, 2022

A man carries a Union Jack themed shopping bag as he walks along an empty shopping street in Blackpool, Britain March 9, 2021. REUTERS/Phil Noble/File PhotoJoin now for FREE unlimited access to Reuters.comRegis...

Max Verstappen owns a $3 million Aston Martin hypercar, responsible for a mega lawsuit against a luxury car brand

September 15, 2022

Max Verstappen played a central role in the development of the latest Aston Martin Valkyrie, the car that sparked a huge lawsuit. Aston Martin's problems are not improving any time soon. The Brit...

world bank : The World Bank warns that the risk of recession increases in a context of higher interest rates

September 15, 2022

The threat of a global recession is growing as central banks rightly focus on curbing soaring inflation rates, the World Bank warned on Thursday, calling on governments to step in with policies to boost economi...

Biden touts Cut Inflation Act, critics say student loan forgiveness offsets gains

September 14, 2022

(The Center Square) – President Joe Biden touted the recently passed Cut Inflation Act during a speech on Tuesday, but analysts point to the recent cancellation of student debt as a “compensation” fo...

FTSE 100 down mid-morning, down 47 points, Dunelm Group PLC reports record profits

September 14, 2022

FTSE 100 down, down 47 points, after sharp falls in US and Asian markets UK inflation rate drops in August, helped by lower fuel prices Dunelm up after record profits Home goods ret...

Why is Fortescue stock price hammering on Wednesday?

September 14, 2022

Image source: Getty Images The Fortescue Metals Group Limited (ASX: FMG) The stock price is one of many ASX stocks being sold today. It is currently down more than 3%. Why? Well, for starters, it was a bad d...

Nearly half of US governors call on Joe Biden to cut student loan forgiveness plan | WFAE 90.7

September 13, 2022

Nearly half of the country's governors have signed a letter to President Joe Biden asking him to withdraw his student loan forgiveness plan that would forgive up to $20...

Recession in Europe makes US companies best option for investors, says Goldman

September 12, 2022

The US stock market has had quite a year. A recession may already be unfolding in Europe, and Goldman Sachs analysts are warning that shrinking economies there could have a major effect on European stocks. ...

Wall Street squirms as Main Street gets relief

September 12, 2022

It's been three months since May's high consumer prices report led the Federal Reserve to adopt a "whatever it takes" mentality to fight inflation. Markets are now bracing for an expected third consecutive 0.7...

DOE: No fuel supply constraints despite red and yellow alerts

September 12, 2022

Despite the yellow and red alerts triggered on the Luzon grid on Monday, Department of Energy (DOE) Secretary Raphael Lotilla said there were no fuel supply constraints in the grid. “We assure the public that...

How canceling student loans could boost the housing market

September 11, 2022

Text size The Student Loan Forgiveness Scheme could h...

Personal Finances: Why Increase Credit Limits Now

September 11, 2022

Leaning on a credit limit in a faltering economy is like expecting a weak bridge to weather a storm and lead you to survival.It is not uncommon for credit card issuers to minimize their risk by lowering credit ...

Lottery.com loses four board members as stock slide continues

September 9, 2022

Posted: September 9, 2022, 6:39 a.m. Last update on: September 9, 2022, 06:51h. ...

Indiana to tax canceled debt

September 9, 2022

Some Hoosiers could see more than $1,000 added to their tax bills next year due to a provision in state law that would address student loan debt, forgiven under an announced plan. recently by President Joe Bide...

Borrower has no regrets paying off student loans before debt forgiveness

September 7, 2022

Comment this storyCommentPatricia Young made the last payment on her daughter's federal student loans on August 8.Then, on August 24, President Biden announced a one-time rebate program that will erase up to $1...

Deutsche Bank CEO warns of recession, China and US banks

September 7, 2022

The logo of Germany's Deutsche Bank is displayed ahead of the bank's annual shareholder meeting in Frankfurt, Germany May 23, 2019. REUTERS/Kai Pfaffenbach/File PhotoJoin now for FREE unlimited access to Reuter...

U-Talk: Do you think the proposed student debt relief will make a meaningful difference in people’s lives? | News, Sports, Jobs

September 5, 2022

Adam Rubin, Special to Standard Examiner"Yeah. Well, that's a lot of money; you know, people are struggling. People who have a lot of student debt don't usually do v...

Explainer: Liz Truss inherits Britain’s economy heading into recession as new PM

September 5, 2022

People walk across the Millennium Bridge with the City of London's financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain January 20, 2021. REUTERS/Hannah McKayJoin...

European Stocks Tumble Amid Renewed Energy Supply Worries By Investing.com

September 5, 2022

© Reuters. By Peter Nurse Investing.com - European stock markets tumbled on Monday as investors worried about economic risks facing the region, including potential energy shortages as Russia cuts off gas ...

We need more power, warns Transpower amid concerns over lack of supply

September 5, 2022

ThingsTranspower reported that power supplies would likely be strained Tuesday evening.Electricity network operator Transpower has called on power companies to make more generation available to reduce the risk ...

Buying this stock could be a stroke of genius

September 3, 2022

At a time when many traders are struggling with the hangover from growth due to the pandemic, Ultimate beauty (ULTA -0.28%) moves in the opposite direction. The beauty product specialist recent...

Is the US economy headed for a recession?

September 3, 2022

This week's mystery: will there be a recession? The Federal Reserve raises interest rates as quickly as possible to fight inflation. Many economists believe that higher rates will cool t...

Respite: UW student borrowers react to federal debt relief | New

September 3, 2022

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwe...

U.S. manufacturing reports loss of output, but supply chain delays and pricing pressures ease

September 3, 2022

gorodenkoff/iStock via Getty Images S&P Global US Manufacturing seasonally adjusted Purchasing Managers Index™ (PMI™) posted 51.5 in August, compared to 52.2 in July at the lowest since July 2020. We look be...

Wyo #1 for Student Debt Relief | State and Region

September 2, 2022

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwe...

Iron ore falters as Chinese COVID weighs, real estate issues weigh

September 1, 2022

By Enrico Dela Cr...

Housing market downturn continues: Goldman Sachs

August 31, 2022

Soaring mortgage rates and house prices earlier this year hammered the housing market, pushing construction, sales and prices down.While industry optimists look for a rebound, Goldman Sachs economists disagree....

Black farmers in Michigan have been promised debt relief. But a federal bill changed the rules.

August 30, 2022

Remi Harrington received a letter last year saying, "Good news!" The federal government would pay the debt on his Kalamazoo farm.At first it was a huge weight on his shoulders.But debt relief from Zoo City Far...

European markets open at close, stocks, data, earnings

August 30, 2022

The Stoxx 600 makes gains in early tradingThe pan-European Stoxx 600 rose 0.8% in early trading, with banks adding 1.7% to the gains in the lead, with all sectors advancing except basic resources, which fell 0....

Japanese Yen Under Pressure As USD/JPY Climbs After Jackson Hole, Will Nikkei 225 Crash?

August 29, 2022

Japanese Yen, USD/JPY, Fed, Jackson Hole, Nikkei 225 – Asia-Pacific Market OpenJapanese yen tumbles as US dollar appreciates in past 24 hoursDovish Bank of Japan an obstacle to the JPY after Jackson HoleNikkei...

Rising inflation increases borrower default risk

August 29, 2022

Lawrence Agcaoili - The Filipino StarAugust 30, 2022 | 00:00 MANILA, Philippines – A rapid rise in inflation could increase the risk of default for borrowers in the Philippines, according to Moody's Investo...

Examining 3 of the Arguments in the Student Loan Forgiveness Debate: NPR

August 28, 2022

Student borrowers hold a ra...

UPDATE 1-Central banks must tighten policy even in recession, says ECB’s Schnabel

August 27, 2022

(Adds quote on recession risk, details on potential loss of confidence, context)By Balazs KoranyiJACKSON HOLE, Wyo., Aug 27 (Reuters) - Central banks around the world are at risk of losing public confidence and...

The market rebounds; Don’t miss these 3 great deals

August 27, 2022

After sliding for several months on fears of an impending recession, the stock market began to rebound. The S&P500 rebounded more than 10% from its low point in June. However, despite this reco...

Mapping the global economy: the housing crisis from the United States to Asia

August 27, 2022

Breadcrumb Links PMN Company Around the world, housing markets are slowing considerably, highlighting a sector that is very sensitive to interest rate increases. Author of the article: ...

US stock futures slip as investors await Powell’s speech in Jackson Hole

August 26, 2022

U.S. stock futures fell on Friday ahead of a much-anticipated speech by Federal Reserve Chairman Jay Powell that investors expect to provide guidance on the central bank's strategy to fight inflation in ...

Tough times for retailers as sales fall

August 26, 2022

Retail sales volumes in the June quarter fell at their fastest pace since the global financial crisis, economists said. For the June quarter, total seasonally adjusted retail sales volume was $26 billion, d...

Scammers jump on Biden’s student loan debt relief

August 25, 2022

GREEN BAY, Wis. (WBAY) — Almost as soon as the Biden administration announced student debt relief for millions of Americans, there were already scam artists trying to take advantage of it.On Thursday, the Wisc...

What is the New Student Debt Relief Plan? How to Apply for Student Loan Forgiveness, Explained

August 24, 2022

Anna Moneymaker/Getty Images The Biden/Harris administration finally unveils its student loan forgiveness plan, and the results are more promising than many could have hoped. Although the administr...

USD/JPY Holds Red Around 135.50 Amid Lower Yields, US Data Watched

August 24, 2022

USD/JPY keeps the corrective decline from monthly highs intact. The US dollar clings to recovery gains, but Treasury yields retreat. Rejection at the growing resistance of the channel...

Nordstrom slumps after quarter-end slump and lowered guidance (NYSE:JWN)

August 23, 2022

Gonzalo Marroquin/Getty Images Entertainment Nordström (NYSE: JWN) fell sharply after the release of second quarter results. Nordstrom banner net sales increased 14.7% and Nordstrom Rack sales increased 6....

Sugar Board wants all sugar production earmarked for domestic use │ GMA News Online

August 23, 2022

The Philippines could allocate all sugar produced in the next crop year for local use, the Sugar Regulatory Administration (SRA) announced on Tuesday. In a statement, Acting SRA Administrator David Alba...

This could be a memorable week for millions of young people

August 22, 2022

That's when US Education Secretary Miguel Cardona said Americans could expect a decision from the Biden administration on student loans. Millions of borrowers are anxiously waiting to hear whether President Joe...

Everyone talks about “silent weaning”, but is it a good idea?

August 21, 2022

The “silent shutdown” struck a chord. This means more time for friends, family and personal activities, not to mention the secondary hustle and bustle. But the latest workplace trend has its drawbacks. T...

Vijay Shekhar Sharma Reappointed as Managing Director and CEO of Paytm Amid IPO Crisis

August 21, 2022

One97 Communications Limited, the company that owns online payment app brand Paytm, will continue to be led by its Managing Director and Chief Executive Vijay Shekhar Sharma for another five years. Paytm, the...

How much of the $1,000 invested in Apple, Meta, Amazon, Netflix and Alphabet in mid-June would have been recovered before Friday’s plunge

August 20, 2022

Tech stocks had an uninspiring first half, after which they collectively lost several billion dollars in market capitalization. Given the sharp declines, investors began pricing in a rebound as fundamentals im...

Community Editorial Board: Student Loan Relief

August 20, 2022

Members of our Community Editorial Board, a group of community residents engaged and passionate about local issues, answer the following question: The pause in student loan repayments due to expire at the end o...

Investors abandon value stocks as fears of recession ‘haunt’ markets

August 19, 2022

Over the past two months, large investors have bought stocks of companies with strong growth prospects over cheaper value stocks in a sharp reversal prompted by a shift in sentiment on interest rates, l inflati...

Gains mitigate decline in FinTech IPO index

August 18, 2022

The winning caravan rumbles. And the results, as we've seen over the past week – at least for digital-first and digital-only to change financial services – have been mixed. The FinTech IPO index lost 1.6%. Yet...

US car sales fall in July, but not dealer profits

August 18, 2022

Image credit: Depositphotos.comThe number of new car sales in the United States fell dramatically last month compared to last year. But dealer profits don't hurt, as high prices push up results.A joint for...

Analysis – Biden’s debt relief plan disappoints black farmers for avoiding race

August 17, 2022

WASHINGTON (Reuters) - Some black farmers say they are disappointed with a new U.S. farm debt relief program that is expected to save thousands of farmers from foreclosure, after the plan did not specifically t...

Recession risk remains high as central banks rise

August 16, 2022

With the war in Ukraine driving up energy and food prices, labor shortages leading to high wage pressure, and China's tougher approach to disrupting supply chains By Covid, central banks began a...

Russian gas exports fall by a third because of Putin

August 16, 2022

If it cannot sell the gas, Russia may have to close fields, which could affect future production. Production in the first half of August was 36% lower than in the same two weeks last year, according to ICIS fi...

We need a truly free-for-all community college

August 15, 2022

When Joe Biden became the 2020 Democratic presidential nominee, he sat down with runner-up Senator Bernie Sanders, an independent from Vermont, and created the Biden-Sanders Unity Task Force to merge some...

M&A and LBO activity may be down from last year, but it remains at near record pace

August 15, 2022

Note: M&A data excludes PSPC mergers; Data: Dealogic; Graphic: Jacques Schrag/AxiosThe big business frenzy is over – or is it?The big picture: It depends on how you look at it. Corporate mergers and acquisit...

Meme and thematic ETFs rise as inflation fears ease

August 15, 2022

Latest ETF newsVisit our ETF Hub to learn more and explore our in-depth data and comparison toolsMeme beats and theme exchange-traded funds have made dramatic gains in recent weeks, buoyed by signs of a ...

Truck housing market soars amid supply and labor shortages

August 14, 2022

More Kiwis are eyeing trucking houses in an effort to avoid supply chain issues, escalating labor and material costs. This trend is proving more popular in places like Coromandel, where it is difficult to fi...

Activists celebrate President Biden’s leadership in passing the Cut Inflation Act; Turn the White House into a pivot for canceling student loan debt

August 14, 2022

Statement from Derrick Johnson, President and CEO, NAACP: “We are grateful to the White House for listening to the communities and individuals who represent those directly affected by staggering student debt...

Yamana Gold: Could hedge against economic headwinds (AUY)

August 13, 2022

johan63/iStock via Getty Images Faced with rising inflation and a significant risk of recession, Yamana Gold Inc. (NYSE: AUY), a mid-size Canadian producer of gold equivalent ounces, represents a good hedge wi...

Tencent’s problems worsen with waning investor interest as shares crash to near 4-year mark

August 13, 2022

Just 18 months ago, Tencent was poised to become Asia's second-largest trillion-dollar company, as the Chinese internet giant led the fight for dominance against its American rivals.But a market value wipeout o...

Supply restrictions drag auto sales down

August 13, 2022

CARACHI: Due to the ban on imports of auto parts in a bid to reduce the current account deficit (CAD), auto sales in Pakistan fell by 59% to 14,000 units in July 2022 compared to June 2022. This drop incl...

These 34 African countries are on the list of heavily indebted poor countries according to the World Bank

August 12, 2022

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Drought woes heighten Europe’s recession risk

August 11, 2022

Among other things, warm temperatures and a lack of rainfall in Europe this summer have caused several major waterways, including the Rhine, Po and Danube, to dry up, disrupting navigation in th...

Despite the post-pandemic crisis, global wearable shipments will reach 344 million by the end of 2022

August 11, 2022

Sports, fitness and wellness trackers and smart home compatible smartwatches are becoming the fastest growing segments following renewed consumer demand LONDON, August 11, 2022 /PRNewswire/ -- Demand for a...

Student loan collection system too tough, Education Ministry official says

August 10, 2022

Failure to pay your student loans could lead to the federal government withholding your salary, tax refunds and possibly Social Security earnings — a process that is both brutal and punit...

Norwegian Cruise Line sees delayed recovery from crisis

August 9, 2022

Norwegian Cruise Line forecast a loss for the current quarter and revenue below estimates as occupancy rates remained stubbornly below pre-pandemic levels, sending its shares down 12% on Tuesday.Its second ...

Can declining customer satisfaction help curb inflation?

August 9, 2022

ANN ARBOUR, Mich.--(BUSINESS WIRE)--Customer satisfaction in the United States continues to fall. Not only has it declined for three consecutive quarters; it has plunged 5% since 2018, the biggest dr...

Pandemic debt and parenting exacerbate women’s struggles | Monday morning coffee

August 8, 2022

Good Monday morning, everyone. Rising debt and parenting responsibilities during the COVID-19 pandemic have left women, especially women of color, financially challenged, a...

Asian equities at half mast, the dollar encouraged by the risk of American interest rate

August 8, 2022

FILE PHOTO - Pedestrians are reflected in a window in front of a chart displaying share prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David GrayJoin now for ...

Buffett’s Berkshire pounces on market crash to buy stocks

August 6, 2022

Breadcrumb Links PMN Company Warren Buffett's Berkshire Hathaway Inc. follows an old adage: buy the dip. Author of the article: Capitalist cards offered at a shareholder shopp...

When will inflation peak? The supply chain index has an index

August 6, 2022

One of the first signs that inflation was going to be a problem was the supply chain crisis of 2021. Remember last year when everyone felt like they had moved out and bought a new office so they could work ...

Can Zambia offer a roadmap to other indebted countries?

August 5, 2022

The tiny African country is pushing its creditors to forgo some of the loan repayments, creating a pathway that other low-income c...

Gold surges as recession scares, China-Taiwan tensions spark risk aversion

August 5, 2022

As geopolitical tensions escalate over US-China tensions and demand for safe-haven assets grows, investors are turning to gold which traded at near-month highs on Thursday and was heading to its third consecuti...

RBI increases repo rate by 50 basis points to 5.4%; maintains FY23 GDP forecast at 7.2%

August 5, 2022

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How traders can weather the economic storm with PrimeXBT

August 3, 2022

The U.S. Commerce Department announced last month that U.S. gross domestic product (GDP) fell for the second straight quarter. By definition, a recession is “a period of temporary economic decline during whi...

Robinhood sees 44% drop in revenue and cuts its workforce by 23%

August 3, 2022

Robinhood Markets Inc said on Tuesday it was cutting 23% of its staff as it posted a 44% drop in revenue due to the collapse in trading activity, in a surprise earnings announcement that took place a day earlie...

EXEC: Clarus battles supply chain constraints to deliver second quarter pace

August 2, 2022

Claris Corp. announced that its profits and sales exceeded Wall Street targets in the second quarter despite supply chain disruption in all segments. Full-year guidance was raised for its Precision ...

CFPB obtains $29.2 million judgment in mortgage lawsuit

August 2, 2022

By Jon Hill (August 1, 2022, 9:36 p.m. EDT) — A federal judge in Wisconsin on Monday granted a revised judgment for more than $29.2 million to the Consumer Financial Protection Bureau in a mortgage relie...

Has the recent Fed rate hike increased the risk of recession?

August 1, 2022

Recession fears are on the rise after the Federal Reserve last raised interest rates by 75 basis points (0.75%) at the July meeting of the Federal Open Market Committee. With a month-long hiat...

The collapse of the Chinese real estate market is becoming a real problem

August 1, 2022

Comment A few months ago, I wrote that the Chinese slowdown was much more than COVID-19 related and highlighted the challenges coming from the overweight of the real estate sector in the economy. A research pap...

Apple prepares to launch high-end MacBook Pro, mini with M2 chip

August 1, 2022

House " General " Study " Apple prepares to launch high-end MacBook Pro, mini with M2 chip Posted By: Gopi July 31, 2022 San Francisco, August 1 (SocialNews.XYZ) Apple is likely to expand its Mac portfoli...

Reghan Winkler: Student loan scams

July 30, 2022

If you have a student loan, be prepared. The pause on federal student loan payments is set to expire August 31, 2022. The pause was put in place in response to the COVID-19 emergency.The national stock of stu...

Swvl’s $100M acquisition of Smart Bus startup Zeelo is off, amid tech stock plunge – TechCrunch

July 29, 2022

All is not well with the proposed acquisition of the British bus platform Zeelo by the public transport group Swvl. Back in April, we covered how a potential $100 million acquisition was on the cards, and...

Treasury bond ETFs strengthen on recession risks, ease Fed outlook

July 29, 2022

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Bitcoin prices are not immune to recession risk

July 28, 2022

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Why Facebook’s Q2 Ads Drop Should Make Hollywood Nervous

July 27, 2022

Major entertainment studios are pinning their streaming success on tiered advertising platforms – and the tech industry is showing warning signs Hollywood is expected to be very ...

Kraft Heinz raises annual sales forecast on higher prices

July 27, 2022

Bottles of Heinz Tomato Ketchup, owned by the Kraft Heinz Company, go on sale in Queens, New York, U.S. November 16, 2021. REUTERS/Andrew Kelly/File PhotoJoin now for FREE unlimited access to Reuters.comReg...

Biden’s plan to stop profits piling student debt on veterans

July 26, 2022

The Department of Education unveiled new regulatory proposals to protect veterans and military personnel. He ...

Global GDP Growth Will Slow in 2022, 2023, Recession Risks High: S&P Global Market Intelligence

July 26, 2022