by Reuters | Jul 14, 2023 | Economy, Politics, Top News, US
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration will cancel $39 billion in student debt for more than 804,000 borrowers, the Education Department said on Friday, describing the relief as the result of a “fix” to income-driven...
by Reuters | Jul 14, 2023 | Business, Economy, US
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Global hedge funds rushed to unwind bets that U.S.-listed stocks will fall, as a persistent rally threatens their performance, JPMorgan Chase and Goldman Sachs told clients in reports. “For...
by Reuters | Jul 14, 2023 | Business, Economy
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat Wall Street estimates for the second-quarter with record profit even as its chief Jamie Dimon cautioned about unprecedented economic risks. The largest U.S. lender’s profit climbed as it earned more...
by Reuters | Jul 14, 2023 | Business, Canada, Economy
(Reuters) – Pot producer Canopy Growth has signed agreements with lenders to reduce its debt by C$437 million ($333.36 million) over the next six months, weeks after the Canadian firm raised doubts about its ability to continue as a going concern. The agreements...
by Editor, IWD | Jul 13, 2023 | Business, Economy
A significant player with considerable resources has recently taken a bullish position on Shell (NYSE:SHEL), which is crucial information for retail traders. The emergence of this sizable investment in publicly available options history raises intrigue, often...
by Reuters | Jul 13, 2023 | Business, Economy, US
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday he’s not ready to call an all clear on U.S. inflation and favors more rate rises this year, saying the upcoming July meeting should bring an increase. “The robust...
