The Biden administration’s new relief program, known as SAVE, has placed federal student loan borrowers into an administrative forbearance. This means that eligible borrowers will not have to make any payments on their debt while the legal battle involving SAVE plays out. The program is designed to provide relief to millions of borrowers who are
admin
The highly anticipated release of Disney and Marvel’s “Deadpool & Wolverine” has exceeded expectations with a staggering $38.5 million in Thursday previews. The film is on pace for a domestic debut exceeding $150 million, potentially setting a new record for an R-rated film. As the latest addition to the Marvel Cinematic Universe, “Deadpool & Wolverine”
In the second quarter of the year, Bristol Myers Squibb reported earnings and revenue that exceeded expectations. The pharmaceutical giant raised its full-year revenue forecast, indicating a positive trajectory for the company’s financial performance. The increase in revenue is projected to be in the upper end of the low single-digit range, showcasing a strong outlook
The recent announcement of LVMH’s sponsorship deal for the 2024 Paris Olympic Games marks a significant milestone in the world of luxury brands. This unprecedented venture took a year of negotiations and culminated in a staggering $160 million investment from the parent company of renowned brands such as Celine, Louis Vuitton, Loewe, Tiffany, TAG Heuer,
Living in a major city like Shanghai can come at a steep cost, with monthly rent in the city-center averaging around $2,700. However, according to Numbeo’s data, the real shock comes from cities like Hong Kong and Singapore, where the cost of living is even higher. A family of four in these cities can expect
This week marks a significant milestone in the cryptocurrency markets as spot ether exchange-traded funds make their debut. Among the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission on Tuesday is Franklin Templeton. The firm launched the Franklin Ethereum ETF (EZET), which has experienced a decline of about 10%
Warren Buffett’s Berkshire Hathaway has been steadily reducing its stake in Bank of America over the past six straight trading days. The conglomerate sold an additional 18.9 million shares over a period of Monday, Tuesday, and Wednesday, at an average price of $42.46, generating $802.5 million in proceeds. This recent sell-off follows the sale of
With Vice President Kamala Harris on track to become the Democratic nominee for president, there is much speculation on how her policies will align with those of President Joe Biden, particularly in the realm of affordable housing. Harris has been a vocal advocate for affordable housing throughout her career, aiming to ensure that every American
American Airlines recently announced a significant cut to its profit forecast for the year, attributing the reduction to a failed sales strategy and an oversupply of flights in the industry. The airline now expects to earn between 70 cents to $1.30 per share, a substantial decrease from the initial forecast of $2.25 to $3.25 per
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market, resulting in discounted ticket prices during a typically lucrative time of the year. The airline projected a decrease in unit revenue of up to 2% compared to the previous year, along with a potential rise
