Hobo_018 | E+ | Getty ImagesWhy these two plans reopenedThe Education Department made the plans available again while its new repayment program, the Saving on a Valuable Education plan, or SAVE, remains tied up in legal battles.Republican attorneys general in Kansas and Missouri, who led the legal challenges against SAVE, argue that President Joe Biden is essentially trying to find a roundabout way to forgive student debt after the Supreme Court blocked his sweeping debt cancellation plan in June 2023.The SAVE plan comes with two key provisions that the lawsuits have targeted. It has lower monthly payments than any other federal student loan repayment plan, and it leads…
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A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China.Nurphoto | Nurphoto | Getty ImagesAustralia market opened lower on the last trading day of the year, while investors in Asia awaited manufacturing data from China.Australia’s S&P/ASX 200 traded 0.56% lower on a shortened trading day.Japan and South Korea’s stock markets are closed for the New Year’s Eve holiday. South Korea’s consumer inflation accelerated in December, rising 1.9% year on year. CPI came in at 1.5% in November. On a month-on-month basis prices rose 0.4%.Traders will be monitoring China’s manufacturing PMI for December. Analysts polled by Reuters forecast…
The final trades of the day with the Fast Money traders. Source link
Traders work on the floor at the New York Stock Exchange.Brendan Mcdermid | ReutersStock futures were slightly lower ahead of the final trading session of 2024, following another booming year for Wall Street that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence.Futures tied to the Dow Jones Industrial Average dipped 40 points, while S&P 500 futures edged down 0.2%. Nasdaq-100 futures lost nearly 0.3%.The S&P has surged more than 23.8%, putting it solidly on pace for its second consecutive gain above 20%. The Dow Jones…
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a runway, which Jeju Air Flight 7C2216 slammed into Sunday morning, killing all but two of the 181 people on board.The plane, a Boeing 737-800, belly-landed on the runway after an overnight flight, apparently with flaps and landing gear retracted. The jetliner burst into flames after hitting the…
Sam Darnold’s Minnesota Vikings won again, for the ninth week in a row and the 14th time in 16 games during this preposterously purple season.Of course they did.When the Vikings returned to their locker room, they hoisted Darnold onto their shoulders and tossed him around like drunken concertgoers, showering their quarterback with water and whatever other beverages were available.Because, again, of course they did.The Vikings’ 27-25 victory over the Green Bay Packers did something else no one could have imagined in a saner NFL world. It rendered meaningless the Detroit Lions’ looming Monday night matchup against the San Francisco 49ers,…
Jason Wilk, chief executive officer of Dave, during TechCrunch Disrupt in San Francisco, California, US, on Monday, Oct. 28, 2024. David Paul Morris | Bloomberg | Getty ImagesThe U.S. Justice Department filed a complaint and announced a civil enforcement action on Monday against financial technology company Dave Inc and its CEO Jason Wilk for alleged violations of federal law.The Justice Department and the Federal Trade Commission alleged the company lured users to its personal finance app by advertising cash advances of up to $500 that many never receive.The complaint, filed by the Justice Department, seeks unspecified amounts of consumer redress and…
Wells Fargo shares have been on a roll in the fourth quarter of 2024 despite their December pullback. With a key catalyst on the horizon, the momentum looks like it can continue in the new year. Year-to-date performance: up 43.6% Forward price-to-earnings multiple: 12.7 versus a five-year average of 11.5 Our rating: Hold-equivalent 2 rating Our price target: $80 a share WFC YTD mountain Wells Fargo (WFC) year-to-date performance ’24 look back Wells Fargo’s run this year was driven by the Federal Reserve’s loosening monetary policy, which began in September. Lower interest rates mean better net interest income (NII) for…
You get only one opportunity to turn 40 years old. LeBron James does it Monday in supernatural fashion, remaining an athletic marvel as he steps into the big 4-0 during his 22nd NBA season.While his game may not reach its familiar peaks as often as its used to, doing what LeBron is doing this season — averaging 23.5 points, 7.9 rebounds and nine assists — would constitute career years for most.As we celebrate James continuing to marvel us into his 40s, let’s run through the top 40 moments and accomplishments of his seemingly never-ending career. We’ll run through 35 of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, William Quigley, co-founder of WAX and Tether, discusses the pace of stablecoin adoption in 2024 and the outlook for them in 2025. Source link
