Vladimir Vladimirov | E+ | Getty ImagesMore older student loan borrowers are struggling to pay their monthly bill, as the Trump administration ramps up its collection efforts.Nearly 1 in 5 — or roughly 18% — of student loan borrowers who are 50 and older became “seriously delinquent,” or 90 days or more late on their payments, in the second quarter of 2025, according to the Federal Reserve Bank of New York. The rate for that age group was closer to 10% in 2019.For comparison, closer to 8% of student loan borrowers between the ages of 18 and 29 became seriously delinquent during…
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Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty ImagesTaiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business.Here’s how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 1.79 trillion New Taiwan dollars ($59.73 billion) vs. NT$1.79 trillionOperating profit: NT$56.596 billion vs. NT$49.767 billionThe company’s…
Houses in Whitby, Yorkshire, U.K.Edwin Remsberg | The Image Bank | Getty ImagesThe U.K. economy expanded by a better-than-expected 0.3% in the second quarter, according to preliminary estimates from the U.K.’s Office for National Statistics out on Thursday.Economists polled by Reuters had expected the country’s gross domestic product (GDP) to expand by a tepid 0.1% over the period, up from bumper growth of 0.7% in the first quarter.Month-on-month, the economy grew 0.4% in June after a 0.1% contraction in May, failing to shake off the impact of U.S. tariffs and business uncertainty.”The economy was weak across April and May, with…
How Putin could try to outmaneuver Trump when they meetFILE PHOTO: U.S. President Donald Trump and Russia’s President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017. Jorge Silva | ReutersRussian President Vladimir Putin’s standing in the West may be pretty low, but he’s a skilled and seasoned statesman who shouldn’t be underestimated, analysts say — and he’s likely to be looking to outmaneuver his less experienced U.S. counterpart when the leaders meet in Alaska on Friday.Putin and U.S. President Donald Trump are meeting to try to negotiate an end to…
Russian President Vladimir Putin’s standing in the West may be pretty low, but he’s a skilled and seasoned statesman who shouldn’t be underestimated, analysts say — and he’s likely to be looking to outmaneuver his less experienced U.S. counterpart when the leaders meet in Alaska on Friday. Putin and U.S. President Donald Trump are meeting to try to negotiate an end to the war in Ukraine, but close followers of Moscow’s leadership are skeptical that any lasting resolution will be reached at the summit. “Let’s be clear, Putin does not take Trump seriously,” Tina Fordham, founder of Fordham Global Foresight,…
Voltify plans to build a series of energy microgrids to power its locomotive batteries, as shown in this computer-generated image.VoltifyDaphna Langer has a bold ambition: To decarbonize the rail industry in less than a decade.How? By convincing U.S. freight railroad companies to switch from diesel power to rechargeable batteries — part of a business model Langer estimates could make her company, Voltify, as much as $10 billion a year.The rail industry needs to reduce its emissions by 5% a year by 2030 to reach net-zero goals, according to a 2023 report by the International Energy Agency. In addition, switching to…
Customers buying groceries at a supermarket in Singapore.Bloomberg | Bloomberg | Getty ImagesSingapore’s reputation for financial prudence and high savings is showing signs of strain. Rising costs and a growing prioritization for experiences and self-care are taking precedence over long-term financial planning, experts observed. “At the end of every month, when my salary is in, I use it to pay my credit bills, parents’ allowance, insurances and investments,” said 32-year-old Singaporean Jovan Yeo, who works for a digital bank services firm. “After all these, my salary is back to zero again, with nothing much to save,” he said, adding that other expenses go…
An Amazon worker on the picket line during a strike over pay at the Amazon.com Inc. fulfilment center in Coventry, U.K., on Feb. 28, 2023.Bloomberg | Bloomberg | Getty ImagesArtificial intelligence has emerged as a key tool for companies to drive growth — and reduce labor costs —particularly as pressure mounts for businesses to remain competitive.Companies in industries ranging from cloud software to fast food to e-commerce have internally deployed AI tools to to improve productivity, customer experience and supply chains. AI is also leading to less reliance on human labor in some spaces, particularly entry level jobs and positions…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThe ‘Fast Money’ traders weigh in on Treasury Secretary Bessent comment that Fed rates should be sharply lower and what that would mean for equities. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, ether inches closer to its 2021 all-time high while bitcoin reclaims the $120,000 level. Plus, crypto exchange Bullish soars after its public debut on the New York Stock Exchange. And, Ben Gagnon, CEO of Bitfarms, breaks down the crypto miner and AI infrastructure company’s second quarter earnings.09:22Wed, Aug 13 20253:00 PM EDT Source link
