Tag Archives: finance and investments

[ad_1] Washington CNN  —  President Joe Biden’s federal student loan forgiveness program, which promises to deliver up to $20,000 of debt relief for millions of borrowers, is on hold indefinitely as legal challenges work their way through the courts. About 26 million people had already applied by the time a …

[ad_1] New York CNN Business  —  Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October, food was .6% pricier compared to September, adjusting for seasonal swings, according to data released Thursday by the Bureau of Labor Statistics. For the …

[ad_1] New York CNN  —  Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …

[ad_1] London CNN Business  —  The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil and gas companies. That’s one lesson from the initial public offering on Wednesday of Ithaca Energy, a North Sea oil and gas producer — …

[ad_1] New York CNN Business  —  Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn’t necessarily happen. And now investors are seeing red on their trading screens Wednesday morning. Stocks dipped modestly after the opening bell, with the Dow …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  Tuesday’s midterm elections come at a time …

[ad_1] New York CNN Business  —  One of the reasons for the record $1.9 billion jackpot for the Powerball drawing Monday night is something you wouldn’t expect — the recent run of steep interest rate hikes from the Federal Reserve. That’s because the size of the advertised $1.9 billion top …

[ad_1] London CNN  —  British Prime Minister Rishi Sunak announced Sunday there would be a public holiday to celebrate the coronation of King Charles III next year. Sunak said the bank holiday would fall on Monday, May 8, following the coronation two days earlier. Charles, 73, automatically became monarch in …

[ad_1] CNN  —  Federal official Jeff Andre was vacationing at Walt Disney World’s Animal Kingdom near Orlando last month when he spotted a man who looked familiar. The man resembled Quashon Burton, 31, who authorities say went on the run in New York City last November after allegedly using fraudulent …

[ad_1] If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices and climbing interest rates pushed the share of first-time homebuyers to an all-time low, according to a new report from the National Association of Realtors. And those first-time buyers …