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Beyond student loan forgiveness, here’s what the government can do to keep the rising household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. “We shouldn’t be panicked about the level of household…
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The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week
The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%. Privacy Coins Manage to Stave off Some of This Week’s Market Carnage,…
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Top 5 Mistakes Made by New Traders
This video will be particularly useful for novice traders. Peter Martin utilises his solid experience on financial markets to identify the top five most frequent mistakes made by new traders. Don’t miss out on this opportunity to learn what costly errors you surely want to avoid in your trading. At Trading 212 we provide an…
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Feds greenlight Maryland toll lane P3
Federal authorities Thursday gave final environmental approval to Maryland’s plan to add four toll lanes to the Capital Beltway. Gov. Larry Hogan’s signature project, which he hopes to deliver as a public private partnership, can now move toward finalizing a 50-year contract with Accelerate Maryland Partners, a consortium that’s led by Australian firms Transurban and…
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Rocky road lies ahead, but here’s 5 altcoins that still look bullish
The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech where he reiterated the central bank’s hawkish stance. Continuing its correlation with the equities market, Bitcoin (BTC) and the cryptocurrency markets also witnessed a sharp selloff on Aug. 26. Bitcoin has declined about 14% this month, making it the…
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Former Stifel banker James Cervantes appointed chair of CalHFA board
Former Stifel banker James Cervantes was appointed chair of the California Housing Finance Agency’s board of directors by Gov. Gavin Newsom. Cervantes, who joined the board earlier this year, retired from Stifel in October 2020. He was a Stifel California managing director and, for a time, ran Stone & Youngberg, acquired by Stifel in 2011.…
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Global economy faces greatest challenge in decades, policymakers warn
Central bankers face a more challenging economic landscape than they have experienced in decades and will find it harder to root out high inflation, top multilateral officials and monetary policymakers have warned. The world’s leading economic authorities this weekend sounded the alarm about the forces working against the Federal Reserve, European Central Bank and other…
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Wall Street’s top analysts say buy these stocks amid the market uncertainty
Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Markets are expected to remain volatile for the remainder of the year or at least until inflation shows some sign of stabilizing without jeopardizing economic growth. Indeed, stocks sold…
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MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO). In his blog post, “The Path of Compliance and the Path…
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Stocks making the biggest moves after hours: Ulta Beauty, Gap, Affirm, Marvell Technology and more
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later darling’s shares slid nearly 14% after hours when it reported a bigger-than-expected quarterly loss of 65 cents per share, according to Refinitiv. It also issued…
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Former ‘American Idol’ Producers List Central Coast Winery For $22 Million
Former “American Idol” producers Nigel Lythgoe and Ken Warwick listed their California winery for $22 million earlier this month. Warwick and Lythgoe bought the 160-acre Paso Robles property for $5.2 million in 2005. Originally, the investment property was supposed to include “American Idol” creator Simon Fuller, host Ryan Seacrest and judge Simon Cowell, Warwick said.…
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Mortgage denial rate for Black borrowers is twice that of overall population, report finds
In this article TREE Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone to reach, according to a new report from LendingTree. Research from the online loan market company finds the mortgage denial rate…
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CRISPR Gene Editing: Owning the Future of Medicine
In the Century of Biology, it pays to own the future of curing disease at the root.
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How а Diverse Stock Portfolio Can Reduce Risk
This video discusses some specific types of risk that a stock investor faces and works through some simple examples to illustrate how diversifying your portfolio can help mitigate some of these risks. Explore the opportunities for unlimited commission-free investing in Stocks & ETFs. – https://www.trading212.com/en/Free-Stock-Trading Download the free native mobile apps now: Trading 212 for…
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WAPA CEO expects to repay pension contributions over time
U.S. Virgin Islands Water and Power Authority CEO Andrew Smith said he expects a court will order WAPA to repay employee pension contributions over time despite the pension organization’s suit demanding immediate repayment. The repayment plan would be to pay off the $2.2 million in past due employee contributions to the system that WAPA owes.…
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New York decongestant: Road pricing plan may help MTA’s bottom line
The New York Metropolitan Transportation Authority is running out of money as federal aid declines and many riders have not returned to the mass transit system in the wake of the COVID-19 pandemic. By the end of fiscal 2024, the MTA estimates federal pandemic relief funds will be exhausted and projects budget gaps of up…
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Textbook economics will not avert this winter’s energy catastrophe
The writer is chief executive of the Resolution Foundation think-tank Economic crises have phases you can almost feel. They ebb and they flow, as the nature and scale of the crisis, and our awareness of it, changes. Single events often crystallise a shift, forcing policymakers to wake up to the fact they are required to…
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Stocks making the biggest moves midday: Affirm, Electronic Arts, Dell, Seagen and more
In this article SGEN PTON FTCH AFRM Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia,…
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Mapping Santa Barbara’s Most Desirable Neighborhoods For Real Estate
Those who say it is more difficult to choose between two rights than two wrongs are correct—just look at the real estate market of Santa Barbara. The dramatic landscape of beaches, bluffs and hills stretches across the central coastal city, and impressive properties line many of its sought-after streets, making the decision of choosing one…
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The rent crisis on Main Street just took a turn for the worse
Brian Snyder | Reuters The Federal Reserve chair Jerome Powell said on Friday there will be “pain” to come in the economy as a result of the central bank’s battle with inflation, and right now, small businesses are experiencing that pain on both sides of the fight. Inflation has been the No. 1 concern of…
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