What to know about the latest student loan payment suspension extension

President Joe Biden and Secretary of Education Miguel Cardona. Washington Post | Washington Post | Getty Images It’s been nearly three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers have even more time. In March 2020, when the coronavirus … Read more

End of a winning week on Fed’s dovish bets

European markets are muted but post a sixth week of gains The European Stoxx 600 index finished unchanged on Friday, capping off an upbeat week that saw it breach a three-month high and secure a sixth week of gains. Major German and French stock exchanges were unchanged as the UK’s FTSE 100 gained 0.3%. Expectations … Read more

What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more

Credit Suisse shareholders initiate $4.2 billion capital raise

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland on March 24, 2021. Arnd Wiegman | Reuters Credit Suisse Shareholders on Wednesday approved a 4 billion Swiss francs ($4.2 billion) capital raise aimed at funding the ailing lender’s massive strategic overhaul. Credit Suisse’s capital raising plans are divided into … Read more

New Zealand interest rate hike, inflation data

UBS expects China to fully reopen by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes some time for the government to want to check public messages because [some] the concerns of the Chinese public are … Read more

FTX will sell or restructure global empire, says CEO

FTX’s new CEO said on Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX wrangle in court and press releases over whether to file for bankruptcy in New York or Delaware. “Based on our review last week, we are pleased to learn that … Read more

FTX will sell or restructure global empire, says CEO

FTX’s new CEO said on Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX wrangle in court and press releases over whether to file for bankruptcy in New York or Delaware. “Based on our review last week, we are pleased to learn that … Read more

Crypto startup Ripple seeks license in Ireland to spearhead EU expansion

In this photo illustration the ripple of the cryptocurrency ‘altcoin’ is arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images US cryptocurrency firm Ripple no longer derives the bulk of its revenue from America and is looking to expand its reach into Europe, its … Read more

How to Invest During a Recession: “Throw Conventional Wisdom Out the Window”

Text size Value investing could thrive during an economic downturn. Spencer Platt/Getty Images It’s time for a new playbook for investing in a bear market. That’s according to John Linehan, chief investment officer at T. Rowe Price . “Bear markets are a lot like Tolstoy’s unhappy families. No two are alike,” Linehan said at a … Read more

Macron claims trillions of climate cash – POLITICAL

Press play to listen to this article SHARM EL-SHEIKH, Egypt – Climate change talks have long been hampered by requests for billions of dollars in transfers – on Monday, French President Emmanuel Macron supported a new push to measure the conversation in trillions. Speaking at the COP27 climate summit in Sharm El-Sheikh, Egypt, Macron lent … Read more