Borrowed
Biden Cancels Another $1.2B In Student Loan Debt
The Biden administration has announced they are canceling another $1.2 billion in student loan debt for over 150,000 borrowers, six months ahead of schedule.
Capital One
Report: Capital One To Acquire Discover Financial Services
Credit card issuer and Warren Buffet-backed consumer bank Capital one, will acquire the credit card lender Discover Financial Services, according to The Wall Street Journal.
Alicia Summers
Inflation Readings Come in Hotter-Than-Expected
Producer prices came in higher than expected today, so did the consumers prices earlier this week. Producer prices show what producers pay to make goods, which ultimately affects consumers.
Assets
JPMorgan And State Street Quit UN Climate Alliance As BlackRock Pulls Out
Two of the world’s biggest asset managers are quitting a United Nations climate alliance group as BlackRock scales back.
ECONOMY
Inflation Rates Continue To Increase In Latest January Report
In the latest report inflation rose more than predicted in January due in part to grocery and housing costs.
borrowing costs
US weekly jobless claims fall slightly more than expected
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.
ECONOMY
Las Vegas Casinos Reach Tentative Contracts With Culinary Union Ahead Of Super Bowl
Now that the eagerly awaited Super Bowl week has arrived, a union representing hospitality workers claims that it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas.
2024 campaign
U.S. Economy Added 353,000 Jobs In January, Labor Department Report Claims
In a surprising increase, the U.S. economy added an influx of new career positions even though unemployment rates have stayed steady.
$2
Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.