After the Supreme Court knocked down the Biden administration’s student-debt plan, borrowers are left wondering how they’ll repay their loans in a few months.
Movers & Shakers: Rivian, Moderna and Wolf stocks rise, UPS and Generac shares fall, and other stocks the move
Rivian’s stock climbed Wednesday after Amazon said it had rolled out the first delivery vans from the electric-vehicle maker. UPS, Microsoft shares were also active.
Peter Morici: Biden and McCarthy’s debt-ceiling deal has put the U.S. on course for a fiscal trainwreck
Sacrificing critical infrastructure to accommodate growing entitlements spending cannot continue, writes Peter Morici.
Need to Know: This value investor lunched with Warren Buffett and cornered Bill Gates. Here’s his take on AI, Nvidia and Microsoft.
One value investor struggles to understand Nvidia’s valuation as he thinks about the winners from AI.
Bond Report: 10- and 30-year yields end at highest levels since March-May after Fed’s minutes
Treasury yields finish higher after minutes of the Fed’s June meeting show almost every policy maker agreed on the need for more rate hikes this year.
Market Extra: New York City’s available office space hits record in second quarter: Savills
New York City’s direct availability of office space climbed to 70.3 million square feet in the second quarter of 2023, the highest in history, according to real-estate firm Savills.
Market Snapshot: Dow ends down over 100 points after Fed minutes show almost all policy makers expect additional rate increases
U.S. stocks finished lower on Wednesday, after minutes of the Fed’s last policy meeting show almost all participants expect additional interest-rate increases.
Autotrader: 10 top used sedan models for a $20K budget
A sedan can be an excellent choice for daily driver and for families. They’re spacious, comfortable, and often more efficient than SUVs.
NerdWallet: Face it, the 3% mortgage rate is not coming back
It’s not realistic anymore to delay a home purchase in the hope that mortgage rates will fall. Embracing this reality will hasten your chance of owning a home.
NerdWallet: What to know before you book a flight on one of those low-cost international airlines
You might think a long flight over the ocean isn’t where you want to go cheap, but in some cases these low-cost airlines might fit the bill.
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