Author: IA PressRoom

US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, … [+] in the Oval Office of the White House in Washington, DC, June 2, 2023. (Photo by JIM WATSON / POOL / AFP) (Photo by JIM WATSON/POOL/AFP via Getty Images)POOL/AFP via Getty Images President Joe Biden has vetoed a bill passed by Congress that would repeal student loan forgiveness and reverse his most recent extension of the student loan pause. Advocates for borrowers had warned that passage of the bill could have catastrophic consequences. Here’s what this means for borrowers. Biden Vetoes Bill Nullifying…

A light at the end of a long tunnel for FirstGroup has appeared. Just over a year after he climbed into the driver’s seat, the UK bus and rail group boss Graham Sutherland delivered some forecast-beating annual earnings.Shareholders are not accustomed to such good news from FirstGroup given so many obstructions over the past decade. Most recently these have included lockdown restrictions, activist battles, and a takeover attempt. FirstGroup was recently stripped of a contract to run TransPennine Express rail services after many problems with cancellations. Investors were impressed. FirstGroup’s share price ran up 16 per cent on Thursday after…

© Reuters. A person walks past a Bank of America sign in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Carlo Allegri By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp (NYSE:) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several announced by the second largest U.S. bank. It also elevated Faiz Ahmad to jointly lead global capital markets with Sarang Gadkari. Ahmad currently runs the Global…

3/3 © Reuters. FILE PHOTO: Solar electric panels are shown installed on the roof of the Hanover Olympic building, the first building to offer individual solar-powered net-zero apartments in Los Angeles, California, U.S., June 6, 2017. REUTERS/Mike Blake/File Photo 2/3 (Reuters) – U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday, as easing panel supplies alleviated industry gridlock and allowed many stalled big projects to be completed and connected to the grid. The solar industry had its best first quarter ever, installing 6.1 gigawatts (GW), an analysis by research firm Wood…

Source: AdobeStock / eyeofpaulGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Legal newsA United States district court in Washington reportedly issued a summons for Binance CEO Changpeng Zhao after the Securities and Exchange Commission (SEC) sued the exchange. “A lawsuit has been filed against you,” the document said. “Within 21 days after service of this summons on you […] you must serve on the plaintiff an answer to the attached complaint or a motion […].” Should Zhao fail to respond, judgment by default will be entered against…

Federal prosecutors have informed the legal team for former President Donald J. Trump that he is a target of their investigation into his handling of classified documents after he left office, according to two people familiar with the matter.The notification to Mr. Trump’s team by prosecutors from the office of the special counsel, Jack Smith, was the clearest signal yet that the former president is likely to face charges in the investigation.It remained unclear when Mr. Trump’s team was told that he was a target of the special counsel’s inquiry, but the notice suggested that prosecutors working for Mr. Smith…

U.S. Treasury yields edged lower Thursday morning after new jobless claims showed the number of people who applied for unemployment benefits in early June jumped to a nearly two-year high, while investors reassessed Federal Reserve policy trajectory following unexpected interest-rate rises by central banks in Australia and Canada.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.525% shed 4 basis points at 4.504% versus 4.548% at 3 p.m. Eastern Wednesday. The yield on the 10-year Treasury TMUBMUSD10Y, 3.739% dropped 5 basis points to 3.734% from 3.782% Wednesday. The yield on the 30-year Treasury TMUBMUSD30Y, 3.909% declined by 3 basis points…

Dozens of retailers have filed for bankruptcy over the past 15 years, and some have liquidated all their stores.Smith Collection/Gado/Getty Images Bed Bath & Beyond, Party City, Neiman Marcus, and Christmas Tree Shops are among the many retail companies that have filed for bankruptcy over the past 15 years. Some retailers emerged from bankruptcy with smaller physical footprints, while others ended up liquidating. The pandemic and an explosion in online sales forced many of these companies to restructure. Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for…

. This week, we are deeply saddened by the death of William J. O’Neil on May 28, 2023, at the age of 90. O’Neil, the founder of Investor’s Business Daily and author of How to Make Money in Stocks, has developed a strategy called CAN SLIM, an acronym to help remember the seven factors that winning stocks tend to possess. In this article I cover AAII’s O’Neil CAN SLIM No Float screening model and give you a list of stocks currently passing our screen based on the approach. The O’Neil CAN SLIM strategy aims to identify stocks with high historical…

Low-cost European carrier Wizz Air expects to return to profit this year as the post-pandemic rebound in travel gathers pace and the group puts a series of setbacks behind it.The airline’s expectations of making a profit in the year to March 2024 contrast with the previous financial year, when it faced several problems, including a decision to abandon fuel hedges that backfired when the war in Ukraine sent prices up sharply. The fuel price exposure was a substantial contributor to the carrier’s net loss for the year to March 31 of €535mn. With comprehensive currency and fuel hedges now in place,…