Author: Daniel snow
Roughly 8 million federal student loan borrowers will soon see their debt balances start growing again.Borrowers who enrolled in the Saving on a Valuable Education income-driven repayment plan introduced by former President Joe Biden have been in an interest-free forbearance for about a year. But interest will resume accruing on those loans on Aug. 1, the Department of Education announced on July 9.The move is to comply with a federal court injunction and help bring “fiscal responsibility to the federal student loan portfolio,” the department said in its statement.Here’s what borrowers need to know.Why SAVE borrowers have been in limboIn…
As the U.S. government mulls over the future of crypto regulation during its self-proclaimed “crypto week,” investors are also looking toward a potentially bright future for cryptocurrencies — through their portfolios. Source link
Jim Cramer says investors are getting excited again about the industrial data center trade after a series of new AI-related investments and major developments. “You can go back to these stocks,” Jim said Tuesday, naming Eaton and Dover as top industrial artificial intelligence plays. We don’t have to go back in for the Club because we never left them. In fact, on Monday, we added to our Dover position. “You want to be there … because the building is continuing,” Jim said Tuesday, referring to demand for data center infrastructure and power solutions. “I just feel like, wow, it’s a…
The SBA’s new center will help faith-based companies and places of worship navigate government contracts and access to capital. Source link
Mira Murati, Chief Technology Officer of OpenAI, speaks during The Wall Street Journal’s WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty ImagesMira Murati, the former chief technology officer of OpenAI, said Tuesday that her artificial intelligence startup Thinking Machines Lab has raised $2 billion in fresh capital and will announce its first product “in the next couple months.”Murati rocketed into the spotlight in 2023 when she was named interim CEO of OpenAI after Sam Altman was briefly ousted by the company’s board. She left OpenAI in September and launched Thinking…
Job candidates are encountering AI voice bots more frequently as companies struggle to keep up with surging numbers of applicants. Source link
A sharp rise in homeowners-insurance premiums is connected to rising levels of financial distress, especially among first-time buyers. Source link
A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025.Ronny Hartmann | Afp | Getty ImagesBritish aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina.The investment will boost output of mtu Series 4000 diesel engines, which are used in backup power systems for data centers and other critical infrastructures.”The increased investment strengthens our ability to serve our U.S. customers — especially in the fast-growing American data center industry,” Adam Wood, managing director for Rolls-Royce’s power systems division in America, said in…
BofA analysts said Chewy’s pharmacy segment and vet clinics stand to benefit from a rebound in pet adoptions. Source link
The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Forth Worth, Texas.When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking…