Author: Daniel snow
With the U.S. Department of Education’s “involuntary collections” on federal student loans now underway, millions of borrowers face a “default cliff,” reports show.A new analysis by TransUnion found that as of April, 31% of student loan borrowers with a payment due are in “late-stage delinquency,” or over 90 days past due on payments. That’s the highest share the credit bureau has ever recorded.As borrowers face repayment challenges — including questions about their loans and loan servicers as well as confusion over the current status of some income-driven repayment plans — more risk falling into delinquency and eventually defaulting, according to Joshua Trumbull, senior vice president…
Nvidia’s stock closed at a new all-time high on Wednesday, while Micron delivered an earnings beat on AI-driven demand for its memory chips Source link
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025.Kent Nishimura | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.President Donald Trump’s $5 million Trump Card has attracted strong interest from the overseas wealthy, but it faces legal challenges and questions about the potential market size, according to immigration attorneys.Trump launched the website in June for his new immigration plan,…
United has a major hub at Newark Liberty International Airport, and Wall Street wonders just how much the late-spring communications problems and runway closure at the airport will weigh on the airline’s profits. Source link
A woman walking past the logo of U.S. big data analytics software company Palantir Technologies during the World Economic Forum annual meeting in Davos, Switzerland.Fabrice Coffrini | AFP | Getty ImagesSix people were taken into custody by police on Thursday as a group blocked the entrance to the New York office of Palantir to protest the tech company’s work for the U.S. Immigration and Customs Enforcement agency, the Israeli military and other efforts.More than 30 people participated in the protest, according to Planet Over Profit, the group that organized the demonstration in the Chelsea section of Manhattan.The New York Police…
Readers respond to an Upshot article about expectations for kindergarten. Also: Black lung in miners. Source link
Jefferson Capital buys consumers’ troubled loans at a discount, then works with the consumers to have them paid back “based on their current financial circumstances.” Source link
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks are higher Thursday as the S & P 500 nears a record high . The broad market index is up over 20% from its historic lows back in April after President Donald Trump announced his “Liberation Day” tariffs on trading partners. The latest evidence is durable goods orders for May. They were up 16.4% — nearly double estimates. That was the biggest one-month gain in 11 years. Interest rates are also slightly lower. San…
Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting the price increases to show up this week. Source link
U.S. stock-market benchmark is making its way to a new record slowly — but it will get there. Source link