Author: Daniel snow
Students and families borrowing money for college will get a slight reprieve for the upcoming school year.The interest rate for undergraduate federal student loans disbursed between July 1, 2025 and June 30, 2026 will be 6.39%, down from 6.53% for the 2024-25 school year, the Department of Education announced on May 30. Graduate loans will come with a 7.94% rate and Parent Plus loans will have an 8.94% interest rate, both lower than the prior year.The last time interest rates dropped for federal student loans was for the 2020-21 school year, when the undergraduate rate fell from 4.53% the previous…
An abrupt change from work to retirement can be a shock to the system, both financially and emotionally. Source link
In this photo illustration, banknotes of Euro, Japanese Yen, Chinese Yuan and US dollar bill are placed under one-ounce silver bullion coins arranged on February 20, 2021 in Katwijk, Netherlands.Yuriko Nakao | Getty Images News | Getty ImagesThe price of silver moved sharply higher on Thursday morning and hit its highest level in more than a decade.Silver futures rose more than 4%, trading above $36 per troy ounce. That is the highest price for the metal since early 2012.Stock Chart IconStock chart iconSilver futures were trading at their highest level since 2012 on Thursday.Silver has been a high performing asset…
This sector has outperformed in 2025, and it held up well during the brutal broad decline of 2022. Source link
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service.Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached $1.00, surpassing the 66 cents per share projected by analysts.”We are confident in our position to drive profitable growth as we benefit from this next wave of application development,” said CEO and president Dev Ittycheria…
The trade figures are masking a very sluggish economy. Source link
Shai Gilgeous-Alexander #2 and Jalen Williams #8 of the Oklahoma City Thunder react on the bench against the Minnesota Timberwolves during the fourth quarter in Game Five of the Western Conference Finals of the 2025 NBA Playoffs at Paycom Center on May 28, 2025 in Oklahoma City, Oklahoma. Matthew Stockman | Getty ImagesNBA teams notched $1.62 billion in sponsorship revenue this season — an increase of 8% since last year, and 91% from $850 million five years ago, according to third-party data firm SponsorUnited.While the volume of deals was up just 2.5% since last year, the partnerships got bigger and…
My top 10 things to watch Thursday, June 5 1. First-time filings for unemployment insurance totaled 247,000 last week, more than the Dow Jones estimate for 236,000. Continuing claims also moved higher. What will tomorrow’s official jobs report have in store? ADP’s private payrolls number was also weak yesterday. 2. Wall Street was on pace for a modestly higher open this morning after Chinese state media said Xi Jinping and President Donald Trump held a call. The market had been waiting for this news, given Treasury Secretary Scott Bessent had said trade talks between the countries were “a bit stalled.”…
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying.Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various tariff proposals. For products like clothing imported from China and Vietnam, U.S. shoppers could have to pay a lot more.To illustrate, retail consultancy group AlixPartners created pricing models exclusively for CNBC, looking at the price of a men’s sweater and men’s shoes made in both China and…
Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar. Source link