The Biden administration’s new student loan repayment plan, known as the Saving on a Valuable Education (SAVE) plan, has faced a setback with a federal appeals court temporarily halting its implementation. The St. Louis-based 8th U.S. Circuit Court of Appeals blocked the entire SAVE plan, which was described as “the most affordable student loan plan
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Penn Entertainment has recently announced plans to lay off approximately 100 employees as part of its focus on the growth of ESPN Bet. CEO Jay Snowden explained in an internal email that these changes are intended to enhance operational efficiencies following the company’s acquisition of theScore in 2021. Despite employing about 20,000 people, the company
The EV industry has been buzzing with excitement ever since President Joe Biden signed the Inflation Reduction Act in 2022. This act not only provided a $7,500 tax break for consumers who purchase a new electric vehicle but also opened up an interesting loophole for those who choose to lease instead. While the $7,500 tax
In a surprising turn of events, billionaire investor Ken Griffin made headlines by purchasing a late Jurassic stegosaurus skeleton for a staggering $44.6 million at Sotheby’s auction. This marked a historic moment as it became the most valuable fossil ever sold at auction. Griffin, the founder and CEO of hedge fund Citadel, surpassed all expectations
Are you considering transitioning from being a renter to becoming a homeowner? It’s crucial to evaluate your financial readiness before taking this significant step. Many renters may not realize that they could afford to buy a home, according to recent data. In 2022, an estimated 39% of households in the U.S. were renting, with around
Nokia, the Finnish telecom firm, experienced a significant drop in its second-quarter operating profit, leading to a sharp decline in its stock value. The company reported a 32% decrease in operating profit, attributed to weak demand for its 5G equipment. This resulted in a loss of 8% in its Helsinki-listed stock, indicating investor concern about
Ford Motor Company recently announced a significant change in its production strategy by expanding the production of its large Super Duty trucks in a Canadian plant instead of converting it into an all-electric vehicle hub as previously planned. This decision comes as part of a $3 billion investment to enhance Super Duty production, with $2.3
Taiwan Semiconductor Manufacturing Company (TSMC) has reported better-than-expected revenue and profit figures for the second quarter. This comes as the demand for advanced chips used in AI applications continues to rise. TSMC’s revenue for the quarter stood at 673.51 billion New Taiwan dollars, surpassing the LSEG consensus estimate of NT$657.58 billion. Similarly, the net income
Volvo Cars recently saw a significant rise in their shares after reporting a substantial jump in annual operating profit for the second quarter. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% increase from the same period the previous year. This impressive figure, which excludes joint ventures and associates,
JD Vance, the new running mate of U.S. presidential hopeful Donald Trump, recently delivered a speech at the Republican National Convention where he emphasized protecting the wages of American workers and preventing the Chinese Communist Party from exploiting American citizens. Vance’s stance reflects a growing concern about China’s economic growth and its impact on the