Getty Images The Public Service Loan Forgiveness waiver expired on October 31. But the Education Department plans to implement permanent fixes to the program following the waiver. Those include a one-time account adjustment, along with simplifying criteria to qualify for relief. A key waiver for student-loan borrowers in public service just expired, but that doesn’t…
Japan cannot survive unless it imports energy from Russia, a trading house chief warns. SONGPHOL THESAKIT/Getty Images Japan needs Russian oil to survive so it can’t cut off ties with Moscow, Itochu’s CEO told the FT. There are “all kinds of ways” Moscow can keep exporting despite sanctions, he said in an interview. Meanwhile, Japan…
Reuters Russia’s Gazprom saw gas exports fall 11.5% in October as the EU gas storage nears full capacity. The bloc has been scrambling to find alternative supplies after Russia shut down the Nord Stream 1 gas pipeline. But even full storage may not be enough to prevent blackouts, especially if the weather turns abnormally cold….
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A man inspects products at a supermarket in Beijing, China, on May 12, 2022. Fred Lee/Getty Images US-listed shares of Chinese companies jumped Tuesday after speculation the government could end its zero-COVID policy. Alibaba, Nio, and Baidu shares were among the gainers. A Chinese official reportedly said he was unaware of the speculation. Alibaba and…
Traders work on the New York Stock Exchange floor in New York City. AP Photo/Ted Shaffrey US stocks advanced Tuesday with investors aiming to build on a strong October performance. US stocks rose Tuesday as November trade got underway. Investors were working on building on October’s record performance. Uber and China were in focus during…
Getty Images Gold prices are down for seven consecutive months, the longest decline since 1869, according to Deutsche Bank. Bullion slumped 1.6% in October and is down 11% from the start of the year. The fall in gold prices is happening as real bond yields have turned sharply higher. Gold prices fell 1.6% in October…
Roy Rochlin/Getty Images for Advertising Week New York; Carina Johansen/Getty Images Twitter’s CCO said she quit her job just hours after Elon Musk completed his $44 billion takeover. Her access to company accounts was cut off around 72 hours later, she said. On Thursday, Personette tweeted that she’d had a “great discussion” with Musk. She…
Former President Donald Trump. José Luis Villegas/AP Chief Justice John Roberts issued a temporary stay on a lower court ruling ordering Trump to turn his taxes over to Congress. Roberts’ order is not a final ruling but places a temporary hold on the federal appeals court’s order. The Supreme Court will now weigh Trump’s request…
Foxconn’s 200,000-person compound is under strict access control. Ah Chi/ Feature China/Future Publishing via Getty Images Two workers at the world’s largest iPhone factory walked 25 miles to get home after breaking lockdown. Bloomberg reported the story of Dong Wanwan and her brother, who left the factory amid strict COVID controls. Foxconn’s Zhengzhou facility is…