The US and Taliban are negotiating the release of part of the $9.5 billion in frozen Afghan government assets, report says

A Taliban fighter secures the area as people queue to receive cash at a money distribution site organized by the World Food Programme in Kabul, Afghanistan. Petros Giannakouris/AP The US and Taliban are negotiating the release of Afghanistan’s frozen billions, Reuters reported. $9.5 billion of Afghan govt. reserves was frozen over the Taliban takeover. Most…

Union calls on 20,000 Lufthansa ground staff to strike at Germany’s airports, adding to Europe’s travel chaos

Lufthansa ground staff are planning a one-day strike on Wednesday amid the travel chaos. Getty Images Lufthansa ground staff are planning a strike from 3.45 a.m. on Wednesday to 6 a.m. on Thursday local time. The union representing 20,000 Lufthansa ground staff are demanding higher wages. The strike will hit airports in Germany including Frankfurt…

Walmart is cutting prices of clothes and general merchandise to appeal to inflation-hit shoppers

Jeffrey Greenberg/Universal Images Group via Getty Images Walmart is cutting the prices of clothing and general merchandise, it said Monday. This is because soaring food and fuel prices mean shoppers have less money to spend on other items. Stores are struggling to cope with excessive levels of inventory, Insider previously reported. Walmart is slashing the…

Biden’s Education Department just released a plan to prevent for-profit colleges from ‘exploiting’ veterans and loading them up with student debt

Education Sec. Miguel Cardona. GREG NASH/POOL/AFP via Getty Images The Education Department unveiled new regulatory proposals to protect veterans and service members. It proposed reforms to a rule that has led to aggressive for-profit recruiting of veterans.  The department also proposed expanding the Pell grant program for incarcerated people. President Joe Biden’s Education Department just…

Today’s mortgage and refinance rates: July 26, 2022 | Rates hold relatively steady

Mortgage rates have fluctuated a bit over the past week, but they’ve overall avoided any major spikes. The Federal Reserve’s Federal Open Market Committee is meeting today to discuss hiking the federal funds rate. On Wednesday, the committee will announce its decision. Most forecasters expect the Fed to hike rates by 75 basis points, or…

This week’s student loan refinancing rates: July 26, 2022 | Rates stagnate

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Airline passengers are causing delays by taking more bags and liquids on flights, says boss of one of Europe’s busiest airports

People wait in long queues for security at Heathrow Airport on June 1. Carl Court/Getty Images. Heathrow Airport CEO told LBC delays are partly due to people taking more bags and liquids on flights. He said people are packing more liquids over fears about losing their checked-in luggage. Staffing issues are also adding to airport…

This latest rally is full of ‘wishful thinking’ and stocks have further to fall as the Fed fights inflation, Morgan Stanley says

Lisa Shalett is the chief investment officer for Morgan Stanley Wealth Management. Lisa Shalett Stock market bulls are guilty of “wishful thinking”, according to Morgan Stanley. The bank expects the Federal Reserve to continue tightening monetary policy until inflation drops. Morgan Stanley Wealth Management’s Lisa Shalett expects July’s bear market rally to fizzle out soon….