Home / 2023 / July (page 26)

Monthly Archives: July 2023

States with most borrowers eligible for Biden admin’s debt forgiveness

Are you a current student working multiple jobs to get ahead on your loans, or graduate debt-free? Email reporter Isabel Engel if you’re interested in being featured in a future Make It article. Last week, the Biden administration announced student debt relief would be coming for over 800,000 borrowers, thanks to fixes …

Read More »

Netflix stock sinks as Wall Street looks for clarity on revenue growth

Nurphoto | Nurphoto | Getty Images Netflix stock sank more than 9% Thursday after a quarterly earnings report that was largely positive but left Wall Street underwhelmed and uncertain about key revenue drivers. The sell-off in Netflix shares follows a 60% year-to-date rally, spurred by the rollout its cheaper, ad-supported …

Read More »

Wesleyan ends legacy admissions after Supreme Court affirmative action ruling

Students at Wesleyan University Joanne Rathe | The Boston Globe | Getty Images Decades-old legacy preferences face new challenges A civil rights group is also contesting the practice of giving priority to the children of alumni at Harvard University, saying it discriminates against students of color by giving an unfair boost to the …

Read More »

Victims want Morgan Stanley to answer for Ponzi scheme

A former Morgan Stanley financial advisor has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at the firm for more than a decade. But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley …

Read More »

3 steps for cleaning your financial house

Summer can be an ideal time to slow down, reflect and reset your money mindset. You also may find more time to review your financial goals and decide whether you need a reboot. “When it comes to those who want to ‘clean’ their financial house, my advice is that you …

Read More »

How to invest in infrastructure

Sadek Wahba, chairman and managing partner of I Squared Capital Advisors LLC, during the 2023 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 8, 2023. The global energy industry is facing a welter of uncertainty and change — driven by the effects of the global pandemic; …

Read More »

‘Struggling for clarity’ in the spot bitcoin ETF pursuit

As applications for a spot bitcoin exchange-traded fund head to the SEC for review, cryptocurrency experts remain cautious as to whether proposed surveillance-sharing agreements will be the key to the approval process. “We’ll keep giving more information to our regulators,” Cboe CEO Ed Tilly told CNBC’s Bob Pisani on “ETF …

Read More »

Airline cargo revenue declines are actually good news

An American Airlines 777 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Airlines’ cargo revenue is slumping. That’s a sign of good news for travel recovery. Delta, United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue. For the first half …

Read More »

Tesla stock falls on slim margins, Cybertruck concerns

Tesla CEO Elon Musk and design leader Franz von Holzhausen show their latest Cybertruck design at a factory grand opening in Austin, Texas. Source: Tesla Shares of electric automaker Tesla fell by more than 7% on Thursday, after investors soured on initially positive results due to imprecise commentary from CEO …

Read More »

Winning ticket for Powerball $1.08 billion jackpot sold in California

The Powerball jackpot reached $1.08 billion on July 19, 2023. Joe Raedle | Getty It’s official: There’s a winner for the $1.08 billion Powerball jackpot — and the taxman will take a hefty cut. A single ticket sold in California matched all six numbers drawn on Wednesday night, making it …

Read More »