Finance

Damircudic | E+ | Getty Images Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration’s debt forgiveness plan Friday and as loan repayments are poised to restart in the fall, according to the Federal Trade Commission. Scammers often “take advantage of confusion …

Renphoto | E+ | Getty Images What homeowners and renters insurance likely cover The typical homeowners insurance policy has two coverage areas. One is for property: your home and the things in it. The second is for liability; this covers you if you’re liable for injury or property damage to …

The merger between HDFC Bank and HDFC now makes the entity the world’s fourth largest bank. Nurphoto | Nurphoto | Getty Images The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and provide more opportunities for cross-selling, the non-executive director …

A woman tries out augmented reality (AR) glasses at Xreal’s booth at Mobile World Congress (MWC) Shanghai 2023. Vcg | Visual China Group | Getty Images BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments will soon reach 200,000 …

BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor yet to Tesla’s Model Y. …

Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday. Southeast Asia’s second largest bank announced Monday that it will be …

Pan Gongsheng was named party secretary of the People’s Bank of China on July 1, 2023. Vcg | Visual China Group | Getty Images BEIJING — The People’s Bank of China announced Saturday that Pan Gongsheng, head of the country’s foreign exchange regulator, would become the central bank’s party secretary. …

Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a source told CNBC’s Leslie Picker. Goldman Sachs and Apple declined to comment. CNBC has also reached out to American Express. The talks come amid a broader retreat by Goldman from …

Andrew Bret Wallis | DigitalVision | Getty Images Why are flight interruptions expected? Over 2.8 million travelers are expected to pass through airport security checkpoints on Friday — a single-day record, according to the Transportation Security Administration. The TSA is prepared for “sustained higher passenger volumes” throughout the summer, with …

Svetikd | E+ | Getty Images 1. You’re unsure about the long term Prospective homebuyers should have conviction about where they want to live, said Kamila Elliott, a CFP based in Atlanta and a member of CNBC’s Advisor Council. For example, would they enjoy living for several years in a …