Summary Of the Markets Today:
- The Dow closed down 130 points or 0.38%,
- Nasdaq closed down 0.18%,
- S&P 500 closed down 0.20%,
- Gold $1,924 down $5.30,
- WTI crude oil settled at $72 up $2.19,
- 10-year U.S. Treasury 3.930% up 0.074 points,
- USD Index $103.35 up $0.31,
- Bitcoin $30,473 down $246,
*Stock data, cryptocurrency, and commodity prices at the market closing.
Click here to read our Economic Forecast for July 2023
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
New orders for manufactured goods in May 2023 were down 0.1% year-over-year (blue line on the graph below) according to US Census. Inflation according to the producer price index for manufacturing is currently -4.0% year-over-year which means inflation-adjusted new orders are up 3.8% year-over-year (red line on the graph below). As a comparison, the Federal Reserve’s industrial production manufacturing is down 0.3% year-over-year (green line on the graph below). Pick the number you want to believe but most of the data points show manufacturing is in a recession.
The Federal Reserves FOMC meeting minutes for June 13–14, 2023 were released today. Their summarization of the current situation was on the mark:
Participants generally judged that growth would be subdued over the remainder of this year. They assessed that the cumulative tightening of monetary policy over the past year had contributed significantly to more restrictive financial conditions and lower demand in the most interest rate sensitive sectors of the economy, especially housing and business investment. Participants also acknowledged uncertainty about the lags with which monetary policy affects the economy and discussed the extent to which the full effects of monetary tightening on the economy had been realized. While total inflation had moderated over the past year, core inflation had not shown a sustained easing since the beginning of the year. With inflation well above the Committee’s longer-run 2 percent objective, participants expected that a period of below-trend growth in real GDP and some softening in labor market conditions would be needed to bring aggregate supply and aggregate demand into better balance and reduce inflationary pressures sufficiently to return inflation to 2 percent over time.
And their explanation of why they did not raise the federal funds rate at this meeting:
… participants concurred that while inflation had moderated since the middle of 2022, it remained well above the Committee’s longer-run goal of 2 percent. Economic activity had continued to expand at a modest pace. The labor market remained very tight, with robust job gains in recent months and the unemployment rate still low, but there were some signs that supply and demand in the labor market were coming into better balance. The economy was facing headwinds from tighter credit conditions, including higher interest rates, for households and businesses, which would likely weigh on economic activity, hiring, and inflation, although the extent of these effect remained uncertain. Against this backdrop, and in consideration of the significant cumulative tightening in the stance of monetary policy and the lags with which policy affects economic activity and inflation, almost all participants judged it appropriate or acceptable to maintain the target range for the federal funds rate at 5 to 5-1/4 percent at this meeting. Most of these participants observed that leaving the target range unchanged at this meeting would allow them more time to assess the economy’s progress toward the Committee’s goals of maximum employment and price stability. Some participants indicated that they favored raising the target range for the federal funds rate 25 basis points at this meeting or that they could have supported such a proposal. The participants favoring a 25 basis point increase noted that the labor market remained very tight, momentum in economic activity had been stronger than earlier anticipated, and there were few clear signs that inflation was on a path to return to the Committee’s 2 percent objective over time. All participants agreed that it was appropriate to continue the process of reducing the Federal Reserve’s securities holdings, as described in its previously announced Plans for Reducing the Size of the Federal Reserve’s Balance Sheet.
But concluding the discussion “all participants noted that in their economic projections that they judged that additional increases in the target federal funds rate during 2023 would be appropriate“.
Here is a summary of headlines we are reading today:
- America’s Oil And Gas Capital Is Leading The Transition To Renewables
- Metal Prices Face Bearish Headwinds
- China’s Export Controls On Rare Earth Metals “Is Just The Beginning”
- Tesla Production Jumps 20% In China
- U.S. Navy Stopped Iran From Seizing Oil Tankers Near Strait Of Hormuz
- Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
- GM second-quarter sales increase 18.8% as supply chain stabilizes
- Futures Movers: Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oil
- ‘What does that mean for me?’: Biden’s new stab at student-loan forgiveness has borrowers frustrated and confused
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
| Here are the headlines moving the markets. | |
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America’s Oil And Gas Capital Is Leading The Transition To RenewablesPeak energy demand has reached an all-time high in Texas, where temperatures have been hotter than 99% of the world over the last few weeks. The prolonged heat wave is shattering records now but is likely just the beginning of what scientists predict will be a pattern of increasing and increasingly extreme weather events associated with climate change. In Texas, the expectation that summer heat waves as well as winter storms will continue to get more and more intense has been of particular concern, due to the fragility and isolated… Read more at: https://oilprice.com/Energy/Energy-General/Americas-Oil-And-Gas-Capital-Is-Leading-The-Transition-To-Renewables.html |
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UAE To Invest $45 Billion Through 2030 To Meet Its Growing Energy DemandThe United Arab Emirates has announced plans to invest up to $54 billion over the next seven years to meet its growing energy demands and triple its supply of renewable energy. UAE and Saudi Arabia are the two GCC members leading in renewable energy investments and rapidly diversifying their energy portfolios in the Gulf region. Last year, the Emirates Nuclear Energy Corporation (ENEC) announced the commissioning of the country’s first-ever nuclear power plant–the Barakah unit 1. The 1,400-megawatt nuclear plant is the single largest electricity… Read more at: https://oilprice.com/Latest-Energy-News/World-News/UAE-To-Invest-45-Billion-Through-2030-To-Meet-Its-Growing-Energy-Demand.html |
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Metal Prices Face Bearish HeadwindsVia AG Metal Miner Metal prices demonstrated increasingly-bearish short-term movement over the past couple of weeks. HRC, for instance, continues to trend downward while nickel faces extensive bearish pressure. But while prices may continue to decline in the short-term, will the long-term trend continue? Nickel in a Bearish Market Nickel prices fell more than 20% in the first three months of 2023, and experts project that the sector will remain volatile. According to LME statistics, players continue to abandon the nickel market, a trend many traders… Read more at: https://oilprice.com/Energy/Energy-General/Metal-Prices-Face-Bearish-Headwinds.html |
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Zelenskiy Raises Alarm Over Russian Threats At Zaporizhzhya Nuclear PlantUkrainian President Volodymyr Zelenskiy on July 4 repeated his warning that Russia is planning “dangerous provocations” at the Zaporizhzhya nuclear power plant. Zelenskiy said in a statement after a phone call with Emmanuel Macron that he told the French president that Russian troops occupying the plant in Russian-controlled territory in southern Ukraine are preparing provocations and that the two agreed to keep the situation under control together with the International Atomic Energy Agency. Zelenskiy’s statement reiterated a warning he… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Zelenskiy-Raises-Alarm-Over-Russian-Threats-At-Zaporizhzhya-Nuclear-Plant.html |
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Is NATO Door Closing On Georgia?Since 2008, when NATO promised both Georgia and Ukraine that they “will become members,” their geopolitical fates have appeared to be tightly linked: post-Soviet Russian neighbors straining to join the West. Now, though, with the transatlantic military alliance’s members preparing for an annual summit in Vilnius on July 11-12, all the talk is about Ukraine and how to bring a country that’s battling a full-scale Russian invasion more closely into the NATO fold. Georgia, where the Ukraine war has spurred fears of another Russian invasion, is barely… Read more at: https://oilprice.com/Geopolitics/International/Is-NATO-Door-Closing-On-Georgia.html |
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China’s Export Controls On Rare Earth Metals “Is Just The Beginning”On Monday, China announced export controls on two rare earth metals, gallium and germanium, starting on August 1. These critical rare earth metals are used in microchip production. On Wednesday, a former top Chinese official was quoted by state media as saying export controls on rare earth metals are “just the beginning.” Former vice-minister of commerce Wei Jianguo spoke with China Daily and said Beijing has plenty of tools for countermeasures if the Biden administration continues to ramp up technology restrictions. He said the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chinas-Export-Controls-On-Rare-Earth-Metals-Is-Just-The-Beginning.html |
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How Do U.S. Debt And Gold Prices Relate?Gold has long been considered a store of value and a hedge against economic uncertainty. Over the past five decades, its price has been closely intertwined with concerns surrounding the growing U.S. public debt. In the graphic below, Visual Capitalist’s Bruno Venditti, using data from In Gold We Trust and the Federal Reserve Bank of St. Louis, explores the relationship between gold price and the U.S. national debt. A $31T Government Debt The U.S. national debt is the amount of money the federal government has borrowed to… Read more at: https://oilprice.com/Metals/Gold/How-Do-US-Debt-And-Gold-Prices-Relate.html |
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Italy Orders Minimum Coal Power Output As It Rolls Back Energy EmergencyItaly’s Energy Security Minister Gilberto Pichetto Fratin ordered on Wednesday that domestic coal-fired power plants operate at minimum levels as the country is rolling back some of the emergency energy security measures from last year amid high natural gas storage levels. The minister asked electricity transmission system operator Terna to stop electricity generation from fuel oil and to reduce to minimum power production from coal-fired power plants, the Energy Security Ministry said in a statement on Wednesday. The move comes after the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Italy-Orders-Minimum-Coal-Power-Output-As-It-Rolls-Back-Energy-Emergency.html |
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Tesla Production Jumps 20% In ChinaIt wasn’t just in the United States where Tesla impressed with deliveries heading into the end of Q2 – the company also saw its output in China increase by a whopping 20%, according to Bloomberg. Last month Tesla shipped 93,680 vehicles from its Shanghai plant, according to data from China’s Passenger Car Association. That number is up from 78,906 last year and 77,695 last month. The company’s robust sales are still being helped along by price cuts it put into place at the beginning of the year, with Bloomberg noting that… Read more at: https://oilprice.com/Energy/Energy-General/Tesla-Production-Jumps-20-In-China.html |
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Europe’s Largest IPO This Year Values Hidroelectrica At $10.2 BillionRomanian electricity producer and provider Hidroelectrica said on Wednesday that the pricing of its initial public offering implied a market value of $10.2 billion (9.4 billion euros) for the company that has carried out Europe’s largest IPO so far this year. Hidroelectrica’s offer has been priced at 104 Romanian lei per share, implying a market capitalization of 46.8 billion lei, or 9.4 billion euros, the company said in a statement. The offering was oversubscribed multiple times at the offer price, with strong investor demand… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Europes-Largest-IPO-This-Year-Values-Hidroelectrica-At-102-Billion.html |
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Rystad: Underinvestment Claims In Oil & Gas Are ExaggeratedPersistent claims of chronic underinvestment in the global oil and gas industry are overblown, Rystad Energy research and analysis shows. Investments in the upstream sector have tumbled since spending peaked at $887 billion in 2014, with about $580 billion expected to be invested this year. The number of completed wells has also fallen, from 88,000 in 2014 to 59,000 this year. As a result, many market participants predict that this trend will continue and lead to chronic underinvestment and an oil supply shortage in the coming years. However, our… Read more at: https://oilprice.com/Energy/Energy-General/Rystad-Underinvestment-Claims-In-Oil-Gas-Are-Exaggerated.html |
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U.S. Navy Stopped Iran From Seizing Oil Tankers Near Strait Of HormuzIran attempted early on Wednesday to seize two oil tankers near the world’s most important oil transit chokepoint, the Strait of Hormuz, the U.S. Navy said. “The Iranian navy did make attempts to seize commercial tankers lawfully transiting international waters,” Cmdr. Tim Hawkins, spokesman for the U.S. Navy’s Fifth Fleet, said, as carried by AP. “The U.S. Navy responded immediately and prevented those seizures.” Iran fired shots at one of the tankers, which did not result in casualties or major damage. The… Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Navy-Stopped-Iran-From-Seizing-Oil-Tankers-Near-Strait-Of-Hormuz.html |
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Will High-Interest Rates Stall Britain’s EV Boom?Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to new figures from the Society of Motor Manufacturers and Traders (SMMT). Growth this month was driven predominantly by large fleet registrations, up 37.9 per cent and reflecting the “normalisation of supply,” the SMMT said.… Read more at: https://oilprice.com/Energy/Energy-General/Will-High-Interest-Rates-Stall-Britains-EV-Boom.html |
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UAE: Latest Output Cuts Are Enough To Balance The Oil MarketThe latest oil production and export cuts announced earlier this week by the OPEC+ leaders – Saudi Arabia and Russia –should be sufficient to bring the oil market back to balance, Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said on Wednesday. “This is enough to assess the market and look at the market balance,” Al Mazrouei told reporters today, as carried by Reuters. However, the UAE, a major OPEC producer, will not be doing any fresh production cuts, the minister added. On Monday, Saudi… Read more at: https://oilprice.com/Latest-Energy-News/World-News/UAE-Latest-Output-Cuts-Are-Enough-To-Balance-The-Oil-Market.html |
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Russia’s Oil And Gas Revenues Drop In JuneOil and gas revenues for the Russian budget slumped to $5.8 billion (528.6 billion Russian rubles) in June, down by 26.4% from the same month last year, data from Russia’s Finance Ministry showed on Wednesday. Compared to May 2023, oil and gas budget revenues for Russia also dropped in June, by 7.4% from $6.3 billion (570.7 billion rubles) in the previous month, the data showed. Earlier this week, the ministry said that the average price of Russia’s flagship Urals crude grade averaged $52.17 per barrel between January and June… Read more at: https://oilprice.com/Energy/Energy-General/Russias-Oil-And-Gas-Revenues-Drop-In-June.html |
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Fed sees more rate hikes ahead, but at a slower pace, meeting minutes showThe Federal Reserve on Wednesday released the minutes from its June 13-14 meeting. Read more at: https://www.cnbc.com/2023/07/05/fed-minutes-july-2023-.html |
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Biden administration gives student loan borrowers some leeway when payments restartWhen federal student loan payments restart in the fall, borrowers will be spared for 12 months from the harshest consequences of falling behind. Read more at: https://www.cnbc.com/2023/07/05/biden-gives-student-loan-borrowers-some-leeway-when-payments-restart.html |
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Bill Ackman explains why he embraced RFK Jr.’s skepticism on Covid vaccinesBill Ackman once criticized Covid vaccination efforts for not moving fast enough. Now he’s echoing Robert F. Kennedy Jr.’s scientifically dubious skepticism. Read more at: https://www.cnbc.com/2023/07/05/bill-ackman-rfk-jr-covid-vaccines.html |
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Authors sue OpenAI, allege their books were used to train ChatGPT without their consentTwo authors filed a lawsuit against OpenAI alleging that their copyrighted books were used to train ChatGPT without their consent. Read more at: https://www.cnbc.com/2023/07/05/authors-sue-openai-allege-chatgpt-was-trained-on-their-books.html |
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These S&P 500 stocks are trading at a discount as the second half gets under wayThe S&P 500 surged more than 15% to start the year, marking its biggest first-half gain since 2019 — when it jumped more than 17%. Read more at: https://www.cnbc.com/2023/07/05/these-sp-500-stocks-are-trading-at-a-discount-as-the-second-half-gets-under-way.html |
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ChatGPT app downloads are slowing down, BofA findsAnalysts found that app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, citing Sensor Tower data. Read more at: https://www.cnbc.com/2023/07/05/chatgpt-app-downloads-are-slowing-down-bofa-finds-.html |
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GM second-quarter sales increase 18.8% as supply chain stabilizesAuto industry forecasters project industry sales to have increased 16% to 18% during the second quarter compared with a year earlier. Read more at: https://www.cnbc.com/2023/07/05/gm-second-quarter-2023-new-vehicle-sales.html |
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Ukraine war live updates: Zelenskyy warns of ‘dangerous provocations’ at nuclear plant; China’s Xi reportedly warned Putin against nuclear attackUkraine and Russia traded allegations of plots to attack Europe’s largest nuclear plant. Read more at: https://www.cnbc.com/2023/07/05/ukraine-war-live-updates-latest-news-on-russia-and-the-war-in-ukraine.html |
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BlackRock refiles for spot bitcoin ETF, and Binance.US faces falling market share: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Erin Plante, VP of investigations for Chainalysis, explains how the firm’s tools helped Israeli authorities disrupt alleged financing for Hezbollah and Iran’s Quds Force. Read more at: https://www.cnbc.com/video/2023/07/05/blackrock-refiles-spot-bitcoin-etf-binance-us-market-share-crypto-world.html |
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U.S. Navy says Iran tried to seize two oil tankers, fired on oneA U.S. drone shot video of an Iranian ship firing small arms rounds at a tanker in international waters off Oman on Wednesday. Read more at: https://www.cnbc.com/2023/07/05/us-navy-says-iran-tried-to-seize-two-oil-tankers-fired-on-one.html |
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30% of Americans say ‘tipping culture is out of control,’ as some businesses agree to scrap tip prompts‘Tip fatigue’ doesn’t begin to cover it, one expert says, causing some businesses to opt out of the payment systems with pre-determined options. Read more at: https://www.cnbc.com/2023/07/05/tipping-culture-is-out-of-control-even-some-businesses-agree.html |
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These are the 10 highest-paid CEOs in the U.S.—some pull in over $200 million a yearChief executives at Pinterest, Peloton and Hertz are out-earning Apple’s Tim Cook, according to a new analysis published by the Wall Street Journal. Read more at: https://www.cnbc.com/2023/07/05/heres-how-much-the-10-highest-paid-us-ceos-earn.html |
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These energy investments spin out attractive income, even as oil prices have fallenEnergy has fallen from its 2022 superstar status, but income-focused investors may still find some opportunities in the space. Read more at: https://www.cnbc.com/2023/07/05/as-oil-prices-drop-these-energy-investments-offer-attractive-income.html |
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Russia: US Complicit In Major Drone Attack On MoscowAuthored by Dave DeCamp via AntiWar.com, The Russian Foreign Ministry said Tuesday that Ukrainian drone attacks on Moscow and other areas inside Russia would not be possible without support from the US and NATO. The comments came after the Russian military said it downed five drones that attacked Moscow on Tuesday morning. No casualties were reported in the attack.
Assessing aftermath of recent drone attack on Moscow, via AP.”These attacks would not be possible without the help provided to the Kyiv regime by the US and its NATO allies,” the Russian Foreign Ministry said. The ministry added that the US and NATO were “training drone operators and pro … Read more at: https://www.zerohedge.com/geopolitical/russia-us-complicit-drone-attack-moscow |
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Joe Biden – Who Helped His Granddaughter With UPenn – Wants To Crack Down On ‘Privilege’ In EducationAfter the Supreme Court struck down affirmative action in the college admissions process, Democrats have been ranting over rich kids benefiting from family connections to get into Ivy League schools.
Most recently, President Joe Biden said that his administration would direct the Department of Education to crack down on how “practices like legacy admissions … expand privilege instead of opportunity.” And of course, just like the IRS loophole the Bidens used to dodge $500k in taxes, and his son’s appointment to the board of Ukrainian energy giant Burisma (“because of his name”), Joe Biden is a hypocrite on this issue as well. As the Washington Free Beacon reports, Hunter Biden had his da … Read more at: https://www.zerohedge.com/political/joe-biden-who-helped-his-granddaughter-upenn-wants-crack-down-privilege-education |
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Instead Of Hot Chicks In Bikinis, Bud Light Goes With ‘Grunting Men’ In Rehab FailBud Light’s latest ad is getting slammed online as the beer brand keeps garnering angry comments and a huge number of dislikes, with the company facing ire from both sides of the social aisle.
As Naveen Anthrapully reports as The Epoch Times, the latest ad, “Backyard Grunts with Travis Kelce”, released on the weekend of July 4, features Kansas City Chiefs star Travis Kelce with a group of men grunting as they crack open a can of Bud Light. On YouTube, it has gotten 2,187 comments, 256 likes and over 11,000 dislikes. Some of the comments … Read more at: https://www.zerohedge.com/political/instead-hot-chicks-bikinis-bud-light-goes-grunting-men-rehab-fail |
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Silver Bulls Best Friend Is Solar Demand Squeezing Global SuppliesThe bullish case for silver continues to revolve around increasing demand for the precious metal in the solar power industry and worsening supply deficits as limited mine production is coming online in the near term. Several months ago, we published a note titled, “Solar Energy Production Could Require Most Of The Global Silver Reserves By 2050.” Last month we cited a report that said, “The growing demand for silver in the solar power industry will likely put a significant squeeze on supply in the coming years, and the current price of silver does not reflect the likely shortages.” Even though solar is still a small part of total silver demand, it’s increasing fast. A report from The Silver Institute, an industry association, found silver demand from the solar industry will be around 14% this year, up from 5% in 2014. Much of the demand is from Chinese solar manufacturing plants as the world races to decarbonize power grids in the name of ‘climate change.’ Gregor Gregersen, founder of Singapore-based dealer Silver Bullion, told Bloomberg that solar is a “great example of how inelastic demand for silver is.” He said the days of the solar industry using small amounts of silver are over, and demand is about to surge. Bloomberg explains how high-tech solar panels in the next few years will use a lot more silver:
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Bank account closures probe must be fast-tracked, says ministerTreasury urges action after Nigel Farage complained his accounts were being closed for political reasons. Read more at: https://www.bbc.co.uk/news/business-66111090?at_medium=RSS&at_campaign=KARANGA |
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Water firms planning to raise bills, says regulatorWater companies are likely to seek bill increases to cover the cost of improving services, says the boss of Ofwat. Read more at: https://www.bbc.co.uk/news/business-66106909?at_medium=RSS&at_campaign=KARANGA |
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Train firms plan mass closures of ticket officesA public consultation has been launched on proposals to close hundreds of station ticket offices in England. Read more at: https://www.bbc.co.uk/news/business-66097850?at_medium=RSS&at_campaign=KARANGA |
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How merged balance sheet of HDFC-HDFC Bank looks like? Here’s a snapshotThe merged entity’s gross advances aggregated to approximately Rs 22,45,000 crore, growth of around 13% over Rs 19,85,900 crore as of June 30, 2022. Read more at: https://economictimes.indiatimes.com/markets/web-stories/how-merged-balance-sheet-of-hdfc-hdfc-bank-looks-like-heres-a-snapshot/articleshow/101521878.cms |
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India should push to add its bonds to global indexes: RBI reportThe central bank has allowed 17 banks to settle trade in rupees in 18 countries and 65 vostro accounts have been opened for the purpose, RBI Governor Shaktikanta Das said in May Read more at: https://economictimes.indiatimes.com/markets/bonds/india-should-push-to-add-its-bonds-to-global-indexes-rbi-report/articleshow/101522986.cms |
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Index Rejig: JSW Steel to replace HDFC in Sensex from July 13HDFC will be replaced with Zomato in BSE 100 index. HDFC Ltd will be removed from all the other BSE indices. Besides HDFC, TVS Motor Company, Hindustan Aeronautics, and Apollo Tyres have also been removed from a few indices of the exchange Read more at: https://economictimes.indiatimes.com/markets/stocks/news/index-rejig-jsw-steel-to-replace-hdfc-in-sensex-from-july-13/articleshow/101517944.cms |
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Futures Movers: Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oilOil futures settle at a two-week high Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom and its allies will do whatever is necessary to support the oil market. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7222-D8896E7FD87B%7D&siteid=rss&rss=1 |
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White House says cocaine found in ‘heavily traveled’ part of West Wing, and it’s confident Secret Service ‘will get to the bottom of this’White House press secretary Karine Jean-Pierre on Wednesday addresses the news that cocaine was found Sunday in a West Wing common area. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7224-58A4569A2762%7D&siteid=rss&rss=1 |
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‘What does that mean for me?’: Biden’s new stab at student-loan forgiveness has borrowers frustrated and confusedAfter the Supreme Court knocked down the Biden administration’s student-debt plan, borrowers are left wondering how they’ll repay their loans in a few months. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7223-7C8043D9B76E%7D&siteid=rss&rss=1 |
