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finance and investments

Student loan payment freeze extended through June

Student loan payment freeze extended through June

CNN — The Biden administration is yet again extending the pause on federal student loan payments, a benefit that began in March 2020 to help people who were struggling financially due to the Covid-19 pandemic. The extension comes as the Biden administration’s student loan forgiveness program is tied up in the courts. Officials had told …

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Singapore's monetary authority defends its treatment of Binance after FTX 'debacle'

Singapore’s monetary authority defends its treatment of Binance after FTX ‘debacle’

hong kong CNN Business — Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto exchanges, explaining why Binance was on an investor watch list while FTX, which has filed for bankruptcy, was not. In a statement Monday, the Monetary Authority of Singapore (MAS) said it wanted to …

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London's rental market has become a 'nightmare.'  Here's why

London’s rental market has become a ‘nightmare.’ Here’s why

London CNN Business — For Rebeca Blázquez, the past few weeks have been a “nightmare.” Based in Madrid but hoping to find work in London before starting her master’s degree, the 22-year-old university graduate spent a month searching online for a room to rent in London we have £900 budget ($1,070). She sent dozens of …

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Guangzhou Covid-19: China locks down key transportation hub;  markets fear economic fallout

Guangzhou Covid-19: China locks down key transportation hub; markets fear economic fallout

hong kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease …

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Premarket stocks: Recession fears receded this earnings season

Premarket stocks: Recession fears receded this earnings season

New York CNN Business — Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a recession prediction. But lately, shouts of recession have become a bit quieter, and a growing group of economists say that any downturn will likely be mild. So can the …

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Elizabeth Holmes sentenced to more than 11 years in prison for fraud

Elizabeth Holmes sentenced to more than 11 years in prison for fraud

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with another three years of supervision after Holmes is released. …

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Student loan relief: Biden administration notifies approved applicants as program remains tied up in courts

Student loan relief: Biden administration notifies approved applicants as program remains tied up in courts

CNN — The Biden administration started notifying individuals who are approved for federal student loan relief on Saturday even as the future of that relief remains in limbo after lower courts blocked the program nationwide. The Department of Education began sending emails to borrowers who have been approved to have their federal student loans relieved, …

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Biden administration asks Supreme Court to let student debt relief program go forward

Biden administration asks Supreme Court to let student debt relief program go forward

CNN — The Biden administration asked the Supreme Court on Friday to allow its controversial student loan debt relief program to go into effect while legal challenges play out across the country. The program promises to deliver up to $20,000 of debt relief for millions of borrowers, but has been on hold after lower courts …

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