Monthly Archives: October 2021

Education Department intensifies scrutiny of student loan servicers

The Education Department’s (ED) office of Federal Student Aid (FSA), which oversees the government’s massive student loan portfolio, is launching stronger standards for student loan servicers in an effort to tighten oversight. “FSA is raising the bar for the level of service student loan borrowers will receive,” FSA Chief Operating Officer Richard Cordray said in a statement.  As payments are set to resume on January 31, 2022, the agency’s moves — which follow on the back of recent news… Source link

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UPS upgraded by Stifel ahead of expected holiday shipping crunch – Yahoo Finance

Amid a strained period for supply chains across the country, UPS looks like a bright spot for investors, according to a new note from Stifel. Stifel upgraded the stock from Hold to Buy, noting that “there’s a lot to like about the fundamental UPS story right now,” raising its target price to $224. “I’d say that UPS is in the best position or at least one of the best positions” amid the holiday shopping season, Stifel’s Bruce Chan said on Yahoo Finance Live. “When you’re looking at the kind of… Source link

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This week in Bidenomincs: Doing less with less

President Biden’s economic agenda is shrinking fast—along with Biden’s own reputation. House Speaker Nancy Pelosi told fellow Democrats recently that “the guidance I am receiving from members is to do fewer things well.” This sounds like a setback to liberal Democrats who want a social-welfare revolution, but there’s another way of looking at it: What took so long? Pelosi is referring to the giant social-welfare and green-energy bill that would include virtually every Democratic… Source link

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‘Just a matter of time before another COVID-19 surge’ as new infections fall

President Joe Biden touted the country’s progress in the fight against COVID-19 this week as new cases decline and vaccination rates rise. But despite the recent progress, health officials are warning that the pandemic is far from over, even with the Delta variant in retreat, saying Americans should brace for another wave this winter. “It’s just a matter of time before we have another surge,” Dr. Murtaza Akhter, University of Arizona College of Medicine-Phoenix Emergency Physician told… Source link

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Qualcomm is salty about Pixel’s switch to Tensor but really shouldn’t be

The Google Pixel 6 phones will ditch Snapdragon chips for an in-house design, and Qualcomm is clearly feeling a little hurt about it. Qualcomm couldn’t help but throw some shade at Google — in the form of a red flag meme on Twitter (via 9to5Google). In August, Google revealed its Tensor chip, which will make a proper debut at the Pixel 6 event on Tuesday. This marks the end of an era where Pixel phones — and most of Google’s earlier Nexus line — relied on Snapdragon SoCs. The… Source link

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The Great Resignation is ripping through this sector

The Great Resignation is beginning to create even more havoc for thinly staffed restaurant chains trying to rally back from being hammered during the pandemic.  This week, the Bureau of Labor Statistics reported that quits rates in the food service industry hit 6.8%, compared to an overall quits rate of 2.9%. Guggenheim analyst Gregory Francfort notes the quits rate for food service is well above the 5% peaks seen in quits in 2006 and 2019, and 4.1% average over the past 20 years.  Nearly… Source link

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