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Student loan borrowers could soon begin applying to have up to $20,000 in loans forgiven despite uncertainty over the future of the Biden administration’s controversial debt relief plan. At least four lawsuits opposing the plan have emerged in recent weeks, though President Biden has appeared willing to put up a fight, saying recently: “Bring it on.” While experts disagree on the merits of the cases, they do agree on one thing; borrowers who apply for forgiveness first could have an advantage…. Source link

U.S. stocks tumbled early Friday as the government’s key employment reading showed the labor market grew at a slower pace in September. The U.S. economy added 263,000 jobs last month as the unemployment rate fell to 3.5%. Economists expected a payroll gain of 255,000 and for unemployment to hold at 3.7%. Futures tied to the S&P 500 (^GSPC) dropped 0.7%, while futures on the Dow Jones Industrial Average (^DJI) shed more than 100 points, or 0.4%. Nasdaq Composite (^IXIC) futures led the way… Source link

As if Elon Musk’s week couldn’t be more eventful, the Tesla (TSLA) CEO gave the automotive world more news to chew on. In a tweet last night, Musk said Tesla has begun production of its long-awaited electric Tesla Semi truck, and that deliveries to Pepsi (PEP) would begin on December 1st. In a follow-up tweet, Musk said the semi would have 500 miles of range and would be “super fun to drive.” Yahoo Finance has reached out to Pepsi for comment, but the company has not responded back at… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 7, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. If you thought the rip-roaring start to the fourth quarter for markets was high drama, you better buckle up for Election Day on Nov. 8. Democrats could lose their majority in Congress,… Source link

Twitter’s lawyers fired back at Tesla CEO Elon Musk in a court filing Thursday, accusing the company’s recalcitrant buyer of engaging in “mischief and delay” with his renewed bid for the company. Twitter said Musk’s latest proposal to buy the company for $44 billion can’t be trusted. The claim came in a court document opposing Musk’s earlier request on Thursday for a Delaware judge to halt the court proceedings against him in the parties’ merger deal gone sour. The case was set for… Source link

Levi Strauss (LEVI): Shares fell 5% in extended trading after the jeans-maker lowered its full year forecast, citing the strong dollar and supply chain disruptions. Levi sees full-year adjusted earnings per share of $1.44 to $1.49, down from its previous range of $1.50 to $1.56, and 2022 net revenue growth of 6.7% to 7%. For the third quarter, Levi reported adjusted earnings of 40 cents a share on revenue of $1.52 billion. Advanced Micro Devices (AMD): The chipmaker fell in after hours trading… Source link

This article is part of our Yahoo DFS Hockey series. The puck will drop on the 2022-23 NHL season Oct. 7, with the Sharks and Predators getting things started from Prague. Stateside action will follow soon after, starting Oct. 11, and Yahoo Daily Fantasy Hockey (DFS) contests will be available every day on which there’s at least one regular season or playoff hockey game. Yahoo offers both multi-game and single-game DFS contests. The strategies below have multi-game contests in mind,… Source link

History shows the stock market loves the period after the midterm elections — but that might not be the case in the wake of this year’s Nov. 8 election. “A lot of things will drive the stock market,” Gargi Chaudhuri, head of iShares investment strategy at BlackRock Americas, said on Yahoo Finance Live. “I don’t want to base it entirely upon the Fed and elections only. … But all else equal, if you are just giving me a hawkish Fed and a divided government, I think it is just going to be… Source link

Job growth slowed for a second month in September as a series of supersized interest rate hikes permeated the U.S. economy, but the softer non-farm payroll gain is still unlikely to deter policymakers from aggressive monetary action to fight inflation that remains at a decades-high. Here are highlights from the latest monthly jobs report released by the Labor Department on Friday, compared to consensus estimates from Bloomberg. Non-farm payrolls: +263,000 vs. +255,000 expected Unemployment… Source link

Advanced Micro Devices, Inc. Preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue Revenue for Data Center, Gaming, and Embedded Segments each grew significantly year-over-year and in-line with the company’s expectations Management to discuss financial results and outlook on Nov. 1 earnings call SANTA CLARA, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD)… Source link