Tag Archives: relief

[unable to retrieve full-text content]FT: Founder of Russian tech giant Yandex Arkady Volozh seeking EU sanction relief. The businessman earlier…  Новая газета. Европа Source link

(Bloomberg) — An Indian appeals court declined to grant any immediate relief to Alphabet Inc.’s Google in a case over a fine of 9.36 billion rupees ($115 million) for abusing its dominant position in the market. Most Read from Bloomberg The National Company Law Appellate Tribunal directed the US tech giant on Wednesday to deposit 10% of the penalty, which was slapped by the Competition Commission of India after hearing a case related to its Play Store policies. The amount has to be… Source link

New Orleanians stranded on a roof in the aftermath of Hurricane Katrina, Aug. 30, 2005. (Vincent Laforet/Pool/AFP via Getty Images) A recent report from ProPublica, a nonprofit news organization, reveals data showing that some of the hardest-hit victims of Hurricane Katrina were shortchanged tens of thousands of dollars on average by a federal program meant to help residents to rebuild. ProPublica, in partnership with New Orleans media outlets the Times-Picayune, the Advocate and WWL-TV, Source link

President Joe Biden on Friday offered an update on the launch of his administration’s student loan forgiveness efforts, announcing that in just under a week, nearly 22 million people applied online. “In less than a week, close to 22 million people have already given us the information,” Biden said during a visit to Delaware State University. “It takes less than five minutes.” The beta version of the application for up to $20,000 in loan forgiveness launched on Oct. 15 followed by the… Source link

U.S. stocks charged sharply higher Tuesday as Wall Street built on momentum from a broad market rally that kicked off the month and quarter earlier this week. The benchmark S&P 500 surged 3%, its largest two-day climb since April 2020 — with the strongest daily breadth reading since late 2018, per data from Bespoke Investment Group. The Dow Jones Industrial Average jumped 826 points, or 2.8%, for its second straight day of gains of more than 700 points. The technology-heavy Nasdaq Composite… Source link

U.S. stocks cascaded Thursday as recession jitters returned to Wall Street, paring gains from a fleeting relief bounce spurred by the Bank of England’s bond-buying move. The S&P 500 plummeted 2.3%, while the Dow Jones Industrial Average erased more than 500 points, or around 1.7%. The Nasdaq Composite sank over 3%. Technology stocks led the slide lower as heavily-weighted Apple (AAPL) shares erased roughly 4.8% on concerns around waning demand that prompted a downgrade from Bank of America…. Source link

Ash, a 34-year-old accountant from Connecticut, graduated from college in 2009 year with more than $100,000 in private loans, she says. Still, she thinks of herself as relatively lucky. With the help of her husband, who didn’t have his own student loans, they managed to pay them off in March 2022, after 12 years of making sacrifices so they could afford the monthly loan payments. Even if Ash, who asked Fortune not to share her last name to protect her privacy, hadn’t completely paid off her… Source link

Sheila Bair is former FDIC chair and senior fellow, Center for Financial Stability. President Biden has finally made a decision about student debt cancellation, going significantly beyond the $10,000 in forgiveness that he embraced as a presidential candidate. Of the 43 million borrowers eligible for his plan, 27 million Pell grant recipients will qualify for $20,000 of relief, with the remainder qualifying for $10,000. Conservative estimates put the cost at about a half trillion dollars. But… Source link

Everybody’s frustrated. If somebody could do something about it, it would be done. But oil and gasoline prices are on a tear that for the time being seems unstoppable. U.S. gasoline prices have hit $5 per gallon for the first time ever, and Moody’s Analytics thinks they could hit $5.50 within a couple of weeks. There’s no mystery why. A confluence of forces, led by Russia’s invasion of Ukraine, has crimped oil supply and bumped up demand. There’s more that could go wrong, adding a… Source link

With gas prices averaging nearly $4.50 per gallon, distraught drivers might feel they’re due for a break. But gas prices seem likely to go higher, and maybe break $5 on average, as Russian oil disappears from the market and producers struggle to keep up with demand. “My expectation is it’s going to get worse for consumers,” Vicki Hollub, CEO of Occidental Petroleum, said at a May 13 online forum sponsored by the Dallas Federal Reserve Bank. “Spare capacity is at a multi-decade low…. Source link