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Bloomberg
Privately Held Student Loans No Longer Qualify for Biden Debt Relief Plan
(Bloomberg) — The Biden administration on Thursday reversed course on part of its student debt forgiveness plan and will no longer forgive privately held federal student loans, according to an update to a Department of Education fact sheet. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapTop Apple Executive Is Leaving After Making
Benzinga
JPMorgan, Morgan Stanley Slash Alibaba’s Price Target: Report
JPMorgan Chase & Co and Morgan Stanley analysts cut their price target for Alibaba Group Holding Limited (NYSE: BABA), turning more pessimistic about the Chinese e-commerce giant on sales concerns. Alibaba’s sales outlook for the September quarter is eroding on soft China consumption, Bloomberg reports citing analysts. JPMorgan cut its price target for Alibaba to $135 from $145, citing a weakening revenue outlook in the near term that could continue to weigh on the share price despite an unchang
Benzinga
What Did Warren Buffett Say He’d Write A $25 Billion Check For?
Berkshire Hathaway CEO Warren Buffett is well known for his frugality. The extent of his frugal quirks are well-documented. You may already know that he never spends more than $3.17 on breakfast or that he lives in the same house he bought in 1958 for about $31,000. You may even know from his documentary “Becoming Buffett” that his No. 1 is: Never lose money. What you may have missed though, was the Oracle of Omaha’s fancy for farmland. It must be heavy on his mind lately, as he alluded to it as
SmartAsset
Why Putting 20% Down on a Mortgage May Be a Mistake
When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may be considerably … Continue reading → The post This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake appeared first on SmartAsset Blog.
Yahoo Finance Video
F45 Training stock soars on buyout offer
Yahoo Finance’s Brad Smith and Brian Sozzi break down the move in F45 Training stock on news of a takeover bid.
NextShark
Airbnb plans ‘hanok’ category as K-wave continues sweeping the globe
Airbnb has proposed a plan to add traditional Korean houses called “hanok” as a new category as the Korean wave, or K-wave, continues to sweep the globe. Global Head of Housing Catherine Powell spoke to Yonhap News Agency (YNA) last week, revealing the company’s plan to add hanok to its “Airbnb Categories.” The move is similar to the online platform’s addition of ryokan, a traditional Japanese inn.
Bloomberg
Top Apple Executive Is Leaving After Making Crude Remarks in TikTok Video
(Bloomberg) — One of Apple Inc.’s most senior executives is leaving after he turned up in a viral video on TikTok making an off-color joke that he fondles “big-breasted women” for a living.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsStocks Plummet to 22-M
Bloomberg
Banks Dealt Fresh Blow With Collapse of Brightspeed Debt Sale
(Bloomberg) — For the second time in two weeks, Wall Street bankers suffered a painful reminder of how quickly risk appetite is evaporating from credit markets as a $3.9 billion debt sale for a leveraged buyout collapsed.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Mar
Reuters
Insurers brace for hit from Florida’s costliest storm since 1992
(Reuters) -Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be the costliest Florida storm since Hurricane Andrew in 1992, according to U.S. property data and analytics company CoreLogic. Wind losses for residential and commercial properties in Florida are expected to be between $22 billion and $32 billion, while insured storm surge losses are expected to be an additional $6 billion to $15 billion, according to CoreLogic. “This is the costliest Florida storm since Hurricane Andrew made landfall in 1992 and a record number of homes and properties were lost,” said Tom Larsen, associate vice president, hazard & risk management, CoreLogic.
TODAY
Veteran EMS Lieutenant Killed in Unprovoked Attack in NYC
The New York City Fire Department is mourning the loss of a 24-year FDNY veteran Alison Russo-Elling who was killed in a random attack on Sept. 29 outside the station where she was working.
Bloomberg
JPMorgan, Morgan Stanley Cut Alibaba Target on Revenue Concerns
(Bloomberg) — JPMorgan Chase & Co. and Morgan Stanley analysts cut their price target for Alibaba Group Holding Ltd., turning more pessimistic on the Chinese e-commerce giant on sales concerns.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Taylor Gre
SmartAsset
These Are The Best Ages to Retire
Part of a sound retirement planning strategy involves choosing the best age to retire. The normal retirement age is typically 65 or 66 for most people; this is when you can begin drawing your full Social Security retirement benefit. It … Continue reading → The post What Are the Best Ages to Retire? appeared first on SmartAsset Blog.
