Republicans, however, challenged Biden’s assertion of executive authority over the loan program and won a 2023 Supreme Court ruling that vastly scaled back debt forgiveness. Now, under the Trump-backed budget bill pending before the Senate, the loan program would be simplified and its terms made less generous to borrowers. (The House already passed the bill
The trade war hits stock markets — how can you protect your finances? The global trade war has hit the stock markets — this is how you can protect your finances. Americans may have gotten pretty good at tuning out negative news and predictions, at least when it comes to investing, a Wealthfront survey suggests.
Driven by strong demand for wealth management and insurance solutions in Asia, OCBC posted record financial results for the third year in a row. The Singapore-based bank reported a net profit of S$7.6 billion (US$5.9 billion) for its 2024 financial year, and total income rose by 7 per cent to S$14.5 billion. Within the year,
JAKARTA: Indonesia’s economic policy package aimed at stimulating demand, which includes fare subsidies as well as cash and food handouts over June and July, will cost the government 24.44 trillion rupiah (US$1.5 billion), the finance minister said on Monday (Jun 2). State-owned companies will cover around 850 billion rupiah in costs for policies like subsidising
Russia’s economy is under threat from a potential banking crisis, companies withholding dividend payouts and a significant downturn in growth. The Kremlin-linked Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF) raised concerns about issues in the banking sector, including an increased likelihood of a run on banks. In a report this week, the CMASF highlighted
In 2017, the Chinese government was the largest cryptocurrency market in the world. It is estimated that as many as 80 percent of all Bitcoin transactions were taking place in Chinese currency, the yuan (also known as the renminbi), at that time. Cryptocurrency exchanges in China were busy and proliferating. The availability of cheap electricity,
From Treasuries to Bitcoin, the pursuit of safety is reshaping how investors allocate and exit their capital. Unsplash+ In times of stress, wealth always chases after safety, but in 2025, the definition of “safe” has become much murkier. The investment landscape for high-net-worth (HNW) investors is undergoing a significant transformation, and the definition of safe
President Recep Tayyip Erdoğan on Friday highlighted the Muslim world’s underperformance and untapped economic potential, urging for greater intra-Islamic cooperation in trade, finance and investment. Addressing delegates at the 2nd Global Islamic Economy Summit in Istanbul, Erdoğan emphasized the disparity between the Muslim world’s demographic weight and its economic clout. “Muslims account for 25% of
JAKARTA: Indonesia is rolling out a slew of stimulus measures to get its people to spend more in the next two months, but these may not be enough to revive sluggish domestic consumption and lift economic growth, analysts say. Instead, broader moves are needed to help the country’s dwindling middle class and protect businesses from
Rising government debt. Exploding budget deficits. They have bond AND stock markets spooked. With rates on the rise, how can investors cope? Here are a trio of top strategies and picks favored by MoneyShow contributing experts. Mike Larson MoneyShow.com The “AAA Age” is over. Moody’s Ratings just stripped the US of its last top-notch credit