News

When student debt payments restart, your loan type will make a big difference

Interest on "unsubsidized" federal student loans typically accrues for current students and during periods of deferment — but not during the payment pause.

UAE crypto scammer sentenced to 8 years in prison for multimillion dollar fraud scheme

Olalekan Jacob Ponle, or Woodberry, already surrendered 15 bitcoin and will pay a further $8 million in restitution and forfeit a variety of high-end cars.

China says foreign trade faces 'extremely severe' situation, blames geopolitics for slump

China's Commerce Ministry on Wednesday said non-economic factors were growing and interfering with trade.

UK inflation rate slides to 7.9% in June, below expectations

U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.

Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects

With costly write-downs and a continued Wall Street slump expected to weigh on Goldman Sachs results this quarter, expectations have been set low.

Stocks making the biggest moves after hours: Interactive Brokers, Western Alliance, Omnicom and more

These are the stocks posting the largest moves in extended trading.

Stocks making the biggest moves midday: Morgan Stanley, Bank of America, Charles Schwab and more

These are the stocks posting the largest moves in midday trading.

Schwab CEO says bullishness among retail traders is rising, with buy orders 20% higher than sells

Charles Schwab CEO Walt Bettinger said Tuesday retail investors using his brokerage are showing signs of bullishness on the stock market.

Charles Schwab stock pops 12% after second-quarter results beat expectations

CFO Peter Crawford said cash outflows were decelerating for the brokerage firm.

Morgan Stanley beats estimates on record wealth management revenue

Under CEO James Gorman, Morgan Stanley's reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.

Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance

Former Twitter employees in Ghana have been left without severance and have not heard from the company for three months, sources told CNBC.

Is Biden's $39 billion student loan forgiveness action legal? 'Be assured it's going to stay,' says expert

The White House announced $39 billion of debt forgiveness for student loan borrowers Friday. The move would likely withstand legal scrutiny, said experts.
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