• 5 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and more student loan forgiveness for borrowers.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:04Earnings season is helping the tech-heavy Nasdaq rebound from its worst route of the year.
00:09Shipmaker TSMC helped lift the mood with better-than-expected quarterly profits, thanks to continued strong demand coming from artificial intelligence.
00:18Investors also digesting a larger-than-anticipated jump in weekly jobless claims.
00:24243,000 new applications for jobless benefits were filed last week.
00:28In other news, the Biden administration is not giving up on efforts to deliver student loan relief.
00:35$1.2 billion in student debt cancellation was announced Thursday under a program that was originally put in place by George W. Bush.
00:4335,000 workers will see their debt wiped clean under the Public Service Loan Forgiveness Program,
00:48which erases federal student loan balances for government or not-for-profit employees who qualify and
00:55stayed current on payments for at least a decade.
00:58Quote, the additional Americans approved for PSLF today are
01:03hard-working public servants who will finally receive the financial breathing room they were promised,
01:08Education Secretary Miguel Cardona said in a statement, adding, quote,
01:12this is relief that will bring real change in their lives and marks another win for this administration's
01:19relentless and unapologetic work to fix a broken student loan system.
01:24Despite many legal challenges, including a loss before the Supreme Court, the Biden administration has so far delivered roughly
01:30$170 billion in student loan forgiveness for roughly 4.8 million people.
01:37That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Giddens with The Street.

Recommended

1:45
I
Up next
Judge continues to block Biden student debt relief plan
The Street
1:48
60,000 more Americans receive student debt relief
The Street
1:48
Federal appeals court approves Biden student debt relief plan
The Street
1:44
Biden Administration announces another round of student loan forgiveness
The Street
1:55
Biden Administration is, again, allowed to forgive student debt
The Street
1:38
Biden Administration forgives another $7.4 billion in student debt
The Street
2:05
Back-to-school shopping means big bucks
The Street
1:36
Biden Administration forgives another $1.2 billion in student debt
The Street
1:53
More affluent Americans are living paycheck to paycheck
The Street
1:57
Credit Card debt is a growing concern
The Street
2:01
Big corporations will increase pay by almost 4% in 2025
The Street
1:48
Biden administration approves $9 billion in student loan forgiveness
The Street
0:46
Debt Ceiling Deal: What It Entails
The Street
2:13
Dow faces 9th straight day in the red
The Street
1:40
The rich have gotten much richer
The Street
1:53
Grocery prices are flattening, but menu prices are still rising
The Street
2:19
How to save for retirement while paying off student loans
The Street
1:53
Grocery prices finally start to come down
The Street
1:54
Boeing to borrow $10 billion and raise an additional $25 billion
The Street
1:53
Homebuyers rejoice: Mortgage rates drop to 15-month low
The Street
2:02
Boeing workers vote to accept new deal
The Street
4:40
Ally Financial's Shares Drop After The CFO Reported Intensifying Credit Challenges Among Borrowers And Delinquencies Amid High Inflation And Living Costs
Benzinga
1:31
'You Can't Earn Your Way Out of Stupidity': Dave Ramsey On Why $60K-Earning Teachers Often Become Millionaires
Benzinga
2:03
World’s richest get richer after Trump election win
The Street
1:58
GameStop, AMC make a roaring comeback
The Street