Corporate news, financial markets, and economic trends
A landmark legal victory bars Navient from federally servicing student loans and makes it pay back borrowers an estimated $100 million for various problematic practices over the years, according to this settlement orchestrated by the Consumer Financial Protection Bureau. The settlement with the consumer financial watchdog follows months-long litigation that has accused the company of…
Asian markets were mixed on Monday following a Hong Kong market fall in reaction to investors’ negative reaction to weaker-than-expected economic data from China. Hong Kong stocks have fallen recently, which have negatively reacted to weaker-than-expected economic data from China. This fall is accompanied by expectation for the upcoming rate decision of the Federal Reserve…
The release of the newest reports of inflation released mixed reactions in the markets on Wednesday as they await cuts of rate from the Federal Reserve. Such an unexpected cut from the Federal Reserve this September, while viewed by analysts as an apparent positive-a larger-than-expected cut would ultimately lower borrowing costs and hopefully help economic…
In an open letter published on Tuesday, new Starbucks CEO Brian Niccol has outlined new strategies with the sole intention of ending the slump of the chain. Through his first days as Starbucks’ new chief executive, Brian Niccol outlined an ambitious agenda to turn around the ailing chain. First and foremost, his attention will be…
The Federal Reserve will decide to cut the interest rate based on the two significant factors that influence the financial world, mainly PPI and CPI. This week’s two major inflation data will be crucial in the financial sector and will impact the Federal Reserve’s potential future interest rate reduction decision. Among these are the Producer…
London- Many analysts predicted mixed emotions as the European markets began on Wednesday with the latest U.S. inflation data to be released later in the day. European markets are pointed toward a divided opening as traders look forward to key U.S. inflation data that might further dictate the future monetary policy path. Cautiously optimistic perhaps…
