President Biden’s new repayment plan for federal student loans will cost the government $475 billion over the next decade, according to a new economic projection. The updated income-driven repayment plan would surpass the $400 billion cost of the debt forgiveness plan that the Supreme Court rejected last month. The new repayment plan, announced last year and completed this month by […]

“Look who’s running Hollywood right now, corporate America,” declared Teamster president Sean O’Brien on the WGA and SAG-AFTRA picket line outside Amazon’s LA HQ. Big corporations, they don’t care about their people. They care about the bottom line and the balance sheet,” he added with Hollywood Teamster leader Lindsay Dougherty by his side. “This is a historic moment in our […]

In a bid to capture a larger share of the thriving global luxury goods market, French parent company Kering has announced a leadership overhaul that will see the president and CEO of Gucci, Marco Bizzarri, step down later this year. According to a statement released by Kering on Tuesday, Bizzarri, who has been leading Gucci since 2015, will officially leave […]

New Regency said today it’s closed a $175 million term loan from global investment firm Carlyle Group, providing new capital for the indie to scale up production. The loan is a refinancing and upsize of an existing Carlyle facility. In 2020, the producer set a new five-and-a-half year, $125-million term loan from Carlyle, along with a pair of financing deals with […]

Stocks are likely to move to the upside in early trading on Wednesday, extending the rebound seen over the two previous sessions. The major index futures are currently pointing to a notable higher open for the markets, with the S&P 500 futures up by 0.8 percent. The futures saw a significant surge following the release of a highly anticipated Labor […]

Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise. Between January and March, India was facing a shortage of milk products such as butter and ghee, raising prospects of imports in a country that is the world’s largest supplier of liquid milk. Today, the scene couldn’t be more […]

SCRATCH “In college I was looking forward to becoming an adult, and now I’m here and it’s horrible.” Seventeen 2023 graduates show and tell us how they feel about entering the work force. By Julia Rothman and Shaina Feinberg Julia is an illustrator. Shaina is a writer and filmmaker. There’s good news for recent college graduates: The labor market is […]

Amazon is considered one of the best-run companies in the world with an all-encompassing business model, but it did not get there without a few missteps along the way. Originally the brainchild of Jeff Bezos, Amazon got its start in 1995 selling books online and later expanded into selling CDs and videos. With time, all of these mediums have found […]

The Covid winter seems to be finally ending for debt-oriented mutual fund (MF) schemes as interest rates peak, especially for those that invest in shorter-maturity papers. In the past two months, shorter-horizon debt schemes — ultra-short, low-duration, and money-market — have together raked in net inflows of Rs 48,000 crore, the highest for two months since April-May 2021. These schemes […]