Biden's budget excludes student loan forgiveness, so what should you do with college debt?

President Biden’s budget proposal doesn’t include student loan forgiveness. Here’s what you can do with your outstanding college debt balance. (iStock) During his presidential campaign, Joe Biden called for Congress to cancel up to $10,000 worth of student loan debt per borrower. Senate Democrats have called on the President to forgive federal student debt through an executive order, but Biden […]

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U.S. Manufacturing Activity Increases At Slightly Faster Rate In May

Manufacturing activity in the U.S. expanded at a slightly faster pace in the month of May, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its manufacturing PMI inched up to 61.2 in May from 60.7 in April, with a reading above 50 indicating growth in the manufacturing sector. The uptick surprised economists, […]

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PA, VA businesses back to 100% capacity: It's 'wonderful'

‘It’s about time’ CDC loosened restrictions for vaccinated Americans: Gianno Caldwell The Hill correspondent Alex Gangitano and podcast host Gianno Caldwell weigh in on new CDC guidelines for vaccinated people, varying coronavirus restrictions from state to state and changes coming to congressional House seats.  Pennsylvania and Virginia businesses can now reopen at 100% capacity for the first time in months. […]

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‘Vaccination key to health of economy,’ says K.V. Subramanian

Economic impact due to spate of lockdowns across States not likely to be as bad as last year, says CEA The economic impact of the second wave of the COVID-19 pandemic may not be very large at this point but curbing the pandemic through swift vaccination and strict COVID-19 protocols is imperative to revive economic activity, Chief Economic Adviser K.V. […]

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Industry laments inadequacy of GST compliance relaxations

‘Overall expectation was a complete waiver of late fees for pandemic-hit months’ The GST compliance relaxations announced on Friday to help businesses cope with the second wave of the COVID-19 pandemic need to be enhanced to provide meaningful relief to firms hit by the ongoing severe disruption, industry representatives contend. Following the GST Council’s meeting, Finance Minister Nirmala Sitharaman announced […]

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Salesforce.com Lifts FY22 Outlook, Shares Up 5%

Shares of Salesforce.com Inc (CRM) gained over 5% in extended trading hours on Thursday after the company lifted its financial outlook for the full year 2022. Looking forward, the cloud-based enterprise software marker now expects adjusted earnings of $3.79 to $3.81 per share and revenues of $25.9 billion to $26.0 billion. Analysts polled by Thomson Reuters currently estimate earnings of […]

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Department of Justice investigating Archegos collapse: report

More On: hedge funds Bitcoin over bonds: Billionaire Ray Dalio reveals he owns crypto NY Daily News parent Tribune approves takeover by Alden Global Opposition to Alden takeover of Tribune heats up ahead of vote Hedge fund founder sentenced to prison in Neiman Marcus fraud The US Department of Justice has reportedly launched a probe into this spring’s dramatic implosion […]

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More fiscal support is imperative: CII chief

Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time […]

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