Student loan costs to balloon £10bn a year – IFS report
The Institute of Fiscal Studies says higher interest rates have increased costs of financing the system.
The Institute of Fiscal Studies says higher interest rates have increased costs of financing the system.
Pharrell Williams rolled up to a Louis Vuitton store in Miami in a Tesla Cybertruck, but the “Happy” singer was left with a frown after failing to parallel park the futuristic-looking electric vehicle. The award-winning producer attempted to squeeze the unwieldy, 18.5-foot-long stainless steel SUV between two cars for about 10 minutes between finally tossing…
The Alaska Airlines incident could have been much worse, but is still a major issue for the US plane-maker.
The country’s soaring national debt — which recently surpassed a record-high $34 trillion — is akin to a “boiling frog” for the economy and Wall Street investors, a senior analyst at JPMorgan Chase warned. Michael Cembalest, who runs JPMorgan’s market and investment strategy unit in the bank’s asset management division, predicted dire consequences for the…
Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment. So far, households have continued to spend and borrow, despite higher borrowing costs,…
Last year, the independent, fledgling union Trader Joe’s United accomplished what had never been done before: It formed the chain’s first unionized store, in Massachusetts, then its second, in Minnesota. Once the celebrations were over, workers got down to the less glamorous business of negotiating a first contract. But Trader Joe’s insisted everyone participate in…
Jan. 11, 2024 12:53 pm ET Federal regulators have formally notified Boeing that it is being investigated following an incident with its 737 MAX 9 plane. The Federal Aviation Administration said Thursday that it had notified Boeing of the investigation, which will determine if the company failed to ensure products were safe and met approved…