• The stock market sell-off is almost over and resilient earnings and slowing inflation means a rally is on the way, JPMorgan says

    9 days ago - By Business Insider

    Getty Images / Bryan R. Smith The most recent sell-off in stocks is almost over, according to JPMorgan. The bank said as inflation expectations moderate, risk assets like stocks should will slow their descent. "We see potential for a strong rally whenever the macro picture turns less negative," JPMorgan said. The current sell-off in stocks is likely nearing its end and a rally could be imminent, as corporate earnings remain resilient and inflation expectations moderate, according to JPMorgan's Marko Kolanovic writing in a note to clients on Monday. The bullish note comes less than a week...
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  • The student-loan forgiveness application wasn't ready when Biden announced relief because the Education Department couldn't move forward until it was an official policy, the Education Secretary says

    9 days ago - By Business Insider

    Education Sec. Miguel Cardona. GREG NASH/POOL/AFP via Getty Images
    An application for student-loan forgiveness is set to become live in early October.
    Education Sec. Miguel Cardona said it wasn't ready in August because Biden needed to give the green light.
    "We couldn't create an application if it hadn't been a policy that the president would have put forth," he said.
    President Joe Biden's Education Secretary has an answer for why an application for student-loan forgiveness wasn't ready when relief was announced. At the end of August, Biden announced up to $20,000 in debt cancellation for...
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  • There are 'many moving parts' with student-loan forgiveness but the process to get relief will be 'better than people expect,' Biden's Education Secretary says

    9 days ago - By Business Insider

    US Education Secretary Miguel Cardona MANDEL NGAN / Getty Images
    Education Sec. Miguel Cardona said student-loan forgiveness will roll out "better than people expect."
    He said he is working hard to ensure the process to get relief is as smooth as possible.
    Some student-loan companies have raised concerns with the lack of guidance on implementation.
    President Joe Biden's recent student-loan forgiveness announcement is an unprecedented move - but his Education Secretary said borrowers shouldn't worry about its implementation. At the end of August, Biden announced up to $20,000 in debt...
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