If you borrowed money to pay for school, your first question might be how best to pay off your student loans. The short answer is that there’s no magic bullet, but there are definitely things you can do to make paying back education debt easier. Student loan debt reached an all-time high of 1.54 trillion
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After 10 years of continuous growth, world auto production saw a significant decline in 2019 with global production decreasing more than 5% for the year. In 2019, manufacturers produced approximately 92 million vehicles worldwide, including 67 million cars and 25 million commercial vehicles. The decline in automobile production continued well into 2020 as manufacturing shutdowns
In the 2019/2020 crop year, global sugar production was approximately 166.18 million metric tons, with 182 million metric tons expected for 2020/2021. Approximately 80% of the world’s sugar is produced from sugar cane in tropical and subtropical climates. The remaining 20% comes from sugar beets, which are grown mostly in the temperate zones of
Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017. David Paul Morris | Bloomberg | Getty Images Elliott Associates sees a runway beneath Public Storage, and is pushing the self-storage company to boost investment and catch up to industry peers’ growth. The company is
What Is a Real Estate Derivative? Real estate derivatives, sometimes referred to as property derivatives, are instruments that allow investors to gain exposure to the real estate asset class without having to actually own buildings. Instead, they replace the real property with the performance of a real estate return index. In this way, investors can invest
The Marriner S. Eccles Federal Reserve building stands behind a fence in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve announced on Friday that it will allow the nation’s largest banks to resume share buybacks in the first quarter of 2021 subject to certain rules. Share
Along with institutional investors, trading exchanges are also coming for cryptocurrencies. Wednesday turned out to be a bonanza day for crypto after two major exchanges announced their plans to launch products tailored for crypto next year. Cboe Global Markets, Inc. (CBOE) said it will roll out data and trading products aimed at crypto investors starting
Stanley Druckenmiller (L) and Paul Tudor Jones CNBC A herd of new, big investors are scooping up bitcoin this year as the price more than doubles. Investors who bought at least 1,000 bitcoins — worth roughly $23 million at Friday’s price — and have had an account open for less than a year, drove significant
Yesterday’s Bitcoin (BTCUSD) price increase had a similar effect on the prices of investment products associated with cryptocurrencies. Most of them were hit with a pleasant initial jolt in prices as news of the cryptocurrency’s new price record price made its way to the markets. By the end of the day, some had shed their
AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
Short-term investments can include a number of possible investment vehicles. Marketable equity securities are just one of the possible choices a company might make for short-term investments. Short-term investments vary widely among different businesses. Major corporations typically have billions of dollars in short-term investments that are managed by professional investment firms. For such corporations, cash management
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images This is a developing story. Check back for updates. The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money
Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In the U.S., when the Federal Reserve Board (the Fed) changes the
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic
A discount broker is a stockbroker who carries out buy and sell orders at a reduced commission rate. However, a discount broker does not provide investment advice or perform analysis on a client’s behalf, unlike a full-service broker. Before the emergence of better communications technology, only the wealthy could afford a broker and access to
Stock trading app Robinhood is being accused of reckless, exploitive business tactics on its young, millennial clientele. “The worst aspect of what they do clearly is they way they are gameifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin, who filed the compliant, told CNBC’s “Squawk Alley” Wednesday. “This is a very
In a sharp reversal from yesterday, U.S. equity markets rallied hard throughout the day, closing near session highs. News of real progress on a slimmed-down $748 billion stimulus package added some optimism, as did the FDA’s endorsement of Moderna’s mRNA COVID-19 vaccine. Enhanced lockdown measures throughout Europe and in some U.S. cities did little to
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think
Overview The aim of the New York City Recovery Index is to create a practical, weekly pulse-check of the economic progress of the city. We built the overall city recovery index from components that align with the lives of New Yorkers: Health Transport and mobility Jobs Real estate and housing Restaurant reservations As New York
CNBC’s Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. “We are so close to getting this economy back on track, but these places that close, they can’t