Investing News

A dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program. The legislation, the What You Can Do for Your Country Act, would dramatically expand the pool of student loan borrowers who are eligible to have their debt cancelled. Sens. Tim Kaine (D-Virginia), Elizabeth Warren (D-Massachusetts),
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Apple‘s iPhone business, its money-making machine that drove 60% revenue last year, is “in a difficult spot,” Credit Suisse said. The bank initiated its coverage on the tech giant with a neutral rating on Thursday, citing a slowdown in smartphone demand and the iPhone business reaching maturation. It expects iPhone sales to decline 12.4% in
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Ollie’s Bargain Outlet is one-third of the way to opening 950 locations after opening three Tennessee stores on Wednesday, CEO Mark Butler told CNBC. The discount retailer is also eyeing new establishments in Oklahoma and Massachusetts, which would expand the chain to 25 states across the country, he said. Ollie’s store count currently stands at
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Investor Peter Boockvar sees two narratives gripping the market, and one could send investors running for cover. While the stock market is suggesting an economic and earnings slowdown is temporary, the Bleakley Advisory Group chief investment officer believes bond trading activity signals equities are vulnerable to a painful shock. “The stock market is assuming …
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