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End to Student Loan Payment Pause Yields Sharp Rise in Defaults
Student loan defaults reached a record high, with 9.52 million borrowers in default, as of March, according to new data from the Office of Federal Student Aid. The numbers have surged since loan payments came due following a more than 3.5-year-long COVID-19-era moratorium. While payments technically resumed in October 2023, the Department of Education provided…
Court clears TD Bank of damages despite proven loan breach
An earlier summary judgment ruling, upheld on appeal, already found that TD had negligently breached its loan contract with 163 by failing to advance the full amount. That left one question for trial: what damages, if any, flowed from that breach. The Rooneys and their companies sought a combined $8,833,776, covering losses to 163, a…
Trump sued over Truth Social advance access sale
President Donald Trump was sued on Wednesday by a media outlet and a non-profit group seeking to block a controversial new service that sells advance notifications of his posts on Truth Social. The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump’s posts on his own social media site often move financial markets…
Here’s the real reason oil prices aren’t moving higher
Oil prices are not higher largely because the world does not want as much oil as it used to — and that’s arguably the more troubling story.
Wayne Penello on Risk Management Beyond Diversification
From the “Adjusted for Risk” podcast, host Ryan Nauman interviews Wayne Penello, founder and CEO of NextGen EMP, about practical risk management for investors and advisors. Penello shares his background as a NYMEX options market maker and commodity risk consultant, emphasizing translating risk into meaningful metrics like budget outcomes and drawdowns rather than simple volatility….
Should You Buy SpaceX Stock Below $120?
It seems like just yesterday, Elon Musk was anointed the world’s first trillionaire by capital markets. Now, with Space Exploration Technologies (SPCX +1.96%) stock down 43% from highs set in the days following its initial public offering (IPO), Musk’s net worth is close to getting cut in half as bearish sentiment sets in. Are we…