US financial news summary

Hello and welcome to AS USA’s live blog covering financial news The Supreme Court ruled 6-3 that President Biden didn’t have the authority to issue his broad student loan debt forgiveness executive order. Now millions of student loan borrowers who had hoped to benefit from the debt relief will need to reassess how to deal … Read more

Letters to the Editor: Fossil fuels must be phased out. How does investing in them make financial sense?

An oil pump at Chevron’s Kern River Oil Field north of Bakersfield is seen on May 9. To the editor: William Prezant, chair of the investment committee of the California State Teachers’ Retirement Board, argues that divesting California’s pension funds of their fossil fuel stocks “essentially transfers shares to other investors who may be unwilling … Read more

US financial news live updates: July SNAP payments, Social Security checks, student loan forgiveness…

The Supreme Court has ruled against the legality of President Biden’s Student Loan Forgiveness plan, his flagship programme to eliminate hundreds of billions of dollars in student debt. . EDT . EDT Hello and welcome to AS USA’s live blog covering financial news The Supreme Court ruled 6-3 that President Biden didn’t have the authority … Read more

US financial news live updates: July Social Security payments, SNAP checks, jobless claims, student loan forgiveness, inflation…

Powell: process of getting inflation to 2% “has a long way to go” The US Department of Commerce will publish new data Friday on where inflation is at in the US. The Bureau of Economic Analysis will release the Personal Consumption Expenditure (PCE) Price Index for May. This is the Federal Reserve’s preferred inflation measure, … Read more

US financial news live updates: July Social Security payments, SNAP checks, jobless claims…

Powell: process of getting inflation to 2% “has a long way to go” The US Department of Commerce will publish new data Friday on where inflation is at in the US. The Bureau of Economic Analysis will release the Personal Consumption Expenditure (PCE) Price Index for May. This is the Federal Reserve’s preferred inflation measure, … Read more