This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and retirement benefits. In a new U.S. Department of Education memo obtained by CNBC, a top official lays out for the first time…
Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users had flagged issues related to their accounts as of midday. The site indicated the interruptions had been occurring since at least 9…
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a…
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook…
In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach can be used when the monthly chart is in a strong position. Joe shares how to use MACD and ADX to help when the trendline pattern…
President Biden delivered his farewell address to the nation on Wednesday evening, taking a victory lap for the cease-fire deal between Israel and Hamas and warning Americans about an ‘oligarchy’ in the U.S. that ‘threatens our entire democracy.’ ‘My fellow Americans, I’m speaking to you tonight from the Oval Office.…
The Congressional DOGE Caucus’ plans for cutting government waste are shifting into focus after the group’s second-ever closed-door meeting on Wednesday. Caucus leaders are splitting lawmakers into eight working groups focused on different sectors for waste-cutting. Those will focus on retirement, social and family safety nets, emergency supplemental funding, energy…
Florida’s Republican Sen. Marco Rubio sailed through his confirmation hearing with the Senate Foreign Relations Committee on Wednesday, all but assuring he will assume the role of top diplomat under the new Trump administration later this month. Rubio’s confirmation hearing — a process usually full of verbal diatribes, strong political…
President Biden is ending his tenure in the White House on a ‘sad’ note after ‘lying to the nation’ and taking credit for a cease-fire deal between Israel and Hamas during his farewell address on Wednesday evening, a Trump transition official said. ‘Joe Biden is going out sad. Lying to…
Leaders in the U.S. and around the world commended the recent Israel-Hamas cease-fire deal on Wednesday. Biden announced the terms of the cease-fire during a news conference Wednesday at the White House. It will consist of two phases and will take place over the next several weeks. The first phase,…