By Nate Raymond (Reuters) -A federal appeals court on Monday blocked the Biden administration from proceeding with another piece of its student debt relief agenda, a rule that would make it easier for people who are defrauded by their schools to have their loans forgiven. At the request of a group representing for-profit colleges, the…
By Lananh Nguyen NEW YORK (Reuters) – U.S. investment bankers who advise companies on deals can expect their bonuses to sink 20% to 25% this year as markets stay subdued, according to projections from compensation consultant Johnson Associates. The gloomy outlook will also weigh on investment bankers in debt and equity underwriting, where bonus pools…
By Elissa Welle NEW YORK (Reuters) – A new study is raising fresh questions about the value of breast cancer screening in older women, finding that those 70 and older who underwent mammograms were more apt to be diagnosed with tumors posing no threat to their health than those who did not screen. The study…
By Kantaro Komiya TOKYO (Reuters) -Japanese real wages fell for a 15th straight month in June, while nominal pay growth also slowed, suggesting companies will need to do more on salary hikes to drive a virtuous growth cycle and allow the central bank to consider exiting easy policies. Separate data on Tuesday showed Japan’s consumer…
By Greg Bensinger SAN FRANCISCO (Reuters) -San Francisco may be the symbolic capital of the tech industry, and the hub of next-generation services like artificial intelligence, but when it comes to self-driving cars, city officials are clear: not so fast. The question comes to a head later this week, when a state agency decides whether…
SYDNEY (Reuters) – Australian consumer sentiment slipped in August as a decision by the country’s central bank not to hike interest rates for a second month did little to soothe worries about the economic outlook. The Westpac-Melbourne Institute index of consumer sentiment dipped 0.4% in August from July, when it bounced 2.7%. The index reading…
By Will Dunham (Reuters) – The blue whale and other baleen whales, the gentle giants of the sea, sift huge quantities of tiny prey from ocean water using a filter-feeding system in their mouths. But they were not the first marine creatures to feed like that. Fossils unearthed in China’s Hubei Province indicate that a…
By Abhijith Ganapavaram, Priyamvada C and Juby Babu (Reuters) -Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier. The nearly 100-year-old company, which halted operations on July…
By Upasana Singh and Rishav Chatterjee (Reuters) – Australia’s biggest banks are likely to report narrower profit margins in the June quarter as an unprecedented pace of interest rate hikes to curb inflation starts to weigh on the economy, while investors will be watching for signs of rising bad debt. Commonwealth Bank of Australia, National…
By Lucy Craymer WELLINGTON (Reuters) – Public debt in most Pacific countries is expected to fall in the next 12 months as countries move towards the gradual unwinding of COVID-19 stimulus and the fiscal situation improves, according to a World Bank report released on Tuesday. “In line with fiscal consolidation efforts, public debt is projected…
