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South China Morning PostIs China set to lower its loan rate for the first time since early 2020?China's loan prime rate (LPR), which currently stands at 3.85 per cent, could be lowered for the first time since early last year on …4 hours ago

South China Morning PostIs China set to lower its loan rate for the first time since early 2020?China’s loan prime rate (LPR), which currently stands at 3.85 per cent,
could be lowered for the first time since early last year on …4 hours ago… Read More

Student loan borrowers may get more time before payments resume

Serhii Shleihel | iStock | Getty Images

Signs are mounting that student loan borrowers could get more time before they need to resume their payments.

For more than 16 months now, most borrowers’ bills have been on pause, thanks to a break offered by the U.S. Department of Education because of the financial struggles wrought by the Covid-19 pandemic. Currently, those payments are scheduled to begin again in October.

However, an extension is under consideration, experts say.

“There’s a great deal of discussion about what’s the right thing to do here,” said Scott Buchanan, executive director of the Student

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It’s a great time to get a raise on Wall Street: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Thursday, July 15, 2021

Bank executives can’t stop talking about worker pay

For workers at all levels of the labor market right now, it’s a great time to get a raise, or go find another job that will pay you more.

And Wall Street is no exception. 

Big banks have been leading the charge this week getting second quarter earnings season underway, and many of them have had something to say when it comes

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Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away.

The greatest wealth transfer in modern history has begun.

Baby boomers and older Americans have spent decades accumulating an enormous stockpile of money. At the end of this year’s first quarter, Americans age 70 and above had a net worth of nearly $35 trillion, according to Federal Reserve data. That amounts to 27% of all U.S. wealth, up from 20% three decades ago. Their wealth is equal to 157% of U.S. gross domestic product, more than double the proportion 30 years ago, federal data show.

Now they have started parceling it out to their heirs and others, unleashing a torrent

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Our data shows traders are now net-long Wall Street for the first time since May 20, 2021 when Wall Street traded near 34,102.00.

Number of traders net-short has decreased by 8.48% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BEARISH

50.46%

49.54%

6.61%
Daily

29.84%
Weekly

-4.72%
Daily

-8.48%
Weekly

0.68%
Daily

7.54%
Weekly

Wall Street: Retail trader data shows 50.46% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since May 20 when Wall Street traded near 34,102.00, price has moved 1.19% higher since then. The number of traders net-long is 6.61% higher than yesterday and 29.84% higher

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Ethereum cryptocurrency passes $4,000 for the first time

On May 5, 2020, one Ether token was worth $186. One year later, on Sunday night, the cryptocurrency hit $4,000 for the first time, a rise of over 2,100%. Though Dogecoin is sucking up most of the world’s cryptocurrency attention, it’s been a huge May for Ethereum already, as Sunday’s milestone comes just a week since the cryptocurrency hit $3,000 for the first time. 



a close up of a logo: Cryptocurrency has captured the attention of more investors this year. Getty Images


© Provided by CNET
Cryptocurrency has captured the attention of more investors this year. Getty Images

Ether is a cryptocurrency minted on the Ethereum blockhain. Bitcoin, the most known currency, is built on its own, separate

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Bitcoin (BTC USD) Cryptocurrency Price Selloff Was a Long Time Coming

Bitcoin has rewarded investors with massive gains all year, but now the cryptocurrency’s famous volatility is back.

The token plunged below $50,000 in Friday trading for its worst week in almost two months as a proposed tax hike for wealthy Americans intensifies an industry selloff.

While the digital token is known for its big price swings, this latest bout has been particularly head-spinning after the all-time high notched on April 14.

Still, talk to investors and analysts and many will say it was a long time coming — with last week’s rally in the satirical Dogecoin and the eye-watering valuation

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Wall Street Banks Say Time for Loan Market to Ditch the Fax

(Bloomberg) — A corner of the debt capital markets known for still sending official notifications via email and even the occasional fax is poised for a modern update.

Bank of America Corp., Citigroup Inc., and JPMorgan Chase & Co. are developing a new platform for the $4 trillion syndicated loan market that would let lenders access data across their portfolio all in one place. Currently, lenders receive a hodgepodge of updates on each individual loan — interest payment notices and requests for amendments, for example. It’s a headache for investors who often have to manually update that data into their

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