Author: Press Room

Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country’s total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data. These debts are overwhelming for many borrowers. Nearly 94% of respondents to a Credit and Debt survey expressed significant worry about their ability to repay their student loans. An additional 65% said their monthly payments are already unaffordable.It’s not for lack of trying either. Many borrowers want to pay off their debt, the survey found. About 92% of survey respondents said…

ARK Invest’s chief futurist lists five groups that should give tech investors an edge.According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time.”We believe that this is a unique time in technological economic history,” he told CNBC’s “ETF Edge” this week.Winton collaborates with ARK Invest CEO Cathie Wood to maintain the ARK Venture Fund (ARKVX), which allows investors to buy into the private technology space.According to the firm’s website, the goal of the fund is to make venture capital offerings of innovative spaces…

There are plenty of factors to consider when booking long-range travel plans. One of the biggest: which airline will fly you to your destination.While many airlines will take you where you want to go, the travel experience can vary widely when it comes to factors such as boarding processes, amenities and baggage allowances.WalletHub recently released a ranking of the best airlines in the U.S. The site compared the nine biggest domestic airlines, plus one regional carrier, across 13 metrics in three major categories:Baggage and departuresIn-flight comfort and costSafetyThe airlines were scored on metrics including how many mishandled baggage reports they…

One of the core demands over the past week by the pro-Palestinian student groups at Columbia University has been for the school to withdraw investment funds from what they describe as companies profiting from Israel’s military action in Gaza. Columbia’s endowment is worth $13.6 billion and is managed by a university-owned investment firm. The request from Columbia University Apartheid Divest — a coalition of student groups behind the movement — includes, among other steps, divesting endowment funds from several weapons manufacturers and tech companies that do business with Israel’s government. The group has described those companies as profiting “from Israeli apartheid,…

Ethereum Blockchain got its own new Bitcoin flying under the radar, kind of.  Publications like  CryptoNews, BitcoinInsider, and CryptoPotato have all mentioned the token; but just as the initial coin offering for BTC in 2011,  the new store-of-value asset has a token presale that’s drawn uncertainty from investors. However, now at 65% sold out, perhaps it’s time for crypto traders to pay attention to Mollars token presale, before the last 35% is gone.Mollars Has No Reason To Scam, Here’s Why It Will Launch Next MonthAnytime a new token comes along, doubt is a natural part of the consumer review.  However,there…

A technical glitch let customers of an Ethiopian bank take out or transfer more money they had in their accounts.Long queues formed at ATMs as news spread in the early hours of Saturday morning that unlimited withdrawals could be made from the Commercial Bank of Ethiopia (CBE), the reports said.Several hours went by before the bank halted transactions and police cleared crowds around ATMs, BBC News reported, citing a local student.Much of the cash was taken by university students, the bank’s president Abie Sano said at a press conference on Monday, the outlet reported. Universities have encouraged students to return…

Saudi Arabia’s futuristic and highly ambitious Neom megacity has been billed by officials as a place where people can “dream big.”First announced in 2017, Neom is being constructed in Tabuk, located on the northern tip of the Red Sea.In February, the Kingdom released a promotional video sharing updates on Neom’s progress. The video claimed the project was “progressing rapidly,” adding that “millions of cubic meters of earth and water” were being moved each week.Denis Hickey, the chief development officer for The Line, said: “We’ve done a lot of the foundation work literally and figuratively. We are ready to go. I…

Eldorado Gold Corporation (NYSE:EGO) Q1 2024 Earnings Conference Call April 26, 2024 11:30 AM ET Company Participants Lynette Gould – Vice President of Investor RelationsGeorge Burns – President and Chief Executive OfficerPaul Ferneyhough – Executive Vice President and Chief Financial OfficerLouw Smith – Executive Vice President of Development, GreeceSimon Hille – Executive Vice President, Technical Services and Operations Conference Call Participants Cosmos Chiu – CIBC World MarketsMike Parkin – National BankKerry Smith – Haywood SecuritiesDelvin Xie – Scotiabank Operator Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold First Quarter 2024 Results Conference Call.…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The US is rushing more Patriot missiles to Ukraine and will spend $6bn to build up domestic weapons manufacturing to support Kyiv, as the Joe Biden administration begins parcelling out funds unlocked by Congress this week.Lloyd Austin, the defence secretary, and CQ Brown, chairman of the joint chiefs of staff, on Friday said the $6bn would procure military aid from US defence companies, which means it will take longer to reach Ukraine but should shore up its defences over a longer…

President Joe Biden went on “The Howard Stern Show” on Friday and repeated his familiar story about the time he supposedly “got arrested” trying to defend the civil rights of Black Americans. As in the past, Biden told the story on Friday while recounting what his mother supposedly said while urging him to accept Barack Obama’s 2008 offer to be his running mate. His mom, he said, did not want him to turn down a man who was vying to become the first Black president. Biden told Stern: “She said, ‘Joey, let me — remember’ — true story, she said — ‘Remember when…