Monday, December 23

Tag: Government Finance

How to Navigate the New Fafsa Form for College Aid
1Dec By adminNo Comments
Money

How to Navigate the New Fafsa Form for College Aid

Updated Dec. 1, 2023 10:08 am ETApplying for college financial aid will be more confusing this year for many parents and students, who will also have to fill out the forms on a much tighter deadline.Changes were made to the Free Application for Federal Student Aid, or Fafsa, this year as the result of a 2020 law. A new form was designed to be shorter and simpler to fill out, but it won’t be available for families to complete until Dec. 31, nearly three months later than normal. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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S&P 500 Edges Higher, Building on November Gains
29Nov By adminNo Comments
Money

S&P 500 Edges Higher, Building on November Gains

The S&P 500 edged higher Tuesday, lifted by rising tech stocks and consumer-focused shares.The broad U.S. stock index is on pace to end November with its best monthly performance since July 2022, boosted by a decline in bond yields. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The World’s Largest Buyer of U.S. Debt Isn’t Going Away
27Nov By adminNo Comments
Money

The World’s Largest Buyer of U.S. Debt Isn’t Going Away

Could the largest foreign buyer of American debt suddenly stop buying? Here is a comforting thought: This problem is probably already behind us.At a time when government issuance is massively expanding and firms face a 2025 refinancing cliff, overseas investors have gone from holding 43% of U.S. debt a decade ago to holding just 30%. Adding to the worries, the Bank of Japan might start raising interest rates next year, giving some Japanese owners a reason to repatriate their money.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The World’s Largest Buyer of U.S. Debt Isn’t Going Away
27Nov By adminNo Comments
World

The World’s Largest Buyer of U.S. Debt Isn’t Going Away

Could the largest foreign buyer of American debt suddenly stop buying? Here is a comforting thought: This problem is probably already behind us.At a time when government issuance is massively expanding and firms face a 2025 refinancing cliff, overseas investors have gone from holding 43% of U.S. debt a decade ago to holding just 30%. Adding to the worries, the Bank of Japan might start raising interest rates next year, giving some Japanese owners a reason to repatriate their money.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The British Tories’ Desperation Budget
22Nov By adminNo Comments
Business

The British Tories’ Desperation Budget

United Kingdom Chancellor Jeremy Hunt on Wednesday unveiled a new budget, and what do you know. He and Prime Minister Rishi Sunak have finally realized they need faster economic growth. But it’s probably far too little and way too late.This week’s Autumn Statement marks the last opportunity Messrs. Sunak and Hunt are likely to have to impress voters before an election expected next year. The Tories are down by double digits in the polls against the Labour Party in large part because voters are sour on the economy. Inflation peaked at 11.1% in October 2022 and only recently fell below 5%. Wage growth is far from catching up to the new price level, and growth remains soft.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Basic Materials Roundup: Market Talk
22Nov By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Nov. 22, 2023 4:55 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1006 ET – The U.K. risks falling behind the EU and exposing itself to high-emission steel exports by failing to confirm a carbon border policy in its latest budget statement, industry chiefs say. While the EU is implementing its own so-called carbon border adjustment mechanism by 2026, the absence of a similar move by the U.K. could mean high-emission steel currently exported to the EU will be diverted to the U.K., industry trade body UK Steel says. “It’s disappointing that the Chancellor didn’t use his Autumn Statement to announce a U.K. CBAM and a timetable to implement it by 2026,” UK Steel Director General, Gareth Stace, write...
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U.K. Budget Deficit Will Be Smaller Than Previously Expected, Treasury Chief Says
22Nov By adminNo Comments
World

U.K. Budget Deficit Will Be Smaller Than Previously Expected, Treasury Chief Says

Updated Nov. 22, 2023 9:06 am ETThe U.K. economy will grow much more slowly over the coming two years than previously forecast, although the government’s budget deficits will be slightly smaller than anticipated, Treasury Chief Jeremy Hunt told lawmakers Wednesday.The independent Office for Budget Responsibility expects the U.K. economy to grow by 0.6% this year, having previously forecast a contraction of 0.2%. But it lowered its growth estimate for next year to 0.7% from 1.8% previously, and its forecast for 2025 to 1.4% from 2.5%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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