Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted borrowers in an administrative forbearance during which they are not required to make payments.
Months after the collapse of regional banks like Signature Bank, First Republic Bank and Silicon Valley Bank, as well as fears of a credit crisis, the regional banking sector may not be out of the woods quite yet.
New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing a home costlier and pushing people out of the market.
Shares in Deutsche Bank surged nearly 7% Wednesday after it said strong earnings meant it could pay out more cash to shareholders over the next two years than previously anticipated.
Global demand for oil, natural gas and coal and the carbon pollution they generate are expected to peak later this decade, according to a new report by the International Energy Agency.