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The Education Department said student-loan company MOHELA failed to process borrower applications for income-driven repayment plans. AdvertisementThe Education Department notified student-loan company MOHELA on Tuesday that it would be facing penalties for failing to perform the servicing obligations required in its contract. According to a document from the Education Department reviewed by Business Insider, MOHELA has failed to process over 460,000 applications for borrowers on income-driven repayment plans, preventing those borrowers from accessing more affordable monthly payments. "Federal Student Aid has determined, through its oversight of federal student loan servicers, that MOHELA has not consistently met the Department's standards for serving borrowers. In January, the department withheld pay from the remaining three major federal servicers over failure to deliver on-time billing statements to borrowers.
Persons: MOHELA, , Miguel Cardona, servicers, MOHELA's, Cardona, Sen, Elizabeth Warren, we've, Warren Organizations: Education Department, Service, Business, Department, Aid, Federal
5G and Open RAN are some networking technologies they highlighted. "5G networks will enable automated guided vehicles, port and airfield operations, and cutting-edge telemedicine such as remote access to specialists and rapid creation of field hospitals," Ramirez said. "So looking at this from the perspective of how do we actually manipulate these systems internally, we've gone 100% in on Open RAN as our solution. We have a perspective of how Open RAN is the basis for taking advantage of these technologies and pushing us into the 6G era." The Department of Defense is working with academic and industry leaders on Open RAN to bring its communications systems into a new era, he said.
Persons: , It's, Venice Goodwine, that's, Goodwine, Juan Ramirez, Ramirez, Tom Rondeau, Rondeau, we've Organizations: MWC Las Vegas, RAN, Service, MWC, Vegas, Radio Access, Department of, Air Force, Air, Department of Defense, Department Locations: Venice
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
My mom and I stayed at Rosewood's Kona Village resort on Hawaii's Big Island for $1,765 a night. Some highlights of our stay included our ocean-view room and access to a black-sand beach. The resort's spa treatments seemed overpriced and some meals were just OK, but our stay was great. On my most recent trip, I stayed at Kona Village. AdvertisementThis was absolutely a splurge: We paid $1,765 per night, which included credits for breakfast each day and tax.
Persons: , it's, We've, I'm Organizations: Service Locations: Kona, Hawaii, , Maui, Lanai, Rosewood
Learn moreIt may be a spinoff of a spinoff, but Georgie and Mandy's First Marriage has become one of the most highly-anticipated fall network TV premieres. Below, we've compiled everything you need to know about how to watch Georgie and Mandy's First Marriage, including a free streaming option. How to watch Georgie and Mandy's First Marriage in the USGeorgie and Mandy's First Marriage will air on Tuesdays at 8 p.m. Cord-cutters can live stream the show (and the network) through a couple of different avenues. Check price at DirecTVHow to watch Georgie and Mandy's First Marriage in CanadaNew episodes of Georgie and Mandy's First Marriage will be available through CTV in Canada.
Persons: Georgie, Young Sheldon, Georgie Cooper, Montana Jordan, Emily Osment, Chuck Lorre, Steven Molaro, Steve Holland, Mandy, ExpressVPN Organizations: Business, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, DirecTV, DirecTV Stream, CTV, cybersecurity Locations: Canada
Amazon is looking for ways to market itself outside the traditional TV spot under exec Amy Powell. She also teased a new show with "Recess Therapy" creator Julian Shapiro-Barnum. AdvertisementOn Monday, Amazon is set to announce "Celebrity Substitute," a new show with Julian Shapiro-Barnum, the 25-year-old comedian and actor of the online hit "Recess Therapy." "It involves Julian, how Amazon gives back to the community, schools, teachers," Amy Powell, head of entertainment marketing at Amazon, said recently when describing the concept. The upcoming show is one of many ways Powell is working to integrate Amazon's brand into entertainment, drawing on her Hollywood background.
Persons: Amy Powell, Powell, Julian Shapiro, , Barnum, Shapiro, they'll, Julian, we've, Jack Ryan, Nick Cannon, Powell wasn't, it's, What's Organizations: Paramount, Barnum, Service, Amazon, Paramount Television, Procter & Gamble, Marriott, Google, Walmart Locations: New York
Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.
Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S
We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.
Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland
Keep reading to learn everything you need to know about how to watch the Dodgers vs. Mets. How to watch the Dodgers vs. Mets in the USGame 3 of the Dodgers vs. Mets match-up will air on Fox Sports 1 (FS1). Cord-cutters can live stream the game through a month-to-month package like Sling TV, DirecTV Stream, or Fubo. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Check price at ExpressVPNHow to watch the Dodgers vs. Mets with a VPNSign up for a VPN if you don't have one.
Persons: It's, Fubo, FS1, ExpressVPN Organizations: Business, New York Mets, National League, Los Angeles Dodgers, Dodgers, Mets, MLB, League, American League, Fox Sports, DirecTV, NFL Network, DirecTV Stream, FOX, Baseball Locations: USA
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, , Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City
With an Oscar nomination under his belt and the hotly anticipated Ridley Scott epic "Gladiator II" on the horizon, Paul Mescal's career couldn't be going better. Mescal, who had just graduated drama school, was interested in serious dramatic projects. "That paid for my rent for five months, so I'll hear no Denny's slander," he told GQ. "If I ever feel like I get too big for my boots, it kind of pops up somewhere that we shouldn't forget that I was promoting sausages when I got out of drama school," he said. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024.
Persons: Ridley Scott, Paul Mescal's, couldn't, Mescal, Denny, we've, let's Organizations: Hollywood, BBC, CNBC Locations: Irish
Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.
Persons: APYs, , Cash, we've Organizations: Federal Reserve, Cash Locations:
The S & P 500 continues to make new highs, and volatility continues to decline. First, the S & P 500 has logged just two absolute 1% moves since Sept. 19, which is nearly a month's worth of trading. In fact, 114 S & P 500 stocks made new 52-week highs on Tuesday, which was the first time we've had over 100 since 7/16/24. With the day's opening and close both being higher and lower than the prior session's, this created a bearish engulfing pattern. The bottom line is that the S & P 500 and dozens of its holdings have built up substantial cushions by strongly coming back from the August lows.
Persons: we've Organizations: CNBC, NBC UNIVERSAL
CNBC's Jim Cramer on Wednesday said charts indicate that the bull market can roar higher if the tech sector continues to perform, especially the stock of Nvidia , a leader on the indexes. "The charts, as interpreted by Jessica Inskip, are looking pretty darn good for the S&P and the Nasdaq-100, and of course, yes, Nvidia," he said. "We've got a much broader bull market than we had six months ago, but if it's going to keep running, Inskip says we need to see some meaningful participation from tech." While tech may not have to "lead the way anymore," it still has to "at least follow the leaders," Cramer said. To explain analysis from Inskip, Cramer examined charts of both Nvidia's and the Nasdaq 100 's weekly performance since last fall.
Persons: CNBC's Jim Cramer, Jessica Inskip, We've, Inskip, Cramer Organizations: Nvidia, Nasdaq
The consumer continues to look healthy and the supply chain has regained stability as the holiday shopping season begins. "Across the board, we are seeing volumes very similar to what we've seen in past years, especially last year," said Kelleher. Amazon recently announced its plan to hire 250,000 additional workers for the holiday season, the same seasonal hiring level as last year. "This will achieve some cost efficiencies in getting that volume out because of inflation and cost," he said. "So typically, Cyber Monday is a heavy volume day," Kelleher said.
Persons: Patrick Kelleher, we've, Kelleher, " Kelleher Organizations: DHL Supply, North, CNBC, Freight, National Retail Federation Locations: North America
Since our housing costs are basically zero, we love this lifestyle and have no plans to stop. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousesitting also lets us travel while working remotely, allowing us to find a home on the road and save money on housing. I got an in-office job, rented a house, and started looking at visa options for my husband to stay. Many people don't understand how we live and were perplexed when we gave up a more stable choice for life on the road.
Persons: , I've, Housesitting, It's, We've, COVID Organizations: Service, Facebook, Sheffield Locations: South Korea, Poland, England, France, Swiss
Defector, which relies on subscription revenue, was a hit out of the gate. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Defector's revenue is now up to $4.6 million a year, and it's still profitable. Defector thinks it can combat this with gift links that paying subscribers can pass along to their friends.
Persons: Deadspin, , Tom Ley, Meredith DotDash, Jasper Wang, That's Organizations: Service, Media, Twitter, Google, Facebook
The Dior and Louis Vuitton parent pointed to weak consumer demand in China. Wall Street analysts say recent stimulus measures likely won't be enough for spending in China to rebound. The company pointed to overwhelmingly weak demand in China, with organic sales in Asia (excluding Japan) falling 16%. The company gave vague forward guidance, and analysts on Wall Street say the country's recent stimulus won't be enough to reverse the weak demand. China's latest stimulus package, unveiled late last month, has aimed to prop up the country's weak consumer demand and struggling property sector.
Persons: LVMH, Hermes, Dior, Louis Vuitton, , Christian Dior, Jean, Jacques Guiony, Guiony, We've Organizations: L'Oreal, Wall Street, Service, Wall, Citigroup Inc Locations: China, Asia, Japan
Jorge Argota, 35, runs his own digital marketing agency in Miami and made about $120,000 last year. For me, renting an apartment in Miami is more affordable than buying a nice house with a $3,000 or $4,000 mortgage. Argota and his brother pay $2,300 a month for a two-bedroom in this Miami apartment complex. I've also had many friends who have had to move further north in Florida because it's impossible for them to pay rent or buy a home in Miami. So, if I can't buy a house in Miami, I might consider moving to another state.
Persons: Jorge Argota, Argota, , Zillow, We've, Jorge Argota Little, dominos, I've Organizations: Service, Miami Locations: Miami, Florida, COVID, New York , California, Texas, Little Havana, Jorge Argota Little Havana, Cuban
AdvertisementAustralia plans to send Ukraine a large batch of M1A1 Abrams tanks, officials confirmed on Wednesday, in a move that will more than double the size of Kyiv's existing inventory. The planned transfer will significantly expand Ukraine's arsenal of Western-provided armored vehicles and help replace the Abrams lost in combat. An Australian M1A1 Abrams Main Battle Tank during a training exercise in August 2021. Related storiesVasyl Myroshnychenko, the Ukrainian ambassador to Australia, said that the Abrams tanks will be an "essential part" of Kyiv's land defenses. Since the Abrams are American-made tanks, Australia had to get the US to sign off on the transfer.
Persons: Abrams, , Pat Conroy, Cpl, Sarah E, Conroy, Vasyl Myroshnychenko, we've, Myroshnychenko Organizations: Abrams, US, Ukraine, Service, Australia's Defense Industry, Bradley, Australian M1A1 Abrams, US Marine Corps, Ukrainian Armed Forces, Australian Broadcasting Corporation, NATO Defense, ABC, Canberra Locations: Australia, Ukraine, Canberra, Kyiv, Russia, London, Ukrainian
My husband and I loved living in a two-bedroom, two-bathroom condo near Washington, DC. But the convenience of condo life came with some challenges, especially once we retired and became grandparents. It also became an art studio once my husband retired and leaned into his oil-painting hobby. It has a huge kitchen that flows into a dining area and living room — a perfect space for large gatherings. During the first holiday dinner at our new house, the kids went down to the basement to play by themselves while the adults stayed upstairs and relaxed in our huge living space.
Persons: , downsize, I'd, Richard T Organizations: Service, Mount Locations: Washington , DC, Maryland, North Arlington , Virginia, Washington, Arlington, Montgomery County , Maryland, Mount Vernon Trail, Georgetown
The UAE has shown it can “guarantee the safety and the security” of chips “if and when they are being deployed and used here,” Peng Xiao, CEO of UAE AI firm G42, told CNBC at a conference in Dubai on Tuesday. “I cannot read the mind of the U.S. policymakers, but in many ways, I understand their position,” Xiao told CNBC. “At the same time from our side, we've shown from the UAE side how transparent we are and how we can guarantee the safety and the security of this technology,” he added. The United States has previously warned over G42's ties to China and its work with companies in Beijing, which Washington considers a possible security threat. In February, the group sold its stake in Chinese companies including Bytedance in a bid to reassure American partners.
Persons: ” Peng Xiao, Joe Biden, , ” Xiao, Kiril Evtimov, Evtimov Organizations: United, United Arab Emirates ’, CNBC, Nvidia, AMD, Bloomberg, , Washington, Bytedance Locations: United Arab, U.S, Washington, UAE, Dubai, China, United States, Beijing
We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're
Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."
Persons: Stanley Druckenmiller, I've, , Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC
We've put together everything you need to know about how to watch India vs. New Zealand, with a focus on affordable live streaming options. ET / 5 a.m. BST / 12 p.m. AWSTHow to watch Pakistan vs. England in the USThe Pakistan vs. England test matches will be available to watch through Willow in the US. You can also get it as a part of a month-to-month live TV package, including Sling TV. Sling also occasionally offers free cricket live streams (including coverage of the ongoing ICC Women's T20 World Cup), although you'll need to subscribe for the India vs. New Zealand test series. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.
Persons: We've, we've, Sling's Desi, ExpressVPN Organizations: Business, New Zealand, Chinnaswamy, team, ICC, South, Sri, Sling, England Locations: India, New, Bengaluru's, Zealand, Pakistan, South Africa . New Zealand, Sri Lanka, New Zealand, England
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