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In this Southern California town, residents are grappling with the fear that their way of life may be fleeting. Fishermen cast their lines from the long, wooden pier. “Every day here feels like the most perfect summer day,” Mercedes Murray, 38, said as she lounged at Buccaneer Beach, a spot popular among locals. Where residents once played beach volleyball at Buccaneer, there are now berms of natural cobblestones that clatter around in the surf like pennies in a washing machine. Visitors who could once sprawl on wide stretches of sand near the pier must now compete for space on a narrow stretch studded with rocks.

Persons: ” Mercedes Murray Organizations: Fishermen, Buccaneer Locations: Southern California, Oceanside, San Diego, Buccaneer

☆ A former Obama aide who advised Succession writers on their chaotic presidential election outcome hopes 'that ultimately, life does not imitate art'
▼ + stars: | 2023-08-29 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Schultz wrote about how he helped craft the show's fictional presidential election. A former Obama White House aide who worked with writers on crafting the chaotic end to the show's fictional presidential election expressed hope that the brief chapter in the Roys' saga doesn't become real life. "With Succession, I can only hope we didn't predict the future and that, ultimately, life does not imitate art." Roman Roy, played by Kieran Culkin, teases his sister Shiv by saying "False Flag" repeatedly when she raises the possibility of a pro-Mencken plot. AdvertisementAdvertisement"So much for my political expertise," Schultz wrote of how he dismissed concerns about arson in actual political circles.

Persons: Eric Schultz, Schultz, doesn't, fixating, Eric Shultz, Jeryd Mencken, Kendall, Roman Roy, Jesse Armstrong, Armstrong, Darwin Perry, Adam Godley, Kieran Culkin, Shiv, Mencken, Politico's Zach Montellaro, Donald Trump, Mike Pence Organizations: HBO's, Service, Obama White House, White, Hollywood, HBO, Republican, ATN, Democratic, Electoral College Locations: Wall, Silicon, Milwaukee

In Louisville, Ky., an influx of Cuban immigrants is offsetting a local population decline and bringing new rhythms to the city. Aug. 26, 2023At the first beats of “La Vida es un Carnaval” on a recent morning, several octogenarians in a senior center abandoned their dominoes, coloring books and crossword puzzles, and showed off their salsa moves. “Uno, dos, tres,” said their instructor, Selen Wilson Guerra, as she warmed them up for class. This was not Havana, or even Little Havana in Miami. It was Louisville, a city best known for bourbon, the Kentucky Derby and Muhammad Ali.

Persons: “, clapped, “ Uno, ”, Selen Wilson Guerra, Muhammad Ali Organizations: Kentucky Derby Locations: Louisville, Ky, Cuban, Havana, Miami, United States

Invesco, a minor shareholder in Swiggy, in May valued the Indian company at around $5.5 billion, it said in a filing. Swiggy had initially considered raising $800 million to $1 billion via the IPO, banking sources who worked on it in early 2022 have said. Swiggy, JP Morgan and Morgan Stanley did not respond to requests for comment, while Bank of America declined to comment. The three sources said Swiggy is aiming to list between July-September 2024 which would be after national elections in India due by May. Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses.

Persons: Niharika Kulkarni, Swiggy, Morgan Stanley, JP Morgan, Zomato's, Sriram, Aditya Kalra, Jane Merriman Organizations: Bombay Stock Exchange, REUTERS, Bank of America, Thomson Locations: Mumbai, India, MUMBAI, Swiggy

☆ Sigma Lithium, eyeing buyout, sues ex-CEO and daughter-in-law over trade secrets
▼ + stars: | 2023-08-22 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, Aug 22 (Reuters) - Sigma Lithium (SGML.V), , which produces metal used in electric vehicle batteries, has sued a former co-chief executive officer, accusing him of stealing trade secrets to undermine the company's effort to sell itself. The lawsuit said Cabral-Gardner and Gardner lead a fund, A10 Investimentos, with a 44% stake in the company, with Cabral-Gardner owning 76% of the fund and Gardner owning 24%. In a July 28 interview, Cabral-Gardner said Sigma has been looking to strengthen its "unique environmentally competitive position" in the global supply chain. The case is Sigma Lithium Corp v Gardner et al, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel in New York; Additional reporting by Tatiana Bautzer; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Calvyn Gardner, Sigma's, Ana Cabral, Gardner, Luisa Valim, Gardner's, Valim, Cabral, Sigma, misappropriated, Jonathan Stempel, Tatiana Bautzer, Jonathan Oatis Organizations: Sigma, Bank of America, Sigma Lithium Corp, Court, Southern District of, Thomson Locations: Manhattan, Vancouver , British Columbia, Brazil, U.S, Southern District, Southern District of New York, New York

☆ House GOP subpoenas Citibank over Jan. 6th 'back-channel' cooperation with the FBI
▼ + stars: | 2023-08-18 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

In a Thursday letter to Citibank, Jordan said Citi declined to voluntarily provide information to lawmakers and its lawyers indicated they would only comply with a subpoena. Lawmakers had requested information from seven banks: PNC, Citibank, Bank of America, Wells Fargo, JPMorgan, Truist and US Bank. Among those seven banks, Citibank was the only one that hadn’t voluntarily complied with the request, a person familiar with the matter told CNN. The subpoena compels Citibank to produce requested documents sought by the House Judiciary Committee and Select Subcommittee on the Weaponization of the Federal Government, according to Jordan. “Federal law enforcement’s use of back-channel discussions with financial institutions as a method to investigate and obtain private financial data of Americans is alarming,” Jordan wrote.

Persons: Jim Jordan, Jordan, Lawmakers, hadn’t, “, ” Jordan, Christopher Wray, Wray, that’s, ”, Donald Trump, Annie Grayer Organizations: New, New York CNN —, Citibank, FBI, Citi, PNC, Bank of America, JPMorgan, US Bank, CNN, House, Federal Government, Republican, CNBC . House Republicans, Capitol Locations: New York, Wells Fargo, Jordan, Ohio, Washington ,, Sentinel, “

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

☆ Cash-rich stocks to buy: Bank of America details how 7 small and mid-sized companies are increasingly rewarding their shareholders right now
▼ + stars: | 2023-08-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

Small and mid-cap stocks are providing cash-flow opportunities, according to Bank of America. If you're looking for cash in the form of buybacks and dividends, small and mid-cap stocks may be a good bet, according to a Bank of America note from August 14. Earlier this year, the bank warned investors to remain discerning when it comes to buying in small-cap stocks. When an economy is on the mend, small-cap value stocks tend to rally ahead, leading the recovery by outperforming their larger counterparts over multiple years, according to David Wagner, portfolio manager for the SmallCap Value Fund at T. Rowe Price (PRSVX). Earlier in August, Bank of America held a virtual conference with executives from 20 small and mid-cap companies.

Persons: David Wagner, Rowe Price, Jill Carey Hall Organizations: Bank of America, Bank, America

Sophie Ralph/APLinda Caicedo signed for Real Madrid earlier this year and was already highly regarded before the Women's World Cup got underway. Caicedo scored twice and inspired Colombia to two victories in the group stage, including a famous win against two-time world champion Germany. It was a magical passage of play that underlined her potential to become one of the finest players in the women’s game. Born in Candelaria in the west of Colombia, Caicedo attributes her exciting, slightly unorthodox style to playing street soccer as a child. A key player for Colombia at this year's World Cup, Caicedo will be looking to be at her mesmerizing best against Jamaica to secure a spot in the quarterfinals.

Persons: Colombia's Linda Caicedo, Sophie Ralph, Linda Caicedo, Caicedo Organizations: Leichhardt Oval, Germany, Real Madrid, Colombian, América, América de Cali Locations: Sydney, Australia, Colombia, Germany, Candelaria, América de, Jamaica

☆ Women's World Cup Scores and News
▼ + stars: | 2023-08-08 | by ( Rory Smith | ) www.nytimes.com time to read: +6 min

Her Colombia teammates followed in her wake, eating up the ground in the rush to close the distance, to catch her to celebrate the goal that would soon take the country past Jamaica and into the first Women’s World Cup quarterfinal in Colombia’s history. Caicedo’s emergence at this World Cup has not exactly been a surprise. She has long been earmarked as the next big thing: for Colombia, for South America, and increasingly for women’s soccer as a whole. She played in the under-17 World Cup — Colombia finished second — and the under-20 World Cup, reaching the quarterfinals, almost contiguously. This tournament is, in effect, her third World Cup in a year.

Persons: Catalina Usme, Linda Caicedo, Usme, Ana María, Caicedo, —, Hamish Blair, Megan Rapinoe, Christine Sinclair, Alex Morgan, Marta, bookmarked, Italian Giulia Dragoni, Hinata Miyazawa, Sophia Smith, Naomi Girma, Trinity Rodman, Melchie Dumornay, England’s, — Lauren James, Mary Fowler, Sam Kerr, ” Organizations: Copa Libertadores, Copa América, Colombia, Bayern Munich, Chelsea, Real Madrid, world’s, —, Germany, Associated, United, South, England Locations: Colombia, Jamaica, South America, América de Cali, Barcelona, Europe, Real, Madrid, Spain, United States, Nigeria, Germany, Morocco, Australia, New Zealand, Italian, South Korea, Sydney

☆ Airbnb forecasts Q3 revenue above estimates on rebound in international travel
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Airbnb (ABNB.O) forecast revenue for the current quarter above market estimates on Thursday, as the vacation rental firm is set to gain from a rebound in international travel. The San Francisco-based company forecast revenue for the third quarter between $3.3 billion and $3.4 billion, ahead of analysts' average estimate of $3.22 billion, as per Refinitiv data. Travel operators have begun to benefit from a robust rebound in international travel, aided by pandemic restrictions easing and a strong U.S. dollar that has encouraged consumers to book flights and stays overseas. Gross bookings rose 13% to $19.1 billion, in line with analysts' average estimate. Airbnb's quarterly revenue rose 18.1%, to $2.48 billion, ahead of analysts' estimate of $2.42 billion.

Persons: Dado Ruvic, Airbnb, Gross, Priyamvada, Pooja Desai Organizations: REUTERS, Asia Pacific, Marriott, Hilton Worldwide Holdings, Spirit Airlines, Thomson Locations: San Francisco, United States, North America, Paris, France, Bengaluru

☆ Linda Caicedo: Colombia star, 18, introduces herself as one of the best young players in the world
▼ + stars: | 2023-08-02 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —World Cup tournaments tend to be defined by an emerging star and, this year, it’s Colombia’s 18-year-old sensation Linda Caicedo who is shining brightest. It was in that game, early in the second half, that she produced one of the moments of the World Cup so far. “I wanted to shoot and thank God the ball went in,” Caicedo told FIFA after the game. “I’m still developing,” Caicedo told FIFA+ before the World Cup began. Now, sparing an unlikely swing of goal difference, Colombia will qualify for the last 16 of the World Cup.

Persons: it’s, Linda Caicedo, Caicedo, “, ” Caicedo, Nelson Abadia, James Chance, ”, Linda, she’s, Leicy Santos, ” Lofty Organizations: CNN, Real Madrid, FIFA, Germany, Colombian, America de Cali, Copa, ”, South, Morocco, FIFA Sunday Locations: Australia, New Zealand, Germany, Colombia, Candelaria, Brazil, Colombian, South Korea, “ Colombia

☆ Exclusive: Sigma Lithium CEO says in talks with potential buyers
▼ + stars: | 2023-07-28 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Bank of America has been Sigma's bank on retainer for some time and has been holding meetings for at least four months with parties that approach with interest in acquiring the lithium miner, Sigma CEO Ana Cabral-Gardner said in an interview. Cabral-Gardner said that while Bank of America is coordinating meetings with parties that approach Sigma, Sigma has not yet picked a bank to advise on any potential transaction. "We need to find someone to marry, and when we find someone to marry, then we choose a priest," Cabral-Gardner said, making an analogy between an M&A banker and a priest. Cabral-Gardner added that Sigma does not plan to sell the Brazilian mine separately from the company itself. Sigma has projected the mine will reach annual free cash flow of $455 million for its first phase of production.

Persons: Ana Cabral, Gardner, Cabral, " Cabral, Ernest Scheyder, Cynthia Osterman Organizations: Sigma, Bank of America, Reuters, LG Energy, Bloomberg News, Tesla Inc, Vancouver, Nasdaq, Thomson Locations: Brazil, Sigma's

☆ Analysts bail on Southwest Airlines after its disappointing quarterly earnings
▼ + stars: | 2023-07-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The analyst lowered his price target to $38 from $52, still implying 15% upside from Thursday's close. Raymond James also downgraded Southwest shares to outperform from strong buy, calling it a "Texas-size heartache." The firm reduced its price target to $40 from $47, implying a 21.1% rally. Bank of America decreased its price target on shares to $35 from $45, which implies just 6% upside from where shares ended Thursday. Southwest shares shed 0.6% Friday before the bell, following an almost 9% tumble during the previous trading session.

Persons: Michael Linenberg, Linenberg, Raymond James, Savanthi Syth, Syth, Andrew Didora, Didora, — CNBC's Michael Bloom Organizations: Southwest Airlines, Deutsche Bank, Deutsche, Southwest, Bank of America Locations: Alaska, American, United, Southwest, Texas

☆ The remarkable story of the world's first atomic bomb and how Oppenheimer reacted to the historic moment
▼ + stars: | 2023-07-25 | by ( Amanda Macias | Joshua Zitser | ) www.businessinsider.com time to read: +4 min

The world's first atomic bomb was detonated in the New Mexico desert on July 16, 1945. But in a later interview about the decision to drop the bomb, Oppenheimer said that at the moment of the explosion he thought of a line from the Hindu scripture Bhagavad-Gita, "Now I am become Death, the destroyer of worlds." Norris Bradbury stands next to the partially assembled Gadget atop the test tower. WikipediaLess than a month later, on August 6, 1945, the US dropped a five-ton atomic bomb on the Japanese city of Hiroshima. Oppenheimer later told the American Philosophical Society: "We have made a thing, a most terrible weapon, that has altered abruptly and profoundly the nature of the world."

Persons: Oppenheimer, Albert Einstein, Leslie Groves, J, Robert Oppenheimer, Christopher Nolan's, Oppenheimer's, John Donne, Einstein, Gadget, Amanda Macias, Norris Bradbury Organizations: Manhattan, Service, Department of Energy, YouTube, US, Japan's, Getty, American Philosophical Locations: New Mexico, Wall, Silicon, —, Alamogordo , New Mexico, American, Germany, America, Hiroshima, Japan's Nagasaki, Japan, New York

North America revenue for the current quarter will be slightly down, Chief Executive Olivier Le Peuch said in a post-earnings conference call with analysts, saying activity in the region was moderating. However, the company expects third quarter revenue from international markets to grow by a mid-single digit percentage, citing a resurgence in offshore and Middle East drilling. In comparison, last quarter's international revenue rose 21% to $6.3 billion and North America's climbed 14% to $1.75 billion. Analysts at Tudor Pickering Holt noted that international revenue missed its estimate by $1 billion, while North America slightly topped its forecast. Revenue of $8.1 billion fell slightly below analysts' estimate of $8.2 billion.

Persons: Baker Hughes, Olivier Le Peuch, America's, Tudor Pickering Holt, Peter McNally, Arathy Somasekhar, Arunima Kumar, Sriraj Kalluvila, David Holmes, Nick Zieminski Organizations: Schlumberger, Halliburton, North America, Thomson Locations: HOUSTON, America, North America, Tudor, Houston, Bengaluru

WHY WE’RE HEREWe’re exploring how America defines itself, one place at a time. A cricket complex outside Houston hosts youth and professional players alike, reflecting the sport’s growing popularity in a changing city. July 15, 2023Drive northwest out of Houston, and as cow pastures wrestle back the flat expanse from the city’s tentacled sprawl, there arise along the road, suddenly, improbably, many, many cricket fields. Head south to find a small cricket stadium nestled in the suburbs, or west to find fields sprouting in county parks. The game of cricket — a bat-ball-and-wicket contest of patience and athleticism that was born in Britain and is barely understood by most Americans — has surprisingly taken hold in the land of Friday night football.

Persons: — Organizations: Houston, Dallas, Lone Locations: Houston, Britain, South, Lone Star

☆ A top AI expert says the technology is still in its very early phase: 'We're only at the iPhone 2G, 3G point.'
▼ + stars: | 2023-07-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Emad Mostaque, the CEO of Stability AI, thinks the tech will truly take off next year. Think again: the AI hype cycle is just getting started — at least in the view of one top expert. But that's going to be far, far greater if Mostaque is right: he estimates 50% of all CEOs will make mention of AI by next year. But once that realization of AI at an enterprise level happens, it won't just help companies put the technology to good use. "You just need to have the right models in the right way to enable these outcomes that increase productivity," he said.

Persons: Mostaque, ChatGPT, Emad Mostaque, We're, he's, Michael Briest, Bard Organizations: UBS Locations: America, Silicon Valley

☆ 6 DEI leaders just left senior roles in Hollywood and media—it’s part of a larger problem: ‘It’s absolutely alarming’
▼ + stars: | 2023-07-12 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +7 min

"DEI leaders are facing extreme fatigue and burnout," says Chandra Robinson, vice president in the Gartner HR practice. "Unfortunately," she says, "with so much attention paid to DEI, undue pressures are put on DEI leaders to make progress" quickly. Half of DEI leaders say their biggest challenge is when other leaders fail to take ownership for driving diversity outcomes, and one-third say they have limited power to effectively drive change, according to a 2022 Gartner survey of 181 DEI leaders. Black women are more likely than women overall to aspire to executive roles, according to the joint Lean In and McKinsey "Women in the Workplace" report. But they also face more barriers to advance in their career: Black women leaders are more likely to be undermined at work, and 1 in 3 Black women leaders says they've been denied or passed over for opportunities because of personal characteristics, including their race and gender.

Persons: Karen Horne, Vernā Myers, Netflix's, LaTondra Newton, Terra Potts, Joanna Abeyie, Myers, Abeyie, Rachel Thomas, aren't, Chandra Robinson, Robinson, George Floyd, It's, Russell Reynolds, Thomas, they're, they've, they'd, Kelly Evans Organizations: Hollywood, North, North America DEI, Warner Bros, Academy of Motion Pictures Arts and Sciences, America, DEI, Gartner, Lean, McKinsey, Women Locations: North America, Corporate America

☆ Ukrainians Die as America Dawdles
▼ + stars: | 2023-07-09 | by ( Garry Kasparov | ) www.wsj.com time to read: 1 min

A woman holding a photo of Ukrainian author Victoria Amelina in Kyiv, Ukraine, July 4. Photo: Alex Chan Tsz Yuk/Zuma PressI will speak this week in Vilnius, Lithuania, on behalf of the antiwar Russian Action Committee. President Biden will attend the North Atlantic Treaty Organization summit there, along with dozens of other heads of state. My first message: Ukraine is the one nation worthy of NATO membership, because it is fighting the war the alliance was built for in 1949. My second message: While America delays, Ukrainians die.

Persons: Victoria Amelina, Alex Chan Tsz Yuk, Biden Organizations: Zuma Press, Russian, Atlantic, Organization, NATO Locations: Kyiv, Ukraine, Vilnius, Lithuania, America

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In South Florida, mango lovers turn to fruit to build a sense of community during the grueling summer. July 8, 2023The air gets thick with humidity as summer arrives in South Florida. Then, something magical happens: The mango trees bear fruit. In good years, they produce so much that strangers give away mangoes on their lawns.

Persons: Zak Stern, Zak the Baker Locations: South Florida, Miami’s Wynwood

☆ Opinion | Wonking Out: De-Dollarization Debunked
▼ + stars: | 2023-07-07 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Most of us rarely engage in barter; we sell stuff for dollars, then use those dollars to buy other stuff. Similarly, a large share of international transactions, especially in financial markets, involves payments in dollars rather than in local currencies. How much does this special role matter? I’ve tried elsewhere to debunk some of the myths about the centrality of dollar dominance to U.S. power. In general, one’s belief in the crucial importance of the dollar’s international role tends to be inversely proportional to how much you actually know about the subject.

Persons: moneys, I’ve, Elon Musk, “ weaponizing, Vladimir Putin Organizations: U.S, America, Federal Reserve Locations: America, Saudi

☆ The decision makers at 6 family offices reveal what it's really like behind the scenes at the private wealth management firms managing billions – and why they are so secretive
▼ + stars: | 2023-06-27 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

Family offices are the private wealth management firms managing the fortunes of wealthy families. But six people agreed to pull back the curtain on family offices to reveal their inner workings. Trust comes before everything elseThe world of family offices is built on relationships and trust before everything else. "Family offices really primarily are about wealth preservation," said Nisa Amoils, managing partner of A100x Ventures who also sits on the board of the Swig Family Office. "As much as it is a family business, it is also the business of family," said Swig.

Persons: Jahnavi Kumari Mewar, JKM, Oliver Swig, I've, Swig, We've, hasn't, Amoils, Consuelo Vanderbilt, SohoMuse, Vanderbilt, Maximilian Winter, Roy, Ben Bergman, bbergman Organizations: North, RBC, Campden, nouveau, Forbes Iconoclast Summit, A100x Ventures, Vanderbilt, Central American, Wimbledon, Harmonix, SOJA Ventures Locations: New York, Columbus, Central America, San Francisco

☆ In Branson, Missouri, a Two-Wheeled Fix for the Commuter Blues
▼ + stars: | 2023-06-17 | by ( Richard Fausset | Chase Castor | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In this Midwest tourist town, a housing crisis has led to creative transportation solutions. Eventually, she was evicted, her car was repossessed, and she found herself living at first in the woods, and later in one of the old motels around the city’s gaudy entertainment strip. By some estimates, close to 20 percent of the people living in Branson are homeless or staying in motels. They are workers and drifters, service industry strivers and worn-down honky-tonkers, some struggling with addiction, some raising children under trying circumstances.

Persons: Christie Schubert, Schubert Locations: Branson, Mo, America

☆ Student-loan borrowers will begin making payments in October — and they'll be notified 'well before' their first bill is due, Biden's Education Department says
▼ + stars: | 2023-06-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Student-loan borrowers will resume payments in October, the Education Department confirmed. Borrowers are awaiting a Supreme Court decision on Biden's broad debt relief in the coming weeks. Per the documents, the department was preparing to resume interest accrual on borrowers' student loans in September, and they would not be hit with a bill until October. A Supreme Court decision could come on Friday or the next two Thursdays of June, and additional days could be added to the calendar. "Our concern is only heightened by the prospect of an unfavorable ruling in coming days framed by a conservative, right-wing majority of the Supreme Court.

Persons: —, Joe Biden's, Biden, Ayanna Pressley, Ro Khanna, Trump, Derrick Johnson, Wisdom Cole Organizations: Education Department, Service, Politico, Biden, An Education Department, Democratic, Supreme Court, Massachusetts, Washington Post, NAACP, Youth and College Locations: California

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