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The walkout comes on the coffee chain's Red Cup Day event, during which Starbucks hands out free red-colored, reusable, holiday-themed cups to customers on their coffee purchases. About a dozen workers picketed outside Starbucks' Astor Place outlet at the New York University's campus chanting "no contract, no coffee" and other rhymes. Red Cup day has typically been a major driver of store traffic, with Placer.ai data showing that visits to U.S. Starbucks stores on the day last year jumped 94% over the daily average for the full year. Mary Boca, 22, Astor Place, New York barista, said she wants to see higher pay and more staff at Starbucks. Last year, workers at more than 100 U.S. company-owned Starbucks locations had held a one-day strike on Red Cup day.

Persons: Lindsay DeDario, Mary Boca, , New York barista, Boca, Edwin Palma Solis, Granth, Shinjini Organizations: Mobile, REUTERS, Starbucks, Workers United, NYU, Workers, U.S ., Red, Thomson Locations: Hamburg, Buffalo , New York, U.S, United States, Astor, York, , New York, Bengaluru, Arriana, New York City

☆ Here's why your Starbucks order might take longer today
▼ + stars: | 2023-11-16 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

On Red Cup Day, Starbucks fans receive a free reusable red cup with purchase of a holiday drink. The event, dubbed Red Cup Day, is one of the busiest days of the year for the chain. AdvertisementStarbucks customers might face longer than usual wait times for their daily caffeine fix – and potentially cafe shutdowns – as baristas plan to strike on November 16, Red Cup Day. During the annual event, Starbucks customers receive a free reusable 16-ounce red cup when they purchase a fall or holiday beverage. Last year, Starbucks workers from over 100 stores walked off the job on Red Cup Day.

Persons: —, unionize, Neha Cremin, we're Organizations: Service, Red, Starbucks, Starbucks Workers United Locations: New York, Oklahoma City

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Apple, Disney, Affirm, Dollar Tree, DraftKings & more
▼ + stars: | 2023-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "

Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q

☆ Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers
▼ + stars: | 2023-11-14 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Even as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday. Home Depot kicked off a much-anticipated week of retail earnings that includes other household names, such as Walmart , Target and Macy's . In the short term, cooling inflation reduces sales numbers for retailers, including Home Depot. At Home Depot, McPhail has described 2023 as "a year of moderation" after the boom in home improvement during the Covid pandemic. Yet some factors that drive inflation are beyond retailers' control and influence consumers' decisions, too.

Persons: Richard McPhail, Michael Baker, Davidson, McPhail, Billy Bastek, Ted Decker, it's, doesn't Organizations: Dow Jones, Depot, Walmart, Target, Home, Federal Reserve, D.A, CNBC PRO

☆ Who will be the AI winners of 2024? Morgan Stanley names its favorites
▼ + stars: | 2023-11-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Morgan Stanley thinks Meta Platforms is the "cleanest" generative artificial intelligence play in 2024 as the bank focuses on return on invested capital (ROIC) in its AI stock coverage into next year. Analysts led by Brian Nowak assembled a list of potential AI stock winners for 2024, extending from large caps down to smaller companies that offer similarly bullish outlooks. "AI investments, testing and early capabilities continue to grow across the sector," Morgan Stanley wrote. Among smaller stocks, Uber Technologies was also recommended by Morgan Stanley, which has an overweight rating on the ride-sharing provider. "Uber's scale and liquidity gives drivers higher earnings power and riders lower wait times," Morgan Stanley wrote.

Persons: Morgan Stanley, Brian Nowak, Nowak, Monday's, — CNBC's Michael Bloom, Scott Schnipper Organizations: Wall, Nvidia, Microsoft, Facebook, Technologies

Political Cartoons View All 1244 Images“They ask questions but they don’t tell us what is going on,” Hawkins said of CMS. If trends continue, as many as 30 million people could end up being dropped from Medicaid once states finish reviewing their Medicaid rolls, according to Avalere's projections. The numbers dwarf the Biden administration’s initial projections that only 15 million people would lose coverage throughout the process. “We have to say it’s going poorly,” Massey Whorley, a principal at Avalere, said of the Medicaid redeterminations. Some Texas lawmakers have asked CMS to investigate issues in the state, where nearly 1 million have lost Medicaid.

Persons: Biden, Avalere, ”, Trevor Hawkins, Hawkins, “, ” Hawkins, they’ve, Xavier Becerra, Daniel Tsai, Tsai, Lily Mezquita, Mezquita, ” Massey Whorley, I’ve, Gavin Lesnick, Lesnick, Lynn Hearn, Hearn, We’ve, we’ve, ” Hearn, Mallory McManus, Cassidy Estes, Rogers, didn't, Estes, Graciela Camarena, Camarena, Jennifer Ruffcorn, Jennifer Wagner, ___ Hunter, Robert Wood Johnson Organizations: WASHINGTON, Medicaid, Legal Aid, Centers, Medicare, Services, CMS, Democratic, Human Services, HHS, CMS Center, Children’s Health Insurance, Biden, AP, state's Department of Human Services, Florida Health Justice, Florida Department of Children, Charlotte Center, Legal, Children's Defense Fund, Texas, Texas Health, Center, Budget, Associated Press Health, Science Department, Robert Wood Johnson Foundation Locations: Florida, Arkansas, Texas, Miami , Florida, Avalere, North Carolina, Atlanta

☆ College students plotting to get Starbucks kicked off campuses plan to join baristas as they walk off the job on Red Cup Day
▼ + stars: | 2023-11-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Starbucks workers plan to walk off the job on November 16, which is expected to be Red Cup Day. Students from campuses around the US plan to join Starbucks employees when they walk off the job later this week on what is expected to be Red Cup Day. Starbucks has not officially announced when Red Cup Day will be held this year, but last year, it was held on Thursday, November 17. College students actively campaigning to boot Starbucks from campuses plan to join workers November 16, a day the union is labeling "Red Cup Rebellion." Starbucks Workers United represents more than 300 unionized Starbucks stores and 9,000 workers.

Persons: —, Ella Clark, Caitlin Power, Alex Yeager, Yeager Organizations: Red, College, Service, Starbucks, Georgetown, Cornell University, Cornell, University of Washington , University of Minnesota, University of Maryland, Baltimore County, University of Louisville, University of Chicago, UCLA, Stanford University, Boston University, American University, University of Arizona, Workers, Starbucks Workers United, Portland Press Herald, National Labor Relations, Starbucks Workers Locations: San Francisco, Ithaca, Baltimore, Gardner , Massachusetts

☆ Disney is in trouble. Bob Iger has 5 big problems to solve
▼ + stars: | 2023-11-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Last quarter, Disney’s linear television revenue continued to slip, declining 7% compared to the same quarter last year. Disney World angstIt may not be all bad news for Disney, though. However, Disney World Resort in Florida has struggled with declining attendance in recent months. Over the summer, Disney World parkgoers experienced shorter-than-expected ride wait times and fewer crowds. Nearly one year ago, Iger unexpectedly came out of retirement to take over the role of Disney CEO once again after the board unexpectedly fired his successor, Bob Chapek.

Persons: Ron DeSantis, Bob Iger, Hugh Johnston, Christine McCarthy, Iger, ” Iger, I’ve, expansively, Indiana Jones, Reynaud Julien, Bank of America’s Jessica Reif Ehrlich, Ehrlich, Jason Bazinet, Disney, Disney isn’t, ”, Vijay Jayant, underperformance, Bob Chapek, Johnston Organizations: Los Angeles CNN, Disney, Republican, Gov, Warner Bros, CNN, Media, YouTube, ESPN, Wall Street, PepsiCo, ABC, Disney Channel, Geographic, “, Destiny, Cannes Film, APS, Bank of America’s, Citigroup, Shanghai Disney Resort, Hong Kong Disneyland Locations: Florida, Refinitiv, Cannes, France, Canada, Hulu, Shanghai, Hong, Central Florida

He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.

Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S

☆ Disney earnings: Company plans to slash costs by $2 billion more
▼ + stars: | 2023-11-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

The company announced it would slash expenses by another $2 billion, adding to the $5.5 billion reduction it had previously announced, which included thousands of job cuts. Meanwhile, the company continues to lose money in its Disney+ streaming business, but it managed to significantly reduce its losses in that division. The company reported revenue of $21.2 billion, coming in slightly below expectations of $21.3 billion, according to estimates from analysts surveyed by Refinitiv. The company said it was “aggressively managing its cost base,” planning to slash $2 billion more in costs than previously reported. “We are bullish about the future of our streaming business,” Iger said.

Persons: Los Angeles CNN — Disney, Bob Iger, Angus Mordant, Ron DeSantis, “, ’, Kevin Lansberry, Lansberry, ”, “ We’re, Iger, ” Iger Organizations: Los Angeles CNN, Disney, Times, Bloomberg, Getty, Republican, Gov, Walt Disney World, ESPN, ABC, Disney Channel, Geographic, “, ABC Network, CNBC Locations: New York, Central Florida, Disney’s, Canada, Hulu

☆ Here are Wednesday's biggest analyst calls: Apple, Rivian, Datadog, DraftKings, Lucid, Target, Adobe & more
▼ + stars: | 2023-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its checks show wait times for Apple's iPhone Pro and Pro Max have fallen. UBS reiterates Target as buy UBS lowered its price target on the stock to $174 per share from $184 but said it's standing by Target shares. Bank of America upgrades Fluence Energy to buy from neutral Bank of America said the energy storage is the next big thing in renewables. Bank of America reiterates Rivian as buy Bank of America said Rivian is "still in [the] right place/time with right product/strategy." Bank of America reiterates DraftKings as buy Bank of America said it's bullish heading in to DraftKing's investor day next week.

Persons: Pro Max, Wells, Isaac, it's, Cantor Fitzgerald, Cantor, TD Cowen downgrades Estee Lauder, Estee Lauder, Rivian, it's bullish, Goldman Sachs, Goldman, Raymond James downgrades Masimo, Raymond James, DraftKings, Bernstein, Mizuho downgrades Datadog, DDOG, MCHP Organizations: UBS, Apple, Pro, Target, 3Q, Citi, Bank of America, Energy, of America, South Korea Travel, EV, Susquehanna, TAM, Adobe, Mizuho, JPMorgan Locations: China, Europe, Japan, Mainland China, Hainan, MASI, bottoming

☆ Yellen: Republicans' IRS funding cut would hurt customer service goals
▼ + stars: | 2023-11-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington on Nov. 7, 2023. Expanded taxpayer serviceYellen said the agency made a "tremendous leap forward" during the 2023 tax filing season by significantly reducing phone wait times. "This filing season, we will build on this foundation and continue expanding services for taxpayers: by phone, online and in person," she said. By the start of the filing season, taxpayers will be able to digitally file 20 more forms, including certain business forms, she said. Limited free Direct File pilotThe IRS will also prioritize a limited Direct File pilot, available to certain taxpayers in 13 states to file federal returns for free, Yellen said.

Persons: Janet Yellen, Kevin Lamarque, Yellen Organizations: Treasury, IRS, Reuters, Assistance Centers Locations: Washington

Learn moreLooking for the latest on how to watch the Brazil F1 live stream for free? Where to Watch a free Brazil F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the Brazil F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Verstappen, Leclerc, Aston Martins, Alonso, Aston, We've, ExpressVPN Organizations: Aston, BBC, RTL, AWST, US ESPN, ESPN Locations: Brazil, Austria, Belgium, Luxembourg, TV's

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

☆ Entrepreneurs need mobile devices that offer flexibility and support multitasking. Here's how two SMB owners get it done.
▼ + stars: | 2023-11-03 | by ( Sponsor Post | Created Insider Studios With Samsung | ) www.businessinsider.com time to read: +6 min

Now his phone keeps up with him — the Z Fold5 has enough battery to last a full day, including video calls. Louis Angel Scott, the cofounder and COO of Cutbox, a UK-based barber chain that offers convenient and affordable cuts, understands this clearly. Angel Scott and his cofounder initially founded Cutbox out of frustration with long wait times associated with the barbering industry. Samsung created products like the Galaxy Z Fold5 for technology-leaning entrepreneurs like Angel Scott. "The back-end experience is so seamless to access on the Z Fold5 due to the bigger screen," Angel Scott said.

Persons: Andy Davis, Davis, Samsung's Knox, Knox, I've, Louis Angel Scott, Angel Scott, Cutbox, Pen Organizations: Black, Samsung, Buds2, Insider Studios, Samsung Labs Locations: barbershops

☆ Six Flags and Cedar Fair are merging
▼ + stars: | 2023-11-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Amusement parks Six Flags and Cedar Fair are merging in an $8 billion deal that creates a theme park powerhouse across North America. Six Flags and Cedar Fair operate in different parts of the North America, so a combined company could help them better manage seasonal dips in park attendance. In addition Cedar Point, its flagship theme park in Sandusky, Ohio, Cedar Fair owns Knott’s Berry Farm in California, Schlitterbahn water park in Texas and Canada’s Wonderland in Ontario. Cedar Fair said the combined company will allow management to ramp up investments in the parks, which should help boost demand. Cedar Fair (FUN) shareholders will get one share of stock of the newly combined company for each share owned, and Six Flags (SIX) shareholders will receive 0.58 shares for every share currently owned.

Persons: It’s Organizations: New, New York CNN, Amusement, Fair, Cedar Fair, Six, Comcast, Universal Studios, Disney, Walt Disney World, Universal Orlando, Flags Locations: New York, North America, Canada, Mexico, Sandusky , Ohio, California, Texas, Ontario, SeaWorld, Florida

For the first few weeks of the Israel-Gaza war, the Rafah crossing remained shut – leaving Palestinians with no way out of the enclave. Located in Egypt’s north Sinai, the Rafah crossing is the sole border crossing between Gaza and Egypt. That has left the Rafah crossing with Egypt as the territory’s only entrypoint to the outside world. How has Rafah crossing access changed over time? People enter the Rafah border crossing on Wednesday.

Persons: ’, Israel, Kerem Shalom, Mohammed Abed, Jason Shawa, Shawa, Abdel Fattah el, Sisi, ”, “, King Abdullah said Organizations: CNN, Food Programme, United Nations, Hamas ’, European Union, Getty, Travelers, UN Locations: Gaza, Rafah, Egypt, Qatar, Israel, United States, Egypt’s, Sinai, AFP, Palestinian American, Seattle, Gazans, Jordan

☆ Here are Wednesday's biggest analyst calls: Apple, Meta, Boeing, AMD, Carvana, Ford, Robinhood & more
▼ + stars: | 2023-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Advanced Micro Devices as buy UBS said it's standing by its buy rating on the chipmaker after its earnings report on Tuesday. Goldman Sachs downgrades ZoomInfo Technologies as buy Goldman downgraded the stock after its "mixed" earnings report citing lower visibility. UBS upgrades JD.com to buy from neutral UBS said shares of the Chinese retailer are attractive. " UBS reiterates Apple as neutral UBS said its checks show Apple's iPhone wait times are lower. TD Cowen reiterates Carvana as market perform TD said it's cautious heading into the used car company's earnings report on Thursday.

Persons: it's, TD Cowen, Piper Sandler, Piper, Polestar, Goldman Sachs, Goldman, Morgan Stanley, Bernstein, Price, Cantor Fitzgerald, VinFast, Cantor, it's bullish, JD, Mizuho, Robinhood, HOOD, Carvana Organizations: UBS, Devices, EV, Technologies, Bank of America, of America, UAW, Barclays, Ford, General Motors, Meta, JPMorgan, Boeing, Goldman, NRG Energy, Guggenheim, Management, Clear Messaging, Deutsche Bank, Deutsche, Apple, BP, UW Locations: Asia, Europe, North America

☆ DoorDash warns customers who don't tip: your order could be slower
▼ + stars: | 2023-11-01 | by ( Grace Dean | Alex Bitter | ) www.businessinsider.com time to read: +4 min

DoorDash is reminding customers their orders may be quicker if they leave a tip for their driver. It's the latest attempt by DoorDash to encourage customers to tip more. In June, DoorDash starting sending tip "nudges" to customers, reminding them that they can increase tips for 30 days after a delivery. "In some cases, customers place orders through merchants directly and are not given the option to provide a tip on an order," DoorDash notes on its website. "This does not mean the customer chose not to leave a tip – it means they were not given the opportunity to leave a tip when they placed their order."

Persons: DoorDash, —, Jenn Rosenberg, " Rosenberg Organizations: Service, Wall Street

☆ More than 1 million are waiting for Social Security to process initial disability claims. The consequences are 'devastating,' lawmaker says
▼ + stars: | 2023-11-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

One Social Security disability applicant finally had a hearing scheduled for this month but did not live until the scheduled date, according to David Camp, interim CEO at the National Organization of Social Security Claimants' Representatives. While the patient sought help with 825 days left to live, Social Security wasted more than 500 days with its delays. From 2010 to 2022, claims for Social Security disability benefits declined by 37%, while claims for Supplemental Security Income, or SSI, fell by 49%, according to Camp. Eliminating that phase of the process could free disability determination services staff to work on initial disability claims and reduce backlog, she said. Increase funding for Social Security AdministrationCongressional Republicans have proposed a 30% federal budget cut, which would be "completely devastating" to the Social Security Administration, said Kerr-Davis.

Persons: Richard Stephen, Istock, David Camp, Linda Kerr, Davis, Kerr, Jennifer Burdick, Aleksandr Zubkov, Burdick Organizations: Getty, National Organization of Social Security, Representatives, Social Security, Social Security Administration, Consortium, Citizens, Force, Republicans, Davis, SSA

☆ Education Department penalizes Missouri lender for error that made 800,000 student loan borrowers delinquent
▼ + stars: | 2023-10-30 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

The U.S. Department of Education will penalize student loan servicer Mohela, or the Missouri Higher Education Loan Authority, for its failure to send timely billing statements to 2.5 million borrowers. As a result of Mohela's errors, more than 800,000 borrowers were delinquent on their loans, the Education Department said in a statement Monday. Higher education expert Mark Kantrowitz said he believed this was one of the first instances of the government withholding payment from a student loan servicer. "It is only fair for the loan servicer to be penalized for mailing late statements." Federal student loan payments were on pause since March 2020, due to the Covid pandemic, but resumed this month.

Persons: servicer Mohela, Rich Cordray, Mark Kantrowitz, servicer, Kantrowitz, Mohela, servicers, Sen, Elizabeth Warren, Braxton Brewington, Brewington, Biden Organizations: U.S . Department of Education, Washington , D.C, U.S . Department, Education, Missouri Higher Education Loan Authority, Education Department, Finance, Federal, Mohela, CNBC Locations: Washington ,, Missouri, forbearance

Learn moreLooking for the latest on how to watch the Mexico F1 live stream for free? Where to Watch a free Mexico F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the Mexico F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Leclerc, Sainz, Perez, he's, We've, ExpressVPN Organizations: Mexico, BBC, RTL, AEST, US ESPN, ESPN Locations: Mexico, ORF1, Austria, Belgium, Luxembourg, TV's

☆ Why Illegal Border Crossings Are at Sustained Highs
▼ + stars: | 2023-10-29 | by ( Ashley Wu | ) www.nytimes.com time to read: +7 min

Why Illegal Border Crossings Are at Sustained HighsFor the second year in a row, the number of illegal crossings at the U.S.-Mexico border surpassed two million, according to government data released this month. The 2022 fiscal year set a record of 2.2 million illegal border crossings. Shifting U.S. policies, global migration patterns and changing migrant demographics all factor into the high levels of illegal border crossings of the past few years. Since then, the number of illegal border crossings has increased every month, and border patrol agents made nearly 220,000 apprehensions in September alone. They accounted for the third-most illegal border crossings in the past year, after Mexicans and Guatemalans.

Persons: Biden, New York —, Donald J, Trump, “, ”, Denise Gilman, Ms, Gilman Organizations: . Customs, Republicans, Government, University of Texas, Austin’s Immigration Clinic, Northern, Northern Triangle Locations: U.S, Mexico, Chicago, New York, Central America, United States, Guatemala, Honduras, El Salvador, apprehensions, Guatemalans, Venezuela, Cuba, Haiti, Nicaragua

☆ Student-Loan Payment Processors Draw Probe on Wait Times, Borrower Advice
▼ + stars: | 2023-10-27 | by ( Gabriel T. Rubin | ) www.wsj.com time to read: 1 min

President Biden in early October said his administration would forgive student debt for another group of borrowers, canceling $9 billion in debt for 125,000 people. Photo: Kevin Dietsch/Getty ImagesThe federal government is investigating allegations of botched customer service by loan processing companies over their handling of questions about the resumption of student-loan repayments following a three-year pandemic pause. Borrowers have said they faced long delays on customer-service lines, with many hanging up after hearing estimates of lengthy wait times, people familiar with the matter said. Borrowers have also complained about the guidance that customer-service representatives or the companies’ automated systems are providing.

Persons: Biden, Kevin Dietsch

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