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Posts published in “Business”

Hurricane Ian: These Are The Florida Areas Hardest Hit By The Category 4 Storm

Topline Millions of Floridians are without power and damage across the state from powerful winds and storm surges caused by Hurricane Ian has been catastrophic, according to officials, with the cities of Sanibel, Cape Coral and Fort Myers—where the Coast Guard is rescuing people from roofs—as well as other areas along the southwestern coast hit…

Technical Recession Confirmed: Economy Shrank 0.6% Last Quarter, Final GDP Shows

Topline The U.S. economy shrank for a second quarter in a row this year, a third and final estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely prompting the official scorekeeper…

Biden Walks Back Student Loan Forgiveness—Some Borrowers With Privately Held Federal Loans No Longer Eligible

Topline The Biden administration will no longer offer loan forgiveness to borrowers with privately held federal student loans as a part of its new student debt relief program, the Education Department said in updated guidance on Thursday, a move that comes as the administration faces legal challenges from some GOP-led states. Key Facts The Biden…

Ginni Thomas Testifying To House Jan. 6 Committee Today

Updated Sep 29, 2022, 10:22am EDT Topline Right-wing activist Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, will testify to the House January 6 Committee Thursday, multiple outlets report , reversing course after she initially refused to testify in the probe amid controversy over her alleged efforts to help overturn the 2020 election—even as…