President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. The administration plans to appeal. Here’s what to know if you’ve applied for relief. What happens now? While the application for relief has been taken down … Read more
Gap (GPS): The retailer reported quarterly sales and profit that topped Wall Street estimates, sending shares up 7% in after hours trading. Gap reported net sales of $4.04 billion, up 2% from a year ago. Comparable sales for the third quarter were up 1% year-over-year, topping Wall Street’s forecast of a decline of 3.4%. In … Read more
Semiconductor equipment vendor Applied Materials (AMAT) late Thursday crushed Wall Street’s targets for its fiscal fourth quarter and guided much higher than views for the current period. AMAT stock rose in extended trading. X The Santa Clara, Calif.-based company earned an adjusted $2.03 a share on sales of $6.75 billion in the quarter ended Oct. … Read more
SKLA | iStock | Getty Images Close to 26 million Americans have applied for student loan forgiveness, and the Biden administration has already approved 16 million of the requests, the White House said on Thursday. Yet its entire loan cancellation plan could be in jeopardy due to the legal challenges brought by Republicans, it warned. … Read more
PhonlamaiPhoto KLA Corp. (NASDAQ:KLAC), Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) rose on Monday as Bank of America reiterated its buy rating on the semiconductor equipment companies, noting optimism from Lam Research’s recent report and optimism surrounding the CHIPS Act. Analyst Vivek Arya noted that even with risks relating to the export controls to China … Read more
Syncona to acquire Applied Genetic Technologies for ~$23.5M Source link
Sundry Photography/iStock Editorial via Getty Images Applied Materials (NASDAQ:AMAT) and ASML Holding (NASDAQ:ASML) rose on Friday as investment firm New Street Research upgraded both semiconductor capital equipment makers, noting that the pain in the industry should end soon. Analyst Pierre Ferragu raised his rating on both Applied Materials (AMAT) and ASML Holding (ASML) to outperform, … Read more
Digital World Acquisition Corp (DWAC): Shares of DWAC, the SPAC that plans to merge with former President Trump’s social media company, rose 8% in extended trading following reports that Google is adding Truth Social to its Google Play Store. Applied Materials (AMAT): The chip manufacturer lowered its earnings forecast for the fourth quarter, in part … Read more
Applied DNA, Moderna top healthcare gainers; Kinnate, Owens & Minor lead losers' pack Source link
Pekic | E+ | Getty Images The U.S. Department of Education continues to put out new information on how President Joe Biden’s historic student loan forgiveness plan will work. Some of the latest details include how forgiveness will be applied to your balance: which federal student loans can get the relief, and in what order. … Read more