Sandy Harris, part of the Financial Aid ‘family’, celebrates 50 years at the Law School
During the time Sandy Harris has spent processing student financial aid packages at the University of Virginia School of Law, 10 US presidents have come and gone, along with six university presidents, eight university deans faculties of law and six deans of admission. Only four people have overseen financial aid operations during Harris’ 50 years there, including his current boss, Jennifer Hulvey, the assistant dean for financial aid, education and planning. Harris has considered each of them part of his family, with all the loyalty that entails. Harris is so indispensable to the office, Hulvey jokes, that he plans to…
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GO in the knowledge: Social Security questions answered, Robinhood issues and the best financial news for August 3
seb_ra / iStock.com If you need help getting over the hump on this day, check out our roundup of the biggest financial stories out there. Lots of good stuff here today. The big advantage: the 8 most frequently asked questions about Social Security have been answered Social Security is a big program that affects many people, so questions about how to receive benefits, age limits, direct deposit, and other common topics often come up. GOBankingRates breaks down the most frequently asked questions, as noted by the SSA. Bonus Offer: Open a new Citi Priority account by 9/1/23 and earn up…
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Proactive news, such as Robinhood, Progressive
New York, Aug. 03, 2022 (GLOBE NEWSWIRE) — Proactive, a provider of real-time news and video interviews about growing companies listed in the US and Canada, has covered the following companies: Trading slump hits Robinhood’s revenue as retail investors click here. Progressive Planet completes purchase of 50% of Bromley Creek Mine with International Zeolite, click here. CEO Dennis Calvert says there will be more quarterly filings, click here. Marble Financial says it has added 11 new Canadian license agreements. Click here Drilling is scheduled to begin in August click here DGTL Holdings wins four new platform-as-a-service contracts from major consumer…
Read More »3 Takeaways from the Wednesday Investment Club ‘Morning Meeting’
Every weekday, the CNBC Investing Club with Jim Cramer does a live “morning session” at 10:20am ET. Here’s a recap of the key moments this Wednesday. Oil Is All About Russia Quick Mentions: AMD, F Eli Lilly Reports Thursday 1. Oil Is All About Russia. US oil prices, as measured by West Texas Intermediate crude futures, fell another 3% on Wednesday, nearing the $90 a barrel level. . WTI hit 13-year highs in March, trading above $130 a barrel, after Russia invaded Ukraine. Despite the recent declines, we are still interested in our oil stocks as they are returning tons…
Read More »Treasury backs £3bn export finance package for war-torn Ukraine | Business news
The chancellor is throwing his weight behind a new £3bn export finance package aimed at bolstering Ukraine’s military defense against Russia and the country’s future reconstruction. Sky News has learned that Nadhim Zahawi has told International Trade Secretary Anne-Marie Trevelyan that he supports an application for credit facilities provided by UK Export Finance (UKEF). In a letter to Ms Trevelyan and copied to the Ministry of Defence, the Foreign Office and 10 Downing Street, Zahawi said he considered it “essential that we continue to support the government of Ukraine in any way we can and demonstrate our faith in the…
Read More »OneMain Financial is extending assistance to customers affected by the Kentucky floods and committing resources to affected communities
NEW YORK–(BUSINESS THREAD)–OneMain Financial, the leader in providing responsible access to credit for underprivileged customers, has implemented a borrower assistance program to provide assistance to Kentucky customers affected by the recent flooding. The program, which went into effect on August 2, will offer options to eligible customers, including deferring loan payments. Assistance will be available through Sept. 2 for customers in 13 eastern Kentucky counties: Breathitt, Clay, Floyd, Johnson, Knott, Leslie, Letcher, Magoffin, Martin, Owsley, Perry, Pike and Wolfe. OneMain will host a community relief event on Saturday, August 13 at the company’s branch office in Hazard, KY to distribute…
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Stocks shoot up after back-to-back losing days
U.S. stocks rallied on Wednesday, recouping this week’s losses, as investors pushed through the earnings season and weighed upbeat economic data from the services sector. The S&P 500 rose 1.6% and the Dow Jones Industrial Average gained 450 points, or about 1.4%. The tech-heavy Nasdaq Composite rose 2.6%. Bonds also advanced after a Fedspeak Tuesday, with the benchmark 10-year Treasury yield near 2.8% and the 2-year yield above 3.1%. Economic data released on Wednesday that showed the U.S. services sector rebounded in July helped boost sentiment. The ISM services PMI rose to 56.7 percent last month from June’s reading of…
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PennyMac Financial Services profits fall, but beat analysts’ estimates
Servicing revenue, some secondary market gains, layoffs and other cost cuts more than offset the impact of a market-wide drop in originations at PennyMac Financial Services than analysts expected, but its second-quarter earnings quarter still fell in relation to comparable previous periods. The company earned $129.2 million between April and June, down from $173.6 million in the previous quarter and $204 million a year earlier. Its $2.28 in diluted earnings per share broadly beat analysts’ estimates, slightly above the top of $2. The results included pre-tax income broken down by segment as follows: $168 million from service, $10 million from…
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