Posts by Nathan Pine
Education Department Lowers Student Loan Interest Rates for Two Years
The Education Department will temporarily lower interest rates on outstanding federal student loans by up to one percentage point starting July 1, it said on Thursday. The reduction will end on June 30, 2028. Just over a third of federal student loan borrowers are current on their loans, Nicholas Kent, the under secretary of education,…
Read MoreOpec sticks to robust oil demand outlook, sees no peak on horizon
Published Thu, Jun 18, 2026 · 10:58 PM [LONDON] Opec maintained its forecast for robust global oil demand growth in the next four years on Thursday (Jun 18) and nudged up its longer-term view, citing a worldwide shift towards more supportive policies for oil use and saying there was no sign demand would peak. The…
Read MoreBBC to cut 550 jobs in cost-saving drive
Published Wed, Jun 17, 2026 · 10:15 PM [LONDON] The BBC, Britain’s public service broadcaster, will cut 550 jobs and close some programmes as part of cost-saving plans under its new director-general, the Telegraph reported on Wednesday (Jun 17), adding that channels and radio networks were also under review. The report said that staff would…
Read MoreBest-Selling Memoirist Sues Classmate Who Said She Used Her Story
Amy Griffin, the author of the memoir “The Tell,” filed a lawsuit on Monday saying a childhood classmate defamed her with the accusation that she had appropriated the classmate’s own experience of sexual abuse and presented it as her own in the book. Ms. Griffin’s suit, which was filed in U.S. District Court in Nevada…
Read MoreSpaceX Is Now More Valuable Than Amazon, Meta and Many Others
SpaceX’s blockbuster public offering last week was only the beginning. Elon Musk’s rocket maker and artificial intelligence company has gained roughly a trillion dollars in market value in its first few days of trading, rapidly propelling it up the ranking of the world’s most valuable companies. SpaceX is now one of the five largest companies…
Read MoreUS stocks: Dow hits record high as oil slides; SpaceX soars
Published Tue, Jun 16, 2026 · 10:56 PM THE blue-chip Dow touched an intraday record high on Tuesday as oil prices slid further on optimism around a US-Iran peace deal, while SpaceX surpassed Amazon’s market value to become the fifth-most valuable US firm. Shares of SpaceX climbed almost 9.5 per cent, helping the company overtake…
Read MoreUS stocks: Dow hits record high on Iran deal optimism, lower oil prices
Published Mon, Jun 15, 2026 · 10:36 PM WALL Street’s main indexes rose on Monday (Jun 15), with the Dow touching an intraday high after the United States and Iran struck a preliminary agreement to end their war and reopen the Strait of Hormuz, leading to a sharp fall in crude prices. The framework for…
Read MoreGlobal Markets Rally on Iran Peace Hopes
Andrew here. Breaking: Fox has agreed to purchase Roku in a cash-and-stock deal that values the streaming company at about $22 billion, including debt. We’re also trying to make sense of the U.S. government’s decision to force Anthropic to bar foreign nationals from using its most powerful models on national security grounds. It feels like…
Read MoreAllianz said to lead bidding for HSBC’s Singapore insurance unit
The transaction, estimated to be up to US$2 billion, could be announced soon: sources Published Sun, Jun 14, 2026 · 08:57 PM ALLIANZ has emerged as the front runner to acquire HSBC Holdings’ Singapore insurance unit, said people familiar with the matter. The German insurer is the likeliest buyer for HSBC Life Singapore after outbidding…
Read MoreOil: Brent falls to lowest since March on expected peace deal
Published Sat, Jun 13, 2026 · 09:23 AM [HOUSTON] Brent crude prices fell to their lowest levels since early March as traders grew more confident about an imminent peace agreement between the US and Iran. Brent futures settled at US$87.33 a barrel, down US$3.05, or 3.4 per cent. US West Texas Intermediate (WTI) crude finished…
Read MoreVideo: Elon Musk’s Big Bet for SpaceX
Elon Musk is taking SpaceX public and keeping almost all the power. Ryan Mac, a technology reporter for The Times, breaks down why the company’s record I.P.O. is both a big bet on Musk’s vision and a risk for investors. By Ryan Mac, Nour Idriss, Nikolay Nikolov, Stephanie Swart, Rafaela Balster and Sam Rosenthal June…
Read MoreSpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut
Published Fri, Jun 12, 2026 · 10:45 PM SPACEX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-largest publicly listed company in the United States. Shares were indicated to open around…
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