FTC warns about pupil loan ripoffs following Supreme Court docket selection

Essential Points

The Supreme Court docket struck down the Biden administration’s student loan forgiveness approach Friday in a 6-3 ruling. Loan payments are poised to restart in Oct.
The Federal Trade Fee warned in a client inform that scammers would likely goal debtors, potentially posing as U.S. Division of Schooling personnel and featuring mortgage support.
The FTC made available strategies for borrowers to safeguard on their own.

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Finance

China’s EV price war is heating up. What’s behind the big discounts?

May 29, 2025

Key Points Industry giant BYD announced a slew of discounts — some of nearly 30% or more – on selected models. The average car price has fallen by around 19% over the past two years in China to around 165,000 yuan ($22,900). Rather than reflecting market expansion, double-digit growth of new energy vehicles sales in […]

Finance

Stocks making the biggest moves after hours: Nvidia, Salesforce, HP and more

May 28, 2025

Check out the companies making headlines in after-hours trading: Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for […]

Finance

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

May 28, 2025

Key Points An early test showed that Palantir’s technology, which includes elements of artificial intelligence, could identify fraud in seconds that took human investigators two months, Fannie Mae CEO Priscilla Almodovar said. Shares of Palantir have jumped more than 140% since President Donald Trump’s election win in November. The announcement comes as there is a […]