The government can take 15% of Social Security benefits to repay student loans. These proposals seek to stop it.
Debt among older Americans is rising, both in terms of the number of older households carrying debt and the amount borrowed. Source:MarketWatch
How much higher can bond yields rise — and what does it mean for stocks?
Also in Weekend Reads: Adjustablerate mortgage loans, Gen Z entrepreneurs and advice from the Moneyist. Source:MarketWatch
Why bond investors quickly lost their enthusiasm for weak jobs figures
A weak U.S. labor report did what bad news hadn’t done in a while: It made U.S. debt look like a safe haven again — albeit briefly. Source:MarketWatch
BNY in talks with Kraken parent Payward over infrastructure partnership
The potential agreement could span digital assets, custody, trading, payments and other financialmarket infrastructure. Source:CoinDesk
Europe’s leaders rush to release diesel from stockpiles as fuel-shock hangs over U.S. midterms
Europe leaders agreed Friday to release some of diesel stockpiles, pulling prices of oil down by more than 4%. Source:MarketWatch
Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower
Bitcoin climbed after weakerthanexpected payrolls pushed Treasury yields lower, but orderbook resistance kept BTC from reaching new macro highs.…
Tesla’s EV sales beat Wall Street’s expectations again, and the stock jumps
EV giant Tesla had the best threemonth period for vehicle sales this year, but it was less than a year ago. Source:MarketWatch
Why Western Digital and Seagate are seeing big stock drops today
Investors are worried that Toshiba will boost its production of a key AI storage product, potentially hurting the strong pricing power that Western Digital and…
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Bitcoin held earlier gains following the report, up more than 2% over the past 24 hours and just below $87,000. Source:CoinDesk
To win the humanoid-robots race, the U.S. needs this critical machine component that’s hard to find
Humanoid robots have the potential to revolutionize life as we know it — but the U.S. does not have a supply chain that can produce key parts.…
BNB Chain crosses $1B in tokenized stocks, ETFs as market hits $3.7B
Tokenized stocks and ETFs on BNB Chain reached $1.1 billion as the broader market climbed to $3.7 billion, putting the network’s share at roughly 30%.…
I’m in my 20s and keep getting laid off. Should I invest in my employer’s 401(k) or look into other options?
“I have lost faith that the traditional career spanning decades at one company even exists anymore.” Source:MarketWatch