Washington Financial News

The Biden administration is docking more than $2 million in payments to student loan servicers that failed to send billing statements on time after the end of a coronavirus pandemic payment freeze

BUENOS AIRES (Reuters) — Argentina's cash-strapped government will raise $3.2 billion in hard currency in order to meet debt repayments via an issuance of 10-year bills to the central bank, according to a decree in the official gazette on Friday.

India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, Reuters calculations based on government data show. The data also showed declining discounts for Russian oil narrowed the price gap with India's second largest oil supplier Iraq in November. India paid an average $85.73 per barrel for supplies from Iraq and $93.32/barrel for Saudi oil, the data showed. Since the imposition of the price cap in December 2022, India has mostly paid above the $60 ceiling for Russian oil that had still proved cheaper than the similar grades from elsewhere. June was an exception when prices were lower. Indian refiners buy Russian oil on delivered basis from from ports in Greece, South Korea and Spain, as well as directly from Russia. Sales from Russian ports at more than $60/barrel led to the U.S.

(Reuters) -U.S. aviation safety officials will provide assistance to Japan in the reading of airplane recorders after a deadly collision between a Japan Airlines widebody jet and a small Coast Guard plane this week.

By David Shepardson

Global real estate adviser Jenna Stauffer argues the American dream of home ownership still exists during her appearance on Mornings with Maria.

The Equalizer, originating as a CBS series in the 1980s, featured Edward Woodward as Robert McCall, a retired intelligence agent tackling criminals and wrongdoers. In 2014, Antoine Fuqua rebooted the franchise with Denzel Washington, leading to a successful sequel. Adding a new dimension, Queen Latifah now portrays Robyn McCall in The Equalizer Season 4.

These bureaus furnish credit and insurance companies with lists of consumers meeting particular criteria for prescreened offers. It's entirely legal, but there's a remedy: Opt Out Prescreen, a tool crafted by these very credit bureaus.

America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021

The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling

By Lucia Mutikani

By Andrew Chung and John Kruzel

By Ted Hesson and Susan Heavey

By Lucia Mutikani

By Howard Schneider

UBS Private Wealth Management financial adviser Sarah Ponczek and Lou Basenese discuss how rising interest rates and inflation are impacting markets on 'Mornings with Maria.'

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

TAIPEI—Nearly a year after the appearance of a suspected Chinese spy balloon over the U.S. sent relations between Beijing and Washington into free fall, high-altitude balloons from China have again been spotted floating over sensitive territory. This time, it is the main island of self-ruled Taiwan, which is days away from holding a presidential election with ramifications for the future of U.S.-China relations.

Harvard President Claudine Gay announced her resignation on Tuesday, merely six months into her tenure. The decision comes amid allegations of plagiarism in her academic work and scrutiny from congressional lawmakers over her handling of antisemitism on campus during the Israel-Hamas conflict. Claudine Gay, Harvard's first Black president, expressed the difficulty of her decision in a statement, noting, «This is not a decision I came to easily.» After consulting with the Harvard Corporation, she concluded that resigning is in the best interests of the institution.

U.S. officials are seizing more shipments of unauthorized electronic cigarettes

The U.S. military says its forces opened fire on and killed several Houthi rebels after they attacked a cargo ship in the Red Sea