Here are the most important news items that investors need to start their trading day.
Student loan payments resumed, adding a burden for households and a risk to the economy.Investors are hoping this month ends up better than the last one. The first trading week of October starts after U.S. equities saw their worst month of the year in September. Thedropped 4.9% and 5.8%, respectively. Markets avoided one potential negative as Congress prevented a government shutdown over the weekend.
Typical borrowers will owe hundreds of dollars a month — by one estimate, adding up to $7 billion to $8 billion reallocated to the payments every month. While the long-term effect on the economy is unclear, households around the country will feel the crunch from payments restarting. Many borrowers plan to delay purchases of big-ticket or discretionary items, which could take a bite out of sales at retailers liketo fix an issue that has caused its new iPhone 15 models to overheat.
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Trump civil trial arising from NY Attorney General Letitia James' lawsuit set to begin MondayThe civil trial stemming from New York Attorney General Letitia James’ lawsuit against former President Trump and the Trump Organization is set to begin Monday in New York City.
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Monday's Powerball jackpot is now worth more than $1 billionThe jackpot for the next drawing Monday night remains the world's ninth-largest lottery prize of all time.
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Powerball lottery jackpot at $1.04B for winning numbers drawing MondayThe Powerball jackpot has climbed to more than a billion dollars for Monday night's drawing.
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Powerball lottery jackpot at $1.04B for winning numbers drawing MondayThe Powerball jackpot has climbed to more than a billion dollars for Monday night's drawing.
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NYC could see hazy skies Monday as smoke from Canadian wildfires returnsThe Air Quality Index will be around 55, which may be a risk to people who are sensitive to air pollution.
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