Wall Street slips as earnings season nears and inflation data loom
Stocks fell Monday with the S&P 500 down 0.7 percent, the Dow off 0.3 percent and the Nasdaq down 1 percent. Investors brace for a busy week of inflation updates and the start of corporate earnings, amid worries over sticky inflation and Fed rate hikes. Major indexes extended a four day losing streak as small caps retreat.
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Biden plan to forgive student loans faces new suit
A Job Creators Network Foundation suit in U S District Court Northern District of Texas accuses the Biden administration of violating the Administrative Procedure Act by failing to seek public input on the debt forgiveness program. The complaint names Education Secretary Miguel Cardona and questions eligibility, timing, and the secretive development process impacting tens of millions of borrowers.
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Pro-Russia group hits U.S. airports with DDoS outages
Pro-Russia group Killnet coordinated denial-of-service attacks disrupted public airport websites including Hartsfield-Jackson Atlanta and Los Angeles, with officials saying no internal systems or flight operations were affected. FBI and TSA were notified as IT teams work to restore services. Other airports on Killnet's list also reported outages. Experts call these disruptions common and largely superficial.
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