The Daily

(Bloomberg) — For decades, U.S. equity exchanges have hit the pause button every night, leaving markets shut for several hours. Come December, the lights will stay on much longer as the stock market shifts toward around-the-clock trading. 

Nasdaq, NYSE Arca, 24X National Exchange and Cboe EDGX have crafted plans to add an overnight session from 9 p.m.

 » Read more about: Sleepless on Wall Street: All-night stock exchanges coming soon  »

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Interest rates on student loans will increase significantly in 2027, affecting around 250,000 former students. Those required to repay their loans within 15 years will see the rate rise by almost one percentage point to 3.28 percent. For borrowers with a 35-year repayment period, the rate will increase by 0.37 percentage points to 2.7 percent.

 » Read more about: Hundreds of thousands will soon face higher student loan interest rates  »

The Reserve Bank of India (RBI) increased the repo rate from 5.25% to 5.50% in its Monetary Policy Committee (MPC) meeting today (Wednesday, October 7). Following this announcement, banks are expected to increase their fixed deposit (FD) interest rates over time.

Adhil Shetty, CEO, Bankbazaar, says some banks revise FD rates within a few days of an RBI policy change,

 » Read more about: Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits  »

The advertised rate is not necessarily the rate every borrower receives. A lender evaluates the applicant as well as the property being pledged before arriving at the applicable terms. Your credit history, income profile, existing debt and repayment capacity can all influence that assessment.

A stronger credit profile can indicate more consistent past repayment behaviour.

 » Read more about: Loan Against Property Interest Rate: What Should You Compare Beyond the Headline Rate?  »

 » Read more about: Is Vanguard Small-Cap Value Index Investor (VISVX) a Strong Mutual Fund Pick Right Now?  »

Energy has a reputation for boom and bust, yet a handful of large-cap names have quietly handed investors raises for decades straight while crude prices swung wildly. These four companies reveal how the sector’s biggest cash generators turn commodity chaos…

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Millions of Americans are receiving an unexpected $90 payment this week, leaving some Social Security recipients wondering why the money landed in their bank accounts and whether they qualify.

The payment is connected to Medicare, not a new monthly Social Security benefit.

More than 20 million Medicare beneficiaries are eligible for the one-time $90 payment,

 » Read more about: What is the $90 Social Security payment/deposit, and who gets it?  »

Indian benchmark indices ended sharply higher in the previous session, extending their rally for a second straight session. The 30-share BSE Sensex gained 685.34 points, or 0.95%, to settle at 73,067.81, while the 50-share NSE Nifty climbed 220.35 points, or 0.98%, to close at 22,776.10.

Buying in banking stocks and Reliance Industries,

 » Read more about: Stock Market Today Live Updates: BSE Sensex falls over 450 points, NSE Nifty50 holds near 22,600  »