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Student Loan Caps Push Grad Borrowers to Private Lenders
TL;DR: Newsweek reported that new federal loan caps, in effect since July 1, are pushing graduate students toward private lenders. The lenders' own third quarter earnings back that up, and the detail…

Dimon: Why the Dollar Stays the Top Reserve Currency
TL;DR: JPMorgan CEO Jamie Dimon said the dollar will stay the world's top reserve currency as long as the U.S. keeps the strongest military and the strongest economy, according to Moneywise . He spok…

Fed's Daly: More Rate Hikes Likely as Inflation Stays High
TL;DR: San Francisco Fed President Mary Daly said Friday she expects the Fed will need to raise interest rates further, though the timing and size are undecided. The benchmark rate sits at 3.75% to 4…

Korea's $10B Nuclear Prepayment After the Midterms
TL;DR: South Korea has discussed paying up to $10 billion by year end for long lead reactor components, part of a plan of up to $120 billion for eight U.S. reactors. Democratic midterm wins that favo…

IBM Quantum System Two Now Running in Chicago
TL;DR: IBM's new Quantum System Two, now running at the University of Chicago's Hyde Park Labs, is the company's most advanced system available and its first quantum computer in Illinois, IBM says . …

Tech Stocks Plunge as Midterms Fuel AI Slowdown Fears
TL;DR: Global tech stocks fell sharply on Thursday as investors sold on fears that the U.S. midterm elections would slow AI development, according to AOL's copy of a BBC report . The Nasdaq sank 5.5%…
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