Good morning investors! Fear continues to rule as US-Iran exchange strikes.
Today we cover:
What to expect this week
US-Iran continue attacks
New student loan repayment program
📊 Economy and News
What to Expect this Week
Here’s what to keep an eye on this week:
Monday: Markets Prepare for a Busy Week
Markets begin the week after strong gains in the S&P 500 and Nasdaq, fueled by continued AI optimism. Investors are preparing for a packed week of economic data and earnings.
Tuesday: Inflation Data, Fed Testimony, and Bank Earnings
Tuesday is expected to be the week's biggest market-moving day.
Major events include:
June CPI report: Investors will look for signs inflation is cooling after May's 4.2% annual reading.
Fed Chair Kevin Warsh's testimony: Lawmakers are expected to question him on inflation, interest rates, and monetary policy.
Big bank earnings: JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, and Wells Fargo kick off earnings season, offering insight into lending, consumer spending, trading activity, and the broader economy.
Wednesday: Consumer and Travel Earnings
Attention shifts to earnings from consumer and airline companies.
Companies reporting:
Conagra Brands, providing insight into consumer demand and food pricing.
United Airlines, with investors watching travel demand, fuel costs, and its outlook for the rest of the year.
Thursday: AI, Healthcare, Aviation, and Streaming
Thursday features another busy slate of corporate earnings.
Key companies reporting: Taiwan Semiconductor Manufacturing (TSMC), UnitedHealth Group, GE Aerospace, Netflix
TSMC's results will offer an important update on AI chip demand, while Netflix investors will focus on subscriber trends and forward guidance.
Friday: Consumer Confidence
The week wraps up with the University of Michigan Consumer Sentiment Index, providing a fresh look at how Americans view:
Inflation
The labor market
Overall economic conditions
The report is closely watched as a gauge of consumer confidence and spending outlook.
Global hits:
Yen climbs as Japan considers nudging pension funds into domestic assets.
Egypt’s current account deficit doubles in first quarter.
US Postal Service raises stamp price to 82 cents.
Reminder: US Treasury bonds fall as Iran tensions raise inflation concerns.
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📈 Stocks
S&P 500 7,575.39 (+0.42%)
DJIA 52,637.01 (+0.29%)
NASDAQ 26,281.61 (+0.29%)
BRENT CRUDE 76.14 (-0.37%)
* Prices as of Jul 12th, 12:20 AM UTC
US-Iran Continue Attacks
The U.S. and Iran exchanged fresh missile and drone strikes over the weekend, escalating tensions around the Strait of Hormuz, one of the world's most important oil shipping routes.
Iran's Islamic Revolutionary Guard claimed it had closed the strait to all shipping "until further notice." However, U.S. President Donald Trump rejected that claim, stating the waterway remains open to commercial traffic and that U.S. forces are ensuring freedom of navigation.
Interesting: OpenAI CEO Sam Altman and SpaceX and Tesla CEO Elon Musk renewed attacks on X after Apple filed a lawsuit against OpenAI for alleged trade secret theft.
Surprising: Sixty-nine percent of Americans now support “forcing” AI firms to transfer 50% of their stock to a public sovereign wealth fund.
💵 Personal Finance
New Student Loan Repayment Plan Carries Strict Penalties for Late Payments
Federal student loan borrowers enrolled in the new Repayment Assistance Plan (RAP) could lose valuable benefits if they miss a payment—even by a single day.
Launched on July 1, RAP is an income-driven repayment plan that caps monthly payments at 1% to 10% of a borrower's income and offers loan forgiveness after 30 years. However, its key benefits depend on making payments on time.
Benefits You Could Lose
Borrowers who miss a payment deadline may forfeit:
Interest waiver: Any unpaid monthly interest will no longer be forgiven.
Principal match: The government may contribute up to $50 each month to reduce the loan principal, but only for on-time payments.
Progress toward loan forgiveness: Late payments won't count toward RAP's forgiveness timeline or the Public Service Loan Forgiveness (PSLF) program.
How to Avoid Losing Benefits
Experts recommend:
Enrolling in automatic payments, which also qualifies borrowers for a temporary 1% interest rate reduction through June 2028.
Updating your loan servicer if your income changes so your monthly payment can be adjusted.
Paying the exact amount due and on time, as overpaying could trigger a "pay ahead" status that may affect certain RAP benefits.
Education experts say RAP's penalties for late payments are stricter than previous income-driven repayment plans, making timely payments especially important for borrowers hoping to maximize the program's savings.
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