Return-Path: Delivered-To: info@sterlingcal.com Received: from reseller401.webserversystems.com by reseller401.webserversystems.com with LMTP id IA4/Gjkol2N8tA8AchKAPA (envelope-from ) for ; Mon, 12 Dec 2022 07:10:17 -0600 Return-path: Envelope-to: info@sterlingcal.com Delivery-date: Mon, 12 Dec 2022 07:10:17 -0600 Received: from mail-wm1-f42.google.com ([209.85.128.42]:54085) by reseller401.webserversystems.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256 (Exim 4.94.2) (envelope-from ) id 1p4iZU-004K9q-Og for info@sterlingcal.com; Mon, 12 Dec 2022 07:10:17 -0600 Received: by mail-wm1-f42.google.com with SMTP id ja17so2325577wmb.3 for ; Mon, 12 Dec 2022 05:10:11 -0800 (PST) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20210112; h=list-unsubscribe:to:subject:message-id:mime-version:from:date :dkim-signature:dkim-signature:delivered-to:x-gm-message-state:from :to:cc:subject:date:message-id:reply-to; bh=3BfTUnkijS+fU4C8YR1z46qCA6mM36SBn5tlHgho++k=; b=BQQVIW56BkL1c/rQ6j82SkihcS7YsAEqLiR9XRcm4/MNxVbDd8Q0bL6d9VS3Ms4dud IdaBMN25wiZ282y1pV5xAzyJAgjEQKTRhh5mKZLeLaqekK37TULM4VGCcq7UdTN0yh4x /vu6hkfNO5BBXwewlQAI0a4RboyqUOoPOSeCwgKJufCIAawsrVljyGT7IN4Uyu3v3Tz7 4KtLWJ2R/evBBYQE6SE1BqnzHuP5cfKI7LUFUvpV65p9khC0v1rWoEaXg6TFwwb+JiKg bSJ/6R2dcvA3h3TOMXXvI+pTr1HfI6DD1edlzu0oKlCiMlt9qb9vhd6GxpWLhw+DVF4k +qkA== X-Gm-Message-State: ANoB5pmcZWvpgE5UKNA2/D/oi8V4O22Gn+NPtdq99wJHZnMRJz/f3aZP J2vMiehnYbb0EBb+6sAp+uYPX8thz7DJ5D6T5TXGreyDfMx3OF8IzA== X-Received: by 2002:a05:600c:35c7:b0:3cf:7dc1:f432 with SMTP id r7-20020a05600c35c700b003cf7dc1f432mr71078706wmq.148.1670850605065; Mon, 12 Dec 2022 05:10:05 -0800 (PST) X-Forwarded-To: info@sterlingcal.com X-Forwarded-For: sterlingwhg@gmail.com info@sterlingcal.com Delivered-To: sterlingwhg@gmail.com Received: by 2002:adf:a452:0:0:0:0:0 with SMTP id e18csp10622099wra; Mon, 12 Dec 2022 05:10:02 -0800 (PST) X-Google-Smtp-Source: AA0mqf7/G5fXpoSb9EFuWw5BIw71N7eR1MqeeZFbuMMU/Kt6fPliNxhFQ2FLBP+dTUhOsaXV2uc7 X-Received: by 2002:a05:6808:151e:b0:359:f10d:585e with SMTP id u30-20020a056808151e00b00359f10d585emr9660454oiw.19.1670850602126; Mon, 12 Dec 2022 05:10:02 -0800 (PST) ARC-Seal: i=1; a=rsa-sha256; t=1670850602; cv=none; d=google.com; s=arc-20160816; b=CheE1Nz3MoFLQPcgf7CAtvA7FIHGvhg7fveSMk4vRzcr8iAAd6nYkrNYaHFRPSH7gp rMe+pd3MlR6/VG4Uvy0BrguvHh9CDYGo1UwjPqnWQsvG1scT3YPq1xskghdOEyVedKf3 uA/OZ+Xw80sfBjycWAwlV19ib0hgxuohpHgT7ebyHmVxZ5xAn8dkz8NdIvI+hFPLVi1A 27x8cyOqOscD3IqNdmMZ7jSJVVcVWzMaxX4iXx51PWW9W2277qw2ybewjRe6202bHUBt juFq8mTr3/DjBOvZYScqgOVa3tI/pikQE7W3AB16puSdHU59wugMzoh6IUJimdgxnOUW XpOQ== ARC-Message-Signature: i=1; a=rsa-sha256; c=relaxed/relaxed; d=google.com; s=arc-20160816; h=list-unsubscribe:to:subject:message-id:mime-version:from:date :dkim-signature:dkim-signature; bh=3BfTUnkijS+fU4C8YR1z46qCA6mM36SBn5tlHgho++k=; b=G8mCV8t6pTJBEvhMNhEJqdsdz/7yMcml8qVgVWRgAxHOnBc3bXofMeU8Qj4OYTwZwm cVmWW73uPK5B/sXSmlQqUq8CgC8iv+VxhYzkQshjy89f0tE3Og0HKSUP5zbMJgCxKjbh UWRqCMzTvhrxcdpxfR9atvmqRLpPMOT9Fjvg56KjGjmF2e0+rrQ7Ts7ysH4PDKJYw0Cr qElyKRZN2if4rUtl8FaP5XvBSuuK5FzGyHMW92hLT9sp3OhVaFoesAOypzZhaXMJ6LXV ANFiatSDGlGix9gkXZxTqsjTMGuY0Dk57sjWqLfngRZuQu42tSuaS2jYI568pjILEV4u 9olA== ARC-Authentication-Results: i=1; mx.google.com; dkim=pass header.i=@robinhood.com header.s=s1 header.b=l0Tk68+u; dkim=pass header.i=@sendgrid.info header.s=smtpapi header.b=vWiL7SA9; spf=pass (google.com: domain of bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com designates 168.245.120.19 as permitted sender) smtp.mailfrom="bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com"; dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com Received: from o10.email.robinhood.com (o10.email.robinhood.com. [168.245.120.19]) by mx.google.com with ESMTPS id bh20-20020a056808181400b0035bb57bd14esi6576513oib.283.2022.12.12.05.10.01 for (version=TLS1_3 cipher=TLS_AES_128_GCM_SHA256 bits=128/128); Mon, 12 Dec 2022 05:10:02 -0800 (PST) Received-SPF: pass (google.com: domain of bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com designates 168.245.120.19 as permitted sender) client-ip=168.245.120.19; Authentication-Results: mx.google.com; dkim=pass header.i=@robinhood.com header.s=s1 header.b=l0Tk68+u; dkim=pass header.i=@sendgrid.info header.s=smtpapi header.b=vWiL7SA9; spf=pass (google.com: domain of bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com designates 168.245.120.19 as permitted sender) smtp.mailfrom="bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com"; dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=robinhood.com; h=content-type:from:mime-version:subject:x-feedback-id:to: list-unsubscribe:cc:content-type:from:subject:to; s=s1; bh=3BfTUnkijS+fU4C8YR1z46qCA6mM36SBn5tlHgho++k=; b=l0Tk68+uWwRAaMWi/Rguig7yvXsCRANmC6aA98gtPYum6CVhrcnjqKXvYnGz9LNOgUbd PPZJGmJaVSd2+Rx3UGojFZJCinu1ppPsFhhJ+A2D/YVALT2tacxHv92lPrDTvJhrQgamXU jf8g0RbqzuF4+cu6KS++qLYlmB5y2KzHQtkiTC7XWCxx4yEVphhsKUuQoiW5U3AsrGFtEO 3yUTv5AVatYBbdAmCS1pXiImrVqnWUYlnUDhgl5/VKc9q9M+8UYtlh5Nx/RtbvJ0mIZFvl kCB1gQWZHUoqRbMd45GYM7NhRxK7dnTJh6GqRfuSHhYw0Vv2GVgGtBSquSHIToAg== DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=sendgrid.info; h=content-type:from:mime-version:subject:x-feedback-id:to: list-unsubscribe:cc:content-type:from:subject:to; s=smtpapi; bh=3BfTUnkijS+fU4C8YR1z46qCA6mM36SBn5tlHgho++k=; b=vWiL7SA99HnbeMm5yg8iV3yLuWPfCjZcoCKPd778CKX6IQZJ4bAXw6NNeCO1gEe5EVV2 8je/gL971i5tHnVJM9HedYA3fNSjdclQx+tLj2HVAvTPEkzY1vfuBSwuM63kuWj8KEWwyR RKAxTXMNev3/C3aiQ3oz6ZPq9PHRHXucs= Received: by filterdrecv-7489bcffdc-6dzjw with SMTP id filterdrecv-7489bcffdc-6dzjw-1-63972828-10B 2022-12-12 13:10:01.038845576 +0000 UTC m=+2124268.867723656 Received: from NjYzMDc3MQ (unknown) by geopod-ismtpd-3-0 (SG) with HTTP id B-CBA4ynRs-Tt-8K6HWsvg Mon, 12 Dec 2022 13:10:00.908 +0000 (UTC) Content-Type: multipart/alternative; boundary=33e5d16f2c8fe63a4a726f78a94bd5891e6401c1faa89ed761bacf9a5a19 Date: Mon, 12 Dec 2022 13:10:01 +0000 (UTC) From: Robinhood Snacks Mime-Version: 1.0 Message-ID: Subject: =?UTF-8?B?8J+Okw==?= Student loan forgiveness limbo X-Feedback-ID: 6630771:SG X-SG-EID: =?us-ascii?Q?JD1WbddfoCN9JDT0g4N+Wc0+ThLKrMPOV3sdUVZ4xRe8fjGgw7P91rV+6xnLKL?= =?us-ascii?Q?MzcrxZPvF2Wm0UGkOpMK9GinzC+pHK0QVEkI9j4?= =?us-ascii?Q?eS55ygTFslRFDfEGRWUERlCwbqg7jmuOGwU27nV?= =?us-ascii?Q?y=2FbnydJ8S=2FOZQu3TgmABKOlM664q198+jNg=2FMIH?= =?us-ascii?Q?Vbk9SA7iGHkxUfECstJE0YefmLyVmd2kr+xT8Z0?= =?us-ascii?Q?enSyRMiBdIpZDxu3tS5e7S8hTb81Q76OHrP0C2?= X-SG-ID: =?us-ascii?Q?N2C25iY2uzGMFz6rgvQsb8gJDigq4BUd++5ZlVFWUaMf3vHRGNRcBkUYq+kBLq?= =?us-ascii?Q?M1z8XsxOZgO9VMSgY7AqCbbHs5YdmLP9AdphkkZ?= =?us-ascii?Q?rVrX=2F7u54T3p9wDtNacsYXwktx7Gld4hzNlFm+1?= =?us-ascii?Q?3qrll+4nvV2P+4kL6Sw8u89cqTDsRW51CnwyD9p?= =?us-ascii?Q?dJr++2NCH1hv2DrS3QmkcWJ+XajmEshaMfvwm97?= =?us-ascii?Q?dn0O6RiqtSrajyue8MUE6tYhzhi+K5NRgsRmcOW?= =?us-ascii?Q?llV384m3HQ82rET=2FsgNqT5A2VwWjby21R2S99q3?= =?us-ascii?Q?XgEUYeFRiR00ds7svqsxv70r=2FIOKemTO8gGNs0U?= =?us-ascii?Q?0B1QGBtE+KJHkVftH9JtkWstO0hCE7dNnJ3sJi8?= =?us-ascii?Q?7d6jRaj1i72nQcDw+bz8CotNWhBfmdpekMjla4I?= =?us-ascii?Q?O9dC9zArZEaA7jR6M5EDVZrF6PBpgV4JOK4L=2FjH?= =?us-ascii?Q?VuVYX8YvpirJtG3q2w=3D=3D?= To: sterlingwhg@gmail.com X-Entity-ID: zye8UXqvUGcUF9ZcIbeLwg== List-Unsubscribe: =?us-ascii?Q?=3Cmailto=3Aunsubscribe=40sg-email=2Erobinhood=2Ecom=3Fsubject=3Dhttps=3A=2F=2Fsg=2E?= =?us-ascii?Q?robinhood=2Ecom=2Fwf=2Funsubscribe*q*upn=3DmEXt?= =?us-ascii?Q?VTh2BuIW7T5QWYgW7Yuh84onS7o4oGAxJrsr639?= =?us-ascii?Q?wxGzq5TjP3B1E-2BJAbKQ9knpTTzTnD98oOWwVl?= =?us-ascii?Q?gC-2BY2SlbFLLbOqAlFLuf1EaQfIKx1Rq5TDaGN?= =?us-ascii?Q?uloKzcA2SErssSbAuAE2n04-2Bk-2BY8mAvYi1K?= =?us-ascii?Q?JDbOm5Rdv6-2BuuDWW5y1TvdMtKF-2Fdm9fIUb-?= =?us-ascii?Q?2BCi8iRrLV0ZdCmWZUC6-2Fk1rwW-2FUChvHwKK?= =?us-ascii?Q?P7iu0W9w4ZxOdqgXWQi-2FCum7jkD5sdDpRG7IY?= =?us-ascii?Q?QocSQb1J8KNCYIL8cdw462LujGFMDo7ky1NP2e5?= =?us-ascii?Q?BqLpEobudgFeSyNTY4gQdfE5S1d-2FgoCw93H3d?= =?us-ascii?Q?4yX6cm2tkzaM4UkslsGiS79nFIPUxchNX9n4qfG?= =?us-ascii?Q?-2Fqn9402AqmtC9ftOKSfwhRjFmVQIHJuFOzV9H?= =?us-ascii?Q?3aaHXa-2B5QPn2WRPKsB763ZRbWiVlLmSJPnck4?= =?us-ascii?Q?gYHe5xjClI5Qcd6kJXcdK2tpEGzpJBdPgwo-2BQ?= =?us-ascii?Q?kZ28lW3cZC7Z0-2FPM-2Bl1O6MM2VPBh1A9Mt0V?= =?us-ascii?Q?p5Cb2n-2FjiJR-2BW42n9V-2BQQpXMNpPBUQhyO?= =?us-ascii?Q?1qmD3k3aaqvakaAUjU8WsUmSXYHKhKLQyaFBhm6?= =?us-ascii?Q?lOVRzOjIDjr-2BsOFJfC7FTH0eQYCqAUDUHWZJd?= =?us-ascii?Q?UyCZEKgMGrwX0J9H4rM5eTxkk6CuL33pqM1o5zk?= =?us-ascii?Q?JJ9Os55WBxk-2FgnQnQ-3D=3E?= --33e5d16f2c8fe63a4a726f78a94bd5891e6401c1faa89ed761bacf9a5a19 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Mime-Version: 1.0 <= !--
=E2=80=A6it=E2=80=99s all in the Su= preme Court=E2=80=99s court
<= /tbody>
= Disclosures
 =

Supremely high tuition problem= s (Saul Loeb/Getty Images)

R= 02;
Last Week=E2=80=99s Market Moves=
 
Dow Jones33,476 (-2.77%)S&P 500
3,934 (-3.37%)		Nasdaq
11,005 (-3.99%)		Bitcoin
<= span style=3D"font-weight: 700;">$17,163 (+0.41%)
Dow Jones
33,476 (-2.77%)		S&P 500
= 3,934 (-3.37%)=
Nasdaq
11,005 (-3.99%)		Bitcoin
$17,163 (+0.41%)
=
<= /div>
<= /table>

Hey Snackers,

South Ko= rea is known for incredible skincare products, but now the country has foun= d an antiaging solution that=E2=80=99s more effective than 20-step moisturi= zing routines: pass a new law that makes all citizens officially= younger.

The Dow had its worst week since September after strong job= data + higher-than-expected November wholesale prices raised fears of long= er-lasting rate hikes. This week, investors have eyes on November consumer = price #s and the Fed=E2=80=99s rate meeting.

<= strong>Btw... Do you want to start getting Snacks daily? Or prefer= to unsubscribe? Manage your subscription preferences here.

Cancel
<= /table>
<= td align=3D"center" class=3D"light" style=3D"font-size:0px;padding:10px 25p= x;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-= break:break-word;">

Student loan forgiveness is in SCOTUS=E2= =80=99s hands as Biden=E2=80=99s plan hits roadblocks

Candy or coal=E2=80=A6 Student loan borrowers a= re holding their breath to see if they=E2=80=99ll actually get loan forgive= ness in the new year. Refresher: a few weeks before midterms, President Bid= en announced that the Education Department would forgive $10K in federal lo= an debt for people making under $125K/year and $20K for Pell Grant recipien= ts.

  • The plan would cost the US $400B and cover most of the 45= M borrowers who owe $1.6T in loan debt (with 15M getting fully absolved).
  • The hold-up: Six GOP= -led states brought a case against the plan, and the US Supreme Court agree= d to take it after the DOJ asked it to reverse an injunction that blocks th= e program from taking effect.
  • The status: On pause. 26M borrowers have already applied for rel= ief and some have been approved, but servicers have been blocked from cance= ling loans. Borrowers who haven=E2=80=99t yet applied currently don=E2=80=99t have the opti= on. Meanwhile, loan payments have been paused since March 2020.
  • Next steps: SCOTUS is set to h= ear arguments in February to help it decide whether the forgiveness policy = is an overreach of executive power or if it causes harm to plaintiffs. Some= experts think the conservative-majority court wi= ll rule it as unconstitutional.

Ball=E2=80=99s in your = Court=E2=80=A6 As the final arbiter, SCOTUS=E2=80=99s charge is to= uphold and interpret the Constitution. Historically, the court has typical= ly ruled in line with public opinion. But in a recent Economist-YouGov poll= , 51% of respondents said they support Biden=E2=80=99s relief plan while 40= % were opposed. Critics worry it=E2=80=99ll exacerbate inflation and penali= ze those who=E2=80=99ve already paid off debt. Supporters say it=E2=80=99ll= help money-strained Americans get by =E2=80=94 while progressives want can= cellation of all $1.6T in student debt.

<= /tr>
THE TAKEAWAY

Student loans are = a Sisyphean struggle=E2=80=A6 Just as the mythical Sisyphus had to= roll a boulder uphill only to have it roll down again for eternity, loans = will keep piling up forever unless a key issue is resolved: college (in)aff= ordability. One-time forgiveness would be a much-needed relief for millions= , but it won=E2=80=99t fix the long-term problem: college tuition has jumpe= d 5X more than inflation in the past half century.

<= /tr>
<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Events
<= /td>
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Coming up this week...

Broken (rate) record=E2=80=A6 Investors grew antsy last week after strong labor-market data stoked fear= s that the Fed could continue hiking interest rates well into next year. Re= fresher: America=E2=80=99s central bank is expected to raise rates by a hal= f percentage point on Wednesday, a slowdown from the past four =E2=80=9Cjum= bo=E2=80=9D hikes of 75 basis points. Inflation has started to ease, but a = still hot jobs market coupled with resilient spending could prompt Fed Chai= r Powell to lengthen his rate-hiking campaign. That could boost the likelih= ood of financial pain next year.

Never-ending soup and salad= =E2=80=A6 none of the clean-up. Dining out is having a moment as u= neven food inflation makes eating at restos a relative bargain com= pared to cooking at home. That could benefit Olive Garden parent Darden Restaurants, which also owns Lon= gHorn Steakhouse. In its last reported quarter, the faux-Italian icon saw s= ales rise 6% from last year, but still disappointed expectations. We'll= see whether there=E2=80=99s a festive light at the end of the breadstick w= hen Darden reports Friday.

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Zoom Out
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Stories we=E2=80=99re wat= ching...

A fresh breath=E2=80=A6 Zero Covid is becoming a little less zero. Last week, China started = loosening strict Covid rules that had kept the country in alternating state= s of lockdown for nearly three years. The decision followed rare public pro= tests and economic turmoil (think: shuttered businesses, slowing growth, an= d disruptions to Foxconn's key iPhone-assembling facto= ries). Now China=E2=80=99s scrapped most testing and quarantine requirement= s. But its socially distant policies may=E2=80=99ve contributed to low immu= nity, and experts fear outbre= aks could surge again.

Fillin=E2=80=99 up the tank=E2=80= =A6 all the way to the top. Last week, crude-oil prices hit their = lowest level of the year as global demand slipped. Despite OPEC production = cuts in October and Europe=E2=80=99s Russian-oil ban, investors have been s= keptical about buying the energy dip with recession fears looming. Meanwhil= e, natural-gas prices are down more than 35% since August, as warmer winter= weather and inflated utility bills keep people from cranking the heat. Sti= ll, if OPEC keeps extending output cuts (or China demand rebounds), it coul= d drive prices higher down the road.

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">ICYMI
= <= /table>

Last week's highlights.= ..

  • Shop: Walm= art's CEO said a rise in shoplifting could lead to price h= ikes and store closures. Retailers like = Target are bulking up security after losing hundreds of millio= ns from organized retail theft.
  • CGPT: OpenAI=E2=80=99s impressive new chatbot is causing shock, awe, e= nthusiasm, and concern (think: that it=E2=80=99ll replace creative labor an= d kill homework). Meanwhile, the =E2=80=9Cgenerative AI=E2=80=9D industry i= s booming.
  • Fly: Delta agreed to boost pilots=E2=80=99 pay in a $= 7B+ deal that could end years of contract negotiations =E2=80=94 and pressu= re rivals to hike wages. It could have consequences for airlines if travel = demand sinks.

What else we're Snackin'
  • Chic: As more gamers glam up their avatars in the met= averse, digital fashion retailers are gaining attention with everything fro= m $5 rose-covered bucket hats to $1.5K intergalactic gowns.
  • AI-rt: = Photo-editing app Lensa is taking off as people spend $7 f= or customized AI art (think: Van Gogh-style self-portraits). But critics sa= y the bot-generated images exploit the work of millions of unpaid artists.<= /li>
  • Play: It could be the beginning of streaming price = hikes: to meet investors' growth expectations, streamers are laser focu= sed on boosting revenue, both from subs and ads (think: Netflix=E2=80=99s new tier).
<= tbody>
<= /tr>
Want your Snacks daily?
The Daily Newsletter
Get fresh takes on financial news every week day. Try a sa= mple:

=F0=9F=8D=9F McDonald=E2=80=99s app-y holidays =E2=80=A2 D= ec 9, 2022
=F0=9F=92=AC ChatGPT enters the chat =E2=80=A2 Dec 8, 2= 022
=F0=9F=94=93 Walmart=E2=80=99s shoplifting problem = =E2=80=A2 Dec 7, 2022

Subscribe to the Daily
=
<= /table>
<= /tr>
Snack Fact Of t= he Day
The US is the w= orld=E2=80=99s largest producer, consumer, and exporter of corn

<= /table>
This Week
  • Monday: Earnings expected from Oracle and Coupa Softwa= re
  • Tuesday: November consumer price index. Earnings expected from Braze
  • Wednesday: Fed = rate hike meeting. Earnings expected from Lennar, = Trip.com, and Planet Labs
  • Thursday: Jobless claims. Earnings expecte= d from Adobe and Jabil
  • Friday: Earnings expected from Accenture, Darden, and Winnebago

Authors of this Snacks own: shares of Delta, Disney, and Wal= mart

ID: 2634203

SIPC) and do not reflect the views of Robinhood Markets, = Inc. or any of its subsidiaries or affiliates. They are for informational p= urposes only, and are not a recommendation of an investment strategy or to = buy or sell any security, digital asset (cryptocurrency, etc) in any accoun= t. They are also not research reports and are not intended to serve as the = basis for any investment decision. Any third-party information provided the= rein does not reflect the views of Robinhood Markets, Inc., Robinhood Finan= cial LLC, or any of their subsidiaries or affiliates. All investments invol= ve risk including the loss of principal and past performance does not guara= ntee future results.
<= /td>
To unsubscribe from all commercia= l emails, click here
--33e5d16f2c8fe63a4a726f78a94bd5891e6401c1faa89ed761bacf9a5a19 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
=E2=80=A6it=E2=80=99s all in the Su= preme Court=E2=80=99s court
<= /table>
<= /td>Disclosures
=
 

Supremely high tuition problems (Saul Loe= b/Getty Images)

 
= =
Last Week=E2=80=99s Market Moves
 
Dow Jones
33,476 (-2.7= 7%)		S&P 500
3,934 (-3.37%)		Nasdaq
11,0= 05 (-3.99%)		Bitcoin
$17,163 (+0.4= 1%)
=
Dow Jon= es
33,476 (-2.77%)		S&P 500
3,934 (-3.37%)
Nasdaq
11,005 (-3.9= 9%)		Bitcoin
$17,163 (+0.41%)
<= /table>

Hey Snackers,

South Korea i= s known for incredible skincare products, but now the country has found an = antiaging solution that=E2=80=99s more effective than 20-step moisturizing = routines: pass a new law that makes all citizens officially younger.

The Do= w had its worst week since September after strong job data + higher-than-ex= pected November wholesale prices raised fears of longer-lasting rate hikes.= This week, investors have eyes on November consumer price #s and the Fed= =E2=80=99s rate meeting.

Btw... Do you want to start getting Snacks daily? Or prefer to unsubscribe? Man= age your subscription preferences here.
3D""
=
Cancel
<= /table>
=
<= p>Student loan forgiveness is in SCOTUS=E2=80=99s hands as Biden=E2=80=99s = plan hits roadblocks

Candy or coal= =E2=80=A6 Student loan borrowers are holding their breath to see i= f they=E2=80=99ll actually get loan forgiveness in the new year. Refresher:= a few weeks before midterms, President Biden announced that the Education = Department would forgive $10K in federal loan debt for people making under = $125K/year and $20K for Pell Grant recipients.

  • The plan would= cost the US $400B and cover most of the 45M borrowers who owe $1.6T in loa= n debt (with 15M getting fully absolved).
  • The hold-up: Six GOP-led states brought a case again= st the plan, and the US Supreme Court agreed to take it after the DOJ asked= it to reverse an injunction that blocks the program from taking effect.
  • The status: On pause.= 26M borrowers have already applied for relief and some have been approved,= but servicers have been blocked from canceling loans. Borrowers who haven= =E2=80=99t yet applied currently don=E2=80=99t have the option. Meanwhile, loan payments have = been paused since March 2020.
  • Next steps: SCOTUS is set to hear arguments in February to help = it decide whether the forgiveness policy is an overreach of executive power= or if it causes harm to plaintiffs. Some experts think the cons= ervative-majority court will rule it as unconstitutional.

Ball=E2=80=99s in your Court=E2=80=A6 As the final arbiter, SCO= TUS=E2=80=99s charge is to uphold and interpret the Constitution. Historica= lly, the court has typically ruled in line with public opinion. But in a re= cent Economist-YouGov poll, 51% of respondents said they support Biden=E2= =80=99s relief plan while 40% were opposed. Critics worry it=E2=80=99ll exa= cerbate inflation and penalize those who=E2=80=99ve already paid off debt. = Supporters say it=E2=80=99ll help money-strained Americans get by =E2=80=94= while progressives want cancellation of all $1.6T in student debt= .

THE TAKEAWAY

Student loans are a Sisyphean struggle=E2= =80=A6 Just as the mythical Sisyphus had to roll a boulder uphill = only to have it roll down again for eternity, loans will keep piling up for= ever unless a key issue is resolved: college (in)affordability. One-time fo= rgiveness would be a much-needed relief for millions, but it won=E2=80=99t = fix the long-term problem: college tuition has jumped 5X more than inflatio= n in the past half century.

<= /tr>
<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Events
<= /td>
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Coming up this week...

Broken (rate) record=E2=80=A6 Investors grew antsy last week after strong labor-market data stoked fear= s that the Fed could continue hiking interest rates well into next year. Re= fresher: America=E2=80=99s central bank is expected to raise rates by a hal= f percentage point on Wednesday, a slowdown from the past four =E2=80=9Cjum= bo=E2=80=9D hikes of 75 basis points. Inflation has started to ease, but a = still hot jobs market coupled with resilient spending could prompt Fed Chai= r Powell to lengthen his rate-hiking campaign. That could boost the likelih= ood of financial pain next year.

Never-ending soup and salad= =E2=80=A6 none of the clean-up. Dining out is having a moment as u= neven food inflation makes eating at restos a relative bargain com= pared to cooking at home. That could benefit Olive Garden parent Darden Restaurants, which also ow= ns LongHorn Steakhouse. In its last reported quarter, the faux-Italian icon= saw sales rise 6% from last year, but still disappointed expectations. We&= #39;ll see whether there=E2=80=99s a festive light at the end of the breads= tick when Darden reports Friday.

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Zoom Out
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Stories we=E2=80=99re wat= ching...

A fresh breath=E2=80=A6 Zero Covid is becoming a little less zero. Last week, China started = loosening strict Covid rules that had kept the country in alternating state= s of lockdown for nearly three years. The decision followed rare public pro= tests and economic turmoil (think: shuttered businesses, slowing growth, an= d disruptions to Foxconn's key iPhone-assembling facto= ries). Now China=E2=80=99s scrapped most testing and quarantine requirement= s. But its socially distant policies may=E2=80=99ve contributed to low immu= nity, and experts fear o= utbreaks could surge again.

Fillin=E2=80=99 up the tank= =E2=80=A6 all the way to the top. Last week, crude-oil prices hit = their lowest level of the year as global demand slipped. Despite OPEC produ= ction cuts in October and Europe=E2=80=99s Russian-oil ban, investors have = been skeptical about buying the energy dip with recession fears looming. Me= anwhile, natural-gas prices are down more than 35% since August, as warmer = winter weather and inflated utility bills keep people from cranking the hea= t. Still, if OPEC keeps extending output cuts (or China demand rebounds), i= t could drive prices higher down the road.

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">ICYMI
= <= /table>

Last week's highlights.= ..

  • Shop: Walmart= 9;s CEO said a rise in shoplifting could lead to price hikes a= nd store closures. Retailers like Targe= t are bulking up security after losing hundreds of millions fr= om organized retail theft.
  • <= a href=3D"https://sg.robinhood.com/ls/click?upn=3D6fntGirSE5selsQKrSSUHvD1b= oXzg2LnBS3-2Fj-2FyVcTZ2WN92delmcdd0QAL2cOJYr3qlE24qv5ZCB0y9s-2Fv8-2FY2pF53n= lMPxITw35pqjECObA99ZTxiBCfDMQmnZ0sE23Lzt9bSQKpRSbRWCZFuhqQ-3D-3DoTzJ_y6r4Y-= 2Fjyz39fUgiIVZvxszI1-2BOksX762wK6L32M97xgJ-2FnBU-2Fpq1oGUBER66ULtnjPyWrgfbq= XSfn6X3ud9fdGMAUDlMdWwXYL3AYn3c4IDxcDdqrhNK1frY9OWqumtcr0MRbWda2jWajUo4qC3o= VOTgba4y-2BGuN5Ienh1XCn0badj5JBycxEklxFP84Z13X041fMpz2dNUhsz4sgqmMI1Ghc9fuF= niaAgVzkr0ouyb2JdoUsLei2TmpMHdlYtiuu0-2B8Y5-2BG33ICTHq-2BMTMLn-2FLhb927aAcZ= CjFKU8nwOWg33NHav20DFp4ouauyfbIqFzJVPlDxLQEzNaW2XgxhxsHoUXWySbLI2OUihvHHf7l= pZfAM-2B86yFa6Aew7kdkOoZ91VyRm-2FGKtclvk4FisdhfzND0XWHCj2PpbNUJK4tCJxbDUtkb= 7UL03LcBUC-2BqvEMQ81LoGt6h7g0EuDs3bFCXaFy5QnzRlb-2Bj3BETNFyW4C9W-2Bu4YGvQg-= 2FYCHK61YrwRgBfGpZ0npnhjYcVYCxcaesKrd1WocLmnzhV0ZYUTXhNXNM3aRB7ZXFg5aj-2Fc1= sJ7acnL9XsFVkvoe55X-2FSq41JXuJtk23JBXRwghtCA8sr-2B-2FEklVdCHmQTSrrTO623p00H= xLhhsD9OmbMq239xfGQ-3D-3D" style=3D"color: rgb(0, 200, 5); text-decoration:= underline; font-weight: bold; text-decoration-thickness: 2px; text-underli= ne-offset: 1px;" target=3D"_blank" rel=3D"noopener">CGPT: OpenAI=E2=80=99s impressive new chatbot is causing shock, awe,= enthusiasm, and concern (think: that it=E2=80=99ll replace creative labor = and kill homework). Meanwhile, the =E2=80=9Cgenerative AI=E2=80=9D industry= is booming.
  • Fly: Delta agreed to boost pilots= =E2=80=99 pay in a $7B+ deal that could end years of contract negotiations = =E2=80=94 and pressure rivals to hike wages. It could have consequences for= airlines if travel demand sinks.

What else we're Snackin'
  • Chic: As more gamers glam up their avatars in the me= taverse, digital fashion retailers are gaining attention with everything fr= om $5 rose-covered bucket hats to $1.5K intergalactic gowns.
  • AI-rt: Photo-e= diting app Lensa is taking off as people spend $7 for cust= omized AI art (think: Van Gogh-style self-portraits). But critics say the b= ot-generated images exploit the work of millions of unpaid artists.
    • Play: It could be the beginning of streaming pr= ice hikes: to meet investors' growth expectations, streamers are laser = focused on boosting revenue, both from subs and ads (think: Netflix=E2=80=99s new tier).<= /li>
Want your Sn= acks daily?
=
The Daily Newsletter
Get fresh takes on= financial news every week day. Try a sample:

=F0=9F=8D=9F McDonal= d=E2=80=99s app-y holidays =E2=80=A2 Dec 9, 2022
=F0=9F=92=AC ChatGPT enters the chat =E2=80=A2 Dec 8, 2022
=F0= =9F=94=93 Walmart=E2=80=99s shoplifting problem =E2= =80=A2 Dec 7, 2022

Subscribe to the Daily
<= /table>
Snack Fa= ct Of the Day

The US i= s the world=E2=80=99s largest producer, consumer, and exporter of corn
<= /table>
This Week
  • Monday: Earnings expected from Oracle and Coupa Softwa= re
  • Tuesday: November consumer price index. Earnings expected from Braze
  • Wednesday: Fed = rate hike meeting. Earnings expected from Lennar, = Trip.com, and Planet Labs
  • Thursday: Jobless claims. Earnings expecte= d from Adobe and Jabil
  • Friday: Earnings expected from Accenture, Darden, and Winnebago

Authors of this Snacks own: shares of Delta, Disney, and Wal= mart

ID: 2634203

=
To unsubscribe from all commercial emails, click here
--33e5d16f2c8fe63a4a726f78a94bd5891e6401c1faa89ed761bacf9a5a19--