Trump admin begins student loan wage garnishing, copper hits high

This post was originally published on this site.

00:01 Speaker A

It’s time for Yahoo Finance’s Market Minute. US stocks aim for another day of gains after notching a third consecutive win.

00:06 Speaker A

Investors weighing bets on interest rate cuts as fresh data showed surprisingly strong US economic growth.

00:11 Speaker A

Consumers though remaining pessimistic about the current state of the economy.

00:15 Speaker A

Turning to mining companies, those stocks rallying as copper breaches a record. The metal crest at 12,000 per ton for the first time.

00:21 Speaker A

The all-time high comes as President Trump’s tariff policies and a string of mine accidents have roiled supply chains.

00:27 Speaker A

And lastly, the Education Department is reportedly set to start seizing pay of defaulted student loan borrowers.

00:33 Speaker A

The department expects the first notices to be sent the week of January 7th.

00:37 Speaker A

During that time, notices are to be sent to about 1,000 borrowers.

00:41 Speaker A

And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks for the trading session.