From Yahoo Finance: 2025-05-11 11:01:00

default on the loan,” Jensen stated. “It is important for borrowers to understand the terms of forbearance agreements and the potential impacts on their credit and overall financial health.”

“Amortization is the process of spreading out loan payments over time,” Jensen clarified. “This means that each payment covers both the interest on the loan and a portion of the principal amount owed. As time goes on, the portion of the payment that goes towards the principal increases, reducing the overall amount owed.”

1. The stock market reached new record highs today, with the S&P 500 closing at 4,500 points and the Dow Jones Industrial Average surpassing 35,000 points for the first time. This surge was driven by strong corporate earnings reports and positive economic data.

2. In international news, tensions are escalating between Russia and Ukraine as Russia continues to amass troops near the Ukrainian border. The United States and European Union have expressed concern over the situation, calling for a peaceful resolution to the conflict.

3. The latest COVID-19 data shows a slight increase in cases in some states, sparking concerns about the Delta variant and the effectiveness of vaccines. Health officials are urging the public to continue practicing safety measures such as mask-wearing and social distancing to prevent the spread of the virus.



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