Stock Markets
Application Window Now Open for Sallie Mae Completing the Dream Scholarshi
The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, Providing up to $500,000 in Scholarships for Academic Year 2024-2025
NEWARK, Del.–(BUSINESS WIRE)–The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund, is again awarding 200 Completing the Dream scholarships worth up to $500,000 to help students from underserved and underrepresented communities complete their higher education. Applications are being accepted until all scholarship funds are awarded or by December 6, 2024.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603078384/en/
The Completing the Dream Scholarship offers students from historically underserved communities up to $2,500 to cover unexpected costs that can be obstacles to college completion. Eligible students must be on track to complete their program during the academic year 2024-2025 at a two-or four-year college, career training, or other post-secondary education program and maintain good academic standing.
The Completing the Dream Scholarship has been a transformative force in my academic journey, propelling me to new heights, expanding my network, and opening doors to a world of incredible opportunities, said Tyree Thomas, one of last year’s Completing the Dream scholarship recipients who recently graduated from Tuskegee University.
Since 2021, the Completing the Dream Scholarship program has eliminated nearly $2 million in unexpected costs for students, 98% of whom attend or have attended Historically Black Colleges or Universities (HBCUs).
The Completing the Dream Scholarship continues to help ensure more students from historically underrepresented communities cross the finish line, said Dr. Harry Williams, president and chief executive officer, Thurgood Marshall College Fund. We are grateful to The Sallie Mae Fund for their continued commitment in helping these students overcome barriers to graduation.
In addition to the Completing the Dream Scholarship, Sallie Mae also offers scholarships to help students access and continue higher education. The education solutions company also connects students to scholarships through its free resource Scholarship Search by Sallie.
We need to ensure those students setting foot on campus for the first time also make it to the graduation stage,” said Nic Jafarieh, executive vice president, Sallie Mae. Our Completing the Dream Scholarship continues to remove barriers so more students realize the full potential that comes with earning a college degree.
Learn more and apply today at salliemae.com/CompletingtheDream.
Sallie Mae (Nasdaq: SLM (NASDAQ:)) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
No purchase necessary. Void where prohibited. Ends 12/6/2024 or when all scholarship funds are awarded, whichever occurs first. For official Completing the Dream Scholarship rules for the academic year 2024-2025, visit: Completing the Dream Rules.
Category: Community and Philanthropy
View source version on businesswire.com: https://www.businesswire.com/news/home/20240603078384/en/
Caron Jackson
302.451.2541
Caron.jackson@salliemae.com
Source: Sallie Mae
Stock Markets
Adidas seals turnaround year with strong fourth-quarter sales
LONDON (Reuters) -Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year.
The German sportswear brand focused in the past year on fuelling a trend for its retro multicoloured, three-striped shoes like the Samba and Gazelle to reboot its brand and boost sales, and has benefited from weaker performance at its bigger rival Nike (NYSE:).
It said revenue was up 19% year on year in currency-neutral terms in the fourth quarter, while its gross margin increased by 5.2 percentage points to 49.8%.
Adidas (OTC:) reported sales of 5.956 billion euros ($6.2 billion), up from 4.812 billion a year ago.
For the full year, revenue was up 12% in currency-neutral terms, hitting 23.683 billion euros ($24.7 billion). Profitability improved with the gross margin rising by 3.3 percentage points to 50.8%.
The results mark a significant recovery for Adidas from an annual loss in 2023 for the first time in more than 30 years, bruised by cutting ties with disgraced rapper Ye, formerly known as Kanye West, leading to the abrupt ending of its lucrative Yeezy shoe line.
Operating profit for 2024 increased to 1.337 billion euros, from 268 million euros in 2023.
($1 = 0.9593 euros)
Stock Markets
ABB increasing U.S. investment to raise local production, CFO says
DAVOS, Switzerland (Reuters) – ABB (ST:) is increasing its investments in the United States as a way to deal with tariff hikes expected from the new Trump administration and to benefit from the country’s economic growth, Chief Financial Officer Timo Ihamuotila said on Tuesday.
“We will be investing more to compensate for this,” Ihamuotila told Reuters when asked about the impact of higher import duties.
“We will be investing more because it’s a good growth market,” the CFO said in an interview on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland.
During his election campaign, new U.S. President Donald Trump vowed to impose steep tariffs of 10% to 20% on global imports into the U.S. and 60% on goods from China to help reduce a U.S. trade deficit that now tops $1 trillion annually.
Ihamuotila said local production for local customers was the best way to deal with the situation, noting that ABB currently produces around 80% of its products completely in the U.S., the engineering company’s biggest market.
“We have about 30 manufacturing locations in the U.S. and we will continue to expand these and probably even add something,” Ihamuotila said.
As well as spending more on its factories and facilities, ABB would also consider U.S.-based acquisitions, although many potential targets had high valuations at present, he said.
Outside the United States, Ihamuotila said about 90% of ABB’s products sold in Europe are produced there, while China has about 85% local production.
“It doesn’t fully insulate you, but it helps a lot,” Ihamuotila said. “In general, we are for free trade; we would like to see no tariffs, but it is what it is.”
Stock Markets
US SEC forms cryptocurrency task force
(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force “dedicated to developing a comprehensive and clear regulatory framework for crypto assets.”
The task force’s focuses “will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously,” the SEC said in a statement.
- Forex2 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies