Money
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
Money
Dow hits record after U.S. military action in Venezuela
Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.
Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.
The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.
Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.
Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.
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Money
Wall Street eyes further gains in 2026 as rate cuts fuel optimism
Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.
Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.
Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.
The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.
However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.
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Money
US captures Maduro, investors brace for market impacts
US captures Venezuela’s Maduro, marking significant geopolitical escalation and sparking mixed reactions from investors and economists
US captures Venezuela’s Maduro, marking significant geopolitical escalation and sparking mixed reactions from investors and economists
– The U.S. captured Venezuelan President Nicolas Maduro on January 3, 2026, amid geopolitical tensions.
– Experts predict varied market impacts, emphasising complexities in Venezuela’s oil sector recovery.
President Donald Trump confirmed the operation, stating Maduro and his wife were apprehended and removed from Venezuela.Washington’s direct military engagement in Latin America has been rare since the 1989 invasion of Panama. Trump indicated in a later press conference that the U.S. would oversee Venezuela’s governance, with Secretary of State Marco Rubio involved in planning the next steps.
Economic experts provided varied opinions on the situation.
Market Impact
Jamie Cox of Harris Financial Group stated market reactions will likely remain muted pending the outcome of an OPEC meeting.
Helima Croft from RBC Capital Markets highlighted the complexities of rebuilding Venezuela’s oil sector post-conflict.
Brian Jacobsen from Annex Wealth Management expressed that the campaign was expected and could significantly unlock oil reserves.
Marchel Alexandrovich noted that geopolitical risks are increasingly influencing market dynamics, while Tina Fordham warned about the potentially messy nature of change in Venezuela despite optimistic outlooks.
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