Micron Technology(US:MU) Investopedia·2025-12-23 21:01Wage Garnishments for Defaulted Student Loans - The Department of Education will begin garnishing wages for defaulted federal student loan borrowers starting January 7, with approximately 1,000 borrowers notified initially [2] - Borrowers who default, typically after not making payments for over 270 days, may have up to 15% of their income garnished to cover missed payments [3] - As of September 30, 2025, there are 5.2 million borrowers in default, with nearly 6.6 million more delinquent between one month and one year [4] Economic Growth and Federal Reserve - The U.S. economy grew at an annual rate of 4.3% in the third quarter, surpassing the expected 3.2% growth, driven by a decrease in imports and a 3.5% rise in consumer spending [25][26] - The Federal Reserve is scheduled to meet on January 27 and 28, with expectations to hold interest rates steady after recent cuts aimed at preventing job market slowdown [27][28] - Fed officials face a dilemma between lowering rates to support employment and maintaining higher rates to combat inflation, as both metrics have shown concerning trends [29][30] Novo Nordisk and FDA Approval - Novo Nordisk's stock surged approximately 8% following FDA approval of its Wegovy pill for weight management, expected to launch in early January [31][32] - The approval positions Novo Nordisk favorably against competitors like Eli Lilly, whose weight-loss pill is anticipated for approval in the first quarter of 2026 [33]