American Dream Cost: Family of Four Now Struggles on $230,000 a Year
According to a former Goldman Sachs analyst, a family of four must make more than $230,000 annually to live comfortably in the San Francisco Bay Area of California.
Jan 29, 2024 6:17 AM EST
Child Tax Credit Expands as Misused COVID Program Exits, Putting Children First
During a private meeting with senators, IRS Commissioner Danny Werfel was asked by the chairman of the Senate Finance Committee to provide his evaluation of a concerning report.
Massive Layoffs at Microsoft: 1,900 Employees Axed Post $69B Activision Blizzard Deal
Microsoft Gaming CEO Phil Spencer told employees Thursday that the gaming workforce would be reduced by 1,900, or approximately 8% of its gaming division.
U.S. Growth Slows 3.3%, But Resilience Shines Through
The US economy was predicted to have entered a recession by now due to a decline in borrowing and expenditure due to the highest interest rates in twenty years.
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Americans Feel More Optimistic as Prices Cool and Paychecks Increase
Americans are beginning to feel more optimistic about the economy and inflation after a protracted period of pessimism; this development might support consumer spending, spur economic growth, and perhaps have an impact on President Joe Biden's electoral prospects.
Jan 25, 2024 9:45 AM EST
Uncertainty Clouds Future of Student Loan Relief After Program Expires
According to new data provided by the Education Department, over 3.7 million Americans have collectively received over $136 billion in student loan forgiveness-an unparalleled degree of relief.
Jan 24, 2024 8:52 PM EST
Can Taxing the Rich Save Vermont? Wealth Tax Divides Green Mountain State
Legislators in Vermont are joining a growing national effort led by Democrats, who think the measures will gain support as states deal with post-pandemic budget squeezes, by presenting legislation this week that would levy extra taxes on the richest people of the state.
Jan 24, 2024 6:32 AM EST
Wall Street Bets on "Trillion-Dollar Company" Crown Jewel
Thousands of bankers, private equity investors, venture capitalists, and other wealthy people swarm Union Square in San Francisco each year to chase transactions.
Jan 24, 2024 12:24 AM EST
Hedge Funds Rake in Record Profits as Markets Roar Back
20 top fund managers earned $67 billion in gains for investors in 2023, compared to $65 billion during the pandemic-era boom in 2021, according to research released on Monday by LCH Investments, a hedge fund.
Jan 23, 2024 6:02 PM EST
The Number One Easy Side Hustle That You Can Start Now
Here's a dirty little secret: Making money today is easier than it's ever been. You don't need a degree or a 9-5 job. You don't need a car. All you need is a laptop and you can change your life.
Jan 23, 2024 12:20 PM EST
Bernie Sanders Unleashes New Bill to Tackle 'Outrageous' CEO Pay
Democrats are proposing to increase taxes on businesses whose CEO salaries are at least 50 times higher than those of the average worker. They claim that this legislation is necessary to curb corporate greed.
Jan 23, 2024 1:31 AM EST
The New Middle Class, and How Gen Z Fits in to it
Gen Z is out of line with the reality of what a middle class salary in the United States is, but they are on the right track about a larger issue.
Jan 22, 2024 2:50 PM EST
Top Citi Strategist Foresees Healthy Economic Rebound
In order to restore sustainable growth and put inflation back to goal, the global economy does not require a "collapse," according to Steven Wieting, chief economist and investment strategist at Citi Global Wealth.
Jan 22, 2024 10:30 AM EST
Oil Forecast Dips as Global Growth Falters
Monday saw a further decline in oil prices as geopolitical worries in the Middle East and the attack on a Russian fuel export facility over the weekend were countered by economic headwinds that put pressure on the forecast for global oil consumption.
Jan 22, 2024 7:00 AM EST
Will X Embrace Crypto? Dedicated Payments Account Fuels Rumors
Elon Musk's "everything app," X (previously Twitter), has stoked rumors in the cryptocurrency world regarding whether or not it will integrate cryptocurrencies by establishing a separate account for its planned payments function.
Jan 22, 2024 12:25 AM EST
Biden Administration Announces Additional $4.9 Billion in Student Loan Debt for 73,600 Borrowers
Biden administration announces a groundbreaking $4.9 billion discharge in student loan debt, bringing the total relief to an impressive $136.6 billion. Read more below
Jan 21, 2024 3:58 PM EST
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