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.
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.
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.
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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
Regional Banks Struggle with Profit Slump Despite Economic Rebound
Reminding us how difficult 2023 was, some of the most well-known midsized lenders in the country announced significant declines in profitability during the fourth quarter. The issue is that by 2024, not much improvement is anticipated.
Jan 19, 2024 11:10 AM EST
Insights from Davos: US Business Figures Contemplate a Trump Win in 2024
Dinners and parties at Davos have been dominated by talk about Donald Trump, with many attendees of the World Economic Forum considering the former president's possible candidacy for president again following his overwhelming victory in the Iowa vote.
Jan 19, 2024 9:24 AM EST
Congress Votes to Extend Government Funding, Avoiding Shutdown
A short-term budget package that would keep federal agencies funded until March and prevent an impending partial government shutdown was delivered to President Joe Biden by Congress on Thursday.
Jan 19, 2024 7:10 AM EST
Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut
The Consumer Financial Protection Bureau and the Biden administration have collaborated to present a proposed regulation that would curb bank overdraft costs, perhaps bringing them down to $3.
Jan 18, 2024 6:20 AM EST
Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance
The national debt of the United States government just passed $34 trillion, setting a new high. But to what extent should you be concerned about the nation's borrowing?
Jan 18, 2024 1:30 AM EST
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