‘I asked my mom to have her compensated from our other sister’s proceeds, but my nephew’s mother said it was not her issue.’
A top GOP senator cited a recent assertion by House Speaker Nancy Pelosi (D-NY) to argue that the White House cannot broadly cancel student loan debt through executive action.
Fifty-four percent of young American adults who went to college took on some kind of debt — including student loans — to fund their education, according to the Federal Reserve. The average...
Money for student loan forgiveness comes from federal funds
Florida A&M University provided its student body with more than $16 million in debt relief during the 2020-2021 school year, the school's president revealed on Saturday.
Year-to-date, the market trends are highly positive. The S&P 500 is up ~18%, while the tech-heavy NASDAQ, has put up a 14.5% year-to-date gain. There are potential headwinds – inflation is a worry, as is the possibility of further COVID-related restriction policies. But for now, the economy is mostly open, consumers are starting to spend, and investors seem optimistic. As J.P. Morgan’s chief US strategist Dubravko Lakos-Bujas recently put it, the economic gains are “not an event but rather a pro
Shares in the German auto giant fell 5% on Tuesday.
(HOOD) has profited off the meme stock movement. The gains have built slowly; the commission-free broker started the day up less than 1%, but climbed over the next three hours to trade as high as $45, 18% above the company’s $38 price of its initial public offering. ARK Investments bought Robinhood (ticker: HOOD) after the IPO and has continued buying, and the company was praised on Monday night by CNBC’s Jim Cramer, who said “the stock would soar” if it made a deal like Square’s (SQ) deal to buy Afterpay.
(Bloomberg) -- Turns out even the most compliant Chinese billionaires aren’t immune to the regulatory onslaught sweeping the world’s second-largest economy.In a twist that has upended conventional wisdom on the political pecking order of China’s business elite, Tencent Holdings Ltd.’s mild-mannered boss, Pony Ma, has lost more paper wealth over the past nine months than Jack Ma, the combative co-founder of Alibaba Group Holding Ltd. and Ant Group Co.The reversal underscores how rapidly Beijing’s
Prosecutors say the scam was one of as many as 20 similar crypto frauds run by a group of Serbian nationals that bilked investors out of as much as $70 million.
‘What if he decides to divorce me? How will I be protected? He tells me everything is just fine and those issues will never be a problem for me.’
The U.S. weapons maker has purchased group annuity contracts from Athene Holding Ltd and will transfer pension obligations and related plan assets for about 18,000 U.S. retirees and beneficiaries to the retirement services provider. Lockheed will take a non-cash charge related to actuarial losses of about $1.7 billion in the third quarter. The contracts were purchased using assets from Lockheed's master retirement trust and no additional funding was used, said the company.
MARKET PULSE Advanced Micro Devices Inc. (AMD) shares closed at a fifth consecutive record high on Tuesday following a report that Nvidia Corp.’s (NVDA) acquisition of Arm Ltd. may get blocked by U.K.
Return and risk are two sides of the same coin. Investors all want the former, while keeping down the latter – but that’s a pipe dream. Every stock comes with both, and one key to success is managing the balance. That balance can be tricky, however, as risk and return potentials usually follow a direct relationship; that is, the highest return stocks typically also come with higher risk. This makes sense, as the surest way to a high return is to find stocks with low initial share prices – for in
Become a 'business of one,' says author of 'Remote, Inc.: How to Thrive at Work… Wherever You Are.'
GE’s reverse stock split Monday was only the fifth since 2012 among S&P 500 companies. Companies generally avoid reverse splits because they can signal that management has been unsuccessful at raising the stock price. It was only the fifth such action among companies in the S&P 500 index since 2012, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
Headlines about PayPal founder Peter Thiel’s $5 billion tax-free retirement account have some clients salivating. But regulatory changes may be coming.
QuantumScape founder and CEO Jagdeep Singh tells Yahoo Finance Live he is confident in hitting key production timelines.
Here's how to dabble in the most popular investment in human history.
(Bloomberg) -- Hedge fund Alphadyne Asset Management is one of the biggest casualties from a short squeeze in the global bond market, with its $12 billion macro trading strategy snared in a series of bad bets on rising interest rates.The investment firm is staring down losses of about $1.5 billion after its hedge funds plunged through July, according to people familiar with the matter. Its flagship Alphadyne International Fund lost about 10%. It also manages a leveraged version with about the sa
Molson Coors is trimming the number of items it sells and moving in the direction of more premium items.