President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. In the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education revealed that it would be finalizing its rule on student loan relief in October. This rule aims to provide financial relief
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Renowned investor Bill Gross has expressed his concerns regarding the behavior of Tesla in the stock market. According to Gross, Tesla is exhibiting characteristics of a speculative play among retail investors, resembling what is commonly known as a meme stock. Tesla has seen a remarkable 10-day winning streak, with shares surging by 43.6% since June
The recent surge in home prices, with an astounding increase of more than 40% since before the pandemic, should be prompting current homeowners to consider refinancing. However, the reality is quite different. Most homeowners are finding that the costs associated with pulling out cash through refinancing are simply too high now. This is largely due
The UBS 2024 Global Wealth Report predicts a continued increase in the number of global millionaires over the next five years. This growth is expected across 52 out of 56 economies, spanning both developed and developing nations. Leading this surge is Taiwan, with a projected 47% rise in millionaires fueled by the flourishing microchip industry
Inflation is on the decline, but prices remain high, indicating that the situation is far from ideal. While the economy is growing with a lower rate of price inflation and a robust job market, the fact that prices are still elevated poses challenges for consumers. Mark Hamrick, senior economic analyst at Bankrate, points out that
One popular method for reducing future tax liabilities on pretax retirement account withdrawals is through Roth individual retirement account (IRA) conversions. This process involves transferring pretax or nondeductible IRA funds into a Roth IRA, which allows for tax-free growth in the future. While this can result in immediate income taxes on the converted balance, financial
Athletic Brewing Company, a leading nonalcoholic brewer, has recently announced the successful completion of an equity financing round led by General Atlantic, raising an additional $50 million. This investment is expected to propel the company’s growth and expand its reach in response to the increasing demand for nonalcoholic beer among consumers. Athletic Brewing Company plans
BP shares took a hit on Tuesday as the company disclosed its expectation to incur an impairment of up to $2 billion in the second quarter. Additionally, it warned investors about lower refining margins that could further weigh on its financial results. This news caused a 2.6% drop in BP shares during early market trading,
As you progress through your career and approach retirement, it is essential to have a clear understanding of where you are investing your money. Experts emphasize the importance of knowing how different accounts can impact your future tax obligations. Many individuals tend to have a heavy concentration of funds in tax-deferred accounts, such as pretax
Boeing recently made headlines for agreeing to plead guilty to criminal fraud related to the fatal 737 Max crashes. This decision has branded the U.S. aerospace giant as a felon, but it allows them to avoid trial while they attempt to move past safety and manufacturing crises. The plea deal involves a significant fine of