In the United States, the unequal distribution of wealth can have long-lasting effects, especially when it comes to children. Lawmakers are now considering the idea of implementing federal children’s savings accounts as a potential solution to this issue. One proposed plan, known as the 401Kids Savings Act, aims to create savings accounts for all newborns,
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Macy’s recent fiscal first-quarter earnings report showed positive results, with earnings per share coming in at 27 cents adjusted versus the 15 cents expected by Wall Street analysts. Additionally, the retailer’s revenue of $4.85 billion was in line with expectations, pointing to early signs of momentum in its turnaround strategy. Despite this positive achievement, Macy’s
China’s recent efforts to bolster its real estate market have been met with cautious optimism by analysts. While the government’s comprehensive policy measures are a step in the right direction, it will take time before significant stabilization is observed. Despite the initial surge in Hong Kong-listed property stocks following the announcement, the market still remains
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The recent Social Security report has highlighted the positive impact of a strong economy on the program. However, concerns have been raised regarding the depletion of Social Security’s trust funds within the next decade if no changes are implemented. Despite this potential scenario, it is crucial to dispel the misconception that benefits will simply disappear
Ares Capital (ARCC) is a company that focuses on financing solutions for small- and middle-market companies. The company recently announced its first-quarter results and declared a quarterly dividend of 48 cents per share. This dividend, which is payable on June 28, offers an attractive yield of 9.1%. Despite slightly missing the analyst’s estimate for core
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As we approach the end of 2025, Americans are facing a looming tax crisis that could have significant implications for individual taxpayers. The Tax Cuts and Jobs Act of 2017, enacted by former President Donald Trump, is set to expire next year, leading to the expiration of trillions of dollars in tax breaks. With control
The U.S. Department of Education recently released the new interest rates on federal student loans, and the news was not comforting for parents planning to take out Direct PLUS loans for their children’s education. The interest rate for the 2024-2025 academic year is set at a staggering 9.08%, the highest it has been in over
The Chinese government has recently announced new measures to bolster the real estate sector, particularly aimed at supporting state-owned enterprises (SOEs) in purchasing unsold apartments. This initiative is intended to provide more funding for developers to complete construction on pre-sold properties. People’s Bank of China Deputy Governor Tao Ling revealed that the central bank would