Cody Gude, a 35-year-old social media consultant from Tampa, Florida, was eagerly anticipating a reduction in his student loan payments from $200 to $100. However, his hopes were dashed upon hearing the news that major parts of the Saving on a Valuable Education, or SAVE, plan were on hold. The temporary injunctions issued by federal
Legal
Recently, the Supreme Court made a decision on a federal tax challenge involving certain foreign investments. The case in question, Moore v. United States, centered around a Washington state couple who faced taxes due to a one-time levy on earnings and profits in foreign entities. This levy, known as the “mandatory repatriation tax,” was enacted
Homeownership is often seen as a key way to build wealth that can be passed on from one generation to the next. However, in the United States, more than $32 billion in assessed property values may be at risk due to a little-known issue called heirs’ property. This situation arises when homeowners pass away without
Boeing CEO Dave Calhoun is set to address a Senate panel about the company’s imperfect culture as fresh whistleblower claims come to light just before the scheduled hearing. Calhoun acknowledges that Boeing’s culture is far from ideal, but efforts are being made to address and rectify the issues. The company has been under scrutiny since
The U.S. Department of the Treasury and the IRS have recently announced a new plan aimed at closing a significant tax loophole that has been exploited by large, complex partnerships. This plan is expected to generate more than $50 billion in tax revenue over the next decade. The focus of this initiative is to address
Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
When it comes to assessing one’s retirement readiness, many individuals tend to compare their 401(k) balances with others in their age group. However, recent data from Fidelity suggests that looking at balances by industry may provide a more accurate comparison point. The average 401(k) balance for investors on Fidelity’s platform in the first quarter was
The financial world is bracing for a major shift as investors like BlackRock and Citadel Securities are throwing their weight behind a new player in the game – the Texas Stock Exchange (TXSE). With a whopping $120 million already raised and the backing of over two dozen investors, the TXSE is gearing up to make
In a recent viral TikTok video, content creator Megan Boni humorously sang about her search for a man in finance with specific physical attributes. The video garnered millions of views, sparking discussions about the allure of dating financially successful men. While the lyrics were meant to be satirical, they highlighted a common trend of women
Recent documents submitted to a U.S. federal court have brought to light some shocking allegations against the major British bank, Standard Chartered. It is alleged that the bank helped finance sanctioned Iranian entities and terrorist groups, and that relevant evidence was ignored by American authorities. Standard Chartered, which primarily serves clients in emerging markets, has