The landscape of federal student loan repayment is undergoing a significant shift as the U.S. Department of Education prepares to reinstate collection activities for borrowers who have defaulted on their loans. After a lengthy pause made necessary by the COVID-19 pandemic, this change has raised multiple concerns and questions among the approximately 7.5 million federal
Steps
Southern California is currently grappling with an unprecedented wildfire crisis that has sent shockwaves through the Greater Los Angeles area. Over the past week, relentless fires have scorched 40,000 acres, obliterating over 12,300 structures, including homes, businesses, and other properties. This overwhelming destruction has forced around 88,000 residents to evacuate, while an additional 89,000 individuals
Wells Fargo’s recent earnings report for the fourth quarter has sent positive ripples through the market, showcasing the bank’s ongoing recovery under the leadership of CEO Charlie Scharf. The earnings report revealed adjusted earnings per share (EPS) of $1.58, surpassing analysts’ expectations of $1.35, according to LSEG. However, while this figure acknowledges Wells Fargo’s ability
The latest earnings report from CVS Health has ignited discussions on Wall Street, as the retail pharmacy giant faces significant hurdles amidst a tumultuous healthcare landscape. CEO David Joyner now finds himself at the forefront of a complex situation during his first earnings presentation since taking over the reins, with the company’s mixed third-quarter results
The housing crisis in Spain has reached alarming proportions, prompting the government to take unprecedented steps to address the issue. Under Prime Minister Pedro Sanchez, a proposal to impose a 100% tax on properties purchased by non-EU residents has emerged as part of a broader strategy aimed at alleviating widespread housing shortages and soaring rental
Stellantis, the global automotive conglomerate formed from the merger of Fiat Chrysler and PSA Groupe, finds itself in a pivotal moment as it strives to reclaim its footing in the U.S. market. The company has experienced a troubling decline in sales for several consecutive years, prompting a comprehensive reassessment of its operations under new leadership.
The affordability of prescription medications has long been a significant concern for many Americans, particularly those aged 50 and older. A recent report from AARP has highlighted a troubling trend: the prices of the top 25 prescription drugs covered by Medicare Part D have nearly doubled since their market debut. As these costs continue to
Walgreens Boots Alliance, a significant entity in the U.S. pharmacy landscape, recently announced its fiscal first-quarter earnings, providing a snapshot of its current position and future strategic direction. Despite facing numerous hurdles over the past year, including increased reimbursement pressure and sluggish consumer spending, Walgreens has delivered financial results that have exceeded market expectations. This
As wildfires continue to rage in California, the effects are profoundly felt in the financial markets, particularly for utility companies. One notable casualty is Edison International, the parent company of Southern California Edison (SCE), which has seen its stock plummet as concerns over potential liabilities from the ongoing fires mount. In a significant market shift,
As the New Year approaches, many households are placing a renewed focus on managing their personal finances. A recent survey conducted by Allianz Life highlights that around 38% of Americans prioritize financial stability above all else for 2025. With this in mind, certified financial planners have shared crucial resolutions that households should adopt to foster