The few Americans who continued to make student loan payments during a federal pause enacted at the beginning of the pandemic will now be eligible for a refund. On Wednesday, President Biden announced...
Tag: general news
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
EV Charging-Station Operators Set to Battle for Ad Dollars
The next battleground in the fight for U.S. marketers’ advertising dollars may be charging stations used by the growing number of Americans who own electric or hybrid plug-in vehicles. ChargePoint Hol...
AMC Stock Is Out of Whack With APE Shares. Jim Chanos Is Taking Advantage.
Text size AMC’s market capitalization is higher than it was before the pandemic slammed the theater industry. Justin Sullivan/Getty Images Legendary stock bear Jim Chanos has an arbitrage idea f...
How to Claim Your Student Loan Forgiveness
The Biden administration is canceling a portion of federal student loan debt. Stefani Reynolds/AFP/Getty Images Text size The Biden administration is canceling a portion of federal student loan debt a...
What Forgiving Student Loan Debt Could Mean for the Economy
Nearly 44 million people collectively owe $1.7 trillion in federal student loans. Forgiving some or all of it would cost taxpayers hundreds of billions of dollars. Stefani Reynolds/AFP/Getty Images Te...
Brink’s driver was asleep during California jewelry heist, lawsuit claims
LOS ANGELES — One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier this summer, when thieves broke a lock and stole...
Opinion: Ford’s job cuts are just the beginning of another EV earthquake
Electric vehicles, or EVs, promise a green automotive revolution, but this will not come without uncomfortable transitions in the labor force. Those trade-offs are coming starkly into focus, raising q...
New Vanguard Account Fees Will Raise Costs for Some of Its Most Loyal Customers
Lately, some of Vanguard’s most loyal long-term investors have been getting letters and emails that state: “If you choose to remain on the mutual fund-only platform after September 30, 2022, you’ll be...
What Biden’s reported student debt cancellation plan could mean for borrowers
The question on millions of student loan borrowers’ minds will likely be settled Wednesday, when the Biden administration is expected to announce broad-based student debt relief. Though borrowers wil...
Julian Robertson on how to make money — and avoid going bankrupt — in the stock market
Julian Robertson, the billionaire founder of hedge fund Tiger Management, has died at age 90. Robertson was a value-style investor who mentored, and invested with, a new generation of money managers a...
Biden Planning Student-Loan Announcement Wednesday
White House officials are planning for President Biden to make an announcement on Wednesday about his proposal for dealing with student-loan debt, according to people familiar with the matter. The pre...
Here’s how Palo Alto Networks stacks up against its main competitors
Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% i...
Bill Ackman says fast-food chains are an inflationary shield. Here’s two he likes, and one he just sold.
A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order...
‘You don’t want to die at your desk sending an email.’ Beyond the numbers, are you ready to retire?
Nancy Schlossberg attended a retirement party for a colleague, and afterward heard people remarking how the guest of honor should have retired years before because she was “so old.” “People were sayin...
Grammy winner Ed Sheeran is worth an estimated $200 million — but he’s a fan of this penny-pinching savings hack (and psst: pros say you may want to do it too)
Ed Sheeran Getty Images for the Ruth Strauss Foundation Thanks to hits like “Shape of You,” “Bad Habits,” “Castle on the Hill” and “Perfect,” Grammy Award winning singer-songwriter Ed Sheeran has an e...
U.S. Could Cancel Some Student Debt. Expect News Soon.
Text size A decision on forgiving federal student loan debt is expected by the end of August. Stefani Reynolds/AFP/Getty Images The Biden administration is expected to make an announcement on federal ...
Six things that could change your mind about retiring early
Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, retired from a career in financial education in 2018 but recognized that he wasn’t comfortable spending his...
Beware of a ‘bear trap’ retreat in stocks after the big summer rally, strategists warn
It looks like a “bear trap” may be lurking in this summer’s big bounce for the stock market, one that could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Invest...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
Apple workers tell CEO Tim Cook: ‘We demand location-flexible work’
The self-styled solidarity group AppleTogether launched a petition Monday demanding a more flexible work policy in response to the company’s return-to-office mandate. “We demand that Apple allows each...
9 ways the Inflation Reduction Act affects Medicare coverage, and what it means for you
Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a new law. The Inflation Reduction Act “finally del...
Once offering the worst return on Wall Street, cash is now looking like the best asset to own, says Morgan Stanley
Stock sellers are ready to pick up where they left off on Friday, as the market appears to be is waking up from its August slumber with a vengeance. As Goldman Sach’s chief U.S. equity strategist Davi...
‘Student-loan socialism’ — Republicans blast Biden’s debt-forgiveness move, as Democrats praise his ‘effective action’
President Joe Biden on Wednesday made his long-awaited announcement on federal student loans, saying his administration plans to cancel $10,000 in debt per borrower for individuals making under $125,0...