Credit Suisse and SoftBank are reportedly cutting back on staff, the companies announced on Friday—becoming the latest multinational firms to announce layoffs this summer as employers fear an unstable...
Tag: joe biden
Wells Fargo Cuts 75 Jobs In Home Mortgage Division. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears
Wells Fargo made its ninth round of job cuts in its home mortgage division this year as the housing market continues to cool substantially—the latest U.S. company to announce layoffs this summer as em...
Post-pandemic, Americans are tipping less generously for takeout
At the Sweetly Bakery & Cafe in Battle Ground, Washington, near Portland, Oregon, customers seem to be feeling a little less generous lately. With inflation near record highs and consumers increas...
Here’s Everyone Who Qualifies After White House Announces Further $1.5 Billion In Forgiveness
Topline The White House forgave $1.5 billion in student loan debt for attendees of the now-closed Westwood College on Tuesday, bringing the total relief under the Biden Administration to a whopping $3...
The Inflation Reduction Act Gives A Boost To Nuclear Fusion
Technicians work on the bioshield inside the Tokamak Building of the International Thermonuclear … [+] Experimental Reactor in southeastern France. AFP via Getty Images As most people know by no...
Most of the responses to Joe Biden’s crypto executive order are due next week
The bulk of agency responses to President Biden’s executive order are coming due soon. Per the March 9 order, seven reports from agencies are due to the White House 120 days after the release ...
The Ultimate Price Of Government Price Controls
WASHINGTON, DC – AUGUST 16: U.S. President Joe Biden (C) signs The Inflation Reduction Act with … [+] (L-R) Sen. Joe Manchin (D-WV), Senate Majority Leader Charles Schumer (D-NY), House Ma...
White House Topped Twitter By Trolling GOP On Loan Forgiveness
Topline The White House scored the most popular tweet of the week with a snarky thread clapping back at congressional Republicans who criticized President Joe Biden’s student loan forgiveness pl...
How the U.S. government can keep household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of hou...
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...
White House Slams Republicans Who Criticized Student Debt Relief But Received PPP Loans
Topline The White House caused a stir on Twitter Thursday afternoon by calling out several Republican lawmakers who criticized President Joe Biden’s move to forgive up to $20,000 in student loan...
DataRobot, U.S. Express Announce Layoffs. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears.
AI startup DataRobot and trucking company U.S. Xpress are the latest companies to announce layoffs Thursday, totaling hundreds of workers, as U.S. companies fear a possible recession. Aug. 25, 2022Art...
Why even more Americans are arming up with AR-15 guns
The AR-15 is one of the most controversial weapons in America. Lightweight and easily customizable AR-15 style weapons have skyrocketed in popularity in recent years, taking center stage at gun ranges...
Student Loan Forgiveness Plan Won’t Make Inflation Worse—Even If It Adds $400 Billion To Deficit, Goldman Says
Topline President Joe Biden’s historic plan to forgive up to $20,000 in student loans for millions of borrowers quickly drew criticism for potentially threatening to tack on to inflation that...
Progressives Praise Biden’s Student Debt Cancellation As GOP And Moderates Voice Concern
Topline President Joe Biden’s decision Wednesday to cancel at least $10,000 of federal student loan debt for most borrowers was welcome news for progressives, who touted it as the culmination of...
IRS Forgives Penalties For Millions Of Taxpayers Who Filed Late—Here’s Who Qualifies
Topline The Internal Revenue Service said Wednesday it will waive and refund penalties for Americans who filed their 2019 or 2020 tax returns late, as the agency struggles with a massive Covid-imposed...
California Expected To Ban New Gas-Only Car Sales By 2035
Topline California’s Air Resources Board on Thursday is expected to vote to approve a plan that will ban the sale of new gasoline-powered vehicles in the state by 2035, making it the first state to do...
Here’s Who Benefits Most—And Least
Topline Out of the roughly 45 million Americans with federal student loan debt, here’s who stands to benefit the most from the plan announced Wednesday by President Joe Biden that gives $10,000 in rel...
Ukraine Celebrates Independence Day As Russian Invasion Hits Six-Month Mark
Topline Ukraine marked 31 years of independence from the Soviet Union on Wednesday, a muted celebration amid warnings that Moscow would step up attacks on civilians as Russia’s invasion hits the six-m...
Key events on the path to student loan forgiveness
A woman holds a sign during an Occupy Wall Street rally against the high cost of college tuitions April 25, 2012 in New York. Don Emmert | Afp | Getty Images For the millions of Americans with student...
Biden Reportedly Plans $3 Billion Ukraine Arms Package As War Reaches Six-Month Mark
Topline The Biden Administration is planning to unveil a $3 billion military aid package for Ukraine this week, U.S. officials told the Associated Press on Tuesday, offering another round of assistanc...
Here’s What Biden Might Do
Topline With President Joe Biden set to make a much anticipated decision on forgiving federal student loan debt in the coming days, here’s a timeline of what to expect, how much borrowers may get in r...
What Does Student Loan Forgiveness Mean For Investors?
Getty Images for We, The 45 Million Key takeaways The Biden administration has just a few days left to extend the student debt moratorium or let borrowers restart payments The moratorium has sparked d...
Biden Reportedly Eyes $10,000 Debt Relief For Borrowers Under Income Threshold
Topline The Biden Administration could forgive $10,000 worth of student loan debt for Americans who earn less than $125,000 annually, CNN reported Monday, following months of deliberations and as a tw...
Larry Summers Opposes Full Student-Loan Forgiveness
President Joe Biden will likely announce soon the fate of student debt, as the current pause in federal student-loan payments is set to expire Sept. 1. About 45 million people owe approximately $1.7 t...
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes
Former President Donald Trump‘s political action committee, Save America, paid nearly $1 million to civil and criminal defense attorneys in July alone as investigations into him and the Trump Or...