Arizona Attorney General Mark Brnovich has brought a legal challenge against the President Joe Biden’s sweeping student loan forgiveness plan, possibly putting the administration’s proposal to wipe out much of the debt of tens of millions of borrowers in jeopardy. “This mass debt forgiveness program is fundamentally unfair, unconstitutional and unwise,” Brnovich said in a
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In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Buybuy Baby has been a rare bright spot for struggling Bed Bath & Beyond. On Thursday, however, the baby gear
LONDON – The Bank of England launched a historic intervention to stabilize the U.K. economy, announcing a two-week purchase program for long-dated bonds and delaying its planned gilt sales until the end of October. The move came after a massive sell-off in U.K. government bonds — known as “gilts” — following the new government’s fiscal
In this article TGT AMZN Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers are getting a head start on the season, and a few big-name retailers are paving the way. Amazon recently announced a two-day “Prime Early Access Sale” kicking off on Oct. 11, and Target is running its own “Deal Days” starting Oct. 6.
Inflation operates much like a tax, a particularly egregious one that disproportionately falls on the poor and leads to a variety of economic problems, including, as we’re seeing, higher interest rates, slow economic growth, and reduced incomes. With inflation still running high, it is worth exploring who bears the cost of the surge in prices
Newly built houses in the Denham Court suburb of Sydney, Australia. Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Bloomberg | Bloomberg | Getty Images SYDNEY — In a country where real estate ownership dominates barbecue conversations and dinner parties, Australian Lili Zhang is like
In this article TM Follow your favorite stocksCREATE FREE ACCOUNT A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following criticism by some investors and environmentalist groups that the
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
In this article AAPL KMX BBBY RAD Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects
Srdjanpav | E+ | Getty Images The tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage their 2021 returns, according to the IRS. While unpaid tax balances for 2021 have racked up late payment penalties since April 18, filers with tax debt may have more
A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Federal student loan borrowers whose loans are not held by the U.S. Department of Education will no longer be able
In this article DKS PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton will begin selling its bikes, treadmills and other products in Dick’s Sporting Goods stores,
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price
Shapecharge | E+ | Getty Images If you’re a higher-income Medicare beneficiary, you may be paying less in extra premium charges in 2023 than you were this year. So-called income-related adjustment amounts, or IRMAAs, which are based on your tax return from two years earlier, kick in next year at $97,000 for single tax filers
A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your house wasn’t in the storm’s path. Nevertheless, you
Overall, 935 mortgage products were pulled from the market on Tuesday, according to data from money comparison site Moneyfacts. Photo by Richard Baker | In Pictures | Getty Images LONDON – Hundreds of residential mortgage deal offers in the U.K. have been pulled after market chaos sparked concerns about base rates rising as high as
In this article RKLB ARKQ ARKX Follow your favorite stocksCREATE FREE ACCOUNT A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Cathie Wood’s Ark Invest is dipping back into a space
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. “Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate,” the