Wirestock | Istock | Getty Images The Biden administration filed a legal brief with the U.S. Supreme Court defending its plan to cancel hundreds of billions of dollars in student debt. In its arguments to the highest court submitted late Wednesday, lawyers for the U.S. Department of Education and U.S. Department of Justice argued that
In this article .HSI Follow your favorite stocksCREATE FREE ACCOUNT Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong stocks kicked off 2023 with the most gains they’ve seen in the first trading session
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year.
In this article HON PFE MU BABA BABA MSFT CRM WYNN Follow your favorite stocksCREATE FREE ACCOUNT The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images Check out the companies making
Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who financed a
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In this article GM 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT 2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold
WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting. At a meeting where policymakers raised their key interest rate another half a percentage point, they expressed the importance of
Designer491 | Istock | Getty Images If you’re eager to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your deferrals, financial experts say. You can funnel $22,500 into your 401(k), 403(b) and other such plans for 2023, up from the $20,500 limit in
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there have been signs of slowing inflation, the Federal Reserve is expecting higher interest rates to continue. “It looks like this year might be a
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A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was down 13.2% at the end
In this article BABA MSFT CRM GE Follow your favorite stocksCREATE FREE ACCOUNT Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500
Anadolu Agency | Anadolu Agency | Getty Images Mega Millions players may be daydreaming about what they’d do with an extra $785 million, the game’s current jackpot amount. One way they should count on using it if they win? Sharing a slice with the IRS. related investing news These low-volatility stocks beat the market last
In this article 9961-HK BIDU 9999-HK JD BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to the latest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for holiday purchases grew as well.
In this article EDR Follow your favorite stocksCREATE FREE ACCOUNT Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV. Amy Kaplan | Icon Sportswire | Getty Images Media and entertainment company Endeavor saw its shares fall on Tuesday after a video showing
A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021. Costfoto | Future Publishing | Getty Images BEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs. Nezha, named after a feisty Chinese mythological
Craig Warga | Bloomberg | Getty Images Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from
President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Drew Angerer | Getty Images News | Getty Images A new law is changing rules governing how and when certain retirement savers can withdraw money from their nest eggs. Tax-advantaged accounts earmarked for people’s golden