Goldman Sachs Targets Private Equity After Credit Suisse Shakeup
In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.
May 18, 2024 10:26 AM EDT
Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power
In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.
Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street
The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.
Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
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Biden Takes Aim at Federal Pay Disparities on Law's 15th Anniversary
The Biden administration is taking additional steps to help fix wage disparities for federal employees and employees of government contractors on Monday, the 15th anniversary of a historic federal pay equality statute.
Jan 29, 2024 08:57 PM EST
The Only Retirement Guide You'll Ever Need - Start Planning Now
Retirement isn't just about reaching a certain age and stopping work. It's a major life transition that requires financial, emotional, and lifestyle preparation ...
Jan 29, 2024 04:25 PM EST
Record Numbers Lose Shelter as Rents Skyrocket Nationwide
Due to the financial strain caused by rising rents in recent years, an increasing number of Americans are becoming homeless.
Jan 29, 2024 07:01 AM EST
American Dream Cost: Family of Four Now Struggles on $230,000 a Year
According to a former Goldman Sachs analyst, a family of four must make more than $230,000 annually to live comfortably in the San Francisco Bay Area of California.
Jan 29, 2024 06:17 AM EST
Child Tax Credit Expands as Misused COVID Program Exits, Putting Children First
During a private meeting with senators, IRS Commissioner Danny Werfel was asked by the chairman of the Senate Finance Committee to provide his evaluation of a concerning report.
Jan 29, 2024 04:08 AM EST
Massive Layoffs at Microsoft: 1,900 Employees Axed Post $69B Activision Blizzard Deal
Microsoft Gaming CEO Phil Spencer told employees Thursday that the gaming workforce would be reduced by 1,900, or approximately 8% of its gaming division.
Jan 26, 2024 05:13 PM EST
U.S. Growth Slows 3.3%, But Resilience Shines Through
The US economy was predicted to have entered a recession by now due to a decline in borrowing and expenditure due to the highest interest rates in twenty years.
Jan 26, 2024 12:13 AM EST
Americans Feel More Optimistic as Prices Cool and Paychecks Increase
Americans are beginning to feel more optimistic about the economy and inflation after a protracted period of pessimism; this development might support consumer spending, spur economic growth, and perhaps have an impact on President Joe Biden's electoral prospects.
Jan 25, 2024 09:45 AM EST
Uncertainty Clouds Future of Student Loan Relief After Program Expires
According to new data provided by the Education Department, over 3.7 million Americans have collectively received over $136 billion in student loan forgiveness-an unparalleled degree of relief.
Jan 24, 2024 08:52 PM EST
Can Taxing the Rich Save Vermont? Wealth Tax Divides Green Mountain State
Legislators in Vermont are joining a growing national effort led by Democrats, who think the measures will gain support as states deal with post-pandemic budget squeezes, by presenting legislation this week that would levy extra taxes on the richest people of the state.
Jan 24, 2024 06:32 AM EST
Wall Street Bets on "Trillion-Dollar Company" Crown Jewel
Thousands of bankers, private equity investors, venture capitalists, and other wealthy people swarm Union Square in San Francisco each year to chase transactions.
Jan 24, 2024 12:24 AM EST
The Number One Easy Side Hustle That You Can Start Now
Here's a dirty little secret: Making money today is easier than it's ever been. You don't need a degree or a 9-5 job. You don't need a car. All you need is a laptop and you can change your life.
Jan 23, 2024 12:20 PM EST