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Will X Embrace Crypto? Dedicated Payments Account Fuels Rumors

Will X Embrace Crypto? Dedicated Payments Account Fuels Rumors

Elon Musk's "everything app," X (previously Twitter), has stoked rumors in the cryptocurrency world regarding whether or not it will integrate cryptocurrencies by establishing a separate account for its planned payments function.

Jan 22, 2024 12:25 AM EST


Student Loan Forgiveness

Biden Administration Announces Additional $4.9 Billion in Student Loan Debt for 73,600 Borrowers

Biden administration announces a groundbreaking $4.9 billion discharge in student loan debt, bringing the total relief to an impressive $136.6 billion. Read more below

Jan 21, 2024 03:58 PM EST


Regional Banks Struggle with Profit Slump Despite Economic Rebound

Regional Banks Struggle with Profit Slump Despite Economic Rebound

Reminding us how difficult 2023 was, some of the most well-known midsized lenders in the country announced significant declines in profitability during the fourth quarter. The issue is that by 2024, not much improvement is anticipated.

Jan 19, 2024 11:10 AM EST


Insights from Davos: US Business Figures Contemplate a Trump Win in 2024

Insights from Davos: US Business Figures Contemplate a Trump Win in 2024

Dinners and parties at Davos have been dominated by talk about Donald Trump, with many attendees of the World Economic Forum considering the former president's possible candidacy for president again following his overwhelming victory in the Iowa vote.

Jan 19, 2024 09:24 AM EST


Congress Votes to Extend Government Funding, Avoiding Shutdown

Congress Votes to Extend Government Funding, Avoiding Shutdown

A short-term budget package that would keep federal agencies funded until March and prevent an impending partial government shutdown was delivered to President Joe Biden by Congress on Thursday.

Jan 19, 2024 07:10 AM EST


Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut

Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut

The Consumer Financial Protection Bureau and the Biden administration have collaborated to present a proposed regulation that would curb bank overdraft costs, perhaps bringing them down to $3.

Jan 18, 2024 06:20 AM EST


Retail Rebound or Bubble Burst? December Surge Hides Underlying Inflation Concerns

Retail Rebound or Bubble Burst? December Surge Hides Underlying Inflation Concerns

December saw an increase in American retail spending, capping up the Christmas shopping season and the year on a positive note and indicating that consumers are still feeling secure enough to continue spending money.

Jan 18, 2024 12:19 AM EST


Gen

The New Middle Class, and How Gen Z Fits in to it

Gen Z is out of line with the reality of what a middle class salary in the United States is, but they are on the right track about a larger issue.

Jan 22, 2024 02:50 PM EST


Senate Adopts Stopgap Spending Measure, Preventing Immediate Government Shutdown

Senate Adopts Stopgap Spending Measure, Preventing Immediate Government Shutdown

In an attempt to enact a stopgap budget bill in time for the rapidly approaching deadline at the end of the week, the Senate cleared its first obstacle on Tuesday night.

Jan 17, 2024 10:49 AM EST


Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance

Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance

The national debt of the United States government just passed $34 trillion, setting a new high. But to what extent should you be concerned about the nation's borrowing?

Jan 18, 2024 01:30 AM EST


Bipartisan Bill Brings Joy to Toy Boxes and Boardrooms with Tax Tweaks

Bipartisan Bill Brings Joy to Toy Boxes and Boardrooms with Tax Tweaks

A bipartisan plan to prolong company tax deductions and increase the child tax credit was unveiled on Tuesday in an attempt to win approval from Congress before the January 29 tax season kicks out.

Jan 17, 2024 07:36 AM EST


AI & Climate Anxiety Rises: 6% More CEOs See Bleak 10-Year Outlook

AI & Climate Anxiety Rises: 6% More CEOs See Bleak 10-Year Outlook

According to a new survey of CEOs by one of the biggest consulting firms in the world, PwC, more executives are feeling better about the state of the global economy, but an increasing number believe their companies won't survive the next ten years without a major overhaul due to pressure from climate change and technology like artificial intelligence.

Jan 16, 2024 10:50 AM EST


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