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Investors Bank on Fed Capitulation, Sending Bond Yields Soaring

At this week's policy meeting, bond investors anticipate that the Federal Reserve will renounce its program of raising interest rates, preparing the market for the possibility of numerous rate cuts this year-the first since the COVID-19 epidemic began in 2020.

Jan 30, 2024 5:24 AM EST


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 8:57 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 4:25 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 7:01 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 6:17 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 4:08 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 5:13 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 9:45 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 8:52 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 6:32 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