The pandemic has put college affordability and student debt in the spotlight. As the economy continues to recover from Covid, the price of higher education is now the biggest financial consideration among college-age Americans and their parents. At the same time, the cost a four-year college or university has never been higher. Tuition and fees, alone, reached
Month: August 2021
Adina Eigen took her first trip to the British Virgin Islands in December 2020. Around that time, it had one of the world’s lowest Covid rates among islands that had reopened. The 42-year-old mother of four from Sands Point, New York, has since returned twice, checking infection rates — and vaccination statistics — before her
OLIVIER DOULIERY | AFP | Getty Images Millions of people are poised to lose their unemployment benefits this weekend, when federal pandemic-era policies will end. Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary
Allbirds shoes consist of wool, and the laces consist of recycled plastic bottles. The sustainable shoe maker Allbirds said Tuesday that it has lost money since its inception and expects it will continue to be unprofitable for the foreseeable future, as it prepares to debut on Wall Street through an initial public offering. Allbirds said
Alexi Rosenfeld | Getty Images Even as the delta variant of Covid-19 upends return to work and school plans, many parents who are now sidelined are plotting a return to work. About 81% of parents who are looking for job openings are planning to do so for financial reasons, according to a new survey conducted
SDI Productions Expecting an enhanced write-off for charitable gifts in 2021? The deduction won’t look the same as it did in 2020, according to tax experts. As the pandemic ravaged American lives, Congress added a provision to the CARES Act to spark more charitable giving: an improved tax deduction for cash gifts up to $300
In this article PYPL SQ HOOD The PayPal app shown on an iPhone Katja Knupper | DeFodi Images | Getty Images PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources
Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters Nearly a decade ago, Elizabeth Holmes was proclaimed the golden girl of Silicon Valley, and briefly crowned America’s youngest female self-made billionaire. This week, she’ll walk into a San Jose federal
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the market’s record price action is mimicking late 1999, and it could spark a 10% to 20% correction within the next month. “Be very much aware of the fact that if and when it reverses, the
In this article ZM Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares fell as much as 10% in extended trading on Monday after the video-calling software maker reported fiscal second-quarter earnings that beat analysts’ expectations, but showed slowing
In this article T DIS CMCSA VIAC Yahya Abdul-Mateen II stars as Anthony McCoy in “Candyman.” Universal Pictures Movie after movie, Hollywood’s recent blockbusters have struggled to bounce back to 2019-level ticket sales. But “Candyman” once again proved what a profit driver the horror genre is. Over the weekend, the Universal Pictures film’s debut tallied
House speaker Nancy Pelosi, D-Calif., at a rally organized by the “Paid Leave for All” cross-country bus tour on Aug., 2021 in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images Earlier this month, Paid Leave for All wrapped up a two-week nationwide campaign tour that included 10 states and 14 stops. The
Prostock-Studio | iStock | Getty Images If you get your health insurance through the public marketplace and are nearing age 65, don’t forget about Medicare. The general rule is that you must enroll when you reach that age unless you have qualifying coverage elsewhere — and plans through the exchanges (whether federal or state) do
In this article SPRT The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Shares of Support.com are poised to extend their massive GameStop-style rally as Reddit-obsessed retail investors zoned in on the heavily shorted software name. The
In this article ASTR Rocket LV0006 tilts during liftoff. Astra / NASASpaceflight Rocket builder Astra‘s stock fell sharply Monday after the company’s launch attempt over the weekend failed following a problem at liftoff. The company’s LV0006 rocket tilted and slide sideways a moment after getting off the ground in Alaska, which Astra CEO Chris Kemp
Bangkok ranked No. 1 on a new list of top global “workation” destinations from Holidu.co.uk. Getty Images As telecommuting has proven necessary, practical and long-lasting for many amid the pandemic, a common thought’s been occurring to employees worldwide — why work from home when you could work by a beach, or at a Parisian café?
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August. Dow futures rose just 11 points.
Traffic moves bumper to bumper along I-10 West as residents evacuate towards Texas before the arrival of Hurricane Ida in Vinton, Louisiana. Adrees Latif | REUTERS Hurricane Ida made landfall in Louisiana on Sunday as a Category 4 storm with winds of 150 miles per hour, one of the strongest storms to hit the region since
Michele Treacy and family with her late father Col. Lester Marlon Romine Courtesy of: Michele Treacy Michele Treacy lost her father at the beginning of the pandemic. However, a delayed tax refund has prolonged the grief she and her family are feeling and prevented them from finding closure. Treacy’s father, Col. Lester Romine, 91, passed
In this article MSFT TGT AMAT WOOF NVDA A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters As the year progresses, the vast majority of companies have already posted their latest quarterly results. The economic recovery ramped up throughout the
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. “I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,” the chief
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images A jury found Walmart broke the law when it fired a longtime employee with Down syndrome.
MoMo Productions | Getty Images More than a year into the Covid-19 pandemic, many American employees who have been working from home are itching to get moving again. But that doesn’t necessarily mean returning to the office. For many, it means finding new jobs. A survey released by Bankrate.com this week found that 55% of
In this article FISV Oscar Wong | Moment | Getty Images Company: Fiserv Inc. (FISV) Business: Fiserv provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images In a bombshell revelation just days before her criminal fraud trial, defense attorneys for Elizabeth
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s virtual Jackson Hole symposium. Markets do not expect Powell to break any major
Oil firms on Saturday cut nearly 91% of U.S. Gulf of Mexico crude oil production, roughly 1.65 million barrels, as Hurricane Ida makes its way toward major U.S. offshore oilfields, according to the Bureau of Safety and Environmental Enforcement. The regulator also estimated that roughly 84.87% of natural gas production in the Gulf of Mexico has
President Donald Trump has revealed a new strategy for Afghanistan that committed to maintaining US forces in the war-torn country while increasing pressure on Pakistan to crack down on havens used by terrorists ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial
A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings
For years, Tesla CEO Elon Musk warned people about the dangers of AI-powered robots, even predicting “scary outcomes” like in “The Terminator.” Now, he seems to be taking matters into his own hands before humanity is overrun. The electric vehicle company will develop a humanoid robot prototype dubbed the “Tesla Bot,” Musk announced at Tesla’s
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