Companies like the Consumer Financial Protection Bureau (CFPB) have started keeping a close eye on earned wage access programs. These so-called paycheck advance programs have become increasingly popular among workers in recent years. What analysts initially referred to as earned wage access programs, some felt that they were being put through the guise of offering
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In a recent press conference, top Chinese officials reiterated the country’s commitment to focusing on its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of ensuring the national economy can run smoothly by prioritizing
In a recent development, a federal appeals court has issued an order temporarily halting the implementation of the Biden administration’s new student loan repayment plan, known as SAVE. This court ruling has put a pause on the entire Saving on a Valuable Education plan, which was hailed as the most affordable student loan plan ever
Penn Entertainment, a major player in the gaming and media industry, has recently announced that it will be laying off approximately 100 employees as part of its efforts to focus on the growth of ESPN Bet. The decision comes following the company’s acquisition of Canadian media and gaming powerhouse theScore in 2021. CEO Jay Snowden
In a surprising turn of events, billionaire investor Ken Griffin made headlines by purchasing a late Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. This purchase marked the most valuable fossil ever sold at an auction, surpassing all expectations. The stegosaurus, named “Apex,” is estimated to be around 150 million years
Aspiring homeowners often find themselves in a dilemma when it comes to deciding if they are financially prepared to make the leap from renting to buying. According to the analysis by Zillow, a significant number of renter households in 2022 could have afforded to purchase a home based on their income levels. However, it appears
The $7,500 federal EV tax credit has been a hot topic since the Inflation Reduction Act was signed by President Joe Biden in 2022. While the credit is mainly associated with buyers of new electric vehicles, there is also a lesser-known way for consumers to access the credit through leasing. This alternative route, known as
Ford Motor Company recently announced a significant shift in its production plans, opting to expand the production of its large Super Duty trucks to a Canadian plant instead of converting it into an all-electric vehicle hub. This decision comes as part of a $3 billion investment to enhance Super Duty production, with $2.3 billion allocated
Taiwan Semiconductor Manufacturing Company (TSMC) has once again exceeded revenue and profit expectations in the second quarter. With revenue of 673.51 billion New Taiwan dollars ($20.82 billion) and net income of NT$247.85 billion, TSMC has shown impressive growth compared to LSEG consensus estimates. The company’s net revenue rose by 40.1% from the previous year, showcasing
Volvo Cars experienced a significant increase in its operating profit for the second quarter, leading to a surge in its stock value by 7.11% by 9:04 a.m. London time. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% rise from the previous year. This exceptional performance was the highest