The Biden administration is moving forward swiftly with a new student loan forgiveness plan, aiming to begin relieving people of their debts as early as this fall. This initiative is seen as a crucial step in the lead-up to the next presidential election, as it tackles issues that sharply differentiate Democrats from Republicans. According to
When it comes to filing your taxes, time management is crucial. Many Americans find themselves overwhelmed and unprepared to file their taxes on time. According to a recent survey, 1 in 4 Americans admit to feeling unprepared, with 29% confessing to procrastinating. This is where filing for a federal tax extension can come in handy.
Federal Reserve officials gathered at their March meeting were apprehensive about the pace at which inflation was decreasing, despite the expectation of interest rate cuts later in the year. The Federal Open Market Committee voted to maintain the current short-term borrowing rates and expressed unease over the fact that inflation, although declining, wasn’t doing so
Recent data from the Consumer Price Index in March showed an unexpected rise in inflation, which has led to the Federal Reserve taking a cautious approach towards lowering its benchmark rate. Earlier predictions of multiple rate cuts this year are now less likely as the central bank keeps an eye on inflation trends. Mark Higgins,
Wealthy U.S. families are increasingly seeking second citizenships and national residences as a way to mitigate their financial risk. This trend has been highlighted by a leading law firm that specializes in high-net-worth citizenships. The concept of “passport portfolios” has gained popularity among the wealthy, with many individuals now holding multiple citizenships to hedge against
Taiwan Semiconductor Manufacturing Co. (TSMC) recently reported a significant increase in monthly revenue for the month of March, showcasing its dominance in the artificial intelligence (AI) chip market. With total revenue of 195.2 billion new Taiwan dollars ($6.1 billion) in March alone, TSMC experienced a 34.3% year-on-year growth rate, the fastest pace since November 2022.
New York Community Bank (NYCB) has recently raised the annual percentage yield for its savings account to 5.55%, making it the highest in the country. This move has caught the attention of industry analysts like Ken Tumin, who track rates for DepositAccounts. Tumin suggests that this aggressive rate increase could be a sign that NYCB
China’s economy is facing challenges, especially in the housing market. Richard Koo, chief economist at Nomura Research Institute, expressed the need for China to instill confidence in the public regarding home prices in order for economic activity to rebound. The demand for new loans has been lackluster, and home prices have been on a downward
Toyota Motor recently announced the unveiling of the new 2025 4Runner SUV, marking the first redesign of this model in nearly 15 years. This update completes the recent redesign of the automaker’s trucks and SUVs lineup. The new 4Runner features a refreshed look, reminiscent of the recently redesigned Toyota Tacoma pickup, and comes with a
General Motors’ Cruise self-driving vehicle unit is set to make a comeback on U.S. roadways after a hiatus following an unfortunate incident in October. The company announced that it will redeploy cars in Phoenix, starting with a small fleet of human-driven vehicles. This shift in operations comes in the wake of the accident that occurred