Biden administration warns of ‘historically large increase’ in student loan defaults without debt forgiveness

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images Student loan default rates could dramatically spike if the Biden administration’s loan forgiveness plan is blocked, a top official at the U.S. Department of Education said…

Retirement savers seek safe havens within their 401(k) plans. They may regret it later

Yongyuan | E+ | Getty Images Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have done so just last month. Investors sold out of target-date funds and large-cap U.S. stock funds in October in…

Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says

In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT Months of market swings have taken a heavy toll on retirement savers. The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider…

Ticketmaster extends presale period for Taylor Swift ‘Eras’ tour to deal with ‘unprecedented demand’

Taylor Swift poses with her awards during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Never doubt the power of Taylor Swift. Ticketmaster has extended presales for tickets to Swift’s upcoming “Eras” tour after fans flocked to the…

Goldman Sachs paid $12 million to female partner to settle sexism complaint, Bloomberg reports

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs paid more than $12 million to a former female partner to settle claims that senior executives created a hostile environment for women, Bloomberg reported Tuesday. The…

Self-made millionaire Barbara Corcoran shows off ‘the best thing’ in her closet—and it cost less than a penny

Real estate broker Barbara Corcoran may be a self-made millionaire, but that doesn’t mean she can pass up a good deal. The star of ABC’s “Shark Tank” recently posted a video tour of her closet on Instagram, pulling out her most and least expensive items — both of which she said she loves. “I like…

Op-ed: Opportunities await investors in the tech sector. Here is a corner that’s ripe for growth

Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE As we see valuations soften in many parts of the market today, it can feel like an uncertain time for investors, especially in technology.  However, on close examination, investing specifically in enterprise software will continue to be one of the best uses of…

Op-ed: Here are 6 stocks with excellent vital signs in the health-care sector 

Me 3645 Studio | Moment | Getty Images Cautious investors are turning over every rock in the equities market in search of stocks that have not only high growth potential, but also a record of resiliency in downturns. Yet this dual advantage — a good offense and a good defense — really isn’t that hard…

Deadline looms to use easy filing tools to sign up for missing $1,400 stimulus checks, child tax credit payments

Thomas Barwick | Digitalvision | Getty Images If you haven’t filed a 2021 federal tax return, there may be a chance you could be missing out on some generous tax credits. A simplified filing tool — GetCTC.org — will let you submit your information in order to receive any money due to you. But you…

Shaky Economic and Fiscal Outlook Requires Stable and Pro-Growth Tax Extenders Policy

At the end of each year, policymakers face a series of expiring tax provisions that are typically extended on a temporary basis, setting up a recurring and almost ritualistic tax extenders season. At a time of heightened concerns about the economy, high deficits, and inflation, policymakers should prioritize stability and economic growth by making permanent…