Nosystem Images | E+ | Getty Images A college education was supposed to help close the wealth gap for Black Americans. Yet, researchers are finding the opposite is true, thanks to student loan debt. Black families’ median wealth is less than 15% of that of white families, according to the Federal Reserve’s 2019 Survey of
Month: June 2022
In Manhattan, sellers have had the upper hand since late 2020. In Brooklyn, sellers have held an advantage for even longer. However, the past weeks have seen a notable slowdown in contract signings in both boroughs. There are myriad potential reasons that could be happening. For starters, it could be due to the fading post-pandemic,
By Richard Eisenberg, Next Avenue We all want value when shopping for a car, a home or a college for our kids. So, it seems only natural that value-based health care — where health care providers get rewarded with bonus payments for better patient health outcomes and penalized for poorer outcomes — would be a
Troy Millings, left, and Rashad Bilal of Earn Your Leisure Source: Earn Your Leisure Social influencers focused on financial education for the Black community are emphasizing a message of financial freedom this Juneteenth as the nation commemorates the end of slavery in the United States. “I definitely feel the Juneteenth remembrance should have a level
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through a wicked bout of inflation and away from
Most kids between 8- and 13-years-old spend their days riding bikes, playing video games and avoiding homework. Ray Dalio, Bill Gates and Jack Dorsey weren’t most kids. The trio of billionaires each found their professional calling before turning 15. And while their early exposure to finance, tech and business was somewhat serendipitous, Dalio says he
Ciydemimages | E+ | Getty Images For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money. Diaz, a mother of three who lives outside Orlando, Florida, received more than $10,000 from three rounds of “economic impact payments.” They were among the 472 million
Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant finds Gen Z entrepreneurs disrupting ideas about workplace hustle and the traditional 9-5 day. Many recent Gen Z college graduates are flipping the
The origins of any house involve a backstory. This tale starts in 1946, long before the home itself, when a young architect and Notre Dame graduate was on a cross-country road trip. His Ford broke down when he was passing through Santa Fe, and he didn’t have the funds to pay for repairs. So he
By Randi Mazzella, Next Avenue Years ago, Tracy Beckerman moved from New York City to the suburbs of New Jersey with her husband to raise her two children. But when the kids grew up and left the nest, her husband urged her to move back into the city. “He is a musician and works in
In this article SBUX A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North American president Rossann Williams is leaving the company and will be replaced by the head of the coffee chain’s Asia Pacific division.
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters
There’s a lot of misinformation surrounding new IRS cash app rules that went into effect January 1, 2022, and many users worry their transactions on apps like PayPal, Zelle, Cash App, or Venmo will be taxed. Social media posts, like this tweet that was published on September 15, have claimed that starting January 2022, if
Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. And 43% either strongly (14%) or
Juneteenth, known as Freedom Day, Emancipation Day, Jubilee Day and Liberation Day, commemorates the day in 1865 when the federal army reached Texas to ensure that enslaved people in the state were freed. Union General Gordon Granger brought news of the end of the war and the Emancipation Proclamation, which had been signed more than
Topline With stocks falling into a bear market this year amid fears that aggressive rate hikes from the Federal Reserve will plunge the economy into a looming recession, top firms on Wall Street are advising investors to stick with stocks that have historically performed well during past downturns, such as consumer and healthcare companies. Key
In this article WBD Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle | Bauer-Griffin | Filmmagic | Getty Images It’s time for Warner Bros. Discovery to talk about Ezra Miller, according to crisis management experts. The actor, who portrays
Chinese President Xi Jinping spoke Friday via video at the St. Petersburg International Economic Forum’s plenary session, which Russian President Vladimir Putin opened with a speech over an hour long. This picture is from Putin’s visit to Beijing in early February 2022. Alexei Druzhinin | AFP | Getty Images BEIJING — Chinese President Xi Jinping
Calling all brainiacs: Bill Gates wants people with high IQs to work for climate-friendly businesses instead of flocking to Wall Street. At a recent TechCrunch event, Gates spoke about how his climate-focused fund, Breakthrough Energy, has attempted to lure the types of high-IQ employees who’d otherwise be seeking lucrative gigs in fields like investment banking.
Students participate in the Global Climate Strike march in New York City. Johannes Eisele | Afp | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year,
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