Month: November 2023

Tetra Images | Digitalvision | Getty Images Feeling the pressure of inflation and rising interest rates over the past few months, an increasing number of consumers have been making credit card payments 30 days late or more, according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit. That
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After the Supreme Court rejected President Joe Biden’s sweeping forgiveness plan earlier this year, the president announced a series of other relief measures for student loan borrowers.  Already, Biden has managed to erase $127 billion in education debt for more than 3.5 million borrowers, largely through Public Service Loan Forgiveness and income-driven repayment plans. The most beneficial so
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Former South Carolina Governor Nikki Haley, who appears to be winning increasing support among Republicans in the race for her party’s 2024 presidential nomination, is running on a fairly standard GOP tax and budget platform. But it includes important twists and some inconsistencies with her record as governor. She backs big tax cuts for individuals
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In this article 7974.T-JP Follow your favorite stocksCREATE FREE ACCOUNT A statue of Nintendo’s video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it continues to get
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History seeps from the walls of the Old War Office in Whitehall, London, Winston Churchill’s former workplace. Once the beating heart of Britain’s military empire, the headquarters from which some of the most consequential decisions in modern U.K. history were made, the building is now forging a new future as one of the capital’s leading
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Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large jump in the third quarter,
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U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington on Nov. 7, 2023. Kevin Lamarque | Reuters Treasury Secretary Janet Yellen on Tuesday announced IRS goals for the 2024 tax filing season and shared agency updates amid continued scrutiny from some Republican
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Toronto Star | Toronto Star | Getty Images A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry.  The real estate compensation model is at the heart of the issue. Plaintiffs contend that commission rates are too high, buyer brokers are being overpaid, and
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