The first presidential debate between U.S. President Joe Biden and former U.S. President and Republican presidential candidate Donald Trump is projected on a screen projector during a watch party hosted by the Michigan Conservative Coalition in Novi, Michigan, U.S., June 27, 2024. Emily Elconin | Reuters With interest rate cuts from the Federal Reserve likely … Read more
President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC. Kevin Dietsch | Getty Images A federal appeals court on Thursday issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known … Read more
A server scooping ice cream at the Freddo Gelato Shop in Miami Beach, Florida. Jeff Greenberg | Universal Images Group | Getty Images Teen summer jobs are back. Last month, more than 5.7 million 16- to 19-year-olds participated in the labor market, Bureau of Labor Statistics data shows, marking the highest teen employment rate in … Read more
Maskot | Maskot | Getty Images Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax … Read more
US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty Images The Biden administration announced it will cancel $1.2 billion in student debt for 35,000 workers, as a result of its recent fixes to a popular debt relief program for … Read more
Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock. An estimated 50 million Americans are “credit invisible,” according to a 2022 fact sheet from the Office of the Comptroller of the Currency’s … Read more
Trump’s pick for Vice President, U.S. Sen. J.D. Vance (R-OH) arrives on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Joe Raedle | Getty Images The clock is ticking to fix Social Security’s funds. The next White House administration may have a powerful role … Read more
A Melbourne student is $4.8 million richer after winning The Lott’s Set For Life division one prize in Monday’s draw. The man, aged in his 20s, will pocket $20,000 a month for the next 20 years. “I have butterflies in my stomach, it’s so unexpected,” he told The Lott officials when they rang him with … Read more
Australia’s top-performing superannuation funds have been revealed, with members reaping the benefits of an “impressive” year of returns, according to new research. International technology and Australian banking shares helped drive above-average returns over 2024, investment research group Lonsec’s SuperRatings said. SuperRatings found the average balanced investment super fund returned 8.8 per cent to members for … Read more
Automakers are turning to aggressive discounts to boost stagnating electric vehicle sales, especially on leases. Some EVs, and some EV buyers, are not eligible for the $7,500 federal tax credit. High income buyers can’t receive the credit, nor can cars made outside the United States, for example. However, leasing offers a loophole that bypasses all … Read more
