Category: Finance

People walk on the campus of the University of Southern California (USC) on March 21, 2024 in Los Angeles, California.  Mario Tama | Getty Images Around 9.7 million student loan borrowers became past due on their bills after the Covid-era payment pause expired, according to a new estimate by the Federal Reserve Bank of New York. After […]

Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, DC, March 25, 2025.  Saul Loeb | AFP | Getty Images President Donald Trump’s nominee to lead the Social Security Administration, Frank Bisignano, faced senators’ questions on Tuesday as to how […]

Nitat Termmee | Moment | Getty Images The odds of a U.S. recession have risen amid an escalating trade war. But most investors should ignore the impulse to flee for safety by exiting the market, financial experts say. Instead, the best way to brace for an economic shock is by double-checking fundamentals like asset allocation […]

Luxury handbags have outperformed other collectibles in recent years and are increasingly viewed as a potential investment category in the eyes of consumers and analysts, at least according to some recent reports. For the first time, the value proposition of designer handbags from top brands, such as Hermes, Chanel, Goyard and Louis Vuitton are growing […]

A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images A federal judge reprimanded Social Security Administration acting commissioner Lee Dudek on Friday for “making threats about shutting down operations” at the agency. Judge Ellen […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.  Spencer Platt | Getty Images Stock market corrections are common First, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common. There have been 27 market corrections since November 1974, including last […]

David Madison | Stone | Getty Images You could face a 25% penalty Generally, you calculate RMDs for each account by dividing the prior Dec. 31 balance by a “life expectancy factor,” according to the IRS. Some companies calculate RMDs for you, but you’re ultimately responsible for withdrawing the correct amount.   There’s a 25% […]

The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced Wednesday it will leave interest rates unchanged as President Donald Trump‘s tariff policies weigh on economic growth. Although inflation receded last month, an escalating trade war threatens to hike prices on consumer goods going forward. “Tariffs on aluminum, steel and oil are essential elements to production […]

Kindamorphic | E+ | Getty Images A judge ordered the Trump administration to temporarily reinstate some of the education grants it had nixed as part of its work to end diversity, equity and inclusion initiatives. U.S. District Judge Julie Rubin in Maryland said that the U.S. Department of Education’s termination of the grant awards is […]

For college hopefuls, there is a letter that is arguably more significant than an acceptance notification: the financial aid award. Nearly 75% of all undergraduates receive some type of financial aid, according to the National Center for Education Statistics. For a majority of students and their families, financial aid is the most important factor in their decisions about […]