Under the management of the Trump administration, the U.S. After temporary implementation by the U.S. Department of Education, the Small Business Administration (SBA) will assume this role. Almost overnight, President Donald Trump signed an executive order to begin dismantling the Education Department entirely. Consequently, the SBA supplanted its duties for...
As those college acceptance letters hit mailboxes, families are receiving financial aid offers, too, and those can be tremendously confusing. While navigating these offers and advocating for further assistance can feel daunting, experts say it can go a long way in lowering the cost of college. The majority of colleges...
A new U.S. appeals court ruling has put income-driven repayment (IDR) plan applications out of reach for potential borrowers. Consequently, borrowers are unable to access these applications right now. This disruption denies millions of borrowers the simple, fair, popular, and effective ability to manage their monthly payments in line with...
The American Federation of Teachers (AFT) is suing the U.S. Department of Education. They’re suing to stop the department’s plan to deny access to affordable long-term repayment plans for millions of student loan borrowers. It was AFT president Randi Weingarten who filed the lawsuit. To help borrowers in the pandemic,...
President Donald Trump is expected to sign an executive order Thursday. This action specifically addresses the efforts to dismantle the U.S. Department of Education. Additionally, the move creates new uncertainty over the department’s $1.6 trillion federal student loan portfolio, injecting new confusion for borrowers. The Education Department has already been...
Since that initial effort, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has been pretty busy adding 80 organizations to its “entity list.” Over half of these folks are based in China. This move prevents US firms from shipping technologies to these groups without government licenses. The...
Ellen Pompeo, star of the long-running medical drama "Grey's Anatomy," revealed the pivotal role Shonda Rhimes played in securing her $20 million-a-year contract. Pompeo discussed her journey to achieving financial independence and advocating for other women in a recent appearance on the "Call Her Daddy" podcast. The actress emphasized the...
23andMe, the California-based personal genomics company, has today made a formal Chapter 11 bankruptcy protection filing. This decision deepens uncertainty about the long-term fate of its extensive genetic database. The company has faced recent and unprecedented scrutiny by the public for its data privacy practices. Now, as part of the...
This company, GameStop, has in part chosen to park some of their corporate cash reserves into Bitcoin. This decision is made all the more surprising given the company recently announced a staggering net income of $131.3 million for their fourth quarter. The board’s vote of unanimous confidence authorized the entire...
GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...
The Conference Board’s measure of consumer expectations for the future—which is especially important right now—took a 19-point plunge. This sudden decline led to widespread fears of an impending recession. The measure, a critical driver of the Consumer Confidence Index, sunk 9.6 points to an all-time low of 65.2. This is...
Former President Donald Trump had very publicly supported National Security Advisor Michael Waltz. This backing followed the news over the weekend when it was revealed that Waltz helped facilitate a major security breach. Waltz allegedly invited a reporter into a Signal chat room where high level officials were hashing out...
The majority of Chief Financial Officers (CFOs) predict a recession to arrive in the second half of 2025. This tidbit is from the most recent CNBC CFO Council Survey. The survey points to increasing worries over economic dampening effects, increased inflation, and the chilling effects of current policy on business...