dowell | Moment | Getty Images Treasury bill yields have climbed over the past few months, with one-month to one-year terms currently topping 5%, as of June 1. However, there are a few things for everyday investors to know about the Treasury bill purchase process, according to financial experts. Treasury bills, or T-bills, have terms
The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October — is expected to veto the bill. Getty Images | Bloomberg A GOP-led effort to overturn President Joe Biden’s sweeping student loan forgiveness plan passed the Senate
Artificial intelligence is advancing so rapidly, it can be hard to speculate about its effects on elders. What we can see is that applied to healthcare, it could be very positive. For older adults with multiple chronic conditions, there are different doctors with different perspectives, each a specialist in one thing. For anyone who has
As the debt limit drama plays out, Americans might be wondering if there is a better way to prevent defaulting on U.S. debts and perhaps inducing a global recession or depression. President Joe Biden, along with many commentators, has speculated that a president can bypass Congress by using the 14th Amendment to the Constitution. But
Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury condos. The reason behind this comes down to scarcity. Because cities limit the amount of housing that can be built, developers focus on attracting the wealthiest occupants instead of catering to everyone. Consider this metaphor: Imagine you are
By Rotation, a U.K.-based clothing rental app, hopes to eliminate the need for fast fashion by making peer-to-peer clothing rental mainstream in the United States. The startup expanded to the United States in May. By Rotation aims to grow usage in New York City this year before expanding to two other major U.S. cities next
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s company signage is seen at the Herald Square store on March 02, 2023 in New York City. Michael M. Santiago | Getty Images Macy’s on Thursday beat Wall Street’s earnings expectations, but cut its full-year guidance after discretionary sales weakened significantly in March.
GetYourGuide CEO Johannes Reck. GetYourGuide German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel services in the summer, further an expansion into the U.S., and invest in large language models and other artificial intelligence tools. The Berlin-based company said Thursday it had raised the
Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index’s updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker
Djelics | E+ | Getty Images During the past year, the rate at which Americans quit their jobs has steadily declined from a record high back to pre-pandemic levels — seeming to spell the end of the labor market trend that came to be known as the “great resignation,” labor economists said. The “quits rate”
Twenty-year-olds are saving for retirement. These are Generation Z’s, whose members were born between 1997 and 2012. Their efforts embrace several key points for a successful retirement plan, including the role of mentors. Starting Early By starting young in saving for retirement, Generation Z will greatly benefit from the math of compounding, which will grow
Terry Savage and I are collecting Social Security horror stories and posting them at my substack site, larrykotlikoff.substack.com. Sign up for free and take a read. If you have a story, send it to terry@terrysavage.com. I copy below a story we just received. I thought I’d heard it all. But here we have the case
Forbes Global Properties The rarity of the exceptional location comes into play in the appeal of this Colorado home, which brings privacy, proximity, the sounds of water and the hushed quiet of the forest to the table. Set on a hillside in the sanctuary-like Buffehr Creek neighborhood of Vail, the mountain contemporary sits on a
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas. Brandon Bell | Getty Images Nordstrom‘s fiscal first-quarter sales topped Wall Street’s expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months.
In this article CRWD OKTA CRM AI CHWY PSTG JWN Follow your favorite stocksCREATE FREE ACCOUNT Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the high-end department store jumped 9%
House Speaker Kevin McCarthy, R-Calif., arrives at the U.S. Capitol on May 31, 2023. Sarah Silbiger | Bloomberg | Getty Images Borrowers, advocates and progressives don’t want to see the payment pause on student loans come to an end. But that is a part of the debt-ceiling deal, which could be voted on and approved
After housing, transportation is the second-biggest expense for Americans age 65 and older. This demographic spent a mean of $7,160 on transportation in 2021, according to the U.S. Bureau of Labor Statistics. That’s about $600 per month. Keep in mind that 2021 was a pandemic year. People weren’t driving nearly as much as they would
Former IRS Commissioner David Kautter, now with RSM, discusses the recently released report on the feasibility of an IRS-run direct file program. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: cutting out the middleman.
In February of 2022, real estate developer M. Patrick Carroll relocated his company Carroll to Florida and purchased a brand new Miami Beach estate for $16350000. This incredible home was designed from the ground up by legendary architect and designer, Achille Salvagni. Completed in 2020, the home is truly a work of art in itself—inspired