President Joe Biden could make his announcement on student loan forgiveness as soon as Wednesday, five sources with knowledge of the matter told NBC News. Administration officials repeatedly said the decision would come before the end of August, when monthly loan payments are scheduled to resume after being paused for over two years as part
General manager Billy Eppler and Owner Artie Morena look on as Joe Madden speaks to the media during a press conference where he was introduced today as the new manager of the Los Angeles Angels during a press conference at Angel Stadium of Anaheim on October 24, 2019 in Anaheim, California. Jayne Kamin-oncea | Getty
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even
In this article ZM PANW MDT Source: Nasdaq Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank 16.5% after missing on revenue estimates for the previous quarter due to a strong dollar. The videoconferencing company also cut its forecast for the full year amid slowing revenue growth. Twitter –
On Monday, Dr. Anthony Fauci announced that he will depart from his positions as President Joe Biden’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases at the end of the year. The 81-year-old won’t be fully retiring just yet. In his announcement, Fauci didn’t specify his future plans, but
dowell | Moment | Getty Images After nearly eight months of market volatility, many investors still worry about rising interest rates and how those changes affect their portfolio. Some 88% of investors are concerned about rising inflation and interest rates, according to a J.P. Morgan Wealth Management study published Monday, polling more than 2,000 Americans,
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price
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An Apartment For Rent sign seen in the Upper East Side of Manhattan. Adam Jeffery | CNBC Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally rents rose just 0.8% between
In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting
Take a look at some of the biggest movers in the premarket: Zoom Video Communications (ZM) – Zoom tumbled 11.5% in the premarket after the videoconferencing company cut its full-year forecast. Zoom reported better-than-expected earnings for its latest quarter, but revenue fell short of forecasts. Zoom’s CFO said the company is having some difficulty attracting
In 2014, I graduated college with a tidal wave of medical school rejections. In search of a new career plan, I spent the next few years making money however I could — modeling, tutoring, and even working as a real estate agent. But in 2018, I began posting personal finance videos on YouTube. It wasn’t
Air conditioner units for sale during a heat wave in Austin, Texas, on Tuesday, July 19, 2022. Sergio Flores | Bloomberg | Getty Images Labor Day deals are already underway, with big discounts on summer clothing, appliances and outdoor furniture. “Sales have already started,” said Julie Ramhold, a consumer analyst at DealNews.com. For cash-strapped consumers, this
Customers shop at a Walmart in Houston on Aug. 4, 2021. Brandon Bell | Getty Images After a year-long dip, household cash flow will begin growing again right after Christmas, and accelerate through the new year, according to new research by analysts at Goldman Sachs. These gains will reverse a year of negative growth of
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The Good Brigade | Digitalvision | Getty Images Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June,
In this article DWAC The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Digital World Acquisition Corp., the special purpose acquisition company that agreed to take Trump Media and Technology Group
In this article CTRN Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to exceed 18% in January as the country’s energy price cap enters the stratosphere, Citi economists are projecting.
The Deep Dive Dubai pool has been verified by Guinness World Records as the world’s deepest swimming pool Deep Dive Dubai DUBAI, United Arab Emirates — Aside from the year-round sun and a mammoth well-serviced international airport, Dubai keeps drawing in hordes of overseas visitors due to an unmatched flair for publicity bolstered by a
A pedestrian carries shopping bags in San Francisco, California, US, on Wednesday, June 1, 2022. David Paul Morris | Bloomberg | Getty Images Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards. To that point, 47% of