Biden announces new student loan forgiveness plan for borrowers making less than 125K
Under the Higher Education Act, the Biden administration is taking another shot at student loan forgiveness after SCOTUS struck down its plans.
Crocs sues rival Joybees over stolen trade secrets by former manager, intellectual property
In the new lawsuit, Crocs allege Joybees and their CEO of stealing trade secrets and unfair competition.
Biden administration announces SAVE plan after SCOTUS student loan decision
The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.
Mortgage rates inch to the highest level so far this year: Freddie Mac
The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac's latest Primary Mortgage Market Survey.
Christmas Tree Shops to close all stores after filing for bankruptcy in May
The business, which sells a variety of discounted home goods, filed for Chapter 11 bankruptcy in May.
Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
Record number of Americans expected to travel this 4th of July: AAA
More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.
Teamsters give UPS ultimatum, demanding best contract offer by Friday or risk 'imminent' strike
The Teamsters leader blasted UPS executives for being another "corporation that wants to keep all the money at the top."
Apple is now the first publicly traded company valued at $3 trillion
Apple is now the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.
Supreme Court strikes down Biden's student loan forgiveness plan – what's next?
The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.
'Job-leaving agents' help people escape awkwardness of quitting in Japan
In Japan, a nation known for loyalty to companies, people who job-hop are often viewed as quitters -- which is considered shameful. Enter “taishoku daiko," or “job-leaving agents."
Online retailer Overstock to rebrand itself as Bed Bath & Beyond
The online retailer Overstock is dumping its name. Here's how Bed Bath & Beyond will live on for consumers in the U.S. and Canada.
Borrowers may see credit scores change once federal student loan payments resume
Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.
Here's where homes face the biggest risk for natural disaster
Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.
Costco cracks down on its membership sharing polices
The retailer revealed it will tighten its membership polices in response to its self-service checkout expansion.
Skyrocketing car insurance costs push some drivers to forgo coverage
Drivers paid more for insurance in 2023 than they did the year before and many are considering doing without, according to a recent Policygenius survey.
Rihanna resigns as CEO of lingerie brand Savage X Fenty
Rihanna became a billionaire because of her Fenty Beauty line, and has since included the Savage X Fenty lingerie, skincare and a fashion brand. Here's who the new CEO will be.
3M settles 'forever chemicals' water pollution lawsuit for $10B
Chemicals manufacturer 3M announced that it has reached a $10.3 billion settlement with U.S. public water suppliers that have detected PFAs – known as "forever chemicals" – in their drinking water.
Bud Light launches 'biggest summer campaign ever,' giving away $10K weekly amid sales slump
Bud Light’s parent company Anheuser-Busch InBev is tripling its U.S. marketing spending this summer as it tries to boost sales that plummeted after the brand partnered with a transgender influencer.
Used car prices soar as demand for limited inventory grows, report says
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.