The Biden administration has implemented a new income-driven repayment plan, known as SAVE, which has resulted in millions of federal student loan borrowers being placed in administrative forbearance. This means that eligible borrowers enrolled in the SAVE plan will not have to make any payments on their debt while the legal battle surrounding the program
admin
Billionaire investor Bill Ackman recently made headlines by announcing the postponement of the highly scrutinized listing of Pershing Square’s U.S. closed-end fund. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced. Ackman is now looking to raise $2.5 billion to $4 billion
The latest addition to the Marvel Cinematic Universe, “Deadpool & Wolverine,” has hit the ground running with an impressive $38.5 million in Thursday previews. This is just the beginning, as the film is projected to shatter records with a domestic debut expected to exceed $150 million. The excitement surrounding the first R-rated film in the
In a groundbreaking move, luxury conglomerate LVMH has solidified its position as an official sponsor of the Olympics, marking the first time a luxury brand has ventured into this territory. With the empire of LVMH encompassing renowned brands such as Celine, Louis Vuitton, Loewe, Tiffany, TAG Heuer, and Dom Perignon, this sponsorship deal required a
Bristol Myers Squibb recently reported its second-quarter earnings, surpassing expectations and raising its full-year guidance. The pharmaceutical giant saw an increase in revenue, with its full-year revenue forecast expected to be at the “upper end” of the low single-digit range. This positive development is a significant improvement from its previous guidance in April. In line
Living in a major city in Asia can come with a hefty price tag, especially in cities like Hong Kong and Singapore. According to data from Numbeo, the monthly rent in Shanghai’s city-center can cost approximately $2,700. However, in Hong Kong and Singapore, a family of four can expect to spend an estimated $9,000 a
The recent approval of spot ether exchange-traded funds marks a historic week for the cryptocurrency markets. Nine applicants, including Franklin Templeton and VanEck, received the green light from the Securities and Exchange Commission, signaling a new era in digital asset investment. Franklin Templeton, the brains behind the Franklin Ethereum ETF (EZET), expressed optimism about the
A recent study conducted by the National Institute on Retirement Security revealed that only 11% of non-retirees are fully aware of the exact amount of Social Security benefits they can expect to receive. The majority of Americans, approximately 46%, do not have a clear idea of their benefit amounts. This lack of awareness can have
In a series of transactions over six consecutive trading days, Berkshire Hathaway has been consistently lowering its stake in Bank of America. The conglomerate, led by Warren Buffett, has sold off a total of 52.8 million Bank of America shares, amounting to $2.3 billion. This has reduced its stake in the bank to 12.5%, despite
Vice President Kamala Harris has been a strong advocate for affordable housing throughout her career, encompassing her time as attorney general for California to her current role in the Biden administration. Harris has been involved in various housing policy initiatives, such as the California Homeowner Bill of Rights and introducing the Rent Relief Act in