2023-05-31 20:06
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Keeping residents of kasarani and its environs informed and entertained with the latest and trending stories
2023-05-31 18:58
The economic impact of the pandemic has faded since President Donald J. Trump first paused student loan payments in March 2020. Many Americans lost their jobs at the outset of the public h… Read More
2023-05-30 21:04
Miniseries | E+ | Getty Images
Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-b… Read More
2023-05-30 20:03
Anadolu Agency | Anadolu Agency | Getty Images
Deal ends the payment pause, likely for good
The pause on federal student loan payments is one of the few remaining Covid-related reli… Read More
2023-05-30 19:02
Visitors at the U.S. Capitol in Washington, D.C., on May 24, 2023.
Jonathan Ernst | Reuters
A tentative deal to raise the debt ceiling limit includes up to $21.4 billion of IRS budg… Read More
2023-05-30 18:28
PepsiCo is not alone in continuing to raise prices. Other companies that sell consumer goods have also done well.
The average company in the S&P 500 stock index increased its net profi… Read More
2023-05-29 18:34
These days, many people are worried about paying for college. Less than half of Americans are confident that they’re currently saving enough for future education expenses… Read More
2023-05-29 17:57
The deal announced on Saturday contains smaller cuts. But the even bigger difference today is economic conditions. The unemployment rate is 3.4 percent. Prices are growing by more than 4 p… Read More
2023-05-28 18:08
A Citibank sign in front of one of the company’s offices in California.
Justin Sullivan | Getty Images
Over the past decade, rising household incomes have helped boost the con… Read More
2023-05-28 17:23
The United States began negotiations for a more traditional trade deal in the Pacific during the Obama administration, called the Trans-Pacific Partnership. The deal was designed to streng… Read More
2023-05-27 22:35
As a growing number of Americans feel priced out of a college education, tuition assistance may be the most valuable incentive companies are using to attract and keep workers.
I… Read More
2023-05-27 21:33
Paramount Global shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder.
Nation… Read More
2023-05-27 20:32
Skynesher | E+ | Getty Images
The pandemic-era policy suspending federal student loan payments has been an especially big win for public servants.
Most borrowers have benefited from… Read More
2023-05-27 19:56
More precisely, the new cash being borrowed is slightly larger than the amount coming due. The Treasury borrowed $120 billion this week across the three different notes. While roughly $150… Read More
2023-05-27 19:31
Have you ever gotten a free flight because of your Delta SkyMiles card? Or maybe you get the advantage of walking through the quick TSA PreCheck line at the airport instead of waiting on… Read More
2023-05-27 18:55
The Treasury Department’s cash balance fell to just under $49.5 billion on Wednesday, as the United States inched toward running out of cash to pay its bills.
That was significantly l… Read More
2023-05-27 18:30
Sopa Images | Lightrocket | Getty Images
Company: Shake Shack (SHAK)
Business: Shake Shack owns, operates and licenses Shake Shack restaurants, which offer hamburgers, chicken, hot… Read More
2023-05-27 17:54
“No one can guarantee there won’t be a default, if for no other reason than the clock is ticking down here pretty quickly,” said G. William Hoagland, a longtime Republica… Read More
2023-05-27 17:29
Yellow Dog Productions | Getty Images
Here are more FA Council perspectives on how to navigate this economy while building wealth.
Preston Cherry, a certified financial pl… Read More
2023-05-27 16:53
“It would be irrational not to do some planning,” said Mr. Rosengren, adding that Ms. Yellen’s background of dealing with financial stability matters makes her well place… Read More
2023-05-26 22:36
“Republicans should not cut a bad deal,” Representative Chip Roy of Texas, an influential conservative, wrote on Twitter, shortly after telling a local radio station that he wa… Read More
2023-05-26 21:35
A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or worse, artificial intelligence is the future.
Whether it… Read More
2023-05-26 20:34
The talks over spending cuts have narrowed in focus to mostly cover a relatively small corner of the budget — what is known as discretionary spending. That spending is split into two… Read More
2023-05-26 20:01
Getty | mihailomilovanovic
The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and t… Read More
2023-05-26 19:33
He blames aggressive internet advertising for some of this (Mr. Laskin learned about Burgerim from a Facebook advertisement, for example), and also a network of third-party… Read More
2023-05-26 19:00
Orna Guralnik on Showtime’s “Couples Therapy.”
Source: Showtime
When I was growing up, my father used to repeat a saying he’d heard as a child from his grand… Read More
2023-05-26 18:31
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.
Michael M. Santiago | Getty Images
A U.S. recession may preve… Read More
2023-05-26 17:58
Nikola Stojadinovic | E+ | Getty Images
1. Connect with your servicer
During the Covid-19 pandemic, several of the largest companies that service federal student loans announced the… Read More
2023-05-26 17:30
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Rese… Read More
2023-05-26 16:57
Iparraguirre Recio | Moment | Getty Images
44% of plans offer a ‘rare’ advantage
Companies use different timelines, or vesting schedules, to determine how long it takes… Read More
2023-05-26 16:30
Americans’ income and spending both rose in April, a sign of economic resilience amid rising prices and warnings of a possible recession.
Consumer spending increased 0.8 percent in A… Read More
2023-05-25 20:06
“Prioritization is not really something that is operationally feasible,” Ms. Yellen said.
This week, Ms. Yellen notified Congress that the federal government could run out of c… Read More
2023-05-25 19:34
Even as inflation cools, consumers still show signs of strain.
As of April, the share of adults feeling stretched too thin held nearly steady at 61%, according to a new Len… Read More
2023-05-25 19:06
Discretionary spending, though, is expected to decline over the decade as a share of the economy. Military spending — which Republicans have thus far refused to reduce as part of tal… Read More
2023-05-25 18:31
President Joe Biden and House Speaker Kevin McCarthy, R-Calif., meet in the Oval Office on May 22, 2023.
Saul Loeb | AFP | Getty Images
As President Joe Biden and House Speaker Kevi… Read More
2023-05-25 18:02
With a potential federal default just over a week away, Speaker Kevin McCarthy renewed his call on Wednesday for President Biden and congressional Democrats to accept spending cuts in exch… Read More
2023-05-25 17:29
Three years after the Covid pandemic, there are more than 1 million fewer students enrolled in college.
“Overall, undergraduate enrollment is still well below pre-pandemic… Read More
2023-05-25 17:02
Policymakers believed that the Fed’s moves over the past year had significantly contributed to tighter financial conditions, and they noted that labor market conditions were starting… Read More
2023-05-25 16:28
Young adults in the United States are taking longer to reach “key life milestones,” including financial independence from parents and living on their own, compared to four dec… Read More
2023-05-25 16:00
The law applies to companies with workers in New York City, but labor experts expect it to influence practices nationally. At least four states — California, New Jersey, New York and… Read More
2023-05-24 18:47
Amid concerns about the U.S. economy and the possibility of a recession, most retirement savers want some sort of assurance they won’t outlive their nest eggs, recent… Read More
2023-05-24 17:46
D3sign | Moment | Getty Images
Taxpayers who use peer-to-peer payment apps such as Venmo and PayPal and e-commerce companies such as eBay, Etsy and Poshmark may be receiving a tax f… Read More
2023-05-24 16:45
Rep. John Larson, D-Conn., leaves the Capitol after the final votes of the week on Feb. 28, 2019.
Bill Clark | CQ-Roll Call Group | Getty Images
At the Tuesday event, Hous… Read More
2023-05-24 16:27
The center noted that the federal government could get a reprieve if it can muster sufficient revenue to make it to June 15, when quarterly tax payments are due. That could push a default… Read More
2023-05-24 15:45
Izusek | E+ | Getty Images
The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts… Read More
2023-05-24 15:26
Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on “Perspectives on Monetary Policy” during the Thomas Laubach Research Conference at the Federal… Read More
2023-05-23 18:57
Once the union wins a few elections, however, “you pull out all the stops,” Mr. Pryzbylski said.
In some cases, the apparent escalation of company pushback has coincided with a… Read More
2023-05-23 17:56
“I’m looking at the 14th Amendment, as to whether or not we have the authority,” he said during a news conference with reporters in Hiroshima, Japan, over the weekend. &l&hellip…Read More
2023-05-23 17:18
Monthirayodtiwong | Istock | Getty Images
If you’re boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you c… Read More
2023-05-23 16:55
One reason the White House is willing to entertain holding spending essentially flat has to do with politics. Given that Republicans control the House, getting an increase in funding for d… Read More
2023-05-23 16:18
When it comes to managing money, women face unique challenges.
Women tend to live longer than men, which means they need their money to last for a longer period of time, accordi… Read More
2023-05-23 15:54
On Monday, Ms. Yellen did not suggest that there might be more time, and she warned that failing to lift the debt limit would be disastrous for the economy.
“If Congress fails to inc… Read More
2023-05-23 15:16
Maskot | Maskot | Getty Images
As new peer-to-peer payment app options emerge for teenagers, experts say it’s an opportunity for parents to teach their kids how to use these f… Read More
2023-05-23 14:53
“I don’t want you to think at the end of the day, the bill that we come up with is going to solve all this problem,” he said. “But it’s going to be a step to… Read More
2023-05-22 15:19
Mr. Biden’s offer would set spending caps for two years. Republicans would set them for six years.
Republicans have also proposed several efforts to save money that White House offic… Read More
2023-05-22 14:39
Articles about emergency funds may have put you to sleep as recently as a year ago. You would have been lucky to find a high-yield savings account paying out 1%-2% at that time… Read More
2023-05-22 14:18
Chip makers that grew up in Silicon Valley have long chosen to build new “fabs,” the sophisticated factories that fabricate chips from silicon wafers, in less costly states and… Read More
2023-05-21 14:50
Even if the markets remain calm, higher borrowing costs drain public resources. An analysis by the Government Accountability Office estimated that the 2011 debt limit standoff raised the T… Read More
2023-05-21 14:07
A customer used an automated teller machine (ATM) at a Truist Bank branch in Dallas, Texas, US, on Friday, April 14, 2023.
Shelby Tauber | Bloomberg | Getty Images
The health care s… Read More
2023-05-21 13:48
Indonesia, which is the world’s biggest nickel producer, has floated the idea of joining with other resource-rich countries to make an OPEC-style producers cartel, an arrangement tha… Read More
2023-05-20 16:45
More than 4 million new college graduates will head out into the world this month, but it could be years before they pay their own own way.
Most people feel like a grownup by th… Read More
2023-05-20 16:24
Representative Garret Graves of Louisiana, whom the speaker appointed to lead negotiations on the debt limit, walked out of the bipartisan talks and said that Mr. Biden’s team was no… Read More
2023-05-20 15:43
The annual contribution limit for health savings accounts, or HSAs, will soon get a sizable boost due to inflation, the IRS announced this week.
For 2024, the yearly limit for self-only H… Read More
2023-05-20 15:23
President Biden told U.S. allies on Friday that he would allow Ukrainian pilots to be trained on American-made F-16 fighter jets, several U.S. officials said, adding that the president is… Read More
2023-05-20 14:42
Even as inflation shows signs of cooling, some investors may be fearing the worst about a potential looming economic downturn.
A recent survey from Nationwide finds more than tw… Read More
2023-05-20 14:22
“Here we are on the brink of a Biden default,” Senator Shelley Moore Capito, Republican of West Virginia, declared this week both in person and via news release, sounding a ref… Read More
2023-05-20 13:40
Marc Debnam | Getty Images
Weddings are expensive, and not just for the bride and groom.
As more couples choose to go all out on their nuptials, the average guest will spend $611 on… Read More
2023-05-20 13:21
Competition for vehicles is also fierce on the low end, since people with thin financial cushions and in-person jobs can’t afford to forgo transportation, which in most of the countr… Read More
2023-05-19 17:18
Most young investors claim they are going to invest more money in the stock market this year compared to 2022 but, in fact, many of them have been doing exactly the opposite.
Th… Read More
2023-05-19 16:16
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.
Brendan McDermid | Reuters
The financial sector wi… Read More
2023-05-19 15:56
While Treasury has the most sophisticated cash management system in the world and employs teams of highly trained economists, its coffers are a blur of payments going out and tax revenues… Read More
2023-05-19 15:15
Sen. Kirsten Gillibrand, D-N.Y., urges Congress to make child care affordable, pass paid leave, support care infrastructure, and raise the debt ceiling on May 17, 2023 in Washington, D… Read More
2023-05-19 14:54
Data from Russia and international agencies suggest Moscow’s revenues have dropped, forcing budget choices that administration officials say could be starting to hamper its war effor… Read More
2023-05-19 14:13
JGI | Blend Images | Getty Images
The IRS is preparing to test a free online direct filing system for some taxpayers — and while pre-populated returns with certain details alr… Read More
2023-05-19 13:54
Lawmakers passed the 2022 CHIPS Act with lofty ambitions to remake the United States into a semiconductor powerhouse, in part to reduce America’s reliance on foreign nations for the… Read More
2023-05-19 13:12
Skodonnell | E+ | Getty Images
I’m a financial advisor. So, I know a thing or two about saving and investing. But I’m also a dad with a college-aged son, and I am starti… Read More
2023-05-19 12:53
Japanese officials have been relatively eager to discuss coordinated responses to economic coercion from China, following Beijing’s move to cut Japan off from a supply of rare earth… Read More
2023-05-18 17:50
Lordhenrivoton | E+ | Getty Images
Higher prices have made it difficult for Social Security beneficiaries to keep up, even with a record boost to benefits for 2023.
An 8.7% cost-of… Read More
2023-05-18 16:49
How to know if you face your own debt default
After contending with high inflation for over a year, households are nearing a “breaking point,” according to a st… Read More
2023-05-18 15:48
Carla Gottgens | Bloomberg | Getty Images
Americans are upbeat on gold and have soured on stocks — perhaps to their detriment.
Twenty-six percent of Americans ranked gold as t… Read More
2023-05-18 15:22
Mr. Biden decided to cut the trip to Asia short to be back for what he called “final negotiations” over the ceiling, the statutory cap on how much the government can borrow to… Read More
2023-05-18 14:47
Sen. Bernie Sanders, I-Vt., speaks at a press conference outside the U.S. Capitol Building on May 4 in Washington, D.C.
Anna Moneymaker | Getty Images News | Getty Images
For many A… Read More
2023-05-18 14:20
World leaders took notice last week during Mr. Trump’s CNN town hall-style interview in which he refused to back Ukraine in its war against Russian invasion and casually endorsed the… Read More
2023-05-18 13:46
Jayme Thornton | Tooga Productions | Getty Images
The IRS is testing a system that would allow taxpayers to file federal tax returns for free online directly with the agency, with a… Read More
2023-05-18 13:17
In an agenda with conservative implications for economic policy, Professor Lucas maintained that government spending that supplants private investment is counterproductive; that the money… Read More
2023-05-18 12:45
Pgiam | Istock | Getty Images
The IRS flagged more than 1 million tax returns for potential identity theft during the 2023 tax season, according to the U.S. Department of the Treasu… Read More
2023-05-18 12:16
A sign displays the price in pound sterling of food goods, including cucumbers, at a a fruit and vegetable market in stall east London on March 31, 2023.
Susannah Ireland | Afp | Getty… Read More
2023-05-17 15:15
A billboard showing the debt limit is seen in Washington, D.C. on April 17, 2023.
Mandel Ngan | AFP | Getty Images
As lawmakers work to hammer out a debt limit deal, experts already… Read More
2023-05-17 14:14
D3sign | Moment | Getty Images
Your net worth is essentially the sum of all of your assets — cash, retirement accounts, college savings, house, cars, investment prop… Read More
2023-05-17 13:47
Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported Tuesday.
The advanced sales report showed an in… Read More
2023-05-17 13:13
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023.
Al Drago | Bloomberg | Getty Images
The IRS on Monday said that Bl… Read More
2023-05-17 12:46
“I don’t think we’re in a good place,” Mr. McCarthy said. “I know we’re not.”
Some potential areas of compromise have emerged in recent days, howe… Read More
2023-05-17 12:12
Renewed fears of a possible recession have spurred more households to adjust their spending habits — finally.
Broadly, Americans are cutting back, particularly on discreti… Read More
2023-05-17 11:45
In another case unveiled Tuesday, a California-based engineer is accused of trying to steal source code for advanced machinery that can be used to make parts for military submarines and ai… Read More
2023-05-16 13:46
Collectively, Americans owe nearly $1 trillion on credit cards.
Total credit card debt stood at $986 billion at the start of 2023, unchanged from the record hit at the end of 20… Read More
2023-05-16 13:21
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.
The total for borrowing across all categories… Read More
2023-05-16 12:45
Nirunya Juntoomma | Istock | Getty Images
An emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your… Read More
2023-05-16 12:20
When Congress and the White House created the Fed in 1913, they were skeptical about giving either the government or the private sector unilateral power over the nation’s money suppl… Read More
2023-05-16 11:44
Toondelamour | E+ | Getty Images
Have a losing investment? You may need to wait longer than you think to regain that loss.
The answer lies in simple arithmetic.
Yet, “investor… Read More
2023-05-16 11:19
President Biden and congressional leaders will resume face-to-face talks on Tuesday to avert a government default, with the White House expressing cautious optimism as the contours of a po… Read More
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