At least three challenges have been filed so far On Sept. 27,  Frank Garrison, an attorney working for a conservative legal group, brought the first legal challenge to Biden’s plan, arguing that forgiveness would cause him personal injury in the form of a state tax bill. Canceled student debt can be considered taxable …

In the past 20 years, investing in low-cost index funds like the S&P 500 has come to dominate much of the investing landscape.  The reason? It’s cheaper than investing in most mutual funds, there’s far less trading (which increases costs), and the primary structure that is used to invest in index …

Investing strategies don’t get more classic than the so-called 60/40 allocation. By holding 60% of your portfolio in stocks and 40% in bonds, the thinking goes, you get the best of both worlds: high growth potential from your riskier stocks and protection from your more conservative bonds. For investors who …

Apple’s App Store net revenue fell about 5% in September, according to Morgan Stanley, the steepest drop for the business since the bank started modeling the data in 2015. The App Store saw declines in markets including the U.S., Canada and Japan, Morgan Stanley analyst Erik Woodring wrote in a …

A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Credit Suisse — Shares of Credit Suisse rose 1.7%, reversing an earlier slump that sent the stock …

Kim Kardashian’s crypto settlement could be a lesson for us all. The reality TV superstar agreed to pay $1.26 million to settle charges with the Securities and Exchange Commission for failing to disclose she got paid to publish a post on Instagram about EthereumMax’s crypto asset, the agency announced Monday. “Clearly …

Hero Images | Hero Images | Getty Images Weigh Roth IRA conversions With the S&P 500 Index down more than 20% in 2022, many investors are eyeing Roth individual retirement account conversions, which transfer pre-tax IRA funds to a Roth IRA for future tax-free growth. The trade-off is paying an …

Finance Minister Kwasi Kwarteng on Monday morning confirmed that the government would be scrapping its plans to cut tax for the country’s highest earners. Leon Neal | Getty Images News | Getty Images U.K. Finance Minister Kwasi Kwarteng on Monday said the government would not be distracted from delivering on …

People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain …

For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they …