The Biden Administration released details this week on its plan to overhaul the current income-driven repayment plan known as Revised Pay As You Earn plan (REPAYE) for federal student loan borrowers. Last August, President Joe Biden announced these changes would be coming along with student debt forgiveness of up to …

Electrical transmission towers at a Pacific Gas and Electric (PG&E) electrical substation during a heatwave in Vacaville, California, US, on Tuesday, Sept. 6, 2022. California narrowly avoided blackouts for a second successive day even as blistering temperatures pushed electricity demand to a record and stretched the state’s power grid close …

In 2023, working for a company that offers a few days of paid time off isn’t going to cut it. The best employers out there will instead focus on pushing “proactive rest,” HR experts say. Usually with time off, the thinking goes: “I will provide my employees PTO so when …

Kentaroo Tryman | Maskot | Getty Images The inflation rate declined in December as consumers saw prices plummet at the gasoline pump, providing another hopeful sign for households that price pressures are continuing to ease from their highest level in decades. Inflation closed out 2022 with a 6.5% annual reading, …

Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke on CNBC’s “Squawk on the Street” on Thursday, making his case for the fight his firm has picked with Disney, raising issues with Disney’s $71 billion acquisition …

Mykhailo Polenok / Eyeem | Eyeem | Getty Images After another challenging year for the IRS in 2022, the agency may be primed for a better 2023 tax season — but improvements may take time. The National Taxpayer Advocate on Wednesday released its annual report to Congress covering last year’s …

Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in …

An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc’s offices in London, U.K., on Thursday, Jan. 2, 2020. Bloomberg | Bloomberg | Getty Images LONDON — The biggest risk to the U.K. stock market is avoiding a widely anticipated recession, according …

In a statement confirming his appointment as COP28 president-designate, Al Jaber said, “The UAE is approaching COP28 with a strong sense of responsibility and the highest possible level of ambition.” AFP | Getty Images The United Arab Emirates announced Thursday that the head of the state oil giant Abu Dhabi …

Traders on the floor of the NYSE, Jan. 5, 2023. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. It’s CPI day Thursday morning’s consumer price index report will provide the latest indication of whether the Federal Reserve’s war on inflation …