Stefani Reynolds | Afp | Getty Images The U.S. Department of Education proposed regulations Tuesday that would reduce the monthly bills for certain federal student loan borrowers. Under the proposal, the administration of President Joe Biden would overhaul one of the existing income-driven repayment plans, known as Revised Pay As …

Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically. “Price stability is …

Brian Moynihan, CEO of Bank of America, and Jane Fraser, CEO, Citigroup, greet Rep. Al Green, D-Texas, off camera, during the House Financial Services Committee hearing titled Holding Megabanks Accountable: Oversight of Americas Largest Consumer Facing Banks, in Rayburn Building on Wednesday, September 21, 2022. Tom Williams | CQ-Roll Call, …

D3sign | Moment | Getty Images With day-to-day expenses staying high due to inflation, more Americans are relying on credit cards to make ends meet. As the personal savings rate sank near an all-time low, credit card balances jumped 15% year over year, according to the latest quarterly report from the …

A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Ziyu Julian Zhu | Xinhua News Agency | Getty Images Bed Bath & Beyond on Tuesday posted wider quarterly losses than expected as its chief executive acknowledged that the struggling retailer’s turnaround …

Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008. Graham Barclay | Bloomberg | Getty Images LONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a …

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. A little momentum The Nasdaq put together its second straight day of gains Monday, even as the Dow and the S&P 500 …

The Chinese and Hong Kong flags flutter outside the Exchange Square complex in Hong Kong on Feb. 16, 2021. Zhang Wei | China News Service via Getty Images Asia-Pacific’s leading index entered a bull market this week, fueled by a rally in Chinese stocks from optimism surrounding the nation’s reopening …

The French government is presenting new plans to update the pension system. Analysts expect some backlash from some workers. Nurphoto | Nurphoto | Getty Images French President Emmanuel Macron is going at it again: a new pension reform will be presented Tuesday, and is expected to face some backlash. Macron …

Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who spoke to CNBC. It’s because some countries aren’t letting them in, they said. ‘I think it’s unfair’ Reactions from Chinese …