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Monthly Archives: May 2023

As Supreme Court weighs Biden forgiveness plan, student debt swells

Regardless of where the Supreme Court comes out on President Joe Biden’s student loan forgiveness plan, education debt isn’t going away. College is only getting more expensive. Tuition and fees plus room and board at four-year, in-state public colleges rose more than 2% to $23,250, on average, in the 2022-23 academic year; at …

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Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard

Dr. Philip Nathan Jefferson, of North Carolina, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Federal Reserve …

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U.S. can avoid default in July if it gets cash in June: CBO

People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023. Jim Watson | AFP | Getty Images WASHINGTON — The Congressional Budget Office on Friday said that tax revenues and emergency measures after June 15 “will probably allow the government to continue financing operations …

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The No. 1 city to find a remote job, according to new research

The job market for remote workers might be shrinking in some cities, but it’s flourishing in others.  A new paper from the U.S. National Bureau of Economic Research (NBER) identifies the cities where remote jobs are growing the fastest, focusing on five English-speaking countries: the U.S., the U.K., Australia, Canada …

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NBCUniversal ad chief Yaccarino resigns amid Twitter CEO talk

Linda Yaccarino, chairman of advertising and partnerships at NBC Universal Media LLC, speaks during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 23, 2018.  Jason Alden | Bloomberg | Getty Images NBCUniversal global advertising chief Linda Yaccarino has resigned, …

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China’s biggest chipmaker SMIC posts first revenue fall in 3 years

SMIC has been hit with U.S. sanctions but its business has continued to grow. However, China’s biggest chipmaker still faces a challenge catching up with rivals such as TSMC. Qilai Shen | Bloomberg | Getty Images China’s biggest semiconductor manufacturing firm SMIC on Friday posted its first decline in quarterly …

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How to adjust your portfolio for a possible recession

Bryan Allen | Getty Images The threat of a recession has weighed heavily on many investors’ minds amid higher interest rates, banking turmoil and layoffs. But you should still try to avoid reactive investing moves, according to financial advisors. Public pessimism about the economy recently notched a new high, according …

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Vivek Ramaswamy ‘anti-woke’ firm courts GOP state leaders

Republican presidential candidate businessman Vivek Ramaswamy speaks to guests at the Iowa Faith & Freedom Coalition Spring Kick-Off on April 22, 2023 in Clive, Iowa. Scott Olson | Getty Images Republican presidential hopeful Vivek Ramaswamy built his White House bid around urging companies to stay out of politics. What he …

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Jack Dorsey-backed Bluesky gains steam against Elon Musk’s Twitter

Twitter CEO Jack Dorsey arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Elon Musk’s Twitter is facing new competition from a rival called Bluesky, a so-called decentralized communications app that is backed by Twitter co-founder and twice-former CEO, Jack Dorsey. Musk’s …

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U.S. to make tech hubs in middle America with $500 million investment

Gina Raimondo, U.S. secretary of commerce, during a “First Tool-In” ceremony at the Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images The U.S. government is seeking to turn metro areas in middle America into the next …

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