The Biden administration opened its new student loan repayment plan for enrollment through a beta application, giving borrowers an early shot at signing up for the program. The Saving on a Valuable Education (SAVE) plan is an income-driven repayment program, or IDR, which pegs a borrower’s monthly payment to their income, …
Read More »Why the actors and writers strikes are good news for Netflix
Netflix, a major target of the current strikes by Hollywood writers and actors, has seen an unexpected cash boost from the two labor unions’ actions. In its quarterly earnings report Wednesday, Netflix said it expects to have at least $5 billion in free cash flow for 2023 because of reduced operational costs …
Read More »Here’s what the latest inflation report means for your money
Inflation is rapidly cooling from its hottest pace in 40 years, providing some relief to Americans whose wallets have been strained by price increases in everything from groceries to housing. The Consumer Price Index grew at an annual rate of 3% in June — the smallest increase since March 2021, the …
Read More »Jalen Rose and Jeff Van Gundy among those laid off at ESPN
ESPN is cutting about 20 employees, including well-known network personalities such as former NBA coach Jeff Van Gundy and former player Jalen Rose. The sports network on Friday confirmed that it is cutting employees, but didn’t specify the number of layoffs or the staffers who are losing their jobs. The …
Read More »Years before Titanic sub went missing, OceanGate was warned about “catastrophic” safety issues
Years before a tourist submersible went missing and was ultimately lost in what the Coast Guard called “a catastrophic implosion” on an expedition to explore the Titanic shipwreck with five passengers on board, red flags over safety issues emerged about the company that designed and operated the vessel. OceanGate, which charged $250,000 …
Read More »Need a push to save for retirement? This 401(k) gives you up to $250 cash back
The statistics on Americans’ lack of retirement readiness can be startling, with almost 1 in 3 older workers approaching retirement without a dime socked away. Now, one company is dangling a carrot it hopes will get more people saving: up to $250 in cash if they put money into a 401(k). …
Read More »After falling for months, home prices are rising again. Here’s why.
After falling for seven months, U.S. home prices are rising again as the spring house-hunting season heats up amid a shortage of properties on the market. Home prices increased 0.7% nationwide in March after growing 2.1% in February, according the S&P CoreLogic Case-Shiller housing index, a barometer of housing prices. …
Read More »Adidas faces backlash over swimsuit advertisement
An Adidas swimsuit advertising campaign for Pride month is stirring controversy. The ad, posted on the apparel company’s website, features a male-presenting model sporting the brand’s “Pride Swimsuit,” a colorful, geometric-patterned one-piece. The $70 bathing suit is part of the Adidas x Rich Mnisi Pride Collection, which launched May 15 …
Read More »Elon Musk says he’s found “a new CEO” for Twitter. It’s said to be NBCU’s Linda Yaccarino.
Elon Musk on Thursday tweeted that he’s found “a new CEO for X/Twitter,” adding, “She will be starting in ~6 weeks!” The billionaire said he’ll transition his role to executive chairman and chief technology officer of the social media network. Musk, who bought Twitter last year, didn’t disclose the name …
Read More »Novo Nordisk limits distribution of low doses of Wegovy in U.S.
Novo Nordisk is holding back low doses of Wegovy, its recently approved obesity medication, in the U.S. to conserve supplies for patients already using the drug, the company said Thursday. The Danish drugmaker is supplying “limited quantities” of 0.25 mg, 0.5 mg and 1 mg dose strengths to wholesalers for distribution to …
Read More »