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Juliana Kaplan
19 Aug 2022, 01:36
Trader Joe's suddenly closed its bustling wine store in the heart of New York City. Employees there say they were unionizing and are calling on the store to reopen.
Trader Joe's closed its only wine shop in New York last week. Unionizing workers there say it's "egregious and blatant union busting."
Ayelet Sheffey
19 Aug 2022, 00:46
A group of student-loan borrowers over age 50 are going on strike if Biden restarts debt payments in 2 weeks: 'I simply cannot pay off my student loans'
The Debt Collective launched the "Fifty Over Fifty," older student-loan borrowers who won't pay their debt if Biden restarts payments after Aug. 31.
Jacob Zinkula
18 Aug 2022, 22:31
A 39-year-old veteran left a job paying $80,000 to start her own business because she knew she could do it better than her bosses
Antisha Walley started a business after realizing she could do things better on her own. She's on track to take home $70,000 this year.
Alcynna Lloyd,Ben Winck
18 Aug 2022, 22:31
Existing home sales plunge for the sixth straight month and hit a 2-year low as the housing market’s cooldown intensifies
Sales of previously-owned homes tumbled to an annual rate of 4.81 million units, the National Association of Realtors said Thursday.
Ayelet Sheffey
18 Aug 2022, 21:33
Giving student-loan borrowers behind on payments a chance to return to good standing is 'literally the definition of insanity,' a top Republican lawmaker says
Biden wants to give student-loan borrowers in default a "fresh start" on their payments. GOP Rep. Virginia Foxx said it's "a terrible gamble."
Ayelet Sheffey
17 Aug 2022, 23:53
7.5 million student-loan borrowers in default will reportedly have 1 year after the payment pause expires to enroll in a program that returns them to good standing
Documents obtained by The Washington Post found Biden's "fresh start" plan for defaulted student-loan borrowers will not include automatic enrollment.
Ben Winck,Madison Hoff
17 Aug 2022, 23:53
Americans are changing how they’re spending — and it’s helping keep the economy afloat even as retailers like Target struggle
Households are pivoting from buying up goods to spending big on services. The transition is keeping the recovery alive, but it comes with some risks.
Ayelet Sheffey
17 Aug 2022, 21:48
Biden's Education Department wants $24 million from a for-profit school accused of causing student debt to pile up for borrowers
The department is seeking to recoup costs from DeVry over student-loan discharges for fraud. The school said it does not "agree with the conclusions."
Madison Hoff
17 Aug 2022, 19:42
This map shows how big the middle class is in every state
Insider looked at just how many households may be considered middle class in each state and DC based on household income data.
Ayelet Sheffey
17 Aug 2022, 02:29
Biden's Education Department asked for feedback on its student-loan reform proposals. Over 4,000 people answered, sharing their struggles with debt.
While Democrats' lauded the student-loan plans, GOP lawmakers said they are "extremely disappointed" the public only had 30 days to submit comments.
Juliana Kaplan
17 Aug 2022, 01:39
Gen Z workers have new ideas of what they want from their early careers — and the old guard keeps showing it doesn't understand
Malcolm Gladwell and the CEO of Whole Foods have made bold statements about Gen Z work habits in recent days — and it shows they don't understand.
Alcynna Lloyd,Ben Winck
16 Aug 2022, 23:45
Now is a great time to buy a house if you had the money before but couldn’t compete with the herd
As buyer demand fades on rising costs, homeownership has become more attainable for those who can still afford a home purchase.
Ayelet Sheffey
16 Aug 2022, 23:15
Biden's Education Department just wiped out $3.9 billion in student debt for remaining borrowers defrauded by ITT Tech following 'years of lies and false promises'
208,000 student-loan borrowers who attended ITT Tech got their debt balances canceled, along with some defrauded by Kaplan Career Institute.
Ayelet Sheffey
16 Aug 2022, 21:38
Student-loan borrowers will know 'soon' if the debt payment pause will be extended before it expires in 2 weeks, Biden's Education Secretary says
Education Sec. Miguel Cardona said he is "having conversations daily with the White House" on the student-loan payment pause that's expiring Aug. 31.
Alcynna Lloyd
16 Aug 2022, 21:36
If you're looking for an apartment, get ready to pay: Rents are 39% higher than a year ago
As inflation and interest rate hikes weigh on Americans, renters and buyers are having a more difficult time affording housing.
Jacob Zinkula
16 Aug 2022, 20:49
Most Americans never move far from their hometown. It says a lot about changing norms around money, work, marriage, and kids.
Just 8% of Americans moved in 2021 — the lowest rate since at least 1948. The high costs of housing and childcare are a big reason why.
Madison Hoff
16 Aug 2022, 19:47
The jobs that make each generation happiest
Corporate recruiter is the top-rated job by Gen Z, according to a Glassdoor report. Realtor is the top-rated job by millennials.
Ayelet Sheffey
16 Aug 2022, 03:19
The CEO of a major student-loan company says 'it's hard for us to believe' Biden won't extend the debt payment pause 'given where we are in the calendar'
Biden has not given an update on whether student-loan payments will resume, but Navient's CEO said an extension is likely during a July earnings call.
Jason Lalljee,Madison Hoff
16 Aug 2022, 01:20
Inflation has slammed Americans' wallets at the grocery store — but restaurants could be a surprising winner
The inflationary gap between restaurants and grocery stores hasn't been this large since the 1970s. Restaurant chains say that coupon cutting is up.
Ayelet Sheffey
16 Aug 2022, 00:19
Biden's Education Department took an 'enormous step' toward helping student-loan borrowers who have been shut out of debt relief, 23 Democratic senators say
Lawmakers including Elizabeth Warren and Chuck Schumer urged the department to "provide as much relief as possible" to student-loan borrowers.
Ben Winck,Madison Hoff
15 Aug 2022, 23:35
The 'vibecession' is already on its way out
The University of Michigan's Consumer Sentiment Index hit a three-month high in early August as tumbling gas prices boosted Americans' economic moods.
Hannah Towey
15 Aug 2022, 15:14
JPMorgan CEO Jamie Dimon told wealthy clients there's a chance the US is heading into 'something worse' than a recession, report says
Jamie Dimon told clients he estimated a 20% to 30% chance of a "harder recession" and a 20% to 30% chance of "something worse," Yahoo reported.
Ayelet Sheffey,Jason Lalljee
14 Aug 2022, 19:31
3 reasons some highly paid professionals like doctors and lawyers still have 7 figures in student debt they can't pay off
Some doctors and lawyers have $1 million or more in student-loan debt. Here's how they get buried in loans they can't repay despite high salaries.
Alcynna Lloyd
14 Aug 2022, 19:30
How to fix the housing affordability crisis: Build more homes
The real estate market is cooling off, but home prices remain high due to a lack of inventory.
Joseph Zeballos-Roig
14 Aug 2022, 19:19
Joe Manchin wrecked Biden's economic agenda last year. He ended up saving a lot of it in the last month.
Manchin signed onto the largest climate bill that Congress ever put together after blocking the Democratic agenda for months.
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