Investing News

On Tuesday, August 16, the United States Department of Education issued a press release stating its intent to discharge all federal student loans that borrowers received to attend ITT Technical Institute from Jan. 1, 2005, through its closure in September 2016, amounting to $3.9 billion in full loan discharges between 208,000 borrowers. This is the

Having a baby can be an expensive prospect. A study by the Kaiser Family Foundation estimates the average cost of pregnancy, childbirth, and postpartum care at $18,865. The same study found that for mothers who give birth via C-section, the average cost climbs to $26,280. Then there’s the cost of raising a child to adulthood,

The cracks in the nation’s housing market continue to grow. Yesterday, the government reported that U.S. homebuilding sank to its lowest level in over a year, with housing starts plunging 9.6% as higher construction costs continue to weigh on builders. Earlier this week, the National Association of Home Builders (NAHB) said its sentiment index dropped for the eighth straight

The U.K. left the European Union (EU) on Jan. 31, 2020. As such, it’s no longer a member state. But prior to its exit, it was the most notable member of the European Union that elected not to use the euro. Rather, the U.K. continued to use the British pound sterling as its national currency.

House and Senate Democrats and staff celebrated the signing into law of the Inflation Reduction Act of 2022 by President Joe Biden on Tuesday, Aug. 16, 2022. “For a while, people doubted whether (this) was going to happen, but we are in a season of substance,” said the president. “Today offers further proof that the

When planning a wedding, choosing the right venue matters. A destination wedding is something you may consider if you’d like to tie the knot someplace memorable. Destination weddings are ceremonies that are hosted away from the couple’s hometown and usually require travel for the wedding party and guests. Key Takeaways A destination wedding takes place

The healthcare sector is comprised of companies that offer medical services, manufacture medical equipment or drugs, provide medical insurance, or engage in activities that facilitate the provision of healthcare to patients. The most recent data available from 2020 show that spending on healthcare in the U.S. reached $4.1 trillion, representing close to 20% of the

The floor of the stock exchange was once the main location for market transactions. It was home to traders and brokers who did the actual buying, selling, and negotiating on the physical exchange floor. Of course, this was before the evolution of electronic trading platforms.  Those same brokers and traders are now surrounded by computers that manage

Homeowners who want to add energy-efficient features to their home can save substantial money in utilities bills, but they have other costs to consider. Along with the potential for savings on energy costs, energy-efficient features can provide a number of benefits for the environment and for the occupants’ health. However, the technology that helps a

The U.S. Federal Reserve has announced its final guideline that might allow crypto banks to enter the banking system. The central bank will set up a three-tiered system for determining whether financial institutions have access. As part of the final guideline, institutions with novel financial products will have access to the fed’s “master accounts” and

The National Association of Insurance Commissioners (NAIC) announced that it has passed the Pet Insurance Model Act, a model law that establishes clear rules for pet insurance sales and requires disclosures for pet owners. The new regulation comes on the heels of sharp growth in annual premiums and new policies in the U.S. Key Takeaways

The S&P 500—short for the Standard & Poor’s 500 Index—is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. While it assumed its present size (and name) in 1957, the S&P actually dates back to the 1920s, becoming a composite index tracking 90 stocks in 1926. The average annualized return since its inception in 1926

What Is the Electronics Sector? The electronics sector produces electronic equipment and consumer electronics and manufactures electrical components for a variety of products. Common items in the electronics sector include mobile devices, televisions, and circuit boards. Industries within the electronics sector include telecommunications, networking, electronic components, industrial electronics, and consumer electronics. Key Takeaways Industries within the

The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill passed in March 2021 that lowered premium costs for million of people. The legislation allowed people to claim higher tax credits if they have a health insurance plan purchased through the Affordable Care Act (ACA) marketplace. The net effect was that

There are a growing number of financial websites offering a plethora of expert advice on investing. Although there are many common characteristics, each website has its unique appeal. Two websites that have particularly high visibility are The Motley Fool and TheStreet. Key Takeaways Among the growing number of financial websites offering expert advice on investing, two websites with particularly high

Mortgage rates had a quiet day Monday, with most averages dipping just slightly lower or remaining flat. It follows a week-and-a-half period of dramatic up and down swings for the 30-year average. Today’s National Mortgage Rate Averages The 30-year average took a relative breather Monday, with only its second day in 12 registering a minimal

Buy now, pay later (BNPL) is a financing method that more Americans are using to make discretionary purchases, especially online ones. In fact, at least 39% of consumers have tried this option, also known as a point of sale installment loan, at least once, according to a 2021 survey from The Strawhecker Group. One of

Every bank-related financial transaction requires two critical pieces of information to identify customers: the routing number and the account number, both of which are assigned when you open an account. You can find both of these on the bottom of paper checks, and these numbers are also needed when you do electronic bank transfers or wires

If you are planning to start betting—be it in a casino, sports betting, or any other type—it’s essential to understand the odds. Placing bets intelligently requires having a good grip on the main types of betting odds and the ability to read and interpret their various formats. The three main types of betting odds are

The neonatal intensive care unit (NICU) is designed to provide round-the-clock healthcare for babies who are born prematurely or with life-threatening health conditions. A NICU stay can be emotional and stressful for parents and there may be financial aftershocks once medical bills begin arriving. Newborn intensive care costs can be significantly higher than standard newborn