Anastasia Usenko Student debt is consuming an ever larger share of household budgets. Today, more than two-thirds of college graduates have student debt, compared with less than 50% in the early 1990s. And, back then, the average balance was $9,000 – now it’s $30,000. The typical monthly bill is nearly $400. Americans are more burdened
Month: January 2020
An elderly man wears a mask while walking past the closed Huanan Seafood Wholesale Market, which has been linked to cases of Coronavirus, on January 17, 2020 in Wuhan, Hubei province, China. Getty Images Shares of Chinese drugmakers and face mask-makers surged on Monday morning amid rising concerns over an outbreak of coronavirus spreading to
Tim Cook, CEO of Apple (L), Satya Nadella, CEO of Microsoft (C) and Sundar Pichai, CEO of Google. Getty Images The stock market travels on the currents of supply and demand. That’s uncontroversial. Yet as the indexes have sped to new highs, plenty of observers have argued that a relative shortage of stocks combined with
Thomas Trutschel | Photothek | Getty Images The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published Monday, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos,
The four main parachutes of SpaceX”s Crew Dragon slow the capsule down after its in-flight abort test. NASA TV SpaceX completed what is expected to be its last test before flying astronauts to space on Sunday, in a critical high-speed mission that lasted mere minutes. Launched on top of a Falcon 9 rocket from NASA’s Kennedy
Nestle Health Lab Imagine receiving customized nutrition advice based on your personal biologic or genetic profile. That’s the “future of food,” according to a UBS analyst, who sees diet personalization as the next plant-based meat. Personalized nutrition could generate annual revenues as high as $64 billion by 2040, the firm said. Plus, big-name companies such
The Tesla logo is seen on the Apple iPhone case in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s electric automaker Tesla on Wednesday once again reclaimed its title as Wall Street’s most-shorted stock. That was, at least, until Apple stole it back. Tesla’s meteoric climb over the last six
Most American adults own life insurance, yet the buying process can be perplexing and pose traps for the unwary — and cause financial problems years down the road. Around 57% of adults in the U.S. own a life insurance policy, according to a joint study by Limra, a trade group, and Life Happens, a nonprofit
A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two
Toward the end of NBCUniversal’s two-hour long presentation of its Peacock streaming video service Thursday, the media and entertainment company dropped a revealing piece of information that rival companies haven’t made available. Comcast’s NBCUniversal estimates its streaming service will generate average revenue per user (ARPU) per month of $6 to $7. This is an aggregate
A man runs past the New York Stock Exchange (NYSE). Bloomberg There already have been six new all-time highs for stocks in the 12 trading days of 2020, putting the S&P 500 up close to 3% since the year started. After a 2019 in which the equity index gained over 30%, is it too much,
Tera Images If you play your cards right, small everyday purchases put on plastic can add up to big savings over time. That’s thanks to increasingly generous credit card cash-back rewards programs — provided you pay your bills promptly — according to one credit-card comparison website. In addition, the right card for you likely depends
The National Oncology Particle Therapy Centre in Milan, Italy, where state-of-the-art particle therapy is a technique used to treat cancer, using hadrons, protons, proton therapy and carbon ion treatment to irradiate tumors. BSIP | Universal Images Group | Getty Images America’s war on cancer is about to get another tool in its arsenal. The country’s
People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Spencer Platt | Getty Images
This is breaking news. Please check back for updates. Billionaire hedge fund manager Stanley Druckenmiller said Friday that he agrees with fellow investor David Tepper’s optimism on the market and said he’s still “riding the horse.” “I revealed a very bullish posture intermediate term since October when Powell guaranteed he would not rescind the insurance cuts,”
Tom Steyer speaks during the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Six candidates out of the field qualified for the first Democratic presidential primary debate of 2020, hosted by CNN and the Des Moines Register. Scott Olson | Getty Images Billionaire Tom Steyer is calling for
If you can’t beat ’em, join ’em. Fast-casual restaurant chains like Chipotle Mexican Grill and Sweetgreen have been stealing customers from full-service restaurant chains like Outback Steakhouse and IHOP. To fight back, some casual dining chains have been launching spinoff restaurants that copy that business model. Fast-casual restaurants are smaller in size, with less seating
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500‘s value. Some investors worry either the economy has to
The insistent refrain “new all-time record” has been played so often recently that it sounds like a broken record. For readers born after the age of vinyl, the term refers to when the needle gets stuck in a groove, repeating a phrase over and over until you either move the arm or throw the record
Tip 1: Put your savings on autopilot When it comes to saving, the first step is to make it a habit. Many financial advisors recommend beginning with an emergency fund, which is the key to keep from reaching for a credit card when something unexpected pops up, such as a broken appliance or a medical
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