President Biden on Friday canceled nearly $5 billion in student loan debt for 74,000 people, the latest effort by the administration to deliver piecemeal relief after the Supreme Court struck down Mr. Biden’s more ambitious loan cancellation plan last year. Most of the people who will benefit from the latest round are teachers, nurses, firefighters…
The Biden administration on Friday issued guidance that makes much of the country eligible for tax credits intended to offset the cost of installing electric vehicle chargers. Consumers and businesses can claim the credit for charging equipment installed for public or private use at homes or on business properties. The initiative aims to make it…
Tensions within CNN over coverage of former President Donald J. Trump burst into the open on Thursday during an internal call with the network’s journalists, as an executive candidly questioned the approach of the channel’s new chief executive, Mark Thompson. CNN aired roughly 10 minutes of Mr. Trump’s victory speech after he won the Iowa…
The S&P 500 index closed at a record on Friday, crossing above its old high-water mark, set in early 2022. The gains show that investors have overcome fears of rising interest rates and panic about a recession that had governed stock trading for much of the past two years. Instead, they’re now betting that a…
With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession. Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to…
The midlife crisis is easy to poke fun at — especially if it’s someone else’s. The stereotype, as portrayed in movies and on TV, is familiar: A middle-aged man has a meltdown upon turning 40 and ditches his wife for a younger woman and a sports car. Or maybe just the car. In real life,…
I Don’t Need (or Want) Another Boss One of my co-workers, who is a team leader but not a supervisor, has asked me to report my absences to him. He repeatedly asked me to tell him specifically if I was going to be absent. I told him I would report my absences to my supervisor…
Once that’s done, though, what isn’t important, in the larger scheme of things, is timing market peaks and troughs. During the great financial crisis, for example, I spent an inordinate amount of time as a journalist speaking with so-called experts about when they thought the stock market would rise or fall. In retrospect, I believe…
Panel discussions, back-to-back private meetings, negotiations to get into the best parties: The World Economic Forum in Davos, Switzerland, was back to its prepandemic form this year, as leaders convened to discuss the state of the world. It was the first Davos gathering since 2020 without any Covid-related restrictions, as fears about the pandemic almost…
A few years ago, desperate to avoid being acquired by a hedge fund, staff members of The Baltimore Sun made public pleas for a local entrepreneur to buy their publication. That request was recently realized: A Maryland businessman, David D. Smith, bought the storied newspaper, returning the 186-year-old newspaper to local hands for the first…
End of content
End of content