Author: Press Room

‘I plan on dying with student loan debt'”I think this is a great idea. I am 52 years old with a lot of student loan debt from years ago. It has quadrupled from what I actually borrowed. I think the interest is ridiculous. With the crazy inflation, how can anyone afford to pay for anything these days? I plan on dying with student loan debt. It is very depressing.”‘An unjust burden on Americans'”I call on the Biden administration to stop imposing an unjust burden on Americans who did not go to college or have paid off their student loan debt…

Tesla will shut its factory near Berlin to all employees Friday when crowds are expected to gather outside its gates to protest against a planned expansion. A stoppage of the plant’s production lines this Friday was announced back in January, CNN affiliate RTL reported late Tuesday, quoting a Tesla (TSLA) spokesperson. But with the protests “in mind,” the electric vehicle maker has decided that all other workers at the factory should also stay at home, RTL said. The assembly lines normally run Monday through Friday. Thursday is a public holiday in Germany, making Friday a so-called “bridge day” between the…

Last updated: May 8, 2024 12:01 EDT | 3 min read Among the standout crypto stories, BlockDAG is shining, a project that has captured the imagination of massive online audiences, particularly through the energetic promotions by Famous influencers like Luxe Crypto. Luxe’s recent coverage has been crucial in driving attention to BlockDAG, especially with his optimistic forecast that the coin could reach $50 by 2025. The project is currently in the tenth batch of its presale, with an attractively low coin price of just $0.006, suggesting a bold future. Meanwhile, Stacks (STX) and THORchain (RUNE) have shown volatility. Stacks have dipped…

I come from a family where not only were we lower-middle class, but we didn’t talk about money. People like me don’t learn about finances because our parents didn’t have much to teach us. My dad raised me, and both of my parents had terrible credit scores. Unfortunately, I started making the same mistakes as them. I also started racking up a ton of debt in my 20s as I struggled with an alcohol and drug addiction.But after years of sobriety, I received an inheritance of $45,000, and I was dead set on turning my finances around and ensuring my…

Technology has undoubtedly changed how we live our lives. Since 1950, there’s been a new technological invention or innovation every year. The first iPhone was introduced in 2007, revolutionizing cell-phone technology. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app It’s crazy to think about how in less than 100 years, we’ve gone from inventing the microwave oven to experimenting with artificial intelligence and virtual realities.So many of the items we now take for granted were once incredible inventions and innovations, but that’s the nature of technology: It constantly…

As of 2024, the status of rare earth materials outside China remains a critical concern for global supply chains, particularly given China’s dominance over the majority of the production and processing of these materials. China has come to control 67% of mining, 91% of refining activity, 87% of oxide separation and 94% of magnet production. This dominance has prompted significant international efforts to diversify sources of rare earths. Lots of Talk, Little Action The Rep. Obernoite bill presented to the U.S. Congress has been referred to the House Committee on Natural Resources, so we need to wait. These conflicting issues…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government said on Tuesday that it was investigating “potential failings” at SSCL, the private IT contractor that was breached in a suspected cyber attack by China targeting the records of UK military personnel.The hack on the company, which has multiple government contracts providing business services to other departments, accessed the records of up to 272,000 people on the Ministry of Defence’s payroll.The attack, discovered in recent days, was carried about by a “malign actor”, the defence secretary Grant Shapps said.…

The federal court that struck down Louisiana’s congressional map as an unconstitutional racial gerrymander is giving state lawmakers until the beginning of June to redraw the map themselves. In the meantime, the court is setting up a schedule for proposals for a new congressional plan to be considered by the court, in case the court itself must draw the new map. “Accordingly, if the Louisiana Legislature fails to enact a new map by June 3, 2024, the Court intends to order the use of an interim remedial Congressional districting map on June 4, 2024,” the court said in the Tuesday…

The daughter of a client called me because she was concerned about how much her mother paid for cataract surgery. She has a Medicare supplement, met her deductible and there shouldn’t be any bills. What is going on? As a nursing student, I cared for several cataract patients. They were admitted to the hospital and, after surgery, had to lay flat on their backs for three days. They were fitted for glasses with “coke-bottle” lenses that looked like the bottom of a soda bottle. Many things have changed since then. A Few Basics about Cataracts Let’s review some facts about…

The Federal Reserve said that a lack of progress in bringing inflation down over the last few months is why it is holding interest rates where they are for now. On Wednesday, the central bank announced it would maintain the federal funds rate range at 5.25% to 5.5%, where rates have held steady since July. Fed officials have said in past meetings that they anticipated rate cuts for 2024 but need more confidence that inflation is heading toward the 2% target rate. Federal Reserve Chair Jerome Powell reiterated this sentiment on Wednesday when speaking with reporters and said it would likely take longer…