Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won’t have any immediate answers.
Millions of student-loan borrowers are in debt-relief limbo with the election in a matter of days. Millions of federal student-loan borrowers remain in a debt-relief limbo that the election won’t immediately solve. That’s because President Joe Biden’s latest attempt to grant broad relief is blocked in court by a lawsuit from GOP-led states. Vice President…
A Trump win could prompt the Fed to hit pause on its rate-cutting cycle, JPMorgan strategy chief says
Former President Donald Trump with Fed Chair Jerome Powell in 2017. If Donald Trump wins the US election this week, the Federal Reserve could pause its easing cycle as early as December, JPMorgan Asset Management’s David Kelly said. Kelly pointed to Trump’s plans for an expansionary fiscal policy that would fuel inflation higher and keep…
Japanese shoppers are entering their spending era. Not all luxury brands stand to benefit.
Brands that understand Japanese values stand to gain from their new spending confidence. If you were looking to shop luxury in Japan this summer, you had to get in line. According to Amrita Banta, managing director of luxury insights firm Agility Research & Strategy, luxury stores started admitting customers by appointment only to cope with…
I solo parent triplets and had no choice but to teach them independence. At 3, they know how to load the washing machine and set the table.
Megan Smyth’s triplets help her with chores around the house. This as-told-to essay is based on a conversation with Megan Smyth, mom to 3-year-old triplets. It has been edited for length and clarity. Eighteen months ago, I became the sole parent of three identical triplet toddlers — something I never thought I would say. Their…
Meet the trainees paying $136,000 to become the next generation of airline pilots
Skyborne trains about 180 pilots a year at its UK base. Skyborne is a pilot training academy based at Gloucestershire Airport in southwest England. It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). The company was founded in 2018 and finished building its…
Washington DC is full of obsolete government buildings. See how one is being transformed into hundreds of luxury apartments.
The Cotton Annex building is being turned into luxury apartments. The reimagined complex has many amenities, including a rooftop pool, Washington DC leads the US in planned office-to-apartment conversion, with 5,820 developments planned in 2024 — an 88% increase over the previous year, according to apartment-search website RentCafe. The Cotton Annex building, built in 1937…
How a free meal cost an investor his retirement savings
George Wilson learned the hard way that there’s no such thing as a free lunch — or, in his case, a free dinner that cost him a chunk of his retirement savings. As a retiree, he regularly received postcards in the mail, offering to teach him about finance and how to make money in retirement.…
The rise of GodGPTMy surreal conversations with Cathy, the Episcopalian church’s new ‘priestbot’
“Cathy, what should I do about my social anxiety?” An acronym for Churchy Answers That Help You, Cathy is a new AI chatbot that answers faith-based questions from the perspective of a friendly, knowledgeable Episcopalian. Despite its feminine name, the “priestbot,” as Cathy sometimes calls itself, is genderless. There are no ornate flowing robes or…
Iran warns of ‘crushing response’ following Israeli airstrikes as Pentagon announces plans to bolster US presence in the Middle East
Supreme Leader Ayatollah Ali Khamenei said Israel and the US will face a “crushing response” following recent airstrikes. Iran’s supreme leader, Ayatollah Ali Khamenei, said there would be a “crushing response” following Israel’s airstrikes on the country last week. Israel said it carried out “targeted and precise strikes” on Iranian military sites on October 26,…
