Author: News Room

College tuition can sometimes cost $10,000 more than budgeted, but despite the unexpected expense, many students are making ends meet, a recent survey said. About 66% percent of college students said college costs were more than they expected and 26% said that these costs rang in at about $10,000, according to a College Ave survey of college students at four-year universities conducted by Barnes and Noble College Insights. The cost of higher education remains a significant expense for families who often underestimate the price as costs have skyrocketed over the last 40 years, even after adjusting for inflation, according to figures reported by the Education…

Mortgage rates are back down below 7% this week. A 30-year fixed-rate mortgage averaged 6.94%, Freddie Mac reported. Rates for 30-year mortgages averaged 7.02% last week. Fixed rates for 15-year mortgages also declined, averaging 6.24%. This is down just slightly from last week when 15-year mortgage rates averaged 6.28%. Falling rates and an increasing housing inventory are bright spots in the housing market plagued by unaffordability the last few years.”Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month,” said Sam Khater, Freddie Mac’s chief…

Most people are confused about how much money they need to retire comfortably, and financial services firms often add to the confusion. Two recent surveys show the confusion, especially when compared with other data. American adults say on average they now need $1.46 million to retire, according to the Northwestern Northwestern Mutual 2024 Planning & Progress Study. That’s 15% higher than a year earlier and a 50% increase since 2020. The increase is significantly more than the roughly 5% annual inflation during that period. In another survey, about 49% of workers said they needed more than $1 million, according to…

Biden campaign officials have no idea what next week will bring in Donald Trump’s hush money trial in New York – including whether the former president will be convicted or found not guilty or whether the whole saga will ultimately end in a mistrial. But regardless of precisely how the weeks-long historic trial ends, President Joe Biden’s reelection campaign is preparing to enter its next, more aggressive phase. On everything from the ads the campaign runs to the messaging and rhetoric that comes from the president himself to growing the campaign’s infrastructure, a person familiar with the campaign’s thinking said,…

Just three years ago, Sir Keir Starmer looked like he might end up as one of the most shortlived leaders in Labour party history. Labour had just been trounced in English local elections and finished a miserable third place in Scotland, as well as losing its former stronghold of Hartlepool to Boris Johnson’s Conservative party.Starmer, who had been party leader for only a year at that stage, issued a forlorn video message while standing in front of a wilting pot plant, admitting he was “bitterly disappointed”.Baroness Jenny Chapman, one of Starmer’s closest allies, says he considered quitting that day. “Keir was…

Gran Tierra Energy (NYSE:GTE) is a company that has joined my list of companies that are reducing their debt in an effort to gain market acceptance of the balance sheet. This company did a reverse stock split in 2023. The reverse stock split was followed by a bond exchange to give the company time to build cash flow (particularly free cash flow). The debt exchange has resulted in higher interest expense. But it also gives the company time to convince the market that management is serious about the turnaround effort to meet the debt market demand of a 1.0 debt…

Last updated: May 24, 2024 13:33 EDT | 2 min read Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found.FTX Whistleblowers Agreed To Settlement Deals Prior To CollapseRobert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled claims investigating employee severance packages, as FTX did not record employee complaints.According to Cleary’s report, the investigation “ultimately identified settlement agreements totaling more than $25 million with seven whistleblowers who alleged various improprieties at the FTX…

The House Committee on Education and the Workforce’s hearing on campus antisemitism Thursday came with no shortage of fiery exchanges between lawmakers and the heads of Northwestern University, Rutgers University and the University of California, Los Angeles (UCLA). But unlike two prior hearings, Thursday’s was the first to take place after a wave of pro-Palestinian encampments spread across campuses nationwide, disrupting learning and commencement ceremonies and ultimately causing many students to feel unsafe. Here are some of the most important takeaways from the hearing that lasted several hours. Northwestern President Michael Schill and Rutgers University President Dr. Jonathan Holloway negotiated…

High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store.”Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a Wednesday Senate hearing.Shoppers may be infuriated to find certain grocery products, such as a pound of chicken breasts or a loaf of bread, go up from one week to the next, Warren said.And they may be frustrated to find other products, such as a box of cereal or a package of spaghetti, come with fewer…

Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per share of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor’s shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts surveyed by FactSet expected $1.23 per share. Revenue came out…