Author: News Room

Seven GOP-led states have filed a lawsuit challenging the Biden administration’s most recent student debt forgiveness plan, accusing the U.S. Department of Education (DOE) of taking steps to cancel loans beginning as early as this week. The lawsuit comes nearly a week after the Supreme Court denied the Biden administration’s request to lift a block on the Saving on a Valuable Education (SAVE) plan, which is designed to ease the burden of student loan debt for millions of borrowers.In a lawsuit filed Tuesday in a Brunswick, Georgia, federal court, attorneys general from Republican-led states, including Georgia and Missouri, took aim…

Japan is cool, modern and traditional. And … cheap? That is what Hannah Kirshner found to her surprise. We are talking about buying property. The young American writer and food stylist has two properties in Yamanaka, a little hot spring town in Ishikawa Prefecture, Japan. Kirshner always had been interested in Japanese culture. In 2015, through her connection, she got an opportunity to have a three-month apprenticeship at a sake bar in Yamanaka. Yamanaka’s foresty nature reminded her of her hometown North Bend, Washington. Also, the close-knit local community made her feel comfortable. In 2018, she moved to the town…

Vice President Kamala Harris is adding tax relief for small businesses to her economic policy platform aimed at helping middle-class and working Americans. Harris is expected to unveil Wednesday a proposal to massively increase the existing small business tax deduction for startup costs and plans to suggest ways to cut the red tape that impedes small businesses’ formation and growth, according to a Harris campaign official. Her goal: 25 million new small business applications in her first term, up from the record 19 million received under the Biden administration as of mid-August. The measures come three weeks after Harris released…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseKamala Harris will this week propose drastically expanding tax relief for Americans starting small businesses from $5,000 to $50,000, in the Democratic presidential candidate’s latest effort to sketch out her economic policy plans with two months to go until November’s election.A Harris campaign official said the vice-president would detail her plans for a tenfold expansion in small business tax deductions for start-up expenses in a speech in New Hampshire on Wednesday. Harris will visit the New England state before…

Introduction Most people have come to agree that investing in low-cost, diversified index funds is a good idea. Most people also like paying less in taxes and deferring their payment into the future. Direct Indexed Tax Loss Harvesting (DI) programs combine these benefits into one package. And wealth managers like them too, as they can charge extra fees by putting their clients into DI programs rather than steering them into index funds offered by Vanguard or BlackRock. Investors have been so convinced of the benefits of DI that Goldman Sachs, Morgan Stanley and JPMorgan manage upward of $300 billion in…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. That golden era is now coming to an abrupt end. The rapid rise of China’s homegrown electric vehicle (EV) makers, such as BYD and Xpeng (XPEV), is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing end. The latest sign of the steep challenges facing traditional…

With Labor Day come and gone and the summer lull on Wall Street over, the bears are getting louder just in time for the start of the worst month of the year for stocks. During Tuesday’s market rout, Jim Cramer said, “Buy the dip.” However, before buying in earnest for the Club, Cramer wants to see the overbought market, which has been that way since Aug. 19, abate. It’s going to take a lot more than a decline of 2.1% in the S & P 500 at the start of September trading to swing the Oscillator to oversold. At a…

Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a Harris campaign official who was granted anonymity to share details of a proposal that is not yet public.Harris will roll out the new plan at a presidential campaign event in New Hampshire on Wednesday, part of her broader kick-off of the post-Labor Day two-month sprint to Election Day.Under the proposal, new small businesses could spread the deduction out over several years, or delay claiming the $50,000 tax…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 29, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Major milestones are a good opportunity to pause, reflect, and think about where we are heading. This year is a major milestone for the retirement industry as the Employee Retirement Income Security Act of 1974 (ERISA) reaches its 50th anniversary today. ERISA is the federal law that for the first time set important standards for most voluntarily established retirement and health plans in the private sector to protect individual participants and beneficiaries. Key provisions of ERISA require plans to provide participants with essential plan information; set minimum standards for participation, vesting, benefit accrual, and funding; establish fiduciary responsibilities for those…