Author: News Room

Some consumers spending money for Valentine’s Day anticipate doing so for their other half might rack up credit card debt for them, according to a LendingTree survey. Twenty-seven percent of consumers in a relationship with intentions to make purchases for the romantic holiday said they expect they “may take on credit card debt,” the LendingTree survey released Monday found. Of that figure, 20% said “maybe,” while 7% said “yes.”AMERICANS PLAN TO INCREASE VALENTINE’S DAY SPENDING DESPITE SQUEEZED BUDGETS Nearly three-quarters, on the other hand, do not foresee doing so for Valentine’s Day, according to the survey. LendingTree said the amount…

SoFi Bank N.A. is attempting to halt the Biden administration’s pause on federal student loan payments.  The private bank argues that the moratorium has no legal basis and has cost the bank. In a federal lawsuit filed Friday in Washington, D.C., SoFi asked a federal judge to overturn the latest extension of the pause.  Student loan payments were first halted under President Trump’s administration and the hold has been extended eight times over three years.  Ticker Security Last Change Change % SOFI SOFI TECHNOLOGIES 5.75 +0.01 +0.17% STUDENT LOAN REFINANCE INTEREST RATES EDGE UP FOR BOTH 5- AND 10-YEAR LOANS”We have…

New Orleans, a city dependent on tourism, adopted new regulations on Airbnb-style short-term rentals on Thursday after an emotional debate between residents and council members. When the new rules take effect in July, owners of short-term rentals in the city will be limited to licensing one property per block and the operator must live on the property – whether it’s the owner or a renter allowed to reside there.The decision came after a federal appeals court ruling in August obliterated a regulation designed to stop “whole house” vacation rentals by absentee homeowners, The Associated Press reported. The ruling also reignited…

The U.S. is more of a mortgage-ownership society than a home-ownership society. A 2022 OECD (Organisation for Economic Co-operation and Development) study of 28 countries found the U.S. had the third lowest percentage of households that owned their homes “free and clear” with no mortgages, as “outright owners.” Free-and-Clear Homeownership Rate of Households Lithuania = 83% Slovak Republic = 69% Hungary = 68% Slovenia = 68% Poland = 66% Greece = 63% Latvia = 61% Italy = 60% Estonia = 57% Japan = 48% Spain = 48% Chile = 45% Ireland = 43% Portugal = 43% Luxembourg = 42% Korea…

If you love to travel, you have probably seen how high some vacation prices are these days. Even with a champagne budget, you might only find cheap beer travel options. Keep reading as we share some tips to travel well without breaking the bank. Putting extra effort into stretching your travel dollars can help you either travel more or save some money. Here Are Five Ways I Stretch My Travel Dollars For More Luxury Travel Each Year. -Try To Plan Ahead- AKA Book Early I recently took a trip with friends. We were all flying to the same place on…

Gwyneth Paltrow’s ski accident trial was not as alluring as the Johnny Depp and Amber Heard case, but it still attracted people who couldn’t look away. At a minimum, it was worth losing half a day of skiing to check it out. In the end, a Park City, Utah, jury deliberated for less than three hours after being handed the case and they came down in favor of the Oscar-winning star. Jurors awarded Paltrow $1 in damages, ruling Dr. Terry Sanderson was 100% at fault in the 2016 collision on the slopes at Deer Valley Utah. Paltrow’s accident with the…

Jason R. Escamilla, founder and CIO of ImpactAdvisor LLC in San Francisco, has seen it all before. It was nearly 30 years ago when he initially tried Socially Responsible Investing (“SRI”), the predecessor of ESG. And he was cool with it. Until everything changed. “ESG/SRI used to be about selectivity and choice,” says Escamilla. “I first got involved with SRI/ESG investing in the 90s. For decades, it was about selectivity and choice or preferences—primarily among institutional investors/clients. Funny thing happened on the way to going mainstream. ESG became the bully. The divestment movements ushered in powerful attention and support from…

A federal appeals court has issued a ruling that clears the way for the Biden administration to implement student loan forgiveness and other debt relief under a landmark settlement to resolve stalled Borrower Defense to Repayment claims. Here’s the latest. $6 Billion Student Loan Forgiveness For Over 200,000 Borrowers In Sweeping Settlement With Biden Administration A federal district court ruled in February that settlement relief to resolve Sweet vs. Cardona could proceed. The class action lawsuit had pitted thousands of student loan borrowers against the Education Department for several years. The class of borrowers alleged that department officials had illegally…

After a 20% growth over the last six months, at the current price of around $66 per share, we believe Restaurant Brands International Inc. stock (NYSE: QSR), one of the largest fast-food restaurant chains in the world, including Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs – is fairly priced in the near near term. QSR stock has increased from around $55 to $66 in the last six months, outperforming the broader indices, with the S&P growing about 8% over the same period. QSR’s stock growth can be attributed to its solid business. All four company…

Key takeaways McDonald’s is making remote layoff announcements to corporate employees after shutting its offices temporarily, having announced the job cuts earlier this year The fast food mega-chain’s stock was up 0.9% at the news and is overall up nearly 7% this year McDonald’s is considered a ‘safe’ stock, but it faces some hurdles in the near future Fast food titan McDonald’s is laying off corporate employees this week as it concludes the review process, having temporarily shut the offices so it can do the deed remotely. The layoffs were announced earlier this year in another blow to white-collar workers,…