Homeland Security Secretary Alejandro Mayorkas on Sunday pushed back on criticism of President Joe Biden’s new executive action restricting asylum while calling on Congress to take action on the border. “It’s early, the signs are positive. Our personnel have done an extraordinary job in implementing a very big shift in…

By Mathieu Rosemain PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, is set to cut about 900 jobs in its home country this year, two sources close to the matter said, as CEO Slawomir Krupa seeks to cut costs to boost profits. The job cuts will mostly target IT and…

By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in inventories as producers ramped up output following frigid weather this month. futures for March, which expire on Wednesday, settled down $1.16, or about 1.4%, to…

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to strengthen over the coming year if the U.S. Federal Reserve cuts interest rates as expected, but its gains could be held in check as mortgage renewals weigh on household spending and economic growth, a Reuters poll found. The…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that while he needs more data to convince him inflation pressures are truly falling, he’s open to lowering rates at some point in the next few months. “My outlook is to…

The opportunities for financial advisor education have improved so dramatically in the past 25 years. When I graduated from college with a generic business and finance degree, only a couple of mainstream colleges were known for doing anything with financial planning and virtually no degree programs were available. Now, more…

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Amid 2024 presidential election campaigning, student loan debt and forgiveness is a critical issue to American voters with college graduates struggling to contribute to their loan tab. Across the country, Gen X and a portion of baby boomers racked up an average of $44,331 in loan debt per capita, which…

Americans are racking up more credit card debt as they continue to battle high inflation and interest rates. New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.Consumers owe a collective $1.02 trillion…

President Joe Biden’s new student debt elimination proposal would bring relief for millions more Americans, but a Penn Wharton Budget Model (PWBM) analysis shows it could add another $84 billion to an already costly plan. The Biden Administration released a formal proposal to provide student debt relief to over 30 million borrowers. The new…