By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. The deal’s…

OBSERVATIONS FROM THE FINTECH SNARK TANK When Apple speaks, people listen—and pundits pontificate. The pundits came out in force after Apple announced the Vision Pro, a mixed reality headset. Apple describes the Vision Pro as a “spatial computer that seamlessly blends digital content with the physical world.” According to its…

Executives at the world’s largest asset manager are worried about rising long-term inflation, and the willingness of the Federal Reserve to save stock investors. Blackrock Inc. published last week its Global Outlook for 2023. The report identifies three drivers that should know about, because they will reset stock and bond…

While the pandemic threw the American economy for a loop and rising interest rates from 2022 to 2023 have proved detrimental to several sectors, one area of finance that shows some positive signs is student loan defaults. As of the latest data available on student loan default rates, the annual…

June 15 is World Elder Abuse Awareness Day (WEAAD). Launched in 2006 by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations, WEADD serves as a call-to-action for individuals, organizations and communities to raise awareness about elder abuse, neglect and exploitation.…

On Friday, the House of Representatives introduced three bills that the House Ways and Means Committee plans to mark up this week. The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead…

Investors willing to risk cash in the face of rising interest rates and a weakening economy can take advantage of opportunities away from the stock and bond markets, money managers said at an alternative-investing conference in New York on Monday. “We’re in a period of high volatility and uncertainty—generally asset…

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts discussed the electric vehicle maker’s 12-day winning streak — its longest ever. The stock kicked off its historic run on May 25. On that day, Tesla announced a new deal to allow Ford EV…

The political network financed largely by billionaire Charles Koch is launching a wave of digital ads targeting former President Donald Trump.The ads argue that if Trump becomes the Republican nominee next year, it will lead to President Joe Biden winning reelection.Americans for Prosperity Action, a super PAC that received millions…

Like many adults, a lot of teenagers don’t know what they want to do when they grow up. Even when they think they do, they may not have a realistic grasp of whether a given occupation or job is likely to be economically viable for them over time. For instance,…