Among the other points you should know: under public service loan forgiveness, your debt is forgiven tax-free. Your private loans can’t be forgiven; only federal loans qualify for public service loan forgiveness. Kantrowitz said some people assume they’ll qualify for forgiveness after 10 years of payments. However, it’s not about how long you’ve been paying
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Germany’s factory activity slowed unexpectedly in July, offering more evidence that President Donald Trump’s aggressive trade rhetoric is affecting confidence. The German Federal Statistics Office reported Thursday that industrial orders for July fell 0.9 percent from the previous month. A consensus forecast of economists gathered by Reuters had predicted a rise of 1.8 percent. The
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The glitz and glamour of summer box-office hit “Crazy Rich Asians” sought to shine a light on an exclusive subgroup of the wealthy elite. But, instead, it pointed to a fast-expanding proportion of Asian society. That’s according to a new report from data firm Wealth-X, which found that Asia is now creating more ultra wealthy
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David Paul Morris | Bloomberg | Getty Images Thomas Kurian, Oracle’s president of product development, speats at Oracle’s 2013 OpenWorld conference in San Francisco. Thomas Kurian, one of the top executives at Oracle, is taking time away from the company for an unspecified period of time, the company has told CNBC. “He’s taking some time
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Traditional retailers racing to stake their claim in the e-commerce market are causing “clutter” in the broader retail industry, Gary Friedman, the chairman and CEO of RH, told CNBC on Wednesday. “I think it’s going to be seen as kind of the lost decade of retailers,” Friedman said in an interview with Cramer, adding that
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American Express shares fell Wednesday after a report the Federal Bureau of Investigation is examining its foreign exchange pricing. Shares fell 1.4 percent. The investigation out of the FBI’s Washington field office is in its early stages and is focused on whether the card company’s foreign exchange international payments department misrepresented pricing to clients to
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Michael Nagle | Bloomberg | Getty Images Pedestrians walk past Aetna headquarters in Hartford, Connecticut. The Department of Justice is close to approving CVS Health’s acquisition of Aetna and Cigna‘s acquisition of Express Scripts, The Wall Street Journal reported Wednesday, citing people familiar with the matter. Both deals could receive formal antitrust approval as soon
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Hong Kong now has more multimillionaires than New York, as the world’s wealth-creation machine moves East and China’s big cities are minting millionaires at a record pace, according to a new report. The number of people worth $30 million or more grew 13 percent in 2017, to 255,810 worldwide, according to the World Ultra Wealth
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Thanks to the efforts of the National Association of Insurance Commissioners (NAIC), families who are left scrambling to find life insurance policy paperwork after the loss of a loved one now have an easier way to go about the process. RELATED: How life insurance became a safety net for this family Free life insurance locator
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Apple’s video streaming offering will be a multibillion-dollar business for the smartphone maker, according to Morgan Stanley. The firm reiterated its overweight rating for Apple shares, saying investors are underestimating the strength of its services business. “We believe that Apple Video will become a reality sooner than investors think … Optionality around Apple Video helps
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Walmart’s surprising positive sales momentum is just getting started, according to Barclays. The firm reinstated coverage on Walmart shares with an overweight rating, predicting the retailer’s investments in improving its store experience will pay dividends. “We believe that Walmart will be able to sustain comp gains over peers going forward,” analyst Karen Short said in
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Amazon made history on Tuesday, becoming the second U.S.-listed public company to enter the $1 trillion market-cap club (Apple was first, last month). The stock surged to an all-time high, bringing its already mammoth 2018 rise to 75 percent. While shareholders have been handsomely rewarded, Amazon’s meteoric gains have one market strategist warning against chasing
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A hot topic in policy debates worldwide, gentrification is defined as the process of rebuilding homes and businesses accompanied by an influx of middle-class or affluent people at the expense of earlier, often poorer residents. One big issue is the lack of consistent data to determine the effects of the trend — positive or negative.
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