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Buzzy promotions have helped McDonald's win over high-income consumers.
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In rebuke, House opens door to challenging Trump's tariffs The Washington PostHouse Republicans break with Trump, blocking a bid to protect his tariff authority CBS NewsTrump Canada tariffs face House vote after Republican leaders fail to block rebellion CNBCDon's double defeat PoliticoHouse Democrats plot b
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Epstein Files Include Grainy Videos From Inside His Florida Home The New York TimesEpstein directed aide to obtain hidden video cameras The Seattle TimesExclusive: ‘Spycam'-style footage inside Jeffrey Epstein's living room uncovered in latest files Channel 4Think about the most insane topic or "product" you wanna exchange: Epstein did for sure. x.comEpstein Email Reveals Twisted Hidden Cameras Plot The New Republic
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Companies in the S&P 500 achieving double-digit sales growth while improving profit margins include Palantir, Micron, Boeing and Alphabet.
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Kraft Heinz announced in September it was splitting into two companies a decade after a merger of the brands created one of the biggest food manufacturers on the planet.
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Job growth was stronger than expected to start 2026, providing some relief to concerns about the state of the U.S. labor market.
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Morgan Stanley strategists offer criteria on how to find the AI winners, saying the market is starting to demand proof of return on equity.
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Prediction markets Kalshi and Polymarket are offering trades on which companies will air Super Bowl ads, prompting concerns about potential insider trading.
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Student loan debt is not just holding back young adults. It's increasingly an issue for older people, sending many of them into default and threatening retirement plans for some. In fact, people aged 60 and older are the fastest growing age segment of the student loan market, according to the Consumer Financial Protection Bureau.
And, according to the Federal Reserve Bank of New York, almost 23% of student debt was held by people aged 50 and older as of 2021.
An analysis from the CFPB found that 39% of consumers aged 60 and older who have student loan debt failed to take care of health care needs such as prescription medicines, doctors' visits, and dental care because they couldn't afford it, compared to 25% of older consumers without a student loan. And according to the Biden administration, a third of seniors with student debt was in default.
"This is a really big issue," says Erik Kroll, a certified financial planner whose company is called Student Loans Over 50, a subsidiary of Hilltop Financial Advisors, "This delays and destroys retirement dreams and adds a lot of stress and anxiety for someone. People in this age group with high balances, when I talk to them, are almost always embarrassed by the amount of loans they have, and it sometimes comes with a sense of hopelessness."
Paul S. Garrard, founder and president of PGPresents agreed: "I would say (it's) a significant challenge." He said it's a combination of old
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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