Democratic presidential candidates Senator Bernie Sanders and Senator Elizabeth Warren say their student-debt cancellation plans will help young Americans and their families finally get a fresh start after being buried in debt for so long.
Research has suggested that cancelled debts can be a major boost for borrowers and the economy overall. When 10,000 borrowers had their private student loans canceled, their income increased on average by $4,000 over three years, a 2019 working paper found.
What does it mean to “watch” a show on a streaming service? For Netflix Inc., it now means viewing at least two minutes.
The streaming service noted in its first quarterly earnings report of 2020 on Tuesday that it has changed the definition of viewership — while Netflix NFLX, -3.58% used to consider any customer that streamed 70% or more of a single episode or film as having viewed that property, it now will count a view after viewing two minutes or any offering. The company admitted that it would boost the limited viewership numbers it provides by more than one-third.
“The new metric is about 35% higher on average than the prior metric,” Netflix executives said in their quarterly letter to shareholders. “For example, 45m member households chose to watch ‘Our Planet’ under the new metric vs. 33m under the prior metric.”
Full earnings coverage: Netflix reports strong revenue, weaker-than-expected subscriber forecast
It’s been a brutal month for baseball. The Houston Astros sign-stealing scandal has rocked the league, causing unprecedented punishment and three managers to lose their jobs. But this week, baseball fans can take a break from the scandal and focus on something more positive: the Hall of Fame.
Major League Baseball announced its 2020 Hall of Fame class Tuesday: New York Yankee legend Derek Jeter and former National League MVP Larry Walker. Newly inducted players could stand to cash in on their Hall of Fame status. Whether it is through the memorabilia industry, speaking fees or public appearances, the Hall of Fame can be a lucrative experience for many players.
“It’s kind of like in the mafia when you get made,” Brandon Steiner told MarketWatch. “There’s definitely a cult following to the Hall of Fame.”
Steiner, the founder of Steiner Sports Memorabilia who now runs the CollectibleXchange marketplace, says making your way into baseball’s Hall of Fame...
The coronavirus has landed on U.S. soil.
A man who returned to the U.S. last week from China was diagnosed with the new and potentially deadly strain of coronavirus, according to the Centers for Disease Control and Prevention. The virus was responsible for at least 17 deaths in Central China as of Wednesday. The man in the U.S. is in his 30s and is in good condition at a hospital in Everett, outside Seattle, the CDC said.
The outbreak — which has infected at least 571 people, including in Hong Kong, Thailand, Japan, Taiwan and South Korea — is believed to have originated in the Wuhan area, likely at a food market. “We are at the very early stages of developing a vaccine to combat the Wuhan coronavirus,” Kathy Stover, the branch chief for the National Institute of Allergy and Infectious Diseases, told Fox News.
WASHINGTON (AP) — Adam Schiff was still speaking — about witnesses, documents, future presidents and the impeachment of President Donald Trump. He’d said it all before, but five hours into the Senate trial, Schiff, the lead prosecutor, was saying it again.
Suddenly, from the Republican side, Sen. James Risch of Idaho raised his left hand so Schiff could see it and pointed, repeatedly, to his wristwatch. Time’s up, Risch signaled. He was right: It was time to vote, and — perhaps as important — it would soon be time for dinner. Schiff yielded, and the senators rose to vote and then quietly left the chamber.
“The subject matter is something we’ve all heard,” Sen. Mike Braun, R-Ind., told reporters.
The understatement helps explain what seemed to be a widespread struggle with attention late Tuesday and early Wednesday as arguments in the abuse and obstruction trial stretched past midnight. It’s a challenge anyone who’s served on a jury might understand,...
Every parent knows that kids cost a lot of money, for everything from food, clothing and shelter to child care, education and health care. They’re right: studies show that a two-parent family with two kids devotes between 31% and 47% of total household spending to its children. And at the same time that parents are raising their children, they’re supposed to be saving for their own retirements.
Some good news for parents: While child-raising costs and retirement savings are rarely mentioned together, having kids might mean you actually need to save less for retirement than your childless friends.
People saving for retirement usually aim to maintain their preretirement standard of living once they stop working. For a childless household, that’s pretty straightforward. Financial planners often say that a retirement income equal to of 70% of preretirement earnings is enough, since many expenses — such as work-related costs, taxes and the need to save for...
Super Bowl ticket prices are heating up.
The average price is $8,904 for tickets to the Super Bowl between the San Francisco 49ers and Kansas City Chiefs on Feb 2. In fact, tickets purchased through Ticketmaster LYV, -0.35%, the official ticketing partner of the NFL, is higher than any other year in the past six years, the company said Wednesday.
Currently, 21% of customers purchasing tickets to the Super Bowl through Ticketmaster are from Kansas and Missouri, and 20% are from California. The cheapest ticket still available to purchase on their site cost $4,644, compared to StubHub and SeatGeek’s cheapest tickets which cost $4,130 and $3,590, respectively.
Remember those exhausting, yet sometimes exhilarating, moments at college arguing over life’s existential questions with fellow students? What am I going to do with my life? How can we make a difference? Was Einstein right that God doesn’t play with dice? Is there a God? Will capitalism doom the planet? Jokes about altered states aside (please), those discussions were formative for many of us now in our 50s and 60s back in the day.
Higher education is still largely focused on students in their 20s and 30s. Yet with swelling numbers of boomers and Gen Xers deciding to stay employed, more colleges are offering ways to help experienced workers plot their encore careers. Two of the most notable entries: Notre Dame’s Inspired Leadership Initiative and the University of Minnesota’s Advanced Career Initiative.
“Eighteen-year-olds going to college get to ask existential questions. These are the same questions encore adults are asking,” says Kate Schaefers,...
More than 20 years after the first documented usage of the term “cloud computing,” cracks appeared in the big data center build-out by public cloud companies last year.
If tech stocks are going to maintain their record highs, then earnings reports and 2020 forecasts that begin to pour in this week need to show a rebound on the way. If they don’t, it is time to assume that the Cloud Boom has petered out.
During 2019, spending on much of the technology inside data centers at public cloud companies — servers, disk drives, memory chips, processors, networking gear — declined for the first time. Market research firm IDC said the public cloud IT infrastructure segment cooled down in 2019, with spending falling 6.9% to $42 billion. The year 2018 was characterized by “ridiculously high” spending that surged about 50% to a peak spending year so far of $45.1 billion.
That high spending was reflected in the big booms investors saw in many sectors of tech in...
The super-rich have a simple choice ahead of them: pay more taxes or face “pitchforks” from the masses worldwide.
That’s according to one group of millionaires and billionaires, who say they know what their choice is: they’ll gladly pay more taxes.
“We urge you to step forward now — before it’s too late — to demand higher and fairer taxes on millionaires and billionaires within your own countries and to help prevent individual and corporate tax avoidance and evasion through international tax reform efforts,” the 121 well-heeled members of the Patriotic Millionaires wrote in an open letter Wednesday as the world’s elite amassed in Davos, Switzerland for the World Economic Forum’s high-profile summit.
“Extreme, destabilizing inequality is growing across the globe,” the letter said. “Today, there are more billionaires on earth than ever before, and they control more wealth than they ever have. Meanwhile, the incomes of the poorest half of humanity remain...
I currently have about $315,000 in retirement savings and am 38 years old. I have about $30,000 in consumer debt (this is the only debt we carry, no car payment or mortgage) — about $24,000 of which is an unsecured loan that I’m paying about 10% interest on; the rest is on credit cards that are on a 0% promotional period and that I hopefully pay off before the 0% period expires in October 2020.
I’m trying to pay down my debt and continue to save aggressively for retirement…I’ve made minimal improvements over the past couple of years paying down my debt and continue to play the balance transfer game on credit cards to retain 0% interest rates or other low rate options. We also have two small children that add to the list of expenses.
My plan for 2020 is to lower my 401(k) contributions from 15% to 5% and use the additional income to pay down debt. My company contributes 10% no matter what I contribute. What are your thoughts on this?...
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