Author: Editor

Major student-loan changes are coming, including new caps on borrowing. Some people might not face them right away. Loading audio narration… On July 1, the repayment changes in President Donald Trump’s “big beautiful” spending legislation will take effect. The changes include a new income-driven repayment plan, ending a program that allows graduate students to borrow the full cost of attendance, and introducing new borrowing caps for advanced degrees.While some provisions will be phased in by 2028, others, like the new borrowing caps, will be implemented this summer. However, some borrowers may qualify for an exception.According to Federal Student Aid, borrowers who meet…

Disney has officially finished its latest round of layoffs, and company leaders are telling their teams what changes were made — and why. Loading audio narration… The cuts affected divisions across Disney, though marketing was hit especially hard. CEO Josh D’Amaro told staffers on Tuesday that the company decided to “streamline” its enterprise marketing and brand groups to “serve consumers in an even more connected way.”Asad Ayaz, Disney’s chief brand and marketing officer, gave employees more context about the changes in a memo on Wednesday night.”Over the past few months, the marketing leadership team and I have been working together…

On an otherwise uneventful day in July 2021, I got an email that ended up changing my life. Loading audio narration… Two months earlier, I’d applied on New York City’s housing lottery website for a chance to live in a newly built apartment complex in a neighborhood I could never afford under normal circumstances.I didn’t think much about it because the system itself is kind of mindless: You fill out your income details one time when first setting up your profile and then simply hit “Apply” whenever a building in your income bracket comes up.By that point, I’d applied to…

If you happen to own a multi-million dollar vacation home in New York City, lawmakers are gearing up to increase your tax bill. Loading audio narration… Gov. Kathy Hochul unveiled a plan this week for a pied-à-terre tax in NYC, which would tax property owners who primarily live outside the city but have a local home worth over $5 million. Often, these individuals don’t pay city or state taxes because their official address isn’t in NYC. The proposal, which is backed by Mayor Zohran Mamdani, could mark his first step toward taxing the city’s financial elite in conjunction with state…

A JetBlue aircraft lands under the DC skyline featuring the U.S. Capitol building, near United Airlines, American Airlines and Delta Airlines aircraft on the tarmac at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S. January 25, 2025. Jim Urquhart | ReutersA U.S. lawmaker is urging the CEOs of the country’s largest airlines to lower prices if and when the cost of jet fuel declines after a massive run-up this year prompted carriers to raise surcharges, bag fees and fares.”If airline pricing is truly tied to global fuel costs, then it must be truly responsive when those costs decline,” U.S.…

The U.S. Internal Revenue Service (IRS) building stands after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025. Kent Nishimura | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.For seven years, wealthy Americans faced a looming deadline to take advantage of tax provisions that were set to expire at the end of 2025. While the…

Box CEO Aaron Levie wouldn’t be surprised if his engineers set up a tokenmaxxing leaderboard. Loading audio narration… “Honestly, they might exist,” he told Business Insider. “I just don’t know that it’s gone super viral across the entire company yet.”Levie wouldn’t be against it, per se. He said the trend — in which engineers race against each other to spend as many AI tokens as possible — is a “fun, novel thing” that leads in the right direction. It will push AI agents to their limits, he said, and find the biggest productivity gains.Token rankings are the new hot-button topic…

With tax day behind us, US taxpayers should have a better idea of how much they contribute to their local, state, and federal governments through taxes.Federal taxes apply nationwide, but local taxes like income, property, sales, and excise taxes — taxes paid by retailers and passed on to consumers in the form of higher prices — can add up differently in each state.While some states have higher overall tax rates, tax burden measures how taxes compare to personal income in each state, or what share of their income residents of every state pay in taxes.A WalletHub study ranked all US…

Indeed CEO Hisayuki “Deko” Idekoba says all the concerns about AI are missing a much bigger issue in the labor market. Loading audio narration… “Actually, what is happening in all developed countries, including European countries and the US, what is happening is a big demographic change, an aging labor market,” Idekoba, who is also CEO of Indeed and Glassdoor’s parent company Recruit Holdings, said on Wednesday during Semafor’s World Economy Summit.The struggle to backfill retiring workers “is a way bigger impact than AI impact today,” Idekoba said.Idekoba said Indeed’s research found that in the US, there will be 20 million…

Work-life balance is a myth that working parents should stop chasing, Rebecca Minkoff told Business Insider. Loading audio narration… “I don’t believe in balance,” the fashion designer and cofounder of the Female Founder Collective, 45, said, adding: “It does not exist. It’s never existed for men who want to be parents, or women. Period.”Minkoff, who has four children between the ages of four and 14, said she struggled with trying to do it all while raising her first three kids. “You’re giving a bath to your baby, and I just remember thinking for the first three kids, ‘Hurry up, go…