Author: Editor

If there’s one thing student-loan borrowers are familiar with, it’s uncertainty — and there’s a lot of that right now.Around the time it was set to take effect in early January, President Donald Trump’s Department of Education announced that it was pausing wage garnishment and tax refund seizures for defaulted student-loan borrowers. This gives borrowers behind on payments more time to find a way back to good standing, but it’s unclear how much time they’ll have.As to when that pause will lift, not even servicers appear to know. An employee at a major student-loan servicer told Business Insider that they received…

Goldman Sachs’ David Solomon has restored the bank’s swagger — and it just rewarded him with a $47 million pay package for 2025.It’s his highest annual pay yet, and it puts him ahead of his top competitor on Wall Street, JPMorgan CEO Jamie Dimon, whose firm announced this week it would pay him $43 million for last year’s performance.Solomon’s prior-year compensation was $39 million for 2024, meaning this year’s pay is up 21%.Goldman announced his compensation in a regulatory filing on Friday, citing “continued and significant shareholder value creation during 2025, including a total shareholder return of 57%,” under Solomon’s…

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought.Kevin Mohatt | Kevin Lamarque | | ReutersSen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according to a letter obtained exclusively by CNBC.In a letter to acting CFPB Director Russell Vought, Warren, D-Mass., noted that in the last year the agency has dropped a rule limiting credit card late fees, sided with lenders in lawsuits over deceptive practices and paused enforcement actions against…

The Internal Revenue Service and the Treasury Department released a set of questions and answers on the new deduction for overtime pay under the One Big Beautiful Bill Act only a few days before the start of tax season.Processing ContentThe FAQs in Fact Sheet 2026-01 noted that for tax years 2025 through 2028, individuals who receive qualified overtime compensation can deduct the amount that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) and is reported on a Form W-2 or Form 1099. The FAQs include more information about the deduction, provide resources for employees (including…

An image of former Canadian Olympic snowboarder Ryan Wedding, who was a fugitive and had been charged with allegedly running and participating in a transnational drug trafficking operation, is displayed on a video monitor along with bricks of cocaine, foreground, during an October 2024 news conference at the FBI offices in Los Angeles. Damian Dovarganes/AP hide caption toggle caption Damian Dovarganes/AP WASHINGTON — Ryan Wedding, a former Olympic snowboarder from Canada who was among the FBI’s top fugitives and faces charges related to multinational drug trafficking and the killing of a federal witness, has been arrested in Mexico, top Justice…

2026 has so far resembled the worst parts of 2025 at many quant hedge fund managers.The beginning of the year had the worst stretch of losses since early October, according to a Goldman Sachs report, and several big-name managers did not avoid the pain.HSBC’s Hedge Weekly report states that Renaissance Technologies’ two largest funds lost roughly 4% each through January 9. A person familiar with Schonfeld said the manager’s quant-only strategy was down 3.9% through January 16.Engineers Gate was down around 6% midway through the month, a person familiar with the matter said.Renaissance, Schonfeld, and Engineers Gate declined to comment.The…

When people ask me when I plan to retire, they usually expect a number: 62, 65, maybe 70.My answer tends to stop them in their tracks: Never.I have no plans to retire, and it’s not because I can’t afford to retire —nor is it that I’m afraid to slow down.I have no retirement plans because my life and career didn’t truly begin to unfold until my 50s. I feel like I’m finally getting into the swing of things, and I’m excited to see where my career will go next.I spent decades doing what I was ‘supposed’ to doLike many women,…

The world’s four richest people are off to a roaring start in 2026. In just over three weeks, they’ve together added $100 billion to their fortunes — more than Nike, Robinhood, or UPS are worth.Musk has captured the lion’s share. The Tesla and SpaceX CEO’s net worth has soared by $70 billion since the start of January, hitting $690 billion at Thursday’s close, the Bloomberg Billionaires Index shows.If Musk’s year-to-date wealth gain was someone’s entire net worth, they would rank among the world’s 25 richest people, just behind industrialist Charles Koch on $71 billion.Musk’s fortune has ballooned this year primarily…

FlexTecs, a provider of recovery audit, contract compliance, and payment accuracy software and solutions, announced a strategic investment from Cohere Capital, a Boston-based private equity firm focused on investing in differentiated technology and tech-enabled services companies.  The existing leadership team will continue to lead the business, with strategic guidance and resources from Cohere Capital and its Board advisors. The new investment will enable the company to accelerate its growth trajectory, including strengthening its core recovery audit and contract compliance services while expanding the capabilities of its proprietary SaaS platform, FlexTrap. …  CPA Crossings (CPAx), a provider of continuing education to…

This as-told-to essay is based on a conversation with David Heacock, CEO of Filterbuy. It has been edited for length and clarity.I swore I would never get into the family business. My grandfather founded a machinery company in Talladega, Alabama, and the business was successful locally, employing about 150 people. Growing up, our family was a big fish in a small pond.Behind the scenes, there was friction within the business. My grandfather stepped down, leaving my dad, uncle, and aunt to run the company. With each person holding a minority share, there was a lot of wrangling over decisions. Even…