Student-loan payments are about to resume. Defaults are expected to follow.
In the months before the pandemic pause on student-loans payments, interest and collections, Jennifer Booth regularly received unpleasant phone calls from her student-loan debt collector that fueled anxiety and doubt. They’d ask her questions like, “Why would you go to school at all?” Booth recalled in an interview. Outside of those phone calls, Booth felt […]
GM slams UAW rhetoric on day six of strike
Breaking with the long-standing tradition of the “handshake ceremony” with the auto executives of the Big Three auto makers to open contract talks, United Auto Workers president Shawn Fain instead speaks with and does “members’ handshakes” with Stellantis workers at the Stellantis Sterling Heights Assembly Plant on July 12, 2023 in Sterling Heights, Michigan. The […]
My husband and I may divorce, but he will inherit $1 million. Do I stick around?
I have been married for eight years. My husband and I have had our ups and downs, as most married couples do. We got married young — he was 26 and I was 25 — which was probably not the best idea, as we had only known each other about a year and a half. […]
My husband and I may divorce, but he will inherit $1 million. Do I stick around?
I have been married for eight years. My husband and I have had our ups and downs, as most married couples do. We got married young — he was 26 and I was 25 — which was probably not the best idea, as we had only known each other about a year and a half. […]
Kraft recalls Singles American cheese slices over choking hazard
Zoom In IconArrows pointing outwards Kraft Heinz recalled nearly 84,000 cases of Kraft Singles cheese slices on Tuesday after multiple customers reported a choking hazard. The food giant received complaints of plastic film that stuck to the cheese even after consumers removed the wrapper, the company said in a press release. In six instances, customers […]
McDonald’s to raise royalty fees for new franchised restaurants
A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants. Paul Weaver | Lightrocket | Getty Images McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time […]
McDonald’s to raise royalty fees for new franchised restaurants
A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants. Paul Weaver | Lightrocket | Getty Images McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time […]
U.S. businesses operating in China are confused and worried. Here’s why.
China’s still-floundering economy is only one of a laundry list of worries for foreign businesses active in the country, yet most still plan on investing significant sums into their Chinese operations, according to two much-anticipated reports this week. Uncertainty over Chinese government policy, U.S.-China tensions, toughening local competition and pressure from the Biden administration to […]
Automakers question UAW strike motives after leaked messages
United Auto Workers President Shawn Fain (center) marches with UAW members through downtown Detroit after a rally in support of the union’s members as they strike the Big Three automakers, Detroit, Michigan, Sept. 15, 2023. Bill Pugliano | Getty Images DETROIT — Major automakers are calling into question the United Auto Workers’ motives in launching […]
Senior Fed officials say more interest-rate hikes still on the table
Several senior Federal Reserve officials on Friday said the U.S. central bank might not be done raising interest rates and that rates are likely to stay “higher, and for longer, than previous projections had suggested.” While there are promising signs inflation continues to slow, Boston Federal Reserve President Susan Collins said Friday, “I continue to […]
