Americans are holding over $1.7 trillion of student loan debt, two-thirds of which is held by women, totaling about $929 billion, according to the American Association of University Women. The group's CEO Gloria Blackwell and Yahoo Finance's Ronda Lee join the show to discuss why women are entangled in this financial burden and how the gender pay discrepancy will have a massive impact this October, when student loan repayments resume. Blackwell details ways in which both the government and businesses can enforce and reform policies that alleviate this burden including "making sure that workplaces are equitable" and "that we move forward in pushing the Paycheck Fairness Act, for example, which will really strengthen the protections that were put forth in the Equal Pay Act." Click here to watch more of Yahoo Finance's special coverage "Student Loans: Crisis or Crucial?"
Americans are holding over $1.7 trillion of student loan debt, two-thirds of which is held by women, totaling about $929 billion, according to the American Association of University Women. The group's CEO Gloria Blackwell and Yahoo Finance's Ronda Lee join the show to discuss why women are entangled in this financial burden and how the gender pay discrepancy will have a massive impact this October, when student loan repayments resume. Blackwell details ways in which both the government and businesses can enforce and reform policies that alleviate this burden including "making sure that workplaces are equitable" and "that we move forward in pushing the Paycheck Fairness Act, for example, which will really strengthen the protections that were put forth in the Equal Pay Act."
Click here to watch more of Yahoo Finance's special coverage "Student Loans: Crisis or Crucial?"
Reuters
Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. It has already reduced its employee base by nearly 40,000 and cuts are likely to continue, Santomassimo said. The bank has trimmed its mortgage business, which has also seen some layoffs.
SmartAsset
The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
The Wall Street Journal
Your favorite cold medicine for a stuffy nose may soon be unavailable. An advisory panel to the Food and Drug Administration declared Tuesday that an ingredient in widely used oral decongestants doesn’t work, setting the stage for dozens of products to be removed from U.S. store shelves. At issue is phenylephrine, an almost-century-old ingredient in versions of Benadryl, Mucinex, Tylenol and other over-the-counter pills, syrups and liquids to clear up congested noses.
Zacks
Nikola (NKLA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
TipRanks
September is traditionally known to be a challenging month for the stock market, with historical data showing it is usually the worst month of the year for stocks. However, when considering year-to-date activity, J.P. Morgan’s Global Investment Strategist, Madison Faller, points out that this may not be the case this year. “A closer look shows that in the 10 times since 1950 that the S&P 500 has been up at least 10% year-to-date and it’s been down in August (just like this year), September has b
TipRanks
Everyone likes a winner, and it’s only natural to gravitate toward them, but the stock market offers a unique twist on that process. That is because the biggest opportunities are often found among the losers, or more precisely, the stocks that have been beaten-down for one reason or another. The interesting part is that in the stock market, these losers can quickly become winners, and those who were bold enough to pick up equities at depressed levels when they looked down and out will, in the en
Bloomberg
(Bloomberg) -- RTX Corp. dramatically expanded the scope of required engine checks at its Pratt & Whitney unit, a move that will affect nearly its entire fleet of turbines powering Airbus SE’s latest A320 and ground hundreds of the single-aisle jets for months.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Gian
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