News

Posted on February 21, 2024 by James Miller

On Thursday, the Biden administration unveiled a significant update on a new student loan forgiveness plan aimed at helping borrowers experiencing financial difficulties. This disclosure comes ahead of planned public hearings, signaling a move towards addressing the persistent issue of student debt. This plan, developed under the Higher Education Act, aims to create a more […]

Posted on February 21, 2024 by James Miller

Nest, the UK’s largest defined contribution pension scheme with assets totaling £36 billion ($45 billion), plans to increase its private assets holdings to up to 30% of its portfolio, marking a significant shift towards alternative investments within a major UK retirement scheme. This strategic move was announced by Stephen O’Neill, head of private markets at […]

Posted on February 19, 2024 by James Miller

In January 2024, the Consumer Price Index (CPI) saw a notable increase of 0.3%, surpassing expectations as annual inflation rates climbed to 3.1%. This unexpected rate signals persistent inflationary pressures within the U.S. economy, challenging consumers and policymakers alike. The CPI’s rise reflects broader economic trends, including increased costs in sectors such as housing, food, […]

Posted on February 19, 2024 by James Miller

As the global markets reopened following the Lunar New Year holiday, expectations were high for China’s markets to showcase strong performance. However, gains have been modest, with China’s central bank opting not to cut rates further, which could limit downward pressure on the yuan amidst looming deflation concerns. Meanwhile, Japan’s Nikkei Index is witnessing a […]

Posted on February 19, 2024 by James Miller

This year, American taxpayers might anticipate larger tax refunds, potentially increasing by up to 10% due to IRS adjustments reflecting last year’s high inflation. The IRS’s yearly adjustments to the tax brackets and standard deductions are behind the anticipated increase in tax refunds. Last year saw the tax brackets adjusted upwards by an unprecedented 7.1%, […]