Law Ho Ming | Moment | Getty Images The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify. In a June 18 press release, the U.S. Department of Education announced that eligible borrowers who enroll…
Sen. Bill Cassidy, R-La., speaks to reporters following the weekly Republican Senate policy luncheon at the U.S. Capitol on March 11, 2025 in Washington, D.C. Kayla Bartkowski | Getty Images News | Getty Images Republican Sen. Bill Cassidy of Louisiana has one big task he would like to check off his to-do list before his…
Artistgndphotography | E+ | Getty Images More than 6 million American children have been signed up for Trump Accounts, according to a new mid-June tally from the U.S. Department of the Treasury. In the lead-up to the official launch on July 4, a growing number of parents and guardians have opened an account for a…
Alvaro Gonzalez | Moment | Getty Images A lack of available child care could cost the U.S. economy up to $329 billion over the next 10 years, a 2025 Bipartisan Policy Center report found. One untapped way for families and the businesses that employ them to save on those costs could be through existing tax…
PhotoAlto | Sigrid Olsson | Getty Financial advisors increasingly want to add the super-rich to their client lists. Not only do ultra-high net worth households offer a level of cachet to financial advisors, but there’s also growing demand for advice from this client segment, according to experts. There were about 442,000 households with $20 million…
Thomas Barwick | Digitalvision | Getty Images At the highest levels of wealth management, success is measured by more than investment returns. The advisors entrusted with guiding substantial fortunes must combine technical expertise, strategic foresight and an ability to serve clients whose financial lives often span businesses, generations and continents. That’s precisely why CNBC’s Elite…
Wera Rodsawang | Moment | Getty Images The richest U.S. households have financial needs different from those of the average investor and, as such, seek out financial advisors who specialize in managing this echelon of wealth. The inaugural CNBC Elite Advisors list recognizes 25 of the nation’s leading investment advisors serving ultra-high net worth individuals…
Thomas Barwick | Digitalvision | Getty Images The wealth management industry is in the middle of a sweeping shift, as more firms move up the wealth ladder to serve the richest individuals and families. Technology, competition and industry consolidation are pressuring fees and profitability, experts say. At the same time, the population and fortunes of…
Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty Images Cryptocurrency adoption appears to have a political bent — and a significant gender divide. Republicans have adopted crypto with more gusto than Democrats in recent years, data shows, coinciding…
Westend61 | Westend61 | Getty Images Even as home price growth has slowed, the housing boom during the first half of the 2020s means many owners are sitting on substantial equity — and they appear willing to use it. Homeowners tapped an estimated $47 billion in equity — the difference between their mortgage balance and…