A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on Feb. 22, 2024 in Austin, Texas. Brandon Bell | Getty Images The Trump administration announced on Thursday that it will offer federal student loan borrowers who sign up for autopay a 1-percentage-point reduction on…
SpaceX shares have gained more than 30% since the aerospace and satellite communications company went public on Friday. Now, some people may be wondering whether they missed their chance to invest in the high-flying stock if they didn’t buy it at the IPO or its first few days of trading. Spoiler: They haven’t. In fact,…
Valentinrussanov | E+ | Getty Images Women tend to save more of their paycheck for retirement than men, but still trail them in 401(k) account values, new research shows. The average 401(k) balance among men in 2025 was $194,597, compared with $146,476 for women, according to Vanguard’s new 2026 How America Saves report, which looks…
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Roberto Schmidt | Getty Images The Federal Reserve held interest rates steady Wednesday, concluding the first meeting helmed by new Fed Chairman Kevin Warsh….
Damircudic | E+ | Getty Images July 1 is a significant date for tens of thousands of Americans who hold federal student loans. That’s when changes to the U.S. Department of Education’s menu of repayment and relief options under the One Big Beautiful Bill Act take effect. It’s also a key date the Trump administration…
Dny59 | E+ | Getty Images Social Security‘s trust funds may have a bit more runway than expected, according to new long-range projections by the Penn Wharton Budget Model, shared exclusively with CNBC. The trust fund Social Security relies on to help pay retirement benefits — Old-Age and Survivors Insurance, or OASI — may be…
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week — the first helmed by new Fed Chair Kevin Warsh — doing little to ease the affordability concerns plaguing many U.S. households. President Donald Trump‘s pick to lead the central bank previously indicated he would consider cutting rates, but with…
Ranking member Sen. Elizabeth Warren, D-Mass., speaks during the Senate Committee on Banking, Housing and Urban Affairs confirmation hearing for Kevin Warsh, President Donald Trump’s nominee for chair of the Federal Reserve, in the Dirksen Senate Office Building in Washington, on April 21, 2026. Andrew Harnik | Getty Images Sen. Elizabeth Warren, D-Mass., is calling…
Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time. The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S. Department of the Treasury for kids born between 2025…
Pekic | E+ | Getty Images With a bit of strategy, federal student loan borrowers can lower their monthly bills on the U.S. Department of Education’s new repayment plan, coming July 1. Under the Repayment Assistance Plan, or RAP, borrowers pay a higher percentage of their income as their earnings grow. That means that finding…