Monthly Archives: August 2022

‘Frupidity’ is a new word making the rounds inside Amazon, a combo of the company’s ‘frugality’ leadership principle and ‘stupidity’

Amazon CEO Andy Jassy speaks at the GeekWire Summit. Dan DeLong/GeekWire “Frupidity” is a new word making the rounds inside Amazon. It combines “frugality,” one of Amazon’s 16 principles, and “stupidity.” One recent example was an employee being forced to drive from Los Angeles to San Francisco for a company event. There’s a new word…

Private student loans don’t qualify for forgiveness; 3 alternatives to consider if your debt is ineligible

While you can’t get private student loans forgiven, you do have options to handle your debt. Tom Werner/Getty Images You can’t get forgiveness with private student loans, unlike with their federal counterparts. The primary perks of refinancing private loans are a better rate and a lower monthly payment.  Take advantage of state loan assistance programs…

Kabbage business banking review: Checking account with high APY and no minimum opening deposit

Kabbage is a fintech company that offers a business checking account. Alyssa Powell/Business Insider Update: Kabbage is no longer accepting new applications for the Kabbage Business Checking Account. This review is meant to help existing Kabbage customers understand their account. You’re also still able to take out a commercial line of credit with Kabbage.  …

The latest meme stock rally is fizzling and speculative buying by retail investors will wane through the rest of 2022, says Vanda

Bed Bath & Beyond shares have been on a wild ride in 2022. Nam Y. Huh/AP Photo Retail investors are showing signs of slowing down stock purchases, including resurgent meme stocks, said Vanda Research.  The firm said the average portfolio of retail investors has been declining, with recent losses at 23%.  Bed Bath & Beyond…

4 details you might have missed from Biden’s student debt forgiveness announcement

President Joe Biden Drew Angerer/Getty Images The details of Biden’s student-debt relief announcement reveal other ways the White House is helping borrowers. The administration overhauled income-driven repayment plans and offered more aid to Pell Grant recipients. The debt forgiveness plan is also tax-free at the federal level, saving borrowers from a hefty tax bill. The…

Location, campus life, and abortion access: Overturning Roe v. Wade adds yet another concern to students’ college search

Getty Images Overturning Roe v. Wade means high school students are now considering abortion access in choosing colleges. Sabrina Thaler, 16, told Insider not being able to get an abortion in college gives her “anxiety.” College admissions firms also told Insider that high schoolers are tweaking their college lists. When considering a dream school, high…

Zelenskyy’s advisors were worried Russian forces would try to kill him with deadly gas as they moved to conquer Kyiv: report

Ukrainian President Volodymyr Zelensky speaks as he and British Prime Minister Boris Johnson give a press conference on August 24, 2022 in Kyiv, Ukraine. Alexey Furman/Getty Images Zelenskyy’s advisors reportedly feared Russian forces would try to kill him with deadly gas in the early days of the war. This came as Moscow justified the invasion…

DOJ releases secret memo that recommended not charging Trump with obstruction of Mueller’s Russia investigation

Former Attorney General Bill Barr and former President Donald Trump Drew Angerer/Getty Images The Justice Department released a once-secret memo arguing against charging Trump with obstruction. The memo was publicized after a federal appeals court panel unanimously ruled for its release. The memo urged DOJ to “reach a judgment” on whether Trump obstructed the Russia…

US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan

President Joe Biden. AP Photo/Evan Vucci US stocks moved higher on Wednesday as President Joe Biden canceled $10,000 in student loan debt.The loan forgiveness program will also extend the pause in federal student loan payments to the end of the year.Investors are awaiting a key speech from Fed Chairman Jerome Powell at this Friday’s Jackson…

These student-loan borrowers are left out of Biden’s $10,000 in debt cancellation

Students urge President Joe Biden to cancel student debt. Getty Images Biden announced student-debt forgiveness on Wednesday, but some borrowers aren’t eligible. Individuals earning more than $125,000 and couples earning more than $250,000 won’t see any relief. Borrowers who took out loans with private lenders are also ineligible for debt cancelation. President Joe Biden’s plan…