Monthly Archives: September 2022

Stocks could see an outsized rally later this year and into 2023 if markets follow election-cycle history, BofA says

Spencer Platt / Getty Images Markets typically rebound after a September slump, but stocks tend to rally even more in midterm-election years, Bank of America said. The month of October across all years is positive 59.6% of the time, with average returns of 0.50%. During midterm election years, October is in the green 65.2% of…

You can get a refund for any student loan payments you made during the pandemic, but a financial planner says you might be better off leaving that money on the table

The value of your refund gets added back to your principal balance. staticnak1983/Getty Images Biden’s student-loan forgiveness plan lets borrowers get a cash refund for payments made during the pandemic. But some borrowers are better off not asking for the refund, says financial planner Travis Sholin. That said, it might be a good idea to…

Copper prices are set to drop another 11% in what would be a good sign for inflation but a bad omen for the economy

Molten copper flows into molds at a smelting plant at Wuzhou Jinsheng Copper Company in China. He Huawen/VCG via Getty Images Copper prices are likely to continue their decline and fall another 11%, according to Fairlead Strategies’ Katie Stockton.That would be a good sign for lower inflation, but a bad omen for the economy as…

I drove the Rivian R1S. Tour the sleek, feature-packed interior of the coolest new electric SUV in the country.

The Rivian R1S. Tim Levin/Insider I drove the Rivian R1S, a brand-new electric SUV from a California startup.  Inside, the $90,000 R1S is comfortable, high-end, and jam-packed with interesting features.  It has three rows, room for seven people, a giant touchscreen, and genuine wood trim.  Electric-vehicle startup Rivian just started shipping out the long-awaited R1S,…

Democrats have yet to prioritize universal childcare and paid leave, and it’s hurting mothers, children, and the economy

Childcare and paid-leave policies are popular with voters, yet they haven’t been priorities for the Biden administration. Paul Morigi/Getty Images for PL+US Paul Constant is a writer at Civic Ventures and the cohost of the “Pitchfork Economics” podcast. He says the Inflation Reduction Act is a good start, but now Democrats should prioritize families. Affordable…

A detailed inventory of the items recovered in the Mar-a-Lago raid shows that Trump kept classified documents mixed in with personal items like clothes and magazines

Former President Donald Trump holds up papers during a press conference in the James Brady Press Briefing Room on April 20, 2020. Alex Brandon/AP Former President Donald Trump interspersed classified documents among his personal items, according to court records. The FBI recovered magazine and newspaper clippings, along with books, clothes, and gifts in the Mar-a-Lago…

Living a ‘car-free’ life in California could soon save you $1,000 on your tax bill

Photo of South Santa Monica Boulevard with businesses and cars in Beverly Hills Los Angeles California. Getty Low-income Californians are set to receive a $1,000 tax credit for not owning a car. The initiative is among the several climate measures the state has passed in recent weeks. But low-income people are less likely to work…

Supermassive’s next game will be another horror “equivalent in size” to The Quarry

The Quarry developer Supermassive has confirmed it’s already commenced work on its next game and yes, it’s going to be the “same sort of horror” as its predecessors. In an interview with our friends at VGC, studio director Will Byles said that while he wasn’t sure “how far [the team] could stretch the teen horror…