Texas allows companies to sell electricity at wholesale prices. When the price of electricity skyrocketed last week, that meant exorbitant bills for many residents who had been trying to save money.
The president said he doesn't want to forgive the loans of people who went to "Harvard and Yale and Penn." The real picture of student debt in the U.S. is much more complicated.
The Biden administration is trying to figure out how much student debt to forgive and how to go about doing it — through executive action or legislation.
For many families, this is one of the biggest financial decisions they'll ever make. A new book helps navigate the often confusing and opaque financial aid system.
In recent weeks, short sellers were painted as the enemy, when hedge funds bet against stocks like GameStop. It set off a tug of war between small investors and Wall Street shorts. The hate isn't new.
Raising the federal minimum wage to $15 remains a priority of President Biden and Democrats after the Senate approved an amendment prohibiting a wage increase during the pandemic.
Ken Griffin's investment firm Citadel became embedded in the in GameStop trading controversy. Citadel has a hand in nearly every corner of the financial system.
Some investors in a Reddit group made a pile of money off GameStop's wild ride. But it's unlikely something similar will happen again. Here's how you can make smart investments.
The president wants to expand the federal child tax credit for lower-income households. "In one fell swoop, it'll essentially lower the child poverty rate by more than 40%," says analyst Chuck Marr.
The Robin Hood anti-poverty charity in New York City, for example, says it's seeing a new boost in donations this week. In some cases, donors said the money came from their GameStop stock profits.
The huge spending bill Congress passed last month included aid to rural hospitals, training for new doctors, new rules regarding mental health coverage and requirements for billing transparency.
An insurance regulation known as "the birthday rule" is tripping up couples who are putting their newborn children on the wrong policy and risk losing thousands of dollars.
Press secretary Jen Psaki said it's important that "our money ... reflect the history and diversity of our country." The effort to redesign the $20 bill foundered during the Trump administration.