Author: Money Mechanics

Big changes are coming to the federal student loan program, and if you’re a current borrower, a parent planning for college or someone considering graduate school, it’s important to know what’s ahead.The One Big Beautiful Bill (OBBB), which became law in July, represents one of the most significant shifts in student lending in recent memory.The sweeping budget reconciliation law reshapes how families borrow and repay for higher education. The new rules take effect on July 1, 2026, though some programs will phase out gradually. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR…

Since the pandemic, inflation has stretched Americans’ dollars thin. Inflation has risen nearly 23% since January 2021, according to the Bureau of Labor Statistics.Wages, on the other hand, haven’t quite kept up, rising by 21.5%.While several interest rate adjustments and policies, such as the Inflation Reduction Act or the One Big Beautiful Bill, have been made to help curb inflation, Americans’ concerns are growing. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes,…

Saving for retirement is essential, but it can feel overwhelming; even some higher earners may fall short. The reality is that those with a workplace 401(k) have a significant advantage in saving. The 57 million employees without a workplace plan not only miss out on employer matching contributions but also lack an easy account to invest in, where contributions are made by default from paychecks.Those who have had no workplace plans for most of their working life are typically hit the hardest and struggle the most with retirement security. However, losing access to a 401(k) even for a short time…

(Corrects to add Reuters in the dateline) (Reuters) – WaterBridge Infrastructure raised $634 million in an initial public offering in the United States, the oilfield water management firm said on Tuesday, in the latest sign of renewed momentum in the listings market. The Houston, Texas-based company sold 31.7 million shares at $20, at the higher end of its marketed range of $17 to $20 apiece. The IPO valued it at $2.3 billion. WaterBridge’s debut comes during a crowded stretch for IPOs, with ticket reseller StubHub, cybersecurity firm Netskope and e-commerce firm Pattern also slated to list this week, underscoring renewed…

D-Wave Quantum Inc. QBTS saw a 2.53% increase in after-hours trading, reaching $23.11, building on Wednesday’s 18.76% rally as investors reacted positively to the Federal Reserve’s monetary policy and the company’s strong regional performance.Check out the current price of QBTS stock here.Federal Reserve Rate Cut Boosts Quantum SectorOn Wednesday, the Federal Reserve announced its fourth straight rate cut, lowering the benchmark rate by 25 basis points to a range of 4%-4.25%. See Also: Broadcom Shares Spike After Hours On Lloyds Partnership Buzz, Director Sells $288,000 Worth Of StockAsia-Pacific Revenue Surge Drives Investor ConfidenceD-Wave showcased impressive regional growth at its Qubits…

Following the Federal Reserve’s decision on Wednesday, it’s clear that the central bank’s quarter-point interest rate cut marks a significant turning point. After a long break, officials seem to be shifting their focus from inflation to the labor market. Notably, Stephen Miran, a Trump appointee who joined the board this week, voted for a larger cut. Now, the markets are looking to the Bank of Canada, which cut its rates, and the People’s Bank of China, which kept its rates steady. The Hong Kong Monetary Authority had to follow the Fed’s lead, while the Bank of England and the Bank…

Chen ZhaoChen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences. Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies. While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where…

AppleApple’s latest update for MacOS 26, codenamed “Tahoe” is here, and it’s full of new visual design elements like Apple’s Liquid Glass design theme, better integration with the iPhone, a more robust Spotlight feature with Shortcuts, and a more personalized Desktop.In fact, the theme of all of Apple’s updates this year is streamlining both the visual UI and feature sets across Apple devices, while making more apps and features available on them, punctuated by Apple Intelligence. Also: The best MacBooks of 2025: Expert tested and reviewedI’ve been using MacOS Tahoe on my MacBook Pro for the past few days now, and I’m…

(Oil Price) – Morgan Stanley is merging its Global Energy and Global Power & Utilities investment banking teams into a single worldwide unit, a move aimed at sharpening its coverage of clients across oil, gas, electricity, and renewables, Reuters reported on Wednesday. According to an internal memo seen by Reuters, the bank will operate the new Global Power and Energy group under a dual leadership model. John Jameson, previously head of Global Power & Utilities, and Andrew Ward, head of Global Energy, will serve as co-heads. The memo framed the decision as a response to the rapidly evolving energy landscape and the…

Key Takeaways Each time you request a quote for an installment loan, a hard inquiry is recorded on your credit report, which can lower your credit score unless you limit your requests to within a 45-day window. Rate shopping can help you find the loan product with the best interest rates. FICO counts all inquiries of the same type as one inquiry if made during a 45-day window. VantageScore uses a 14-day window. When applying for a loan or line of credit, rate shopping can help you save significant amounts of money over the life of the loan by ensuring…