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How will Dems resolve stalemate between Biden and Harris candidacies? “If the Democratic party is saying we should honor the democratic process and institutions, says Jatia Wrighten Professor of Political Science, Virginia Commonwealth University. [Then] “what it comes down to is whether or not we should mobilize people to vote…
Today, July 19, 2024, the IRS and Treasury Department released long-awaited final regulations on Required Minimum Distributions. RMDs are mandated yearly withdrawals from IRAs, 401(k)s and other tax deferred retirement plans. The final regulations clarify changes brought about by the SECURE Act, which took effect in 2020, and the SECURE…
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President Biden has announced a new student loan bailout for 35,000 borrowers through “Public Service Loan Forgiveness,” a program that Biden says has brought the total number of people getting debt relief from his administration to 4.76 million. Under the new plan, eligible public service workers get an average of…
Check out the companies making headlines in midday trading. CrowdStrike – The stock fell more than 10% after an update by the cybersecurity firm caused a major IT outage that affected airlines, hospitals, financial services firms and other businesses . Shares of Microsoft were also marginally lower following the news…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks were lower across the board Friday as Wall Street wraps up a week dominated by a fierce rotation out of high-flying tech…
Cyn Carranza buffs, cleans, waxes and scrubs Disneyland floors starting at midnight, so that guests coming the next morning feel as if no one had been there before them. But after her shifts working near a sparkling Sleeping Beauty Castle, she went “home” to a car, for about four months…
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One of the biggest-ever IT outages has disrupted companies across the world, from airlines to financial services and media groups, after what should have been a routine software update cascaded into crisis. Thousands of flights were cancelled on Friday, workers in cities from Tokyo to London were unable to log…
Biden campaign co-chair reacts to Democrat-funded TV ad urging him to drop out of race Rep. Veronica Escobar, national co-chair for the Biden-Harris campaign, speaks with CNN about a TV ad funded by a group of Democrats urging him to drop out of the 2024 presidential race. Read the full…