Shrinking savings and rising debt leave consumers on shaky financial footing
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Biden is forgiving $6.1 billion in student debt for 317,000 people
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.CBS News - Top stories - Joe Biden -
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What the Fed's interest rate pause means for your credit card debt
The Federal Reserve kept its federal funds rate unchanged. Here's what that means for your credit card debt.CBS News - Top stories -
How Locals Saved ‘the Yosemite of South America’
A decade-long battle between a wealthy industrialist and a band of activists led to a surprising $63 million transaction.The New York Times - Top stories -
Chinese women are teaming up with strangers to save money
They are finding new ways to cut back on household spending as China’s economy loses steam.BBC News - Top stories - China -
How Locals Saved ‘the Yosemite of South America’
A decade-long battle between a wealthy industrialist and a band of activists led to a surprising $63 million transaction.The New York Times - Business -
The Beekeeper Who Saved a Major League Baseball Game
After an hourslong delay before an Arizona Diamondbacks game, a local pest control expert swooped in and became a local legend.The Wall Street Journal - World -
Jayapal says Democrats won't consistently save Johnson
Rep. Pramila Jayapal (D-Wash.) said Wednesday that Democrats’ pledge to shut down a motion to vacate against Speaker Mike Johnson (R-La.) won’t become a habit, warning that the party could still remove him from the role in the future. Democratic ...The Hill - Politics -
The WSJ Dollar Index Rises 1.81% This Month to 100.81
The dollar firmed across the board on the session and posted its best monthly performance since January.The Wall Street Journal - World -
New Zealand's Jobless Rate Rises Sharply
New Zealand’s unemployment rate jumped sharply in the first three months of this year as the economy slumbered in an extended recession and high interest rates battered household budgets.The Wall Street Journal - World - New Zealand -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
SPDR Gold Rises Following Fed Decision
Gold futures were up 0.8% in late trading, after settling up 0.4% — the fourth time out of the past five sessions they’ve risen.The Wall Street Journal - World - Federal Reserve -
Death toll rises to 48 in China highway collapse
The death toll climbed to 48 on Thursday as search efforts continued in southeastern China after a highway section collapsed in a mountainous area.NBC News - Top stories - China -
Why Every Entrepreneur Should Understand How Packaging Influences Consumer Behavior
Understand what influences the behavior your customers.Inc. - Business -
Food and drinks giants flag price pressure on low-income consumers
McDonald’s and Coca-Cola among companies highlighting impact of persistent inflationFinancial Times - Business -
McDonald's and other big brands warn that low-income consumers are starting to crack
Higher prices have weighed on customers in an array of industries that interact with consumers.CNBC - Business -
McDonald's Seeks to Make Menu More Affordable for Inflation-Weary Consumers
The burger chain reported slower-than-expected same-store sales growth for the first quarter.The Wall Street Journal - Business -
American Express CEO explains how the company is attracting younger consumers
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.CNBC - Business -
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.The New York Times - Business -
KFC, Pizza Hut Feel Pinch From Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, hurt by a slowdown in the Middle East.The Wall Street Journal - World -
KFC, Pizza Hut Feel Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, becoming the latest restaurant operator to report lower-than-expected sales.The Wall Street Journal - World -
Patagonia’s Documentary Wants Consumers to Think About Buying Less
Tactics to convince people to buy less aren’t working. A quirky new documentary by Patagonia takes a different approach.The New York Times - Lifestyle -
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These 8 Games Are Leaving Game Pass In May
Leaving soonMicrosoft has announced the first wave of games scheduled to leave the Game Pass catalog this month, and the list features eight titles from a variety of genres, including Just Cause 4 Reloaded and AT-AT Games' "East-punk" action-RPG, ...GameSpot - Tech -
Bus full of detained protesters leaves Columbia's campus
An NYPD bus full of people detained on or near Columbia's campus was seen leaving the area. Protesters on the streets were cheering for those on the bus.NBC News - Top stories -
Highway collapse in China leaves at least 24 dead
A section of a highway collapsed early Wednesday in southern China, sending cars tumbling and leaving at least 24 people dead, according to state media.NBC News - Top stories - China -
Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.The Wall Street Journal - World -
Federal Reserve likely to leave interest rates unchanged
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.CBS News - Top stories - Federal Reserve -
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Hundreds of UCLA protesters arrested as police clear encampment in overnight raid
Police mass at UCLA as protesters defy order to leaveNBC News - Top stories -
FirstFT: Fed to leave rates higher for even longer
Also in today’s newsletter, latest on campus demonstrations and cruise operator Viking’s market debutFinancial Times - World - Federal Reserve -
Your Overall Happiness, Well-Being, and Even Financial Future Come Down to 1 Simple Word, Backed by Science
And no, that word isn't money.Inc. - Business -
Does financial literacy actually improve your money habits? Some experts still aren’t so sure.
The pandemic spurred new investment in financial-education programs. But some critics say it’s a shortsighted solution to the challenges we face in managing our money.MarketWatch - Business -
Why your financial advisor may not give you the best Social Security claiming advice
When to claim Social Security is one of the biggest decisions retirees face. But financial advisors' guidance may be biased, recent research finds.CNBC - Business -
Novo Nordisk says starter doses of weight-loss drug surge as company hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after the company boosted supplies to meet insatiable demand.MarketWatch - Business -
Honeybees Don’t Need Saving, I Learned When They Invaded My House
Responding to fears of a “honeybee collapse,” 30 states have passed laws to protect the pollinators. But when they invaded my house, I learned that the honeybees didn’t need saving.The New York Times - Top stories -
Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
Many doctors have been left without a way to get paid for their services.CNBC - Business -
How to save for retirement if your company doesn't offer a 401(k)
Not every employer offers a 401(k) retirement account, but there are suitable alternatives.CNBC - Business