Happy Thursday, MarketWatchers! Here are the top personal finance stories of the day.
Personal Finance
Betsy DeVos sued to get rolling on student loan forgiveness
The Department of Education says it’s ‘moving quickly’ to find borrowers eligible for the debt relief.
5 cool ways people are closing the generation gap
Here are some great ideas for tapping the talent of people over 50 to help kids on a path to adult success.
Found a home listing that claims to be a ‘bargain’? It could be — depending on where you are
Buyers in San Jose, Calif. and Dayton, Ohio will find wildly different versions of ‘bargains.’
The most useful donations for victims of the California wildfires
Some charities are running out of space for donations from Good Samaritans.
Fortnite ‘V-Bucks’ more popular than cash on teens’ holiday wish lists
Young people are also lusting after Gucci and Apple products this holiday season.
Women stockpiling birth control as Trump administration finalizes insurance rules
Employers will be able to opt out of covering contraception if they have a moral objection.
Food budgets poised to shrink for more than 1 million households under proposed SNAP cuts
The bill was passed in the House.
What Amazon’s ‘HQ2’ means for taxpayers in New York and Virginia
Amazon is set to triple the amount it has received in state and local subsidies.
Millennials get their own Monopoly — it’s missing one key thing
Players don’t collect money in this version of the classic board game.
What student loan debt does to people (it’s not pretty)
New survey shows the human toll, forcing many to pay more for education bills than necessities.
Elsewhere on MarketWatch
Billionaire Washington Capitals owner doesn’t fear sports betting — it’s ‘no different than Wall Street’
As sports betting ramps up in the U.S., the billionaire owner of the NHL’s Washington Capitals and the NBA’s Washington Wizards — Ted Leonsis — is suggesting there’s little to fear about the development.
Stock and bond markets represent the biggest threat to financial stability, Treasury says
The biggest threat to financial stability comes from the elevated level of the stock market and the sensitivity of bond prices to interest rates.
How Amazon, the NFL, and Trump can get rich off a tax break that’s supposed to help poor people
Not only did Amazon get $1.5 billion in subsidies from New York to locate one of its new headquarters in Queens, the most valuable company in the world will also be able to take advantage of a tax break designed to help poor neighborhoods.
Trump’s tax cut will shrink in 2019 thanks to inflation switch
Brackets and deductions will grow more slowly.
Mortgage rates hold steady as housing market stresses mount
Rates for home loans were mostly unchanged in the most recent week, of little use to anyone trying to buy a home – there are few good options – or refinance – most everyone who could benefit already has.
Bipartisan bill proposes putting proxy firms under SEC’s authority
Bill has support from all sides but proxy firms are chafing at accusations of widespread conflicts of interest
Saudi Arabia seeks death penalty over Khashoggi killing
Saudi Arabia’s public prosecutor is seeking the death penalty for five of the 11 people it has charged over the murder of Jamal Khashoggi, in a case that has drawn a barrage of criticism of the kingdom and strained ties with the U.S.
U.S. retail sales surge in October after first back-to-back declines since 2015
Sales at U.S. retailers surged in October after the first back-to-back drop in several years, with most of the money being spent on gas and new cars and trucks. Retail sales leaped 0.8% last month following newly revised 0.1% declines in September and August.
Fed watchers left puzzled by what Powell was trying to communicate
For someone who prides himself on transparency, Federal Reserve Chairman Jerome Powell sure left people confused as to his intentions during a discussion in Dallas on Wednesday night.
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Source : MTV
