Only 42.5% of high school seniors have competed the FAFSA, a decrease of 14.4% compared to the prior yearNevada, Florida, Utah, Arizona, and Alaska are the states with the lowest completion ratesLower FAFSA completions means that fewer families will receive need-based financial aid for college (or even attend college to being with) Only 42.5% of the high school class of 2024 has completed the FAFSA as of May 24, according to the latest data from the National College Attainment Network. This is 14.4% below the completion rate of the class of 2023 at this same time last year.This huge decline…
Author: insighter
Artificial intelligence is increasingly playing a role in helping with investment decisions at top asset managers, and that includes the biggest bank by market cap. Later this year, JPMorgan will expand the use of a generative AI tool known as “Moneyball” to help portfolio managers avoid bad calls, such as potentially selling hot stocks too soon, according to the Financial Times. The tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process,” Kristian West, head of investment platform at JPMorgan Asset Management, told the…
A general view of signage at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) on Feb. 29, 2024 in Vienna, Austria. Thomas Kronsteiner | Getty Images News | Getty ImagesThe influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, on Sunday agreed to extend their official crude output cuts into 2025, also stretching two other sets of supply curbs over different periods.The decision came in line with the forecasts of analysts and OPEC+ delegates who told CNBC prior to the meeting that the alliance would likely extend its existing cuts.Under official policy, the…
When I was in my late thirties, I lobbied to become the chief operating officer of Pepsi’s beverage division in the east—and I got the job. I was a bit young for the role, but I had a bigger hurdle to overcome: I had almost no operations experience. My career up to that point had been in marketing. I had convinced the CEO and the chairman to take a chance on me by making them a risky offer. If I couldn’t prove myself in six months, they could fire me or demote me. Neither option would help my career. Why…
Early in her career, Kelly Harry worked at a major news organization in New York City as an account executive in ad sales.”I was making $40,000 a year, and I really thought that that was a lot of money at the time, until I had a casual conversation with my co-worker who was actually complaining about making about $102,000 a year,” Harry told CNBC. “It never occurred to me until that conversation that I was severely underpaid.”More from Personal Finance:How new grads can land a job after college amid hiring cutbacksHere’s why entry-level jobs feel impossible to getWorkers without a…
Traders work on the floor of the New York Stock Exchange.Brendan McDermid | ReutersIn tumultuous markets, investors can turn to dividend-paying stocks that offer income and can help cushion a portfolio in tough times.Given the massive universe of dividend-paying companies, selecting the right stocks can be a difficult task. To that end, investors can track the recommendations of Wall Street experts, who conduct a thorough analysis of a company’s earnings growth potential and dividend history. Here are three attractive dividend stocks, according to Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.IBMThis week’s first dividend pick…
Bottles of beer emblazoned with the five Olympic rings are already rolling off the production line at Anheuser-Busch InBev NV’s brewery in Belgium, in preparation for the games in Paris this summer. It has been 100 years since the French capital last hosted the summer Olympics, and the city wants to make a mark after Covid meant the Tokyo Games were held in virtually empty stadiums. And now, for the first time ever there will be a beer sponsor for an event that showcases the pinnacle of human sporting achievements. But in this case, the drink — Corona Cero — doesn’t…
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty ImagesSaudi state oil giant Aramco commenced its secondary public offering on Sunday as the company looks to raise in the region of $12 billion.Books opened early Sunday morning offering a price range between 26.70 ($7.12) and 29 Saudi riyals per share. Aramco on Thursday announced its plan to sell 1.545 billion shares — a…
The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the market. And more of those owners are cutting asking prices than any time since November 2022 as inventory grows stale, according to Redfin Corp. “With mortgage rates rising back over 7%, the willingness of homebuyers to take a stab this season is diminished,” Ralph McLaughlin, senior economist at Realtor.com, said. “You…
China’s Defense Minister Dong Jun speaks during the 21st Shangri-La Dialogue summit in Singapore on June 2, 2024.Nhac Nguyen | AFP | Getty ImagesSINGAPORE — China’s defense minister, Adm. Dong Jun, vowed that anyone who aims to separate Taiwan from China will face “self-destruction.”Speaking at the Shangri-La Dialogue in Singapore, the admiral called on “forces for Taiwan independence” to “abandon the illusion and return to the right track of reunification.””Anyone who dares to separate Taiwan from China will only end up in self-destruction,” he said.In response to questions, Dong reiterated China’s position that Taiwan is part of China and said…
Live Nation is investigating a data breach at its Ticketmaster subsidiary,which dominates ticketing for live events in the United States. Live Nation, based in Beverly Hills, California, said in a regulatory filing Friday that on May 27 “a criminal threat actor” offered to sell Ticketmaster data on the dark web. Other media reports say a hacking group named ShinyHunters claimed responsibility for the breach in an online forum and was seeking $500,000 for the data, which reportedly includes names, addresses, phone numbers and some credit card details of millions of Ticketmaster customers. Live Nation and Ticketmaster did not immediately respond to…
Retired Navy Admiral Robert Burke.Courtesy: U.S. NavyA retired four-star U.S. Navy admiral, who was once the military branch’s second-highest-ranking officer, was arrested on Friday for a bribery scheme with two tech CEOs, the Department of Justice announced.From 2020 to 2022, Robert Burke, a 62-year-old resident of Coconut Creek, Fla., allegedly used his high-ranking status in the Navy to help Yongchul “Charlie” Kim and Meghan Messenger, the co-CEOs of New York-based workplace tech platform Next Jump, win military contracts, according to the DOJ.In 2021, Burke allegedly told his staff to award Kim and Messenger a $355,000 military contract. In exchange, Kim…