Many individuals are worried about an AI-dominated future due to AI's stratospheric growth in public consciousness. Will AI change industries? Does it democratize or solidify them? Will it improve or worsen outcomes? Finance has been...
The Education Department has released important details about student loan forgiveness under Biden’s new plan.
Michael
The Biden administration has just disclosed additional information about a student loan forgiveness proposal that is currently in the works.
The new endeavor is intended to replace the student debt relief program that was overturned by...
It's that time of year when the country's largest banks submit their quarterly financial results – J.P. Morgan Chase, Wells Fargo, and Citibank all report on Friday. Many eyes will be on those banks' lending...
Freddie Mac announced the auction sale of 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related assets portfolio.
Specialized Loan Servicing LLC, Select Portfolio Servicing, Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing, and Nationstar Mortgage...
The path to better finances starts with changing your own habits. Some of these changes will be easier than others, but if you stay committed to this transformation, you’ll end up with great money management...
Since March of last year, the Federal Reserve has raised interest rates 11 times, which has had a significant impact on consumers who need to borrow money. Borrowing costs are at their highest in more...
How startup funding works
Startup capital can take many forms, but generally it's money that falls into one of three categories: self-funding, investors or small-business loans.
Self-funding
If you have enough personal savings, you may choose to self-fund,...
1. Online Loans
Gone are the days of having to visit a brick-and-mortar financial institution to take out a business loan. Today, it’s easy to find online nonbank lenders that offer business loans that you can...
The value of Nvidia’s shares increases by 7% as Morgan Stanley claims that chipmaker gains from “massive shift” in AI.
Michael
Nvidia will profit as long as businesses are intrigued by generative artificial intelligence.
Investors anticipate that Nvidia's graphics processing units, or GPUs, will continue to be the most widely utilized computer chips for gigantic big language...
According to Oaktree, if interest rates remain high, more businesses will owe more in interest than they would generate.
According to Oaktree Capital Management, many companies that took out floating-rate debt in the roughly $1.5 trillion...