Oct 01 4 ways parents (and their students) can avoid the college debt trap By Beth Kobliner As I crisscrossed the country on a recent book tour, parents repeatedly expressed worry about catapulting college costs. No wonder: Average sticker prices are now $19,000 per year for public four-year schools (in-state) and $47,000 per year for private schools. Continue reading
Oct 01 Gita Gopinath appointed chief economist of International Monetary Fund By Gretchen Frazee Gopinath, a professor at Harvard University, will be the first woman to hold the position. Continue reading
Oct 01 New Tesla chair must rein in CEO Elon Musk at risky time for the company By Christopher Rugaber, Associated Press WASHINGTON — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve… Continue reading
Oct 01 Canada-U.S. agree on new trade deal to replace NAFTA By Paul Wiseman, Rob Gillies, Associated Press If signed, the new deal, called the United States-Mexico-Canada Agreement, or USMCA, would replace the 24-year-old North American Free Trade Agreement. Continue reading
Sep 29 Tesla CEO Elon Musk, company settle fraud suit for $40M By Michael Liedtke, Associated Press Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit. Continue reading
Sep 28 The world’s rich are parking their money in cities. Where to next? By Paul Solman Data showing apartment costs compared to the average income suggests investors are causing housing prices to spike in cities like Hong Kong and London. Continue reading
Sep 28 From seaweed to sugarcane, companies race to find the next great plastic replacement By Gretchen Frazee Small businesses are scrambling to meet the demand from consumers who want an alternative to plastic straws. Continue reading
Sep 27 SEC sues Elon Musk for false statements about taking Tesla private By Tom Krisher, Associated Press U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk for falsely claiming on Twitter last month that funding was secured to take electric car company private. Continue reading
Sep 27 More U.S. corporate giants warn tariffs will mean price hikes By Tom Krisher, Josh Boak, Associated Press A growing number of iconic American companies are warning that President Trump's tariffs on U.S. imports are raising their costs and prices. Continue reading
Sep 26 Analysis: The dangers of the Fed rate hike By Paul Solman The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that… Continue reading