WASHINGTON (DC News Now) — President Joe Biden is attempting to cancel student loans again for Americans. While the president visited Wisconsin, he announced the new plan; a plan the Biden-Harris administration said if implemented, would provide debt relief to over 30 million Americans. “I think the gesture is gracious, it’s just turning that into a
It’s campaign season, and not just for presidential candidates. It’s also proxy season, when shareholders get to vote on proposals to change policies at the companies they invest in. Mutual funds are no exception, and the world of closed-end funds is often home to some epic battles. Case in point: In dueling statements, Saba Capital
WASHINGTON (DC News Now) — D.C. Mayor Muriel Bowser announced new funding on Wednesday to help kids succeed in school. Her upcoming budget includes nearly $4.8 million for high-impact tutoring. District leaders say this will continue the program’s success. The high-impact tutoring initiative was established to help those impacted by COVID-19 learning disruptions and to
Egypt, the Middle Eastern giant with a population of 114 million, is too big to fail, particularly at this moment. The United Arab Emirates, International Monetary Fund, and European Union forcefully underlined this point over the past week, pledging some $40 billion in investments and loans. President Abdel Fattah Al Sisi’s government responded with drama
FAIRFAX COUNTY, Va. (DC News Now) — The Fairfax County Police Department (FCPD) has reported over a dozen cases of cryptocurrency-related fraud schemes since January, totaling over $150K collectively. Police say that criminals have been operating across the county, attempting to exploit citizens into depositing money into crypto ATMs masquerading as law enforcement, banks, legitimate
WASHINGTON (DC News Now) — D.C. leaders who are seeking to bolster the struggling downtown revealed plans on Monday to revitalize the area – with a price tag of $401 million for the next five years that they say would erase years of tax-revenue losses. The so-called Downtown Action Plan and the Downtown Public Realm
A pair of activist investors have pulled their request for shareholder votes on climate-related proposals after ExxonMobil sued to keep them off the ballot at the company’s upcoming meeting. But while Arjuna Capital and the environmental group Follow This say they will not refile the proposals, Exxon still wants a U.S. court in Texas to
Investors yanked a record $13 billion from U.S. sustainable funds in 2023, stung by mediocre performance and the continuing backlash against environmental, social, and governance investing. Last year was the worst calendar year for outflows since Morningstar started keeping track more than a decade ago. Steep outflows from one passive iShares ESG fund accounted for
MORGAN COUNTY, W.Va. (DC News Now) — After months of negotiations, local communities are starting to see funding from a nationwide lawsuit against drug makers and retailers to help address the opioid crisis. Morgan County, W.Va. is hoping to see success in fighting the drug epidemic. It will receive $1.5 million in an initial round
Optimism over artificial intelligence powered the stock market in 2023. It also helped some sustainable funds turn in a surprisingly strong performance. Based on data from Morningstar Direct, the top five sustainable U.S. equity mutual funds in Barron’s annual survey outperformed the S&P 500 index, returning an average 35% against a gain of 26%, including