finance
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‘I Will Not Make That Happen’: Biden Says No to $50,000 Student Debt Forgiveness
Get ready to lower your expectations if you’d been hoping that President Biden would heed the call of some Democrats to cancel student debt up to $50,000 per borrower. The president outright rejected that idea during a town hall hosted by CNN in Milwaukee on Tuesday. After a member of the audience asked Biden how…
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10-Year-Old Wins Big on GameStop Shares His Mother Got Him for Kwanzaa
Here’s a heartwarming story that’s come out of the drama between hedge funds and retail traders (many of them from Reddit) who drove GameStop shares up in the stock market this week. The rise and fall and rise again of the stock price for GameStop (or GME) over the past couple of days sent everyone…
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Pipe Bombs, Guns and Fake ‘White Privilege’ Credit Card Found at Home of Trump Supporter Accused of Plotting Attack on Democrats
If the events of the last four years haven’t clued you in to this fact, Trump supporters are fucking crazy. If you need further proof, look to California where an arsenal of guns and explosives were found in the home of a Trump supporter allegedly planning to attack Democratic politicians and tech companies. Axios reports…
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Atlanta Hawks Become 1st Sports Franchise to Receive a Significant Loan Underwritten Exclusively By Black Banks
Cha-ching! It’s no secret that the Black dollar is big business, and with the Atlanta Hawks needing to refinance the construction loan for their Emory Sports Medicine Complex, who better to go to than a Black-owned bank? On Thursday, the Hawks announced that with the help of the newly-formed National Black Bank Foundation, they secured…
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LAPD Layoffs Being Considered in Los Angeles’ Budget Proposal
The ongoing pandemic has affected all aspects of American life, with the virus taking a financial toll on people, businesses, and even whole-ass cities. Los Angeles, which is currently in the midst of a financial crisis as a result of the pandemic, is considering laying off police officers to help solve its financial woes. “Layoff…
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Cash, Cropped: Bank Fees Hit Black and Latinx Customers the Hardest, According to New Poll
Black and Latinx people pay more than white people when it comes to banking fees, according to a new report released Wednesday. The survey results (h/t USA Today) come from financial services website Bankrate.com, which asked 2,634 adults how much they spend per month on routine financial service charges, like ATM fees and overdraft penalties.…