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New research says raising minimum wage has few negative effects on jobs — even during recessions, and students and former students face a $15 billion debt crisis

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Personal Finance
Wealthier households save more of their latest stimulus. Third round should target poorer Americans, researchers say

President Biden and Republican senators were scheduled to discuss a GOP proposal for a $618 billion relief bill on Monday.

When my parents died, my sisters and I split their estate. I chose a painting that may be worth $50,000. Should I tell them?

‘The process of dividing their estate was done equitably, and without stress or rancor. Until now.’

My ex-husband put his new wife on his life-insurance policy before he died, going against our divorce decree. Now she’s battling me in court

‘My ex’s lawyer refused to provide copies of the policy that their lawyer sanctioned, and still has not followed multiple judicial rulings.’

‘My family won’t let me go hungry’: Two young traders reveal the perils of trying to surf GameStop’s epic wave

‘I’m young and it’s scary having it all in there,’ says one young trader who uses Robinhood.

COVID-19 hit urban Black and Latino workers. Next, it tore through rural white America — but both waves had one grim thing in common

The virus isn’t just a problem impacting ‘people of certain races/ethnicities or socioeconomic position living in certain cities,’ a new study says.

Shaquille O’Neal sells SoCal home for $1.85 million

Rumor had it that the NBA superstar Shaquille O’Neal was dabbling in the art of home flipping when he put his luxurious home in a gated equestrian community in Bell Canyon, Calif., on the market for $2.5 million in late 2019.

New research says raising minimum wage has few negative effects on jobs — even during recessions

The study comes as President Biden has proposed increasing the minimum wage to $15 an hour.

Former GameStop employees criticize company’s aggressive sales tactics, low pay and lack of stock options

‘I’ve since worked at other corporations that allowed stock buy-in, and active information on our market leanings. I got none of that at GameStop.’

Students and former students face a $15 billion debt crisis — potentially holding them back from graduating

‘We are under-appreciating the true scope of the student-debt crisis,’ said Seth Frotman, executive director of the Student Borrower Protection Center.

Here’s a simple way to raise your financial IQ

To get better at money, you have to get better at life. You have to make the effort to understand the world, finance, the economy, and most importantly, yourself. That is the idea behind Mastering Your Money, MarketWatch’s new live free event series that kicks off Feb. 3.

Elsewhere on MarketWatch
Myanmar coup is the first international challenge for Biden administration and national security team

Myanmar’s army launched a coup on Monday morning against the elected government of Nobel peace prizewinner Aung San Suu Kyi, who was detained after early morning raids.

Treasury slashes borrowing estimates for first three months of 2021

The Treasury Department said Monday it expects to borrow $274 billion in the first quarter, which is $853 billion lower than previously estimated.

The Novavax vaccine is effective. Now I’m seriously hoping that’s what I was injected with

The U.S. biotech has produced an interim assessment of its Phase 3 trial in the U.K., for which I volunteered last year. And it shows the vaccine is 89% effective against the disease.

Retail investors send silver soaring to eight-year highs. Why it may not be a GameStop repeat

Spot and futures silver prices jumped 11% on Monday morning in London.

Stacey Abrams nominated for Nobel Peace Prize as Republicans launch ‘Stop Stacey’ group

On the first day of Black History Month, the Georgia voting rights activist was recognized for her work promoting nonviolent change.

Here’s what’s in the $600 billion relief plan from 10 Republican senators

A group of 10 Republican senators has a counteroffer to President Biden’s COVID-19 relief plan. So what’s in the GOP package, which would cost less than a third as much as Biden’s $1.9 trillion proposal?

 

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