Author: admin

Charging an electric vehicle.Tashdique Mehtaj Ahmed | Moment | Getty ImagesThe price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs, according to auto analysts.In August, the price premium for used EVs relative to used vehicles with a gasoline engine narrowed to just $897, on average, the smallest price gap on record, according to Cox Automotive.The average list price for used EVs was $34,704 in August, down 1.1% from July and 2.6% from a year earlier, it found.This price…

Members of the National Guard walk, with the U.S. Capitol in the background, during the first day of a partial government shutdown in Washington, D.C., U.S., Oct. 1, 2025. Nathan Howard | ReutersThe shutdown of the federal government is likely to worsen the delays student loan borrowers are already facing in accessing programs required by Congress and mandated in their loan terms.More than 1 million borrowers are in a backlog to enroll in an income-driven repayment plan, according to court records from mid-September.During the shutdown, Federal Student Aid staff “will not be able to perform regular operations, including working on…

Interesting game played by a British investment trust: buying shares of other investment trusts and holding companies at a discount to their liquidating values. Inthe City of London’s investment trust business, dog eats dog. Thus it is that Daniel Loeb, “activist” investor who shakes up torpid corporate managements, found himself under attack from another activist. Following a shareholder vote on August 14, Loeb pulled off a contentious merger of his London-listed trust with an offshore insurance company that he also controls. But he does not emerge from the fight unscathed. He had to cough up more cash to dissident shareholders…

The U.S. Department of Health and Human Services building is seen on March 27, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesYour Medicare, Medicaid or Affordable Care Act coverage won’t vanish during the government shutdown, but changes to some benefits and fewer government workers to help could still disrupt care for millions.At the heart of the shutdown fight is whether Republican leaders accept a demand from Democrats to extend Obamacare subsidies before they expire at the end of the year and premiums start skyrocketing. Democrats also sought to undo President Donald Trump’s Medicaid cuts, but the GOP has shown no interest.Fortunately for everyday people, core…

Trevor Williams | DigitalVision | Getty ImagesThe S&P 500 index closed at a new all-time high on Wednesday amid a federal government shutdown. It rose to a new intraday high early Thursday.Prior to that, the index — which is focused on large-cap U.S. equities — had risen almost 90% since the equity bull market began three years ago, thanks in large part to new AI developments, Morgan Stanley Wealth Management noted in Sept. 29 research.Nevertheless, experts say it may be time to reconsider the set-it-and-forget-it S&P 500-focused strategy, famously touted by legendary investor Warren Buffett.”The S&P 500 is broken,” said…

Richard Stephen | Istock | Getty ImagesSocial Security services during the shutdownLocal offices will remain open, but services will be reduced, according to the Social Security Administration.According to the agency, consumers can still:apply for benefitsrequest an appealchange address or direct deposit informationreport a deathverify or change citizenship statusreplace a lost or missing Social Security paymentobtain an expedited payment in an emergencychange a representative payee,obtain a new or replacement Social Security cardSSI beneficiaries will still be able to make changes to their living arrangements or income.Offices will be open for hearings before administrative law judges.However, certain in-person services will not be…

For years, consumers have tried to keep up with the rising cost of living, but some may be reaching their limit.On Friday, the personal consumption expenditures price index showed that consumer spending stayed strong even as inflation remains stubbornly elevated and the cost of food and other goods continues to rise.However, Americans are now increasingly leaning on credit cards to buy essentials like gas and groceries, according to TD Bank, which provided CNBC with an exclusive early look at its new credit card pulse check survey.More from Personal Finance:How a government shutdown may affect your moneyHow workers can prepare financially for a…

Dave Valdez (far left) and the rest of the team at Alaska Wealth Advisors.Courtesy of Alaska Wealth Advisors Firm: Alaska Wealth Advisors Name: Dave Valdez Location: Anchorage, AK Team Custodied Assets: $934 million Background: Anchorage native Dave Valdez immigrated to the United States with his family from the Philippines in 19tk. His mother worked for the State of Alaska and would save every dividend check from Alaska’s Permanent Fund Dividend, an annual payment distributed to residents from the state’s oil revenues, to put him through college. Valdez earned an undergraduate finance degree from Seattle University and a master’s from the…

The US Capitol in Washington, DC, US, on Thursday, June 5, 2025. Eric Lee | Bloomberg | Getty ImagesStudent loan borrowers may face more delaysEarly Wednesday, the U.S. government shut down after lawmakers failed to reach a funding deal, meaning that federal workers across agencies will be temporarily put on unpaid leave.In a Sept. 28 memorandum, U.S. Department of Education Secretary Linda McMahon estimated it would take half a day to complete shutdown activities at the agency and that 1,485 employees out of the 1,700 remaining would be furloughed.The Trump administration’s termination in March of nearly half of the staff at the Education Department already included…

Chris Zander.Courtesy of Evercore Wealth Management Firm: Evercore Wealth Management Name: Chris Zander Location: New York, NY Team Custodied Assets: $13.6 billion Background: Chris Zander grew up in New York City, where he captained Columbia University’s baseball team before graduating with a degree in political science. He joined U.S. Trust Company after school and spent the next 15 years there as a wealth advisor, later running the firm’s family office group while earning his MBA in finance from Fordham at night. In 2008, Zander and 10 colleagues broke away to co-found Evercore Wealth Management and Evercore Trust Company, in partnership…