Damircudic | E+ | Getty Images There’s one upside to your student loan payments: they might reduce your 2024 tax bill. The student loan interest deduction allows qualifying borrowers to deduct up to $2,500 a year in interest paid on eligible private or federal education debt. Before the Covid pandemic, nearly 13 million taxpayers took advantage of the…
Frontier Airlines Nurphoto | Nurphoto | Getty Images Discount carrier Frontier Airlines is beefing up service in New York, planning new nonstop routes to major American Airlines hubs with fares starting under $20. The airline plans to launch service between New York’s John F. Kennedy International Airport and Miami International Airport on March 30. A…
Nicolas Economou | Nurphoto | Getty Images Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 5% at $96,525.50, according to Coin Metrics. Ether slid 8% and the broader market of cryptocurrencies, as measured by the CoinDesk 20 index,…
Reviewing Tuesday’s market-wide decline, CNBC’s Jim Cramer attributed much of the pullback to investors’ worries about inflation in the run-up to new employment data as well as a lack of faith in the Federal Reserve’s decision-making. “We have too much inflation in the system. The Fed can’t do anything about it because it just cut…
Simpleimages | Moment | Getty Images Why your take-home pay could be higher If you’re starting 2025 with wages similar to your 2024 wages, your take-home pay — or compensation after taxes and benefit deductions — could be a little higher, depending on your withholdings, according to Long. “When all the tax brackets go up,…
U.S. President-elect Donald Trump gestures as he makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump warned Tuesday that “all hell will break out in the Middle East” if Hamas does not release the hostages it is holding in Gaza by the time he is…
BMW said it will begin installing a new operating system and “panoramic” display in all its new vehicles by the end of 2025. BMW LAS VEGAS — BMW AG will install a new operating system and “panoramic” display in all of its upcoming vehicles, the company said Tuesday. The new BMW Panoramic iDrive system, which…
Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.” But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk…
Jakub Porzyck | Nurphoto | Getty Images Global semiconductor stocks climbed Monday after contract electronics giant Foxconn announced record fourth-quarter revenue, suggesting the artificial intelligence boom has far more room to run. Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company’s fourth-quarter revenue totaled 2.1 trillion…
2025 Ram 2500 Heavy Duty Ram DETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it’s betting those updates will help reverse three consecutive years of sales declines for the brand. The new Ram 2500 and 3500 pickups and chassis cab trucks feature updated interior and exterior designs, as well as a…
