Happy Wednesday, MarketWatchers! There was a lot of news today, so let’s get caught up.
Reversing key Obama-era policy, DeVos empowers for-profit college gatekeepers
An accreditor was accused of allowing tax dollars to flow to troubled for-profit schools.
Can I deduct the life-insurance premiums that I pay as alimony?
This divorced man has a marital and tax conundrum.
Americans have until Tax Day to claim $1 billion
Millions of workers have neglected to collect their tax returns.
In a world of oversharing data, most people have drawn a red line for Facebook
There’s a limit to how much people trust the biggest social network on the planet.
Steam showers and heated floors can boost a home’s selling price by up to 30%
Not all home upgrades carry the same cachet with home buyers.
These are the cheapest countries in the world to buy drugs and alcohol
The cost of drinking alcohol and smoking cigarettes has gotten a lot higher in the U.S. since last year.
5 brides share their financial wedding regrets (hint: don’t skimp on the photographer)
Here’s where to spend more money and where cutting corners works best.
The risk of dying earlier jumps 50% when you have a sudden loss of wealth
Losing a nest egg is especially dangerous for middle-aged and older Americans.
Americans are actually doing a good job paying their debts right now
Some ’stunning’ news about consumer debts.
Trump’s unwinnable trade war with China
Despite President Donald Trump’s boast that “trade wars are good and easy to win,” a trade battle with China could impose heavy casualties on both nations and the global economy.
Bannon on trade-war angst: ‘To hell with Wall Street’
Steve Bannon has choice words for stock-market investors fretting about the protectionist tactics employed by the White House on trade, according to Reuters.
John Williams, qualified white male, leaves damsels in distress
What the country needs is the most qualified individual to be president of the New York Fed, and that’s what John Williams is, writes Caroline Baum.
Trump could launch a currency war against the yuan
Now that President Trump has launched an attack on China’s exports, the question arises whether he’ll launch an attack on China’s currency as well.