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☆ New FAFSA 'loophole' lets grandparents help pay for college without affecting financial aid eligibility
▼ + stars: | 2024-02-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Under the old FAFSA rules, assets held in grandparent-owned 529 college savings plans were not reported on the form, but distributions from those accounts counted as untaxed student income. Still, the idea of a loophole is not entirely new, according to Kalman Chany, a financial aid consultant and author of The Princeton Review's "Paying for College." "There were always planning strategies that families could use when it came to third-party 529 plans," Chany said. "Even with this change, you still need to look before you leap if grandparents are going to help pay for college," Chany said. The other advantages of 529 plans

Persons: Mark Kantrowitz, Michael Green, Green, Kalman Chany, Chany Organizations: IRS, slims, Apollon Wealth Management, Princeton Locations: Charleston , North Carolina

☆ The new FAFSA will be available by Dec. 31 — what families need to know about the college financial aid form
▼ + stars: | 2023-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

The earlier families fill out the form, the better their chances are of receiving aid, since some financial aid is awarded on a first-come, first-served basis, or from programs with limited funds. However, that shouldn't prevent families from completing the FAFSA in the days that follow, he added. "While there may be some hiccups along the way, students and families should do what they need to do to file as soon as possible," he said. Up until now, "the multiple student adjustment has been the single most important data element affecting one's eligibility for federal student aid," Chany said. At the same time, the new FAFSA will raise the family income threshold, making more students eligible for federal need-based aid.

Persons: Rick Castellano, Sallie Mae, Castellano, What's, Kalman Chany, Chany, Pell Grant, Mark Kantrowitz Organizations: IRS, slims, Department, Education, Princeton, CNBC

☆ Choppy luxury waters lift Burberry turnaround bar
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 16 (Reuters Breakingviews) - Stuttering consumer confidence is complicating CEO Jonathan Akeroyd’s attempts to revive Burberry (BRBY.L). Like-for-like retail sales in the quarter to end-September grew a dismal 1% at the UK maker of fancy trench coats, below analyst expectations of 4%. But brands attempting a revamp, like Burberry or Kering’s (PRTP.PA) star label Gucci, are likely to suffer more than rivals. Akeroyd sounded confident that new designer Daniel Lee’s first collection, which was launched in shops in September, will energise shoppers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jonathan Akeroyd’s, Gucci, Daniel Lee’s, Lisa Jucca, Neil Unmack, Streisand Neto Organizations: MILAN, Reuters, Burberry, X, Alstom, Thomson Locations: China, U.S

☆ WTA Finals: Records, history and the evolution of showpiece event of women’s tennis
▼ + stars: | 2023-10-26 | by ( Ben Church | ) edition.cnn.com time to read: +6 min

CNN —By pitting the world’s best players against each other every year, the WTA Finals have been a celebration of women’s tennis for over half a century. The end-of-year championship sees the eight top-ranked singles players and eight top-ranked doubles pairings battle it out to be crowned the ultimate champions of the year. In 1973, after a meeting with more than 60 other players, King founded the WTA – a new tour uniting all of women’s professional tennis. Mark Foley/APWith women’s tennis entering a new, more prosperous era, the WTA Finals returned for a second year. This year’s WTA Finals begin on October 29, with the final taking place on November 5.

Persons: Chris Evert, Billie Jean King, King, Bobby Riggs, ” Chris Evert, Mark Foley, Evert, Serena Williams, Julian Finney, Monica Seles ’, Gabriela Sabatini, Caroline Garcia, Aryna Sabalenka, Markéta Vondroušová, Coco Gauff, Iga Świątek, Elena Rybakina, Jessica Pegula, Muchová, Greece’s Maria Sakkari, Aryna, Sarah Stier, Gauff, Martina Navratilova, Steffi Graf, Margaret Court, Virginia Wade Organizations: CNN, WTA, Virginia Slims, American, women’s, Garden, Apple, Getty, Guadalajara, Wimbledon Locations: Boca Raton , Florida, “, Los Angeles, New York’s, Oakland, Spain, Turkey, Singapore, Cancun , Mexico, Mexico, French

☆ 'Barbie Botox' goes viral but doctors inject caution
▼ + stars: | 2023-09-01 | by ( Leroy Leo | ) www.reuters.com time to read: +4 min

But since the "Barbie" movie released in July, there has been an uptick in demand for use as a cosmetic procedure. Meanwhile, Revance and Evolus Inc (EOLS.O), which make similar toxins under the brand Daxxify and Jeuveau, respectively, told Reuters that though "Barbie Botox" has picked up in recent months, they do not see the trend significantly boosting sales. However, the doctors said they were concerned about a rise in use among younger women - and six doctors warned that procedures by underqualified staff at some medispas raised the risk of complications. Doctors also stressed the risk with administration by people who may not be properly qualified, especially at medispas where there is little oversight. "The science isn't quite there yet, in order to support the clinical profile of it," said Evolus CEO David Moatazedi.

Persons: Margot Robbie, BarbieBotox, that's, Barbie, Dustin Sjuts, Scot Glasberg, Revance, Shilpi Kheterpal, Kheterpal, Doctors, Melissa Levoska, David Moatazedi, Leroy Leo, Sriraj Organizations: Therapeutics, Reuters, Plastic Surgery Foundation, U.S . Food, Drug Administration, Evolus Inc, AbbVie Inc, Cleveland Clinic, Icahn School of Medicine, Thomson Locations: New York, U.S, medispas, Mount Sinai, Bengaluru

☆ ‘You have to ask for help if you need it’: Billie Jean King encourages tennis players struggling with demands of the tour to seek support
▼ + stars: | 2023-06-30 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Billie Jean King has urged players that are struggling with the demands of being a tennis professional to seek support from psychologists. “Being a pro-athlete is hard,” tennis great King, who won 39 major titles, told CNN’s Christiane Amanpour. “The WTA [Women’s Tennis Association] has been fantastic with mental health for years, but people would say: ‘Why aren’t you doing anything?’Billie Jean King says support is available for players on the WTA Tour. The governing body has provided staff that are dedicated to athletes’ mental health for more than 25 years, with a Mental Health Care Provider available in person at tournaments, including all four grand slams, and there are virtual meetings available upon request in between tournaments. Naomi Osaka withdrew from the 2021 French Open, citing her mental health.

Persons: Billie Jean King, Naomi Osaka, Sabalenka, “, Emma Raducanu, King, CNN’s Christiane Amanpour, JP Yim, Kathleen Stroia, Ukraine –, Aleksandr Lukashenko, Tim Clayton, Raducanu, ”, hadn't, Clive Brunskill, “ We’ve, I’ve, ’ ” Organizations: CNN, WTA, Mental Health, ‘, Virginia Slims Circuit, WTA Tour, Wimbledon Locations: Paris, Ukraine, Osaka, Belarus

☆ Meta's Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta CEO Mark Zuckerberg keeps racking up losses from his metaverse investments while downsizing his social media company through cost cuts. In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit, which is tasked with building the virtual reality and augmented reality technologies for the futuristic metaverse, recorded a $3.99 billion operating loss. The numbers show a slowdown from last quarter, when Reality Labs lost $4.28 billion on $727 million of revenue. For all of last year, Reality Labs recorded an operating loss of $13.72 billion on $2.16 billion in sales, underscoring how VR and AR technologies have yet to reach the mainstream. In March, Meta cut the price of its Quest 2 VR headset as well as the high-end Quest Pro.

The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express overnight air delivery business was announced almost a year after activist investor D.E. FedEx Express is already handling FedEx Ground's pickup and deliveries in Alaska and Hawaii - fueling concerns that Ground contractors in the lower 48 states could be let go. John Smith will become president and CEO of U.S. and Canada ground operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses from April 16. FedEx Freight will continue to provide freight transportation services as a standalone company under the Federal Express Corp banner, the company added. Shares in FedEx, which also announced a 10% dividend boost on Wednesday, were up about 2% in mid-morning trade.

☆ Tencent Slims Down as Beijing Lightens Up
▼ + stars: | 2022-11-16 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Tencent has had a tumultuous couple of years, both directly and indirectly due to Beijing’s policies. China’s Tencent is facing tough challenges. The social-media and game giant reported Wednesday a second consecutive quarter of year-over-year revenue decline for the first time ever. Sales for the three months ended in September fell 2% from a year earlier, in line with analysts’ expectations. China’s economic slowdown and regulatory crackdown translated to lackluster game and advertising revenue for Tencent.

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