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☆ Interest on Federal Student Loans Is Rising to 6.53%
▼ + stars: | 2024-05-24 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The interest rate on new federal student loans for undergraduates will be 6.53 percent as of July 1, up from 5.5 percent this year, the Education Department announced last week. And rates on PLUS loans — extra financing available to parents of undergraduate students as well as to graduate students — will increase to 9.08 percent. The yield at the May 8 auction was 4.483 percent, plus an added 2.05 percent for undergraduate loans. (The yield last year in the Treasury auction was 3.448. Add-on rates are higher for graduate and PLUS loans.)

Organizations: Education Department, Congress, Treasury

☆ Biden’s EPA is trying to take a huge bite out of the climate crisis. But can it survive Trump’s Supreme Court?
▼ + stars: | 2024-05-22 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, Chief Justice of the United States John Roberts, Associate Justice Samuel Alito, and Associate Justice Elena Kagan. Top row, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, Associate Justice Brett Kavanaugh, and Associate Justice Ketanji Brown Jackson. And environmental attorneys are intrigued by Barrett, who has had some tough questions for EPA’s challengers during recent Supreme Court arguments. The Supreme Court ruled in 2007 that the EPA can use its authority to regulate greenhouse gases. That gives the agency the recent Congressional direction the Supreme Court has said it so badly needs, some experts said.

Persons: Joe Biden’s, Richard Lazarus, “, Michael Regan, ” “, ” Regan, Regan’s, ” Lazarus, Samuel Alito, Clarence Thomas, Neil Gorsuch, Gorsuch, Alito, ” David Doniger, “ Alito –, ”, Reagan, Anne Gorsuch, Sonia Sotomayor, John Roberts, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh, Ketanji Brown Jackson, J, Scott Applewhite, Amy Coney Barrett –, Roberts, Barrett, Kavanaugh, Sackett, “ He’s, he’s, doesn’t, Ann Carlson, ” Carlson, ” Doniger Organizations: CNN, Joe Biden’s Environmental Protection Agency, Harvard Law, EPA, Republican, Natural Resources Defense Council, Chevron, DC, Appeals, DC Circuit, University of California, Biden, Congress Locations: China, United, Virginia, University of California Los Angeles, West Virginia, Congress

☆ F.S.A. vs. H.S.A.: What to Know About the Accounts That Pay Medical Costs
▼ + stars: | 2024-05-17 | by ( Ann Carrns | ) www.nytimes.com time to read: 1 min

Two types of accounts can help you pay for medical costs and have tax benefits, but both also have possible downsides, two recently published reports found. The two are flexible spending accounts and health savings accounts — better known as F.S.A.s and H.S.A.s. Workers set aside a fixed amount of money each year to be deducted from their paycheck before taxes, reducing their taxable income while helping them pay for out-of-pocket medical costs. But if workers change employers, the account doesn’t move with them. money on eligible care or products, although many employers offer grace periods or the option to roll over some funds from one year to the next.

Organizations: Workers

☆ A Pause for the Public Service Loan Forgiveness Program
▼ + stars: | 2024-05-10 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The Education Department has paused the processing of applications for student loan forgiveness by borrowers who work in public service jobs for about two months as it updates its systems and seeks to fix the problems plaguing its forgiveness program. The pause for the Public Service Loan Forgiveness program began May 1, the department’s Office of Federal Student Aid said. Borrowers can still submit applications and all other forms, like those documenting their eligibility, but they won’t be processed until the pause ends in July, the office said. In a recent blog post, it called the changes “an exciting and necessary step” that would lead to faster reviews of applications. During and after the pause, the 2.2 million borrowers working toward loan forgiveness in the public service program will continue to make loan payments on their assigned loan servicer’s website, the department said.

Organizations: Department, Public, Federal Student Aid, Education Department

☆ How do celebrities get their hands on museum-quality gowns?
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +12 min

But today, as more and more celebrities choose to wear vintage, the all-important stretch of red carpet has started to look more like a museum hallway. Kendall Jenner's vintage dress for the 2024 Met Gala. Mugler — the luxury French fashion house responsible for dressing Zendaya in a 30 kilogram full metal robot suit from 1995. Although interest in vintage fashion is rising amongst celebrity clients, not everyone is qualified to physically handle these pieces. John Shearer/WireImage/Getty ImagesFashion’s rat raceBut if these one-of-a-kind pieces are so fragile, and the method of their conservation so exact, how do celebrities even get their hands on them?

Persons: CNN —, Miley Cyrus, Laverne Cox, Olivia Rodrigo, Bob Mackie, ”, Vanessa Friedman, Cardi, Margot Robbie, Jennifer Lawrence, Mugler, Givenchy —, That’s, Kim Kardashian, Marilyn Monroe’s, Emily Ratajkowski, Versace, Zendaya, Givenchy, Kendall Jenner, Kendall Jenner's, Jamie McCarthy, Renée Zellweger, Jean Dessès, Julia Roberts, “ Erin Brockovich, Erin Walsh, Anne Hathaway, Selena Gomez, Sarah Jessica Parker, WWD, Wiktor, ” Adrian Corsin, Law Roach, Jean, Jacques Urcun, Marion Bourdée, Adrian, Julie Ann Clauss, Tom Ford, Calvin Klein, Marc Jacobs, Carolina Herrera, “, John Shearer, Kylie, ” Jenner, Thierry Mugler, Couturissime, ” Bourdée, Kylie Jenner, Ripley’s, ” Mugler, won’t, Walsh, ” Erin Walsh, Valentino, Karwai Tang, We’re, Kendall, ” Corsin, hasn’t Organizations: CNN, New York Times, Givenchy, London, Publishing, Brooklyn, International Council of Museums, , New York, Hollywood, SAG, Vogue Locations: Zendaya, London, France, LA, Mugler, New York, “, , New

☆ Medical Debt Shows Up Less Often on Credit Reports
▼ + stars: | 2024-05-03 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Rohit Chopra, the bureau’s director, said in a statement that “further reforms” were needed to scour medical debt from credit histories. The bureau is considering a rule to ban medical debt from consumer credit files. The bureau estimated in a 2022 report that well over half the debt that appeared on credit reports as being in collection was medical debt. People can incur medical bills unexpectedly, and many think that their health insurance will cover the costs. And the consumer bureau previously found that medical collection debt reported to the credit bureaus was “plagued by inaccuracies.”

Persons: —, TransUnion —, Rohit Chopra Organizations: Consumer Financial

☆ Columbia student protestors are demanding ‘divestment.’ Here’s what the university has divested from in the past
▼ + stars: | 2024-04-27 | by ( Clare Duffy | Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Columbia University Apartheid Divest submitted a formal proposal to the committee for withdrawing investments related to Israel in December, which has yet to yield success. Students at Columbia College, the university’s undergraduate school, voted to support the divestment proposal last week. Heading a nationwide South Africa divestment movementCurrently, Columbia lists five areas where it refrains from investing: tobacco, private prison operations, thermal coal, Sudan and fossil fuels — all decisions that were made in the past decade. In April 1985, students led a three-week student demonstration against Columbia’s investments in South Africa, the New York Times reported at the time. Pete Seeger, right, speaks to the crowd at Columbia University as hundreds of students continued to protest the school's ties to South Africa, April 8, 1985.

Persons: ” Israel, Catherine Elias, Daniel Armstrong, “, ” Armstrong, Pete Seeger, Frankie Ziths, G4S, Karla Ann Cote, divests, ”, Savannah Pearson, Michael Cusack Organizations: New, New York CNN, Columbia University, Columbia University Apartheid, —, Columbia, Columbia College, CNN, Coalition, New York Times, American Express, Ford, Ivy League, University of California, Johns Hopkins University, University of North, Corrections Corporation of America, Library, “, Columbia’s, Trustees, Columbia’s Teachers College Locations: New York, Gaza, Palestine, Columbia, Vietnam, Upper Manhattan, Israel, South Africa, Sudan, Los Angeles, Chevron, Berkeley, University of North Carolina, Hill, South, United States

☆ Louisiana Will No Longer Require Students to Fill Out FAFSA to Graduate
▼ + stars: | 2024-04-26 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

High school seniors are more likely to attend college if they complete the federal financial aid form known as the FAFSA, or Free Application for Federal Student Aid. But the state that was the first to require students to fill out the form to graduate, Louisiana, has reversed course and dropped the mandate, after state officials decided it was too intrusive. (The network prefers to call such practices “universal FAFSA” policies, rather than “mandatory,” because all states with the requirement allow students and their parents to opt out if they don’t want to fill out the form.) “We know FAFSA completion and enrollment are associated with each other,” Mr. DeBaun said. Filing the form allows students to get their share of federal grants.

Persons: ”, Bill DeBaun, Mr, DeBaun Organizations: Federal Student Aid, National College, Network Locations: Louisiana

☆ Thousands Are Eligible for Tax Refunds From 2020
▼ + stars: | 2024-04-19 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Who wouldn’t grab an income tax refund if they had one coming? About 940,000 people, it turns out — because they haven’t filed returns for the 2020 tax year, even though they may be due money back for that year. But there’s still close to a month left to file and collect the refunds. The Internal Revenue Service estimates that the typical refund for the people in this group is more than $900. “There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns,” the I.R.S.

Persons: there’s, “, haven’t, Daniel Werfel, Werfel, Eric Smith Organizations: Internal Revenue Service Locations: Idaho, New York, Pennsylvania

WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ That Giant College ‘Sticker’ Price Isn’t What Most Students Pay
▼ + stars: | 2024-04-12 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Families with college-bound students may well have shuddered when they heard that the official, full cost of a year at some four-year private schools will soon hit six figures. But outrage over mushrooming college “sticker” prices clouds a reality that some families may not fully understand: Few students pay the full price. On average, private nonprofit colleges cut tuition by more than half for first-time undergraduates, according to a recent report from the National Association of College and University Business Officers. That means college sticker prices — the full “cost of attendance” that the federal government requires colleges to publish — are an increasingly unreliable indicator of what a family will pay, according to a report titled, in part, “Ignore the Sticker Price,” and published Friday by the Brookings Institution, a Washington think tank. That goes for both low- and middle-income families, as well as for higher-income families that don’t qualify for need-based aid.

Persons: ” Organizations: National Association of College and University Business, Brookings Institution Locations: Washington

☆ Closing Costs for Buying a Home Have Risen Along With Rates
▼ + stars: | 2024-03-15 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

A pricey housing market and higher interest rates have made it harder to afford a house, but related expenses known as closing costs also add to the home-buying challenge. Borrowers typically paid about $6,000 for such costs in 2022, up from about $4,900 in 2021. That was on top of a down payment and other costs. The average monthly payment for a 30-year fixed-rate mortgage rose 46 percent, to $2,045 at the end of 2022 from $1,400 a year earlier, the bureau found. The median price of a single-family home in January was $383,500, up 5 percent from a year earlier, the National Association of Realtors reported.

Organizations: Consumer Financial, National Association of Realtors

☆ From Facebook question to floral success: Blooms in Hand flourishes
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom Facebook question to floral success: Blooms in Hand flourishesAnn Coy began her journey after relocating from Philadelphia with her husband and posing a simple question on Facebook: Would people be interested in a subscription service for wrapped bouquets? With an overwhelming response, Blooms in Hand was born.

Persons: Ann Coy, Hand Locations: Philadelphia

☆ Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
▼ + stars: | 2024-03-08 | by ( Ann Carrns | ) www.nytimes.com time to read: 1 min

New cars are more available this spring, and manufacturers have even begun offering deals to entice buyers. But at the same time, lenders have been tightening the terms of car loans as they deal with a rising number of delinquencies. That has made it harder for some people to get affordable loans. The impact was seen at banks, credit unions and dealerships. “We are seeing credit access tighten in all channels,” said Sean Tucker, a senior editor at Kelley Blue Book, Cox’s car research and sales website.

Persons: ”, Sean Tucker, Kelley Organizations: Cox Automotive

☆ Report Helps Answer the Question: Is a College Degree Worth the Cost?
▼ + stars: | 2024-03-01 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Most people go to college to improve their financial prospects, though there are other benefits to attending a postsecondary institution. But as the average cost of a four-year degree has risen to six figures, even at public universities, it can be hard to know if the money is well spent. A new analysis by HEA Group, a research and consulting firm focused on college access and success, may help answer the question for students and their families. The study compares the median earnings of former college students, 10 years after they enrolled, with basic income benchmarks. Still, more than 1,000 schools fell short of that threshold, though many of them were for-profit colleges concentrating in short-term credentials rather than traditional four-year degrees.

Organizations: HEA Group

☆ Looking for a Lower Credit Card Interest Rate? Good Luck.
▼ + stars: | 2024-02-23 | by ( Ann Carrns | ) www.nytimes.com time to read: 1 min

Credit card debt is rising, and shopping for a card with a lower interest rate can help you save money. But the challenge is finding one. Smaller banks and credit unions typically charge significantly lower interest rates on credit cards than the largest banks do — even among customers with top-notch credit, the Consumer Financial Protection Bureau reported last week. But online card comparison tools tend to emphasize cards from larger banks that pay fees to the sites when shoppers apply for cards, said Julie Margetta Morgan, the bureau’s associate director for research, monitoring and regulations. “It’s pretty hard to shop for a good deal on a credit card right now.”For cardholders with “good” credit — a credit score of 620 to 719 — the typical interest rate charged by big banks was about 28 percent, compared with about 18 percent at small banks, the report found.

Persons: Julie Margetta Morgan Organizations: Consumer Financial

☆ Elliott Erwitt’s Co-op and Photo Studio Are Listed on Central Park West
▼ + stars: | 2024-02-21 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

Elliott Erwitt had already gained worldwide renown for his memorable photographs of the famous and whimsical when he settled into his grand apartment at 88 Central Park West in the late 1960s. His home, on the eighth floor of the 12-story Brentmore co-op, at the corner of West 69th Street, cost around $75,000 at the time, according to one of his six children, Jennifer Erwitt. Image Elliott Erwitt photographed numerous celebrities, political leaders and other luminaries during his long career, but he was often celebrated for his witty and moving snapshots of people from all walks of life. Credit... Rick SmolanWith Mr. Erwitt’s death last November at age 95, both properties are now being sold by his estate. The asking price for the residence is $11.5 million, with $11,428 in monthly maintenance, and the studio is $2.3 million and $8,380 in maintenance, according to the listing broker, Ann Cutbill Lenane of Douglas Elliman Real Estate.

Persons: Elliott Erwitt, Jennifer Erwitt, ”, “, Rick Smolan, Erwitt’s, Ann Cutbill Lenane, Douglas Organizations: Park West Locations: West, Douglas Elliman Real

☆ Meet a boomer who thought she'd be retired by now but wants to help her millennial son: 'I'm not going to sit back and watch him not be able to go buy groceries'
▼ + stars: | 2024-02-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Kelley Herford, 63, thought she'd be retired by now. AdvertisementKelley Herford, 63, thought she'd be retired at the age of 62, or even 60. Instead of drawing from a strong pension and not worrying about anything — her original vision for retirement — Herford is still punching the clock. "I'm just going to have to work until I can't work any longer," she said. Advertisement"We did everything right," Herford said.

Persons: Kelley Herford, she'd, she's, Herford, —, I've, — Herford, I'm, that's, She's, it's, Ann C, Logue, aren't, boomer Organizations: Service, Pew Research Center Locations: underemployment, Herford, Charleston , South Carolina, Washington, DC

☆ Employers Can Now Enroll Workers in Some Emergency Savings Accounts
▼ + stars: | 2024-02-09 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Starting this year, a federal law allows employers to enroll workers in emergency savings accounts that are linked to their retirement accounts. “I do think there is tremendous interest in emergency savings programs,” said Matt Bahl, vice president and head of workplace financial health at the Financial Health Network, a nonprofit that promotes financial well-being. Of those, about a third said they offered an emergency savings account feature and another third planned to do so in the next year or two. For instance, only workers making under a certain income limit ($155,000 for 2024) may participate, and their emergency savings are limited to $2,500, though employers can set lower ceilings. And though employers can help with contributions, they must deposit any match into the worker’s retirement account — not the emergency savings account.

Persons: ”, Matt Bahl, Mr, Bahl, — Organizations: Financial Health Network, Research Institute

☆ A Rivian R1T blew through steel guardrails, reflecting safety experts' warnings about heavy vehicles and even heavier EVs
▼ + stars: | 2024-02-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

The crash test highlights safety experts' concerns about faster and heavier EVs. AdvertisementA new video of a Rivian truck bursting through steel guardrails during a crash test highlights some of the safety concerns experts have raised about heavy electric vehicles. Bigger the car, deadlier the crashSafety experts have previously raised concerns about the risks heavy vehicles and heavier EVs could bring to the roads. In the UK, safety experts say the heavier weight could cause older parking garages across the country to collapse. "There is some urgency to address this issue," Cody Stolle, Midwest Roadside Safety Facility's assistant director, told the publication.

Persons: —, Rivian, Ann Carlson, Charles Krupa, Kevin Heaslip, Politifact, Steve Patton, Alexa St, John, Zhe Ji, Myles Russell, they're, Cody Stolle, Ford Organizations: Service, University of Nebraska, Safety Facility, Nebraska Today, Midwest, Safety, National, Traffic Safety Administration, Reuters, Insurance Institute for Highway Safety, Center for Transportation Research, University of Tennessee, P Global Mobility, EV, Alexa, Ferrari, GMC, Ford, Madison Hall, McLaren, Anadolu, Getty, Research, Tesla Locations: Manchester , New Hampshire, Canadian, North America

☆ F.T.C. Warns Dozens of Funeral Homes to Provide Accurate Costs to Callers
▼ + stars: | 2024-02-02 | by ( Ann Carrns | ) www.nytimes.com time to read: 1 min

The Federal Trade Commission said its first “undercover phone sweep” of funeral homes across the country had found that dozens didn’t accurately disclose costs for services to callers. Of the more than 250 funeral businesses F.T.C. employees called, 38 either didn’t answer questions about prices or supplied inconsistent prices for identical services, the commission said. The 39 funeral homes received warning letters in January that they had failed to comply with a law known as the Funeral Rule. enforces the rule, which outlines protections for consumers shopping for funeral services.

Organizations: Federal Trade Commission

☆ More Tenants Can Now Add Rent Payments to Their Credit Score
▼ + stars: | 2024-01-26 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

As it stands, few landlords routinely report rent payments to credit bureaus. (Negative rent information can end up in credit files if a landlord reports delinquent accounts or sends them to a collection agency.) But in recent years, policymakers have been exploring whether consumers can benefit from having on-time rent payments included in credit scores, just as payments for mortgages, car loans and credit cards are. Reporting on-time rent payments is viewed as a way to reduce disparities in homeownership. TransUnion has been able to include rent payments in its credit reports since 2016 and has seen increasing interest from property managers, said Maitri Johnson, vice president of tenant and employment screening at the credit bureau.

Persons: isn’t, Fannie Mae, TransUnion, Maitri Johnson, Johnson Organizations: Self Financial, Urban Institute Locations: homeownership

☆ Vince McMahon, WWE founder, resigns amid sex trafficking allegations
▼ + stars: | 2024-01-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse. In the lawsuit, Grant alleged that McMahon dangled a job offer at WWE – and later promotions – in exchange for sex. McMahon engaged in acts of “extreme cruelty and degradation” toward Grant during her time at WWE, the lawsuit alleged. He initially retired from his role as CEO and chairman of WWE in July 2022 amid allegations of sexual misconduct. The investigation was closed in November 2022 and McMahon returned to WWE’s board in January 2023.

Persons: Vince McMahon, Janel Grant, behemoth McMahon, McMahon, ” McMahon, Grant, John Laurinaitus, Nick Khan, ” Khan, “ McMahon, ” McMahon’s, Grant’s, Ari, “, Ann Callis, McMahon’s, Dwayne “, ” Johnson, ”, Johnson Organizations: CNN, WWE, UFC, Hollywood, Ari Emanuel’s Endeavor Group, Netflix Locations: Laurinaitis

McMahon stepped down from the his position as executive chairman of the board of directors at WWE’s parent company, TKO Group Holdings, according to a statement released late Friday. McMahon's statement said that he was leaving the board “out of respect” for WWE and TKO Group. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE,” TKO Group said earlier this week. According to the lawsuit, McMahon lived in the same building as Grant and in 2019 offered to get her a job at WWE after her parents died. “WWE benefited financially from the commercial sex act venture orchestrated by McMahon, including by having wrestling talent, such as WWE Superstar, sign new contracts with WWE after McMahon presented Plaintiff as a sexual commodity for their use,” the lawsuit states.

Persons: Vince McMahon, McMahon, Janel Grant, Grant, ”, “, ” McMahon, “ Mr, ” Grant, John Laurinaitis, Laurinaitis, McMahon lavished, —, Ms, Ann Callis Organizations: WWE, AP, World Wrestling Federation, Holdings, “ WWE Locations: STAMFORD, Conn, Connecticut

☆ Vince McMahon accused of trafficking former WWE employee in new lawsuit
▼ + stars: | 2024-01-25 | by ( Samantha Delouya | Jordan Valinsky | ) edition.cnn.com time to read: +8 min

CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.

Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, –, John Laurinaitis, ”, WME, Ann Callis, “, ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood

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