Jacob Democratic presidential candidates Senator Bernie Sanders and Senator Elizabeth Warren say their student-debt cancellation plans will help young Americans and their families finally get a fresh start after being buried in debt for so long. Research has suggested that cancelled debts can be a major boost for borrowers and the economy overall. When 10,000 borrowers had their private student loans canceled, their income increased on average by $4,000 over three years, a 2019 working paper...

Lost wallets with more money in them are more likely to be returned, says a new study published in Science Magazine. This result goes against the conventional wisdom that reckons a lost wallet full of cash will probably stay with the lucky finder. Americans assumed wallet return rates would be highest when the wallets didn’t contain money and lowest when the wallets contained a significant amount of cash, the researchers found in one component of the study. Professional economists whom the...

MarketWatch photo illustration/Getty Images Publishers are hoping that the Mueller report is going to be a mass market and, perhaps, salacious read. So, it seems, does Amazon founder and chief executive, Jeff Bezos. Robert Mueller, special counsel to the U.S. Department of Justice, spent two years researching and writing the report, entitled “Report on the Investigation into Russian Interference in the 2016 Presidential Election.” The world has been eagerly awaiting his findings. The report...

Getting out from under crushing student loan debt might become a little easier if new proposed changes in bankruptcy rules take hold. The proposed changes are part of a wide-ranging report by prominent members of the bankruptcy community, including former judges, academics and lawyers from both the debtor and creditor sides. The recommendations from the American Bankruptcy Institute’s Commission on Consumer Bankruptcy are aimed in part at addressing issues that have made it more challenging...

Yankees All-Star Giancarlo Stanton may have a $325 million contract (which was recently topped by Bryce Harper’s $330 million deal with the Phillies) but he still has an eye for a bargain. Ih fact, the Bronx Bombers’ outfielder and designated hitter told Page Six (which is owned by the same parent company as MarketWatch) that he still shops at TJX Cos. TJX, +0.00% chain stores like T.J. Maxx. ‘Some athletes are all about labels — Gucci and Fendi all the way down. They like to put their money...