Debt $12 Billion
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Biden Cancels $6.1 Billion in Debt for Former Art Institute Students
The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts.The New York Times - Business - Joe Biden -
Biden is forgiving $6.1 billion in student debt for 317,000 people
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.CBS News - Politics - Joe Biden -
Biden is forgiving $6.1 billion in student debt for 317,000 people
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.CBS News - Top stories - Joe Biden -
Biden administration to cancel $6.1 billion in student debt for borrowers who were scammed by single school
The Department of Education is cancelling $6.1 billion worth of student debt for 317,000 borrowers who were scammed by their school, officials announced Wednesday.MarketWatch - Business - Joe Biden -
Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students
The Biden administration announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of the Art Institutes.CNBC - Business - Joe Biden -
What types of debt can debt relief help with?
Debt relief may not help with all types of debt. Find out what types of debt most debt relief services help with.CBS News - Top stories -
Using debt to finance government spending is not a free lunch
Government debt can be a valuable tool — but it has consequences.MarketWatch - Business -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
What to do if you are in debt and need help
What help and options are available to people struggling with debt repayments?BBC News - Top stories -
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.CNBC - Business -
12% of LGBTQ youth attempted suicide last year, nationwide survey says
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.CBS News - Top stories -
Etsy shares plunge 12% on decline in gross merchandise sales
Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.MarketWatch - Business -
New Big 12 out to prove bigger bank accounts don't always mean better football teams in 12-team CFP
The Big 12 is about to play its first season without Oklahoma and TexasABC News - Sports -
Dutch city pilots radical debt cancellation scheme for poor families
Councillor in Arnhem says existing system to resolve issues caused by debt costs billions and isn’t working. The Dutch city of Arnhem is going to cancel the debts of some of the poorest families in the Netherlands in an attempt to break a ...The Guardian - World - Netherlands -
Blue-green algae get a bad press – but we owe a debt of gratitude
While some cyanobacteria are among the deadliest organisms in the world, others help us flourish. Blue-green algae, or cyanobacteria, come in many forms and have generally got a bad press, mainly because five of the 2,000 identified species can ...The Guardian - World -
Biden forgives more than $6B in student debt for 317K defrauded borrowers
The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Arts Institutes. The 317,000 borrowers will receive the relief after it was discovered the school “falsified data, ...The Hill - Politics - Joe Biden -
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What the Fed's interest rate pause means for your credit card debt
The Federal Reserve kept its federal funds rate unchanged. Here's what that means for your credit card debt.CBS News - Top stories -
Chris Harris Jr., former Broncos Pro Bowler and Super Bowl champion, retires from NFL after 12 seasons
Harris exits as one of the most accomplished undrafted players in league historyCBS Sports - Sports - NFL -
Pac-12 posts an impressive haul in the NFL draft before the conference breaks up
The final season of the Pac-12 turned out to be as big a hit in the NFL draft as it was on the fieldABC News - Sports - NFL -
Sea Of Thieves Season 12 Plunder Pass Rewards: All Sails, Hulls, And Other Cosmetics
Sea of Thieves Season 12 is here, and with that comes a whole new season Plunder Pass, Rare's swashbuckling version of a battle pass. As usual, the latest Plunder Pass comes with various cosmetics and lots of currency to spend in-game. What's ...GameSpot - Tech -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
12:30 Report— Greene ignites effort to boot Johnson; College protests boil over
{beacon} 12:30 REPORT It’s Wednesday. Shall I introduce our May mascot, Justin Timberlake?! Happy May, everyone! Here are some highlights in today’s edition: Rep. Marjorie Taylor Greene (R-Ga.) announced she is forcing an ouster vote of Speaker ...The Hill - Politics -
Ranking NFL's top 12 WR trios for 2024: Bears' unit dangerous after surrounding Caleb Williams with top talent
A reordering of the NFL's wide receiver trios after the 2024 NFL DraftCBS Sports - Sports - NFL -
Big 12 commissioner Brett Yormark says league's coaches are in favor of NCAA Tournament expansion
The Big 12 leader is just the latest college basketball power broker to advocate for a larger NCAA Tournament fieldCBS Sports - Sports -
CPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.The New York Times - Health -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - World -
The Fed would only cut rates to help the U.S. service its soaring debt, fund manager says
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.CNBC - Business -
Higher interest rates make government debt unviable as an economic solution | Kenneth Rogoff
Big economies such as the US must change fiscal policy as the realities of debt and inflation bite. For more than a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to ...The Guardian - World -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - World - Microsoft -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - Tech - Microsoft -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
Schemes targeting seniors account for $3.4 billion in reported losses, FBI says
Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.CBS News - Politics -
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the countryABC News - Tech - Microsoft -
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech