US President Joe Biden arrives to board Air Force One at Joint Base Andrews in Maryland, on August 15, 2023. Andrew Caballero-Reynolds | AFP | Getty Images It’s never been a better time to get rid of your student debt. Although President Joe Biden‘s plans to cancel up to $400 […]
CNBC News
Arm shares jump 25% as post-earnings rally extends to second week
Masayoshi Son, chairman and CEO of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images Arm shares rose more than 24% on Monday, extending last week’s rally as investors continue to applaud the chipmaker’s better-than-expected third-quarter earnings and its position in the artificial intelligence boom. Arm is now up […]
Bitcoin extends its gains, breaking through the $50,000 level
Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped above $50,000 Monday, reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 3.5% at $49,875.00, according to Coin Metrics. Earlier, it rose to $50,334.00, its highest level since December 2021. “$50,000 […]
Secretary Austin cancels Brussels trip for Ukraine, NATO meetings after hospitalization
U.S. Defense Secretary Lloyd Austin delivers remarks during a meeting with Kenyan Defense Minister Aden Duale at the Pentagon on February 07, 2024 in Arlington, Virginia. Kevin Dietsch | Getty Images Defense Secretary Lloyd Austin canceled a trip to Brussels this week where he was set to attend meetings related […]
Jeff Bezos will save over $600 million in taxes by moving to Miami
Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida. Clive Mason | Formula 1 | Getty Images Jeff Bezos’ $2 billion stock sale last week came with […]
JetBlue resets with new CEO, industry veterans to run airline on time, and profitably
A JetBlue Airways plane prepares to depart New York’s LaGuardia Airport. Leslie Josephs | CNBC In the 24 years since JetBlue Airways‘ first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it’s trying to get back to […]
Bitcoin breaks through $49,000 for the first time since December 2021
Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped to almost $50,000 Monday, reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 3% at $49,692.10, according to Coin Metrics, a level it hasn’t seen since December 2021. Earlier, it rose […]
Americans have $1.13 trillion in credit card debt. Here are some expert tips to help pay yours off
Credit cards are an Achilles’ heel for many people. Collectively, Americans now owe $1.13 trillion on their cards, and the average balance per consumer is up to $6,360, both historic highs. Not only are more cardholders carrying debt from month to month but more are increasingly falling behind on payments, recent reports show. […]
Trump attends Florida hearing in special counsel classified documents case
Former U.S. President Donald Trump speaks during a press conference held at Mar-a-Lago on February 08, 2024 in Palm Beach, Florida. Joe Raedle | Getty Images Former President Donald Trump arrived at a federal court in Florida on Monday morning for a closed hearing in the criminal case where he […]
Microsoft’s AI growth is helping its cloud business weaken Amazon’s lead
Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images Amazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap. While Microsoft doesn’t disclose revenue figures for its Azure cloud infrastructure, […]