As the landscape of higher education continues to evolve, a paradox emerges: while more students are eligible for federal financial aid than ever before, fewer high school graduates are opting for a traditional four-year college education. Studies have highlighted a troubling trend where college is increasingly perceived as accessible only to those who can afford
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In recent years, the financial services industry has experienced a seismic shift driven by advancements in artificial intelligence, particularly generative AI. Morgan Stanley, a stalwart in the investment banking sector, has embraced this technology with open arms, recognizing its potential to enhance productivity and streamline operations. As news reports from CNBC illuminate, the incorporation of
As reported by the National Association of Realtors, the U.S. housing market experienced a notable downturn in September, with existing home sales dropping 1% from August. This brought the annualized, seasonally adjusted sales rate to 3.84 million units—the lowest level recorded since October 2010. The data also indicated a 3.5% decline compared to September 2022,
The smartphone landscape in China is undergoing a significant transformation as local manufacturers increasingly integrate artificial intelligence (AI) into their devices. This trend presents a growing challenge for Apple, a company that has traditionally dominated the premium smartphone market. As competition intensifies, particularly with advancements in AI capabilities, the question arises: can Apple maintain its
In a pivotal moment for financial regulation, Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), recently spoke at DC Fintech Week, addressing significant challenges faced by the agency. Notably, the CFTC has been involved in a contentious legal battle regarding Kalshi, a financial exchange offering contracts tied to the outcomes of U.S.
Norway’s Government Pension Fund Global (GPFG), recognized as one of the largest sovereign wealth funds globally, has reported an impressive quarterly profit of 835 billion Norwegian kroner, approximately $76.3 billion. This achievement, unveiled in their third-quarter report, demonstrates the fund’s resilience against the backdrop of fluctuating global markets. By the close of September, the fund’s
In a recent announcement, the Internal Revenue Service (IRS) has unveiled significant adjustments to federal income tax brackets and standard deductions set to take effect for the tax year 2025. This revelation marks an essential shift that will be relevant for individuals and families preparing their returns in 2026. The updated thresholds present an opportunity
In the fast-paced world of technology, particularly in sectors such as artificial intelligence (AI), the balance between innovation and regulation is a constant topic of discussion. Christian Klein, the CEO of SAP, recently shared his insights regarding the European approach to AI regulation during a CNBC interview. He expressed serious concerns that excessively stringent regulations
In recent times, the dynamics of the retail pharmacy landscape have faced significant transformations as large chains like CVS and Walgreens strategically withdraw from certain markets. In a bid to boost profitability and reassure investors, these drugstore giants are shuttering hundreds of locations across the country. Contrarily, Walmart, the largest retailer in the United States,
General Motors (GM) demonstrated a remarkable ability to exceed expectations in its third-quarter earnings, showcasing resilience amid challenging market conditions. The automaker reported an adjusted earnings per share (EPS) of $2.96—significantly above the anticipated $2.43—and generated revenues of $48.76 billion, eclipsing forecasts of $44.59 billion. This performance not only reaffirms GM’s robust operational strengths but