US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers. That relief includes nearly 85,000 people who attended schools that …
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Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say
A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024. Rebecca Cook | Reuters Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan’s Nippon Steel was just blocked by the White House earlier this month, sources tell CNBC’s …
Read More »Bill Ackman’s Pershing Square offers to take over real estate developer Howard Hughes
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Bill Ackman’s Pershing Square is forming a new entity to merge with Howard Hughes Holdings, offering current holders of the real estate company $85 a share. “While we are pleased with the substantial business progress Howard Hughes …
Read More »Bezos’ Blue Origin stands down on debut launch of New Glenn rocket
The Blue Origin New Glenn rocket sits at Launch Complex 36 prior to its scheduled early morning Jan. 13 launch at Cape Canaveral Space Force Station. Miguel J. Rodriguez Carrillo | Getty Images News | Getty Images Jeff Bezos’ Blue Origin on Monday called off the inaugural launch of its New Glenn rocket following last-minute issues on the vehicle, in a blow …
Read More »Dealing with Photo Storage Pains
Over the holidays, I finally decided to start a thorough clean-up of my Lightroom catalog and images. Many years of shooting resulted in accumulation of almost 400 thousand images and videos in original formats, and I got tired of trying to keep my data backed up and synced between different storage solutions. I glanced at some of the photos in …
Read More »Britain wants to become global AI leader, build domestic OpenAI rival
Britain’s Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024. Leon Neal | Via Reuters LONDON — The U.K is looking to build a homegrown challenger to OpenAI and drastically increase national computing infrastructure, as Prime Minister Keir Starmer’s government sets …
Read More »Spike in UK borrowing costs raises specter of public spending cuts
The march higher in U.K. government bond yields since the launch of the Labour government’s debut budget plan in October sparked widespread concern last week, as borrowing costs rose to breach numerous decade highs. The prospect of public spending cuts or further tax rises came into focus as 30-year gilt yields hit their highest level since 1998. Despite initially falling …
Read More »China’s December imports records a surprise jump, exports beat expectations
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images China’s trade data in December beat expectations by a large margin, with exporters continuing to frontload shipments as worries over additional tariffs mount, while the country’s stimulus measures appear to be supporting demand in the …
Read More »Real Madrid’s Kylian Mbappe scores stunning first El Clasico goal to give Los Blancos lead vs. Barcelona
Getty Images Real Madrid’s stars shone bright in the early stages of Sunday’s Spanish Super Cup final when Kylian Mbappe and Vinicius Junior combined for the game’s opening goal just five minutes into the game against Barcelona. Vinicius won the ball off of Barcelona’s Marc Casado inside Real Madrid’s half, making his way towards the halfway line and then playing …
Read More »Good news need not always be bad news for markets
A job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, U.S., on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, …
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