Every year, millions of new students are pumped into the student loan system while current borrowers struggle to exit it. This year, the Biden administration’s new student loan forgiveness plan could start clearing debt for millions of borrowers as soon as this this fall — just as incoming college freshmen start racking up new balances […]
Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. But Rubrik is only one of several companies going public in the next two weeks. Marex Group, a UK-based financial […]
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones. Original news source Credit: www.cnbc.com
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday reported first-quarter revenue that topped expectations as its blockbuster blood thinner Eliquis and several new drugs posted sales growth. But the pharmaceutical company […]
A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Charly Triballeau | Afp | Getty Images American Airlines swung to a loss in the first quarter but its forecast for the current period surpassed […]
A gondola sails under the Rialto Bridge on April 24, 2024 in Venice, on the eve of the start of the official trial of the city’s booking system for day-trippers. Venice will begin on April 25, 2024 charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under […]
(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Meta Platforms and General Motors topped Thursday’s analyst calls. Several analysts lowered their price targets on the Facebook parent following its latest quarterly report. Meanwhile, Bernstein said GM can add to […]
Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western legacy automakers can interest Chinese consumers will be the talk of Beijing as executives from top global car marques descend on the capital for Beijing Auto Show. Bloomberg | Bloomberg | Getty Images Japan’s Toyota Motor will pair up with China’s Tencent […]
