Author: Editor-In-Chief

The Department of Education is providing greater transparency regarding income outcomes for students and their families applying for federal financial aid for college.The department announced Dec. 8 that it would add income data to the Free Application for Federal Student Aid. According to the department, if a first-time undergraduate student chooses a college where data shows graduates earn no more, on average, than in-state workers (or national workers in the case of schools with primarily out-of-state students) who have just graduated from high school, that student will be subject to a “low-earning” disclosure.The department cited the roughly $1.7 trillion in…

Jyoti Bansal, co-founder and CEO of Harness, speaks at the company’s unscripted conference in London on September 25, 2025.harnessAbout nine years ago, Jyoti Bansal sold AppDynamics to: Cisco When the software startup was planning to go public, it traded for $3.7 billion. Bansal’s latest venture, Harness, is now worth significantly more than that, having raised $200 million in new funding in a Bansal-led funding round at a valuation of $5.5 billion. goldman sachs.Harness’ technology helps companies manage and monitor code generated with the help of artificial intelligence to ensure it does not become corrupted, create security vulnerabilities, or cause cost…

President Donald Trump is prepared to seize more oil tankers off the coast of Venezuela, a White House official told CNBC on Thursday. The United States on Wednesday seized a tanker believed to be transporting oil from Venezuela to Iran. The move comes as President Trump ramps up pressure on President Nicolas Maduro. A White House official told CNBC that the Trump administration is always committed to enforcing the law. Oil markets are keeping an eye on the Ukraine peace talks, which so far have not shown any risk of major supply disruptions. US crude oil Oil prices last fell…

U.S. senators have rejected a rival health care bill aimed at helping Americans deal with rising insurance premiums in the new year.Republicans on Thursday blocked a Democratic-led measure that would have extended coronavirus-era subsidies under the Affordable Care Act, commonly known as Obamacare, for three years.Recommended stories list of 4 itemsend of listThe proposal was Congressional Democrats’ solution to dealing with rising health insurance premiums next year. However, the bill failed to garner support from enough Republicans and fell short of the 60-vote threshold for advancement in the House.All Democrats voted in favor of the bill, along with four Republicans:…

Manager Paul Merson has defended Mohamed Salah, claiming Liverpool “threw him under the bus” and suggested the club’s trophy cabinet would be even emptier without the Egyptian.Salah’s future has been in the spotlight in recent weeks, with Liverpool manager Arne Slott questioning why he was left out of the squad despite the Reds’ poor form. The 33-year-old, who signed a contract extension at Anfield towards the end of last season, also hinted that his relationship with Slott had broken down and he was subsequently left out of the squad that beat Inter Milan in the Champions League. But Salah has…

Every December, Time magazine chooses its Person of the Year: the person who most influenced the news and the world, for better or for worse. Last year, Time magazine chose President Donald Trump for the second time. The year before, it was Taylor Swift who many claimed had saved the economy from recession with her Elas Tour. In 1938, the magazine chose Adolf Hitler. This year, Time magazine chose to award an award not just to one person, but to the so-called “Architects of AI,” a group of CEOs shaping the global AI race in the United States. Recent Edelman…

In the Fed’s battle between fighting inflation and curbing unemployment, the latter held out on Wednesday, but could have an advantage heading into 2026 if labor market weakness becomes more apparent through an apparent overcount of payrolls.In the short term, concerns over the employment situation meant that the central bank voted to cut the central bank’s key interest rate by a quarter of a percentage point, albeit by a 9-3 margin. There are signs that if the labor market continues to be weak, policymakers will be inclined to make further cuts. Chairman Jerome Powell mentioned several times during Wednesday’s press…

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that the company is doubling down on overseas investments amid a weak dollar while ramping up its commitment to commodities. The widely followed investor said he had recently turned positive on commodities overall, pointing to steady gains in the largely overlooked asset class. “Commodities are starting to move up broadly and quietly,” Gundlach said. “Last week, for the first time in a while, we turned positive on commodities in general. So I think commodity indexes have some relevance here.” His comments came after the Federal Reserve on Wednesday cut its key overnight borrowing…

Federal Reserve Chairman Jerome Powell speaks during a press conference after the Federal Open Market Committee meeting in Washington, DC on December 10, 2025. Chip Somodevilla | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. Keep waiting for the heroStocks soared yesterday after the Federal Reserve announced a widely expected interest rate cut at its final policy meeting of the year. However, the bank appears to have taken the “hawkish rate cut” stance many had expected, saying the move…

Lindsey Harrigan outside the White House, August 20, 2025, Washington.Jacqueline Martin | APPresident Donald Trump is pushing to confirm Lindsay Harrigan as U.S. attorney for the Eastern District of Virginia, weeks after the criminal case against rivals James Comey and Letitia James was dismissed because of Harrigan’s involvement in the prosecution.But her nomination faces a potentially fatal hurdle from the so-called blue-slip tradition, which Republican senators have refused to abandon despite President Trump’s demands. Harrigan submitted a 28-page questionnaire on Wednesday to the Senate Judiciary Committee, which is responsible for vetting U.S. attorney candidates. This was the first action regarding…