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California Attorney General Rob Bonta speaks at a press conference in February 2024.CNBCNearly two dozen attorneys general, and a wide range of consumer groups and advocates, have registered their opposition to the Trump administration’s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and nonprofit workers.The 22 attorneys general registered their criticism in a letter to Education Department Secretary Linda McMahon on Wednesday. On Thursday, 254 organizations — including the NAACP, The Cancer Network and Florida Justice Institute, among others — also signed a letter condemning the Trump administration’s proposed PSLF rule.”Nationwide, millions of…
Kevin Durant #35 of the Phoenix Suns looks on during the second half against the Houston Rockets at PHX Arena on March 30, 2025 in Phoenix, Arizona. Chris Coduto | Getty ImagesNBA superstar Kevin Durant can’t find the password to his Coinbase account, which holds bitcoin that he began buying in earnest when he was playing for the Golden State Warriors in 2016. His agent couldn’t be happier.Durant’s predicament has “only benefited” the hoopster, agent Rich Kleiman said.”We’ve yet to be able to track down his Coinbase account info, so we’ve never sold anything, and this bitcoin is just through…
Two men have been killed in a shooting at the border crossing between the occupied West Bank and neighbouring Jordan, according to Israel. Israeli medics and the military said the men, both Israelis about 20 and 60 years of age, were taken to hospital after a shooting at the Allenby Bridge over the River Jordan before being declared dead. The Israeli military said it was looking into the details of the shooting, while some media outlets reported the shooter had been killed. “We continued the medical care, including resuscitation efforts, at the end of which we sadly had to pronounce…
Sitting down one-to-one with Andree Jeglertz is a fascinating experience. For a coach with over 20 years of experience in the women’s game, it’s striking how open he is. No pretence or front just an honest assessment of how he sees things.”This group, in the beginning, was maybe waiting a little bit for me to tell them what to do,” he says about his first few weeks in post at Manchester City. “I don’t think you develop that way. Most things the players need to be able to solve during a match themselves.” Jeglertz believes strongly in empowerment. He likes…
Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further than that.In other words, be careful what you wish for.”If they go too much more on interest rates, depending what happens with the economy … it gets into the danger territory,” Tepper said Thursday on CNBC’s “Squawk Box.” “You’ve got to be careful not to make things too hot.”His comments come after the central bank lowered interest rates by a quarter point Wednesday, the first cut this year, while…
The Federal Reserve’s decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevin Hassett is any indication.In a CNBC interview Thursday, the day after the Fed’s move, Hassett noted that the administration, and new Fed Governor Stephen Miran, had been pushing for a bigger reduction. Miran, who is on leave as head of the Council of Economic Advisers, pushed for a half-point cut but was outvoted 11 to 1 on the Federal Open Market Committee.However, Hassett was not critical of the committee’s decision.”The…
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Larry Ellison built the world’s second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the same time, he’s spent billions to fund his philanthropy, vast real estate holdings, sports investments and his son’s fast-growing media empire.How does he manage to spend so much while selling so little?A close look at the Oracle chairman’s finances and shareholdings reveals a fortune built on…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Fed meeting 101The Federal Reserve lowered interest rates by a quarter-point yesterday. While the move was widely expected, the central bank’s economic projections and Chair Jerome Powell’s press conference left us with many clues as to what’s next for monetary policy.Here’s what to know:The Fed signaled that two more interest rate cuts could be in the cards this year, but it forecasted just one in 2026. Traders had been hoping for two to three…
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker, which took on the U.S. government as an investor last month.Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel shares jumped 28% to around $32 a share following news of the deal.”This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay…
People associated with Palestine Action in British prisons are facing worsening conditions and arbitrary punishments after the group’s proscription as a terrorist organisation, their families and lawyers said. The direct action group was banned under the Terrorism Act in July, making it a criminal offence to be a member of or show support for the organisation. Friends, lawyers and relatives of Palestine Action prisoners held at HMP Bronzefield and HMP Peterborough told Middle East Eye that before the ban, there had already been efforts by prison officers to isolate them from their co-defendants. In the wake of the proscription, however, they said these…