Princeton University announced Thursday an expansion of its financial aid program that will allow most students from families earning up to $100,000 to pay nothing to attend the Ivy League college.
Why it matters: Costs for higher education have risen dramatically in the past decade, a concern critics say won't be solved by President Biden's student loan forgiveness plan. American universities and colleges have faced mounting pressure to lower tuition rates, especially amid the pandemic.
The haywire period in used-vehicle prices may finally be coming to an end.
Why it matters: The pandemic's supply chain disruption turned price expectations upside down, sending used-car values upward in a shocking twist for something long considered a depreciating asset.
Former President Trump again didn't get enough votes, this time for the blank check company seeking to take his social media company public.
Driving the news: Digital World Acquisition Corp. on Thursday said it would adjourn its shareholder meeting until October 10, after failing to secure at least 65% shareholder approval for a one year extension to complete its merger with the parent company of Truth Social.
Every major British news site led with the news of Queen Elizabeth II's death Thursday evening, with many dedicating their entire home pages to coverage of her historic reign and succession plan.
Why it matters: The Queen's death, along with Boris Johnson's dramatic resignation in July, is a major event for British tabloids and news outlets. But so far, news of the Queen's death has completely swallowed Johnson's resignation in terms of social media engagement.
Treasury Secretary Janet Yellen on Thursday touted the economic impact of the Biden administration’s agenda, while acknowledging the blow soaring inflation has delivered to households.
Why it matters: The remarks, delivered in a speech outside of Detroit, mark the beginning of a weekslong effort to sell President Joe Biden’s policies ahead of the midterm elections. With decades-high inflation, the economy remains an issue front-and-center for voters.
The world's largest exchange operator wants customers to transact with its namesake stablecoin over others.
Why it matters: The move is a land grab for Binance, which is using its weight to boost Binance USD, the third-largest stablecoin in circulation, to the detriment of its larger peers — Circle's USDC, No. 2, and Tether's USDT, No. 1.
The vast majority of employees, 91% according to a Gallup survey, want workspace flexibility, while most executives want to return to the office at pre-pandemic levels.
Why it matters: This disconnect is a communications issue as much as it is an HR issue, as seemingly out-of-touch executives create reputational risk.
Tone is often lost in email and text — and miscommunication across teams is costly, according to a recent Loom study.
Why it matters: 91% of workers say their messages have been misunderstood or misinterpreted, while 1 in 5 say they have been reprimanded, demoted or fired because of it.
Coinbase employees and long-term Ethereum supporters are suing the U.S. Treasury over its decision last month to sanction the crypto service Tornado Cash, Fortune reports.
Why it matters: The case could have an impact across the cryptocurrency industry for the foreseeable future as it will likely determine if the U.S. government can impose sanctions on crypto services.
United Airlines announced Thursday it will invest $15 million into electric aircraft company Eve Air Mobility and purchase 200 of its electric air taxis with options to buy 200 more.
Why it matters: The airline is heavily investing in electric vertical take-off and landing vehicles (eVTOLs), which could one day provide a cheaper, faster and cleaner mode of transportation.
Salesforce will co-produce a new branded docuseries for CNBC's linear channel as a part of a broader television deal that Salesforce and CNBC parent NBCUniversal struck last year around the Olympics.
Why it matters: The deal shows how CNBC parent NBCUniversal is getting creative in order to land large, multimillion-dollar partnerships with advertisers.
Investment giant BlackRock is rebutting Republican politicians over its ESG investment policies, arguing that its critics are wrong on both the science and the cents.
Look ahead: Private equity and other investment fund managers should pay close attention, because they could be next in the line of fire.
The European Central Bank announced the largest interest rate hike in the central bank’s 24-year history on Thursday as the eurozone battles record inflation stoked by an energy crisis.
Details: The ECB said it would hike rates by three-quarters of a percentage point, following a smaller — though still historically large — half-point increase in July.
TigerEye, a stealthy San Francisco-based startup working on enterprise sales tools it plans to publicly launch next year, has raised $30 million in Series A funding led by Initialized Capital and Next47.
Why it matters: The company is the latest venture of Tracy Young, who previously co-founded and was CEO of construction software startup PlanGrid, which Autodesk acquired for about $875 million in 2018.
With California's electric system nearly maxed out during the state's worst-ever September heat wave, officials are asking residents to avoid using major appliances — or charging their electric vehicles — during peak demand to avoid rolling blackouts.
Reality check: EVs aren't what's straining the grid. California had roughly 680,000 registered EVs as of July 1, per S&P Global Mobility, accounting for less than 1% of the state's total electricity demand.
You can expect more banks to start offering mortgages that don't require some first-time buyers to save up a large down payment — part of an effort to close the racial and ethnic homeownership gap, which is a big piece of the racial wealth gap.
Driving the news: Bank of America's recently announced "zero down payment" loans for first-time homebuyers in predominately Black and Hispanic neighborhoods who meet certain income requirements.
Police said Wednesday evening they arrested a suspect in the stabbing death of Las Vegas Review-Journal investigative reporter Jeff German.
Driving the news: The Las Vegas Metropolitan Police Department said in a short statement that a suspect had been taken into custody. Clark County Sheriff Joe Lombardo told the Review-Journal the arrested suspect was Clark County Public Administrator Robert Telles, a Democrat.
