The mid-2010’s saw an uptick in U.S. college closures, particularly among private nonprofit schools. This trend has affected tens of thousands of college students across the country.Since 2016, 91 U.S. private colleges have closed, merged with another school, or announced plans to close, according to a CNBC analysis of data…

A UPS strike by 185,000 workers 25 years ago brought the logistics giant’s operations to a standstill. The 15-day strike slashed package deliveries, overwhelmed the US Postal Service and FedEx, and hurt businesses across the United States. Now, more than 340,000 UPS workers represented by the Teamsters union are threatening…

Watch full video on YouTube

Binance crypto exchange has decided to withdraw from the Dutch market following an unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator.The platform is no longer accepting new users to register from the Netherlands.“Existing Dutch resident users will only be able to withdraw assets…

Watch full video on YouTube

The AR/VR Battle Has Only Started We have previously covered Meta (NASDAQ:META) in May 2023, discussing its exemplary FQ1’23 double beats and excellent FY2023 guidance. Combined with the return of advertising dollars once the macroeconomic outlook normalizes, its projected NTM EV/ EBIT of 9.42x does not seem expensive then. For…

Joe Biden returned to the campaign trail on Saturday for a rally with union members in Philadelphia, Pennsylvania, in the first major political event for the US president since he announced his re-election bid in April. Biden, who grew up in Scranton, Pennsylvania, received a warm welcome from the crowd.…

A Trump-appointed judge in Indiana has blocked parts of a state law banning gender-affirming care for transgender youth from going into effect next month. The law, known as SEA 480, which Indiana’s Republican-controlled legislature passed earlier this year, prohibits physicians from providing minors with treatments such as puberty blocking medication,…

Leveraged loan defaults are heading for the third-worst year in history as Federal Reserve interest rate hikes take a toll, according to Goldman Sachs. The volume of defaults by riskier companies in the bulging leveraged loan market has risen in June, bringing the total amount of soured debt in the…

Gold futures ended lower on Friday as a much stronger-than-expected U.S. May employment report suggested that the Federal Reserve will need to do more to tame inflation. Prices for the metal, however, held onto a gain of more than 1% for the week on the heels of three consecutive weekly…