At 21, Gianluca Rindone got his first job making bodies for Fiat’s Maserati cars alongside his father, a Sicilian who had been lured to Turin’s auto boom in the 1970s. He thought it would be a lifelong career but after three decades Rindone has been furloughed, falling victim to the…

Since January 1, 2023, there has been a cap on insulin for Medicare beneficiaries. The cap applies to those who have Part D prescription drug coverage, whether through a stand-alone plan or as part of a Medicare Advantage plan. (The cap also applies to insulin administered via a pump under…

Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week’s reading of 6.32%.…

The Biden-Harris administration on Thursday announced another round of student loan handouts, removing $4.5 billion in debt for more than 60,000 borrowers who work in public service. The Department of Education said in a news release the relief came about from “significant fixes” to the Public Service Loan Forgiveness (PSLF)…

Maybe the AI boom isn’t petering out after all. The news Taiwan Semiconductor Manufacturing Company on Thursday reported strong third-quarter results fueled, in part, by artificial intelligence processors. Per-share profit at the world’s largest third-party chip producer jumped 54% from the year-ago period. Sales rose 36%. TSMC shares that trade…

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. As most NFL fans know, Google ‘s YouTube…

American shoppers continue to power the US economy. Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll. Wall Street cheered…

This article was written byFollowAdvanced education in economics, business management and engineering. Professional experience with product management and development in high tech industry, including advisory with multiple fintech startups. Have been investing in growth companies since 1998. Recent interest of investment also includes income-focused portfolio, fund-based approach.Analyst’s Disclosure: I/we have…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Blackstone plans to list some of its largest investments, the world’s biggest private capital group said on Thursday, after sluggish asset sales hit its third-quarter profits.Jonathan Gray, Blackstone’s president, said the recent…

Over the course of President Joe Biden’s term, he’s held dozens of calls and multiple face-to-face meetings with German Chancellor Olaf Scholz, all with the goal of deepening a relationship based on democratic ideals and shared values. In return, Scholz spent considerable political capital on Biden’s behalf: Releasing a Russian…