Navient and CFPB Reach $120 Million Student Loan Settlement
The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers,…
Business
European Central Bank Cuts Rates for Second Time in Three Months
The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure…
A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps
The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will…
OpenAI Aims for a $150 Billion Valuation
The ChatGPT maker is closing in on another mega funding round as investors bet the boom in artificial…
Offshore Wind Slowed by Broken Blades, Rising Costs and Angry Fishermen
Accidents involving blades made by GE Vernova have delayed projects off the coasts of Massachusetts and England and…
G.M. and Hyundai Plan to Work Together on New Vehicles
General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean…
Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming…
Young Chinese Émigrés Confront America’s Brutal Visa Lottery
For Chinese seeking educational opportunity, the United States has long been the top spot, but as more want…
SpaceX Polaris Dawn Spacewalk: How to Watch the Astronauts
The astronauts of the Polaris Dawn mission, after traveling through heavy radiation and high orbits, are getting ready…
Norfolk Southern Fires C.E.O. Alan Shaw After Ethics Investigation
The railroad company’s board said it dismissed Alan Shaw and an executive he had a consensual relationship with.