Author: Press Room

College still pays off, but the return on investment largely depends on your choice of major.College graduates earn 37% more than those with only a high school diploma, according to a new report by Payscale. But as the cost of a degree rises, it is increasingly important to consider both your area of concentration and future earnings potential before taking out student loans to pay for college, most experts say.Often, a good rule of thumb is not to borrow more than you expect to earn as a starting salary.More from Personal Finance:Nearly half of student loan borrowers expect debt forgivenessThe sticker price at some colleges is now…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Mega-cap surprise: The broader market was unable to hold onto its early session gains, though it traded off its worst levels of the session. The losses come despite lower-than-expected initial jobless claims and a solid expansion in the ISM services index. The Magnificent 7 stocks are curiously having a strong day with nearly every stock trading in positive territory, while healthcare is being led lower by the usually steady McKesson after…

A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. In an op-ed published by one of the Times’ main rivals, The Washington Post, Sulzberger warned that Trump and his allies have repeatedly threatened the press and said he wanted the Times “to ensure we are prepared for whatever is to come.” “My colleagues and I have spent months studying how press freedom has been attacked in Hungary —…

Copart, Inc. (NASDAQ:CPRT) Q4 2024 Earnings Conference Call September 4, 2024 5:30 PM ET Company Participants Jeff Liaw – Chief Executive OfficerLeah Stearns – Chief Financial Officer Conference Call Participants Bob Labick – CJS SecuritiesJohn Healy – Northcoast ResearchCraig Kennison – Robert W. Baird & Co.Chris Bottiglieri – Exane BNP ParibasBret Jordan – JefferiesJash Patwa – JPMorgan Operator Good day, everyone, and welcome to the Copart Incorporated Fourth Quarter Fiscal 2024 Earnings Call. Just a reminder, today’s conference is being recorded. Before turning the call over to management, I will share Copart’s Safe Harbor statement. The company’s comments today include…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HousePresident Joe Biden is set to block Nippon Steel’s acquisition of US Steel after his administration concluded that the $14.9bn transaction posed a national security risk that could not be mitigated by the US and Japanese groups.Several people familiar with the matter said the White House would prevent the acquisition of the Pittsburgh-based group on national security grounds. Biden’s decision, which is expected in the coming days, comes as Kamala Harris, the Democratic presidential nominee, steps up her campaigning…

A prospective hostage and ceasefire agreement between Israel and Hamas is 90% completed, but disputes remain over the exchange of prisoners for hostages and the redeployment of Israeli forces in Gaza, according to a senior US administration official. US officials, with Qatar and Egypt, have for months worked to broker a deal to bring an end to the nearly year-long conflict. Those negotiations have taken on new urgency following the killings of six hostages held by Hamas in Gaza. The official offered one of the most detailed looks yet at key elements of the negotiations, which spokespeople for the US…

There’s been a growing interest lately in phased retirement, as indicated by the results of several surveys. For example, more than half (52%) of pre-retirees wish to continue working in some way after they retire, according to The Retirement Outlook of the American Middle Class, a survey whose results were recently released by the Transamerica Center for Retirement Studies. However, phased retirement isn’t a “one-size-fits-all” concept. Let’s look at various ways you can transition into this new stage and how it can help you in meet your financial and life goals. What Is Phased Retirement And How Is It Different…

Seven GOP-led states have filed a lawsuit challenging the Biden administration’s most recent student debt forgiveness plan, accusing the U.S. Department of Education (DOE) of taking steps to cancel loans beginning as early as this week. The lawsuit comes nearly a week after the Supreme Court denied the Biden administration’s request to lift a block on the Saving on a Valuable Education (SAVE) plan, which is designed to ease the burden of student loan debt for millions of borrowers.In a lawsuit filed Tuesday in a Brunswick, Georgia, federal court, attorneys general from Republican-led states, including Georgia and Missouri, took aim…

Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker’s stock continued to slide ahead of the date when majority-owner Donald Trump can begin selling his stake.The DJT slump, which followed a brief surge in mid-July spurred by the former president surviving an assassination attempt, has shaved billions of dollars off the company’s market capitalization.Trump Media ended the trading day at $16.98 per share, a 6% decline on the day.The stock has fallen more than 75% from its intraday peak of $79.38 per share, which it hit in its Nasdaq…

Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns.”We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer any questions regulators may have about our business.”Bloomberg reported Tuesday that Nvidia had received a subpoena, causing the stock to slip in after-hours trading. The chipmaker’s shares had already given up nearly 10% during regular trading Tuesday.While the report did not specify a reason for regulators to be interested in Nvidia, the company’s recent rise has been directly tied…