Wesleyan University joins other schools in nixing legacy admissions after Supreme Court's affirmative action ruling
Wesleyan University says it will stop giving preferential treatment to applicants who are the children of alumni. Last month, the Supreme Court said universities can no longer take race into consideration as a specific basis for granting admission.
2023-07-20 01:48
Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
2023-07-19 21:18
Goldman profit slides to three-year low on consumer losses
(Reuters) -Goldman Sachs Group reported a bigger-than-expected drop in second-quarter profit as a retreat from consumer businesses and declining investment
2023-07-19 20:27
Biden administration unveils draft changes to US merger review guidelines
The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft updates to the nation's merger guidelines, introducing potentially comprehensive changes to the way the US government reviews mergers and acquisitions for the first time in more than a decade.
2023-07-19 17:29
What do we know about the US soldier in North Korea and what might come next?
For the first time in decades a US soldier is believed to be in North Korean custody. That is a scenario that could cause a diplomatic headache for the United States while it, alongside ally South Korea, tries to keep pressure on Pyongyang as the isolated nation ramps up its ballistic missile tests and bellicose rhetoric.
2023-07-19 15:47
Biden administration suspends funding for Wuhan lab
The Biden administration has suspended funding for the Wuhan Institute of Virology following a monthslong review that determined that the Chinese research institute "is not compliant with federal regulations and is not presently responsible," according to a memo from the Department of Health and Human Services.
2023-07-19 11:28
Philippines Faces Challenging Path to $9 Billion Wealth Fund
Philippine President Ferdinand Marcos Jr. has enacted a measure creating what will be the nation’s first-ever sovereign wealth
2023-07-19 08:28
Goldman Sachs CEO's growth strategy gets traction with board-sources
By Saeed Azhar and Lananh Nguyen NEW YORK Goldman Sachs' board supports CEO David Solomon's focus on its
2023-07-19 03:50
Goldman Sachs cuts probability of US recession in next 12 months
NEW YORK Goldman Sachs' Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that
2023-07-17 23:58
Israeli PM Benjamin Netanyahu admitted to hospital for medical evaluation
The Prime Minister of Israel Benjamin Netanyahu arrived "a short time ago" at the Sheba Medical Center Saturday, according to his office.
2023-07-15 22:50
Biden administration announces $39 billion in student debt relief following administrative fixes
The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
2023-07-15 05:23
McCarthy faces challenge of passing defense bill after series of contentious amendments are added
House Speaker Kevin McCarthy faces a challenge Friday morning: A razor thin margin to get a must-pass defense policy bill over the finish line with a majority of Democrats signaling they cannot support the version of the legislation crafted by conservative Republicans.
2023-07-14 18:17