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[ad_1] President Donald Trump isn’t saving the SAVE plan.The Department of Education announced earlier in July that interest charges for student-loan borrowers on the SAVE plan are restarting on August 1 after being paused for a year while the plan was facing legal challenges.SAVE, created by former President Joe Biden, intended to give borrowers more affordable monthly payments with a shorter timeline to debt relief. The plan was blocked in July 2024, and 8 million enrolled borrowers have been in a forbearance without interest accumulating.That relief is officially over. The department said that it is restarting interest charges on SAVE…

[ad_1] Standard Chartered CEO Bill Winters says he will let his staff decide whether to return to the office.”We work with adults, and the adults can have an adult conversation with other adults and decide how they’re going to best manage their team,” Winters said in an interview with Bloomberg on Thursday.”It’s working for us,” Winters said. “How other companies make that work? Everybody’s got their own recipe.”Winters told Bloomberg that he practices hybrid working and tries to be in the office four days a week.”Our MDs want to come to the office. They come to the office because they…

[ad_1] Apple is ready for some retail therapy.In a rare move, Apple CEO Tim Cook indicated interest in corporate acquisitions.”We’re very open to M&A that accelerates our road map,” Cook said on Thursday’s earnings call, referring to mergers and acquisitions. “We are not stuck on a certain size company, although the ones that we have acquired thus far this year are small in nature.”The CEO added, “We basically ask ourselves whether a company can help us accelerate a road map. If they do, then we’re interested.”Apple rarely splurges on big acquisitions. Its largest buy was Beats Electronics for $3 billion…

[ad_1] Amazon earnings beat expectations in the second quarter, but it wasn’t enough to calm investors’ concerns over AI competition and its weak profit guidance.On Thursday, the e-commerce giant reported $167.7 billion in net sales and earnings of $1.68 per share, which smashed analyst estimates.Despite the strong results, the company’s stock fell 7% in after-hours trading. Investors were spooked by Amazon’s profit outlook for the third quarter, which projected operating income between $15.5 billion and $20.5 billion, against Wall Street’s estimate of $19.41 billion.From where Amazon is in the AI race to competition with Starlink, here are our four key…

[ad_1] 2025-08-01T00:37:39Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. OpenAI is removing a feature that lets users put ChatGPT activity on search engines. The opt-in feature was a “short-lived experiment” that’ll be gone by Friday, CISO Dane Stuckey said. The feature made it easier for users to accidentally share things they didn’t mean to, Stuckey said. OpenAI…

[ad_1] On Thursday, Amazon CEO Andy Jassy scrambled to calm investor concerns over growth at the company’s cloud and AI business.Wall Street wasn’t buying it.Jassy fielded tough analyst questions about AWS growth and its position in the AI race. The stock tumbled 7% in after-hours trading, weighed down by disappointing profit guidance and Jassy’s vague responses on AI.During the call, Jassy was asked about rival companies’ “significantly faster cloud growth.” AWS reported revenue growth of 17%, a far slower rate than Microsoft and Google’s cloud businesses.Jassy said AWS has a much bigger revenue base, which makes comparing growth rates difficult.…

[ad_1] A Singapore-based deep tech startup called SixSense has developed an AI-powered platform that helps semiconductor manufacturers predict and detect potential chip defects on production lines in real time. It has raised $8.5 million in Series A bringing its total funding to around $12 million. The round was led by Peak XV’s Surge (formerly Sequoia India & SEA), with participation from Alpha Intelligence Capital, FEBE, and others. Founded in 2018 by engineers Akanksha Jagwani (CTO) and Avni Agarwal (CEO), SixSense aims to address a fundamental challenge in semiconductor manufacturing: converting raw production data, from defect images to equipment signals, into…

[ad_1] Amazon CEO Andy Jassy sees an opportunity to deliver ads to users during their conversations with the company’s AI-powered digital assistant, Alexa+, he said during Amazon’s second-quarter earnings call Thursday. “People are excited about the devices that they can buy from us that has Alexa+ enabled in it. People do a lot of shopping [with Alexa+]; it’s a delightful shopping experience that will keep getting better,” said Jassy on the call with investors and Wall Street analysts. “I think over time, there will be opportunities, as people are engaging in more multi-turn conversations, to have advertising play a role…

[ad_1] Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. The jobs report Don’t miss the July number and the market reaction at 8:30 a.m. ET live on ” Squawk Box ” with Becky Quick, Joe Kernen and Andrew Ross Sorkin. The expectation is for nonfarm payrolls to have grown by 100,000 and an unemployment rate of 4.2%. Big Oil…

[ad_1] Reddit wants to be your go-to search engine.Google might be near synonymous with online search, but Reddit believes it can take a piece of that internet traffic pie.”Reddit is one of the few platforms positioned to become a true search destination. We offer something special: a breadth of conversations and knowledge you can’t find anywhere else,” Reddit said in its Q2 report on Thursday. “Every week, hundreds of millions of people come to Reddit looking for advice, and we’re turning more of that intent into active users of Reddit’s native search.”Reddit said its core search product has 70 million…