Author: arthursheikin@gmail.com

[ad_1] Your college might be on President Donald Trump’s watch list.Last week, the Department of Education released new data on student-loan borrowers’ nonpayment rates, or the percentage of borrowers who have entered repayment since January 2020 with student loans that were more than 90 days past due when the data was collected in May 2025.The data was a warning sign for for-profit schools: It found that 30% of borrowers who attended for-profit institutions were behind on their payments, compared to 16% of borrowers at public schools and 14% of borrowers at private schools. If nonpayment rates do not improve by…

[ad_1] Tera Studio & Pilates Club is barely a year old, but it’s already harder to get into than New York mainstay hotspots like Torrisi and Carbonne.Its address in New York’s SoHo neighborhood is a closely-guarded secret. (Its distinctive red front door, which pops up on Instagram for those in the know, offers a clue.) The only way in is through a direct referral from one of its 300 members.But Tera, where a 55-minute class costs $65, is selling more than exclusivity. “With the referral, we’re almost filtering our clientele to be somewhat of the same person,” says Georgia Wood…

[ad_1] The sight of fresh Birkins on resale sites puts Hermès’ CEO in a foul mood.Axel Dumas, the billionaire chief executive of one of France’s most valuable companies, talked about how new handbags on secondary markets have spoiled Hermès’ relationship with its customers.”Sometimes we have false customers come to our stores to buy them, to resell them, and they prevent us from serving our real customers, and that is a real cause for concern for us,” Dumas said, speaking to investors in a Wednesday second-quarter earnings call.”So, I’m not at all happy to see this development of new bags that…

[ad_1] Copper traders were caught off guard on Wednesday after refined copper was excluded from President Donald Trump’s new tariffs, leaving them with large stockpiles and rapidly falling prices.On Wednesday, copper futures on New York’s COMEX exchange plunged 20% in one day — the largest intraday drop since the contract began trading in 1988.The sell-off followed the Trump administration’s decision to exempt refined copper from a sweeping 50% import tariff that takes effect August 1.Instead, the tariff will only apply to copper products like pipes, wires, and sheets — not to refined copper, the most widely imported form of the…

[ad_1] GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time in the last three months; the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of these 20 million people have continued to use the AI coding tool on a monthly or daily basis —…

[ad_1] Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap companies benefiting from AI innovation. Ambiq closed its first day as a public company with a valuation of $656 million (excluding employee options). This represents a significant increase from its last private funding valuation of $450 million in 2023, according to PitchBook. Ambiq has…

[ad_1] 2025-07-30T23:41:27Z 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. Meta aims to build superintelligence with compute and talent, says CEO Mark Zuckerberg. Meta is aggressively recruiting AI researchers, offering nine-figure deals for top talent. Meta plans to invest $72 billion in AI infrastructure, including clusters the size of Manhattan. Meta wants to build “superintelligence” for everyone, and…

[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 as the S & P 500 closed lower after Federal Reserve Chair Jerome Powell signaled the central bank isn’t ready to lower rates, and what’s on the radar for the next session. Meta, Microsoft and AI growth Meta Platforms shares are up 12% after the bell. Microsoft is up 10% after the bell. Deepwater Asset Management’s Gene Munster was…

[ad_1] Microsoft isn’t slowing down.The world’s second-largest company by market cap reported blockbuster fourth-quarter earnings, sending shares surging so high after hours that the tech giant became a member of the exclusive $4 trillion club.Shares were up over 9% after hours following Microsoft’s strong earnings report. As a result, Microsoft joined Nvidia as the only other company to reach over $4 trillion in market cap.Microsoft reported fourth-quarter revenue of $76.4 billion and earnings of $3.65. Analysts surveyed by Bloomberg expected quarterly revenue of $73.89 billion and earnings of $3.37 per share.CEO Satya Nadella said that cloud and AI continue to…

[ad_1] Echoing sentiments shared in his “superintelligence”-focused blog post this morning, Meta CEO Mark Zuckerberg expanded on his bullish ideas that glasses will be the primary way users interact with AI in the years ahead. During Meta’s second-quarter earnings call, the social networking exec told investors he believes people without AI glasses will be at a disadvantage in the future. “I continue to think that glasses are basically going to be the ideal form factor for AI, because you can let an AI see what you see throughout the day, hear what you hear, [and] talk to you,” Zuckerberg said…