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Another $1.2 billion in student-debt cancellation approved by Biden administration

Roughly 35,000 borrowers will have $1.2 billion in student debt cancelled, the Biden administration announced Thursday.

TSMC beats forecasts on demand for AI-related chips

TSMC reported a sharp increase in its profits and revenue as its business was bolstered by surging demand for its most advanced microchips

Novartis lifts guidance again as demand climbs for top drugs

Novartis has boosted its 2024 outlook for a second time this year, thanks to strong sales for some of its biggest drugs used to treat heart failure and other ailments.

J.D. Vance blasts ‘Wall Street barons’ and Biden in GOP convention speech

Republican vice presidential nominee J.D. Vance speaks Wednesday night at the GOP convention in Milwaukee.

Japan’s exports rise for seventh straight month in June

Japan’s exports rose for a seventh straight month in June backed by solid demand for chip-making machines, nonferrous metals and plastics, Ministry of Finance data showed Thursday.

Trump is winning votes by supporting crypto, say digital-asset fans at GOP convention

Donald Trump’s recent expressions of support for cryptocurrencies are helping him with voters focused on digital assets, said participants in a “CryptoRNC” event on Wednesday that was tied to the GOP convention in Milwaukee.

Beyond Meat shares fall following report of restructuring talks with bondholders

Shares of Beyond Meat fell in post-market trading after The Wall Street Journal reported the company was engaged in talks with a group of bondholders about restructuring the company’s balance sheet.

Microsoft, Meta, Amazon and Google face this growing risk around AI

If AI revenue doesn’t come about as quickly as expected, large tech companies could see margin pressure and have to wait longer for returns on their massive investments.

Five Below’s ex-CEO is going to Petco — but could find similar challenges

Petco Health & Wellness Co. on Wednesday said that Joel Anderson — the former chief executive of teen-focused discount chain Five Below Inc. — would become the pet-supplies retailer’s new chief executive later this month.

‘Distressed, scared’ fans who were denied entry to Copa America final are still looking for refunds

Ticketmaster and CONMEBOL have yet to say if they’ll refund people who had tickets to the game but weren’t allowed in.

United Airlines says it saw capacity glut coming, and prepared for it

Shares of United Airlines Holdings Inc. dropped more than 3% in the extended session Wednesday after the airline reported a mixed second quarter and guided for lower-than-expected profit in the current quarter.

Here’s what could really supercharge the bitcoin rally (hint: it’s not just Trump’s speech)

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
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