Hobo_018 | E+ | Getty Images In August, when President Joe Biden rolled out his historic plan to cancel up to $20,000 in student loan debt for tens of millions of Americans, one of the policy’s stated goals was “to help narrow the racial wealth gap.” Shortly after the president’s …

The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Shares of Lyft fell more than 35% when markets opened on Friday, a day after the company reported guidance for its …

Volodymyr Zelenskyy, Ukraine’s president, visited the European headquarters in Brussels, Belgium, on Thursday, Feb. 9, 2023. He asked for more weapons, while also thanking the EU for its support thusfar. Bloomberg | Bloomberg | Getty Images BRUSSELS — Ukrainian President Volodymyr Zelenskyy’s trip around Europe, ahead of an expected renewed …

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.  Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Stumbling toward the weekend Stocks …

Disney CEO Bob Iger’s apparent openness to selling Hulu marks a stark reversal in strategy for the company — and an even more surprising shift if Iger sells the streaming service to Comcast. Iger said Thursday in an exclusive CNBC interview with David Faber that “everything is on the table” …

As a young physician, Dr. Elizabeth Clayborne saw a need for a better way to stop nosebleeds, a common condition she saw at the hospital where she worked, especially among children. She developed a bandage-like device for your nose and secured patents for her invention, called “NasaClip.” Then, in 2020, …

SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry. SMIC said on Thursday that 2022 revenue totaled …

The Vinfast VF6 all-electric vehicle is on display at the 2022 Los Angeles Auto Show on November 18, 2022 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images Vietnamese electric vehicle maker VinFast told CNBC it’s on track to start production in the U.S. by 2024 …

People cross a street in Tokyo’s Ginza district. The Bank of Japan left its monetary policy unchanged on Wednesday. Philip Fong | Afp | Getty Images The Japanese yen pushed higher against both the euro and U.S. dollar on Friday after a Nikkei report said Kazuo Ueda would be appointed …

“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell its …