Student-loan companies are ‘ready to apply’ debt cancellation to borrowers’ balances, Biden’s Education Secretary says

US Education Secretary Miguel Cardona MANDEL NGAN / Getty Images Education Sec. Miguel Cardona said student-loan companies are “ready to apply” debt relief. But they cannot actually cancel any student debt right now because the plan continues to be stalled. That’s due to a ruling from the 8th Circuit in response to a GOP-led lawsuit…

Mark Cuban tells Elon Musk ‘your business, your decision’ after his suggestion that only certain users should pay the $8 verification fee was bluntly rejected

Twitter owner Elon Musk and entrepreneur Mark Cuban have exchanged words over Twitter. Getty Images Mark Cuban told Elon Musk that Twitter was “his business,” following an exchange between the pair. Cuban had suggested dropping the verification fee for the most accurate Community Notes contributors. Elon Musk replied to Cuban, saying: “$8 for all.” Elon…

The electric Hummer will have a $4,000 e-bike counterpart that’s just as outrageous

The GMC Hummer EV and its e-bike counterpart. Recon Power Bikes. Come December, you’ll be able to buy an e-bike inspired by the GMC Hummer EV pickup truck.  The GMC Hummer EV bike promises on-demand two-wheel drive and lots of power.  The $4,000 bike is just as over-the-top as GMC’s $108,700 pickup.  GMC launched the…

Stocks are in the process of bottoming and the Fed won’t raise rates as far as Powell suggested, market veteran Ed Yardeni says

Ed Yardeni on CNBC. CNBC screengrab Stocks are bottoming out, and the Fed could soon pause its aggressive rate hikes, market veteran Ed Yardeni said. Despite hawkish comments from Powell, Yardeni said he expects other Fed officials to push back on that stance. That could mean stocks are approaching a low, since investors have already…

Elon Musk is threatening to ‘thermonuclear name and shame’ advertisers that press pause on Twitter. It’s a dumb thing to do to your biggest customers.

Elon Musk, the owner of Twitter. Carina Johansen/Getty Images Elon Musk blamed advertisers for a “massive drop in revenue” at Twitter. He also threatened to “thermonuclear name and shame” advertisers who paused spending. Advertisers are, by far, Twitter’s biggest source of revenue. Threatening them is bad business. Before taking control of Twitter, Musk tweeted an…

Trump has reportedly told people he can’t leave his Twitter clone Truth Social because he’d risk torpedoing a company tied to his name

, Donald Trump (left) and a phone displaying his social media app, Truth Social. Brandon Bell/Christoph Dernbach/Getty Images Trump privately voiced why he feels he can’t leave Truth Social, the Washington Post reports. Leaving for Twitter would risk Truth Social failing, and it’s too closely associated with his brand, the Post reported. Trump has said…

Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain

Left to right: Nicole Otto, Anne Spangenberg, Pri Shumate, Ashley Comeaux VF Corporation; The North Face; Deckers Brands; Columbia; Allbirds; Rachel Mendelson/Insider Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. “What you learn at Nike isn’t taught in school,” Jana Panfilio, a 29-year Nike veteran, said. Nike insiders worry…

Voters in one of the most competitive House races in the country sound off on abortion, inflation, January 6, and 2024

Supporters of GOP congressional candidate Yesli Vega at a rally in Spotsylvania, VA on Saturday, Nov. 5. Eliza Relman/Insider One of this year’s most competitive House races is in Virginia’s 7th district, just southwest of DC.  Both Democratic and Republican voters told Insider abortion and the economy are their top issues.  Some GOP voters insisted…

The Rivian R1S is an impressive electric SUV meant for adventures

Rivian impressed car reviewers (and us) with its R1T pickup, and its R1S electric SUV is no different. The slightly smaller vehicle continues the automotive startup’s trend of building no-compromise electric vehicles meant for outdoor adventure. Living the life of an extreme camper, kayaker or cyclist doesn’t come cheap: The R1S has a bank-busting price…