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The U.S. Department of Education said Friday it would delay involuntary collections of student loan debt by garnishing wages and seizing tax refunds.Processing ContentThe temporary delay will allow the Education Department to implement major student loan repayment reforms under the One Big Beautiful Bill Act to give borrowers more ways to repay their loans. The changes will include simplifying repayment options and providing another opportunity for borrowers to “rehabilitate” their federal student loans. Loan rehabilitation is a way to get a student loan out of default by making a certain number of consecutive, on-time payments to the loan holder under…

Many young people are worried that AI is muscling in on the entry-level job market.Dylan Field, the 34-year-old billionaire CEO of Figma, however, says AI gives young people an advantage in the hiring process.During a recent appearance on the “In Good Company” podcast, produced by Norges Bank Investment Management, Field said the effect of AI on hiring is a “critical” debate happening now in the software industry.”Does AI mean that you should hire senior people or middle-level, or junior, or are all the jobs going to go away because AI will replace them all?” Field asked. “I’ve heard that last…

2026-01-16T21:21:55.822Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads 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. California Gov. Gavin Newsom plans to call out President Donald Trump at the World Economic Forum. Newsom has been a vocal critic of Trump, who is also set to appear at Davos. Newsom’s office said he plans to defend California and advocate for “democratic capitalism.” California Gov. Gavin Newsom…

Netflix spent a lot of time arguing that the future of movies was watching them at home, not in theaters.Now Netflix wants to buy a movie studio that puts movies into theaters. So it’s started saying that watching movies in theaters is good, sometimes.That’s the messaging Netflix has been trying to make ever since it announced plans to buy Warner Bros. Discovery in December. But that messaging hasn’t been satisfying to some people who care a lot about the future of movies in theaters.Which is why Netflix co-CEO Ted Sarandos appeared in The New York Times on Friday, talking about…

Google cofounder Larry Page recently drew his line in the sand on a beach on the opposite side of California — and it cost him over $170 million.California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net worth is $269 billion as of January according to Forbes, isn’t giving California the option to tax him and is deserting the Golden State for a state on the opposite extreme of taxing the wealthy: Florida.The proposed bill, which doesn’t appear on the ballot until November, would retroactively tax billionaires…

This as-told-to essay is based on a conversation with Marissa Chiechi, 32, who relocated from Los Angeles to Alexandria, Virginia, in 2023. This conversation has been edited for length and clarity.In 2020, during the COVID-19 pandemic, I met my now-husband, Rejoy, on Bumble. I was born and raised in California. He’s originally from Texas, but at the time, he was in Redondo Beach on a contract assignment with NASA.Our first date was actually a double date. We had a socially distanced picnic in the park — very COVID. After that, we ended up texting constantly. With everything going on, we…

Netflix famously backtracked on its stance toward ads. Now, OpenAI is following suit.The AI pioneer announced that ads are coming to ChatGPT — less than two years after OpenAI CEO Sam Altman portrayed them as “a last resort.””Ads plus AI is sort of uniquely unsettling to me,” Altman said during an event at Harvard University in May 2024. “I kind of think of ads as a last resort for us for a business model.”Altman’s softened stance since then underlines the massive change OpenAI has undergone in the last two years, and the company’s embrace of advertising is a testament to…

The Big Money Show breaks down new IRS limits for 401(k)s and IRAs, giving savers more room to invest for retirement. Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans’ One Big Beautiful Bill Act (OBBBA) last year revised a number of tax policies, including some provisions that the IRS is implementing for the 2025 tax year, for which Americans will begin filing their tax returns beginning on Jan. 26.Among the new tax provisions that will impact seniors is a bonus deduction…

TikTok is making a fresh bet in one of the most promising new media categories: micro dramas.The company has rolled out a new stand-alone app in the US and Brazil, called PineDrama, dedicated to micro drama series. Micro dramas — also called “verticals” and “mini dramas” — are serialized shows that users watch in roughly one-minute clips.The most popular micro drama series often include romance or the supernatural, or both — think sordid love affairs with vampires or werewolves. PineDrama’s shows are no exception, with one series, “Love at First Bite,” garnering 18 million views. Its current top three trending…

This as-told-to essay is based on a conversation with Yesim Saydan, a branding and communication expert in her early 50s, based in the Netherlands. The following has been edited for length and clarity.When I’m stuck on a business decision or need to come up with a creative idea or strategy, brainstorming usually starts with my Steve Jobs custom GPT.My solo-consultancy business helps senior executives and established entrepreneurs grow their authority and influence through social media and brand strategies. But scaling that work on my own was challenging.Before AI, if I wanted to scale the number of clients I could take…