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Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty ImagesWhite House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as a means to address President Donald Trump’s affordability push.A week ago, Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.Now, Hassett, who is director of the National Economic…

Student-loan borrowers in default might not face smaller paychecks — yet.Education Sec. Linda McMahon told reporters at a visit to a Rhode Island school earlier this week that wage garnishment for defaulted student-loan borrowers has been put on pause.When asked by a reporter how the garnishment would impact borrowers, McMahon responded: “Well, actually, there is a pause.””We’ve now collected about $500 million,” McMahon said. “The next phase to go into a place was garnishment, and that’s been put on pause for a bit.”The Department of Education confirmed on Friday afternoon that, in addition to wage garnishments, the Treasury Offset Program…

The Association for Accounting Marketing is accepting nominations for its 2026 Marketer of the Year Award until Feb. 4.Processing ContentThe award, presented at the annual AAM Summit, is given to a senior marketing leader who has “delivered exceptional impact — helping their firm grow, elevating the profession, and pushing marketing forward through strategy, insight and innovation.”Nominees must have at least three years of experience in a senior marketing role within a public accounting firm. Self-nominations and peer nominations are encouraged from firms of all sizes. Nominators must submit this form. The recipient is chosen by a panel of judges using criteria…

A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, US, on Thursday, Jan. 15, 2026. George Frey | Bloomberg | Getty ImagesShares of Novo Nordisk rose more than 5% on Friday after early prescription data showed an encouraging start to the U.S. launch of the company’s new GLP-1 pill for obesity.In a Friday note, TD Cowen analysts called it a “solid start” for the first-ever weight loss pill, but said “one data point does not make a trend.” They cautioned that they need to see more data to fully assess what early demand is like…

2026-01-16T15:39:50.233Z 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. Walmart is promoting four execs under new CEO John Furner, who takes the reins in February. Among them is US e-commerce chief David Guggina, who will head up the US division, succeeding Furner. Furner said the moves show Walmart’s “culture of opportunity and the depth of our leadership bench.”…

Rhode Island Governor Dan McKee proposed a higher tax on millionaires to help fill a hole in the state’s budget and offset cuts to other levies that would benefit lower-income residents.Processing ContentMcKee is seeking to raise the state levy applied to incomes over $1 million to 8.99%, an increase of three percentage points, according to his budget proposal released Thursday. The threshold is higher than a similar proposal backed by labor leaders and other lawmakers in Rhode Island that called for a surtax on the top 1% of earners, or those with incomes of more than $640,000. McKee previously opposed a…

Single-family homes in a residential neighborhood in Miramar, Florida, Oct. 27, 2022.Joe Raedle | Getty Images News | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Private investment firms of ultra-rich families could inadvertently get caught in the crosshairs of President Donald Trump’s proposed ban on “large institutional investors” buying more single-family homes. While Trump’s announcement took aim at Wall Street landlords, and particularly private equity giants like Blackstone, Haynes Boone partner Vicki Odette told Inside…

Specialized AI talent can be hard to come by — and companies are jockeying to scoop them up.In the midst of an ongoing battle for elite talent, Cisco’s chief people officer says that AI and machine-learning operations positions are “really hard” to fill at the company.”The qualified pool is so small, and the demand is so high,” Jones said.Part of that is because “everyone” is currently hiring for those positions right now. She said that every forward-thinking organization needs AI in its products and also in its internal IT teams.Those jobs also require a “slightly different level of specialization,” she…

Goldman Sachs is acting like Goldman Sachs again.The Wall Street giant is coming off one of its best years on record, its share price is through the roof, and its executives are downright giddy over its swelling deal pipeline. Equity trading is booming, and dealmaking is thriving ahead of what could be one of the biggest years for IPOs of all time, big boons for Goldman’s bottom line.If the bank had lost its luster, CEO David Solomon seems to have gotten it back. Goldman is once again Wall Street’s top dog. It’s a swift comeback for a firm that some…

In July 2024, five years into my career, I made a drastic job switch that I would soon come to regret.Following about a year of disenchantment at my workplace, I left my job at a public relations agency to become a high school English teacher. I took a nearly 36% pay cut.I wasn’t concerned about my paycheck because I desired a more meaningful and impactful role. I soon found myself underprepared and overwhelmed by the switch, and I left my teaching role after my first semester.At first, I relied on my savings, my family’s support, and my meager earnings as…