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Some student-loan borrowers in public service might lose access to debt relief.On Thursday, President Donald Trump’s Department of Education announced that it had finalized its rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.Following an executive order in March that called on the Department of Education to redefine “public service” to align with the administration’s political views, the department held negotiations with stakeholders to craft the final rule. It will go into effect on July 1, 2026.”Taxpayer funds should never directly or indirectly subsidize illegal…

Good morning! Moving to a new city is hard enough, let alone with a couple of young kids. But a stay-at-home mom told BI her children were the key to making friends in a Houston suburb. It’s the final story in a BI series that followed three people for a year to understand the realities of relocating your life.You can also read about a woman who was paid to move from Los Angeles to Georgia and a couple who changed coasts when one of them got into Harvard.In today’s big story, Amazon’s massive layoffs have people nervous about widespread culling…

About an hour later, at 6 a.m., I returned to my apartment, took a quick shower, got ready for work, and then began making Martha’s breakfast, including her signature green juice, which she drinks every day.Not having a juicer or a juice extractor, I opted to blend all the ingredients instead. These included:• Spinach• Celery, with the leaves• Cucumber• Parsley• Ginger• Half an orange, with the rindRather than following a recipe with specific measurements — which Stewart does not give — I put as much of each ingredient as I could in my small blender.I then filtered that mixture, which…

Donald Trump and Xi Jinping just hit reset on the world’s most important economic relationship.The two leaders met Thursday in Busan, South Korea, for their first in-person talks since 2019 — a long-awaited summit that signaled a thaw after years of tariff wars, tech tensions, and pandemic-era isolation.Both sides emerged projecting warmth and progress.Trump said it was a “truly great meeting,” while China’s Foreign Ministry said the two countries should remain “partners and friends.”Beneath the diplomatic niceties, three clear business signals stood out.1. A tariff truce — and a modest cut — offer markets breathing roomTrump told reporters the US…

Eli Lilly on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year outlook, as the company continued to see strong demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro.Shares of the company rose more than 3% on Thursday.The pharmaceutical giant now expects its fiscal 2025 revenue to come in between $63 billion and $63.5 billion, up from previous guidance of $60 to $62 billion. Eli Lilly also expects full-year adjusted profit to come in between $23 and $23.70 per share, rising from its previous outlook of $21.75 to $23 a share.Eli Lilly said…

Merck on Thursday reported third-quarter earnings and revenue that topped estimates as it saw strong demand for its cancer immunotherapy Keytruda. The drugmaker also narrowed its full-year profit outlook to reflect lower estimated tariff costs, among other factors.Sales of Keytruda topped $8 billion for the first time in a quarter, rising 10% from the same period a year ago. Revenue from the drug of $8.14 billion came in just slightly under the $8.24 billion analysts were expecting, according to StreetAccount estimates. The results come as Merck slashes $3 billion in costs by the end of 2027, and prepares to offset revenue…

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons.Combined, the two divisions account for roughly 70% of the company’s earnings, according to CEO Josh Kobza.Shares of Restaurant Brands rose 3% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.03 adjusted vs. $1 expectedRevenue: $2.45 billion vs.…

Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed to grow its broadband customer base. Earlier this year the company outlined initiatives meant to drive broadband growth — the cornerstone of Comcast’s business — as it has faced fraught competition from alternative providers, namely 5G companies. The company, soon to be led by co-CEOs Brian Roberts…

Brian Roberts, Chairman and CEO of Comcast, attends the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 9th, 2025. David A. Grogan | CNBCComcast reported earnings Thursday, and it could shed light on how executives view regulators’ attitude toward a potential NBCUniversal-Warner Bros. Discovery merger.Warner Bros. Discovery, the owner of TNT Sports, CNN, HBO, Warner Bros. studio and other media assets, officially put itself up for sale after “receiving interest from multiple parties,” WBD CEO David Zaslav said in a statement last week. CNBC reported Comcast is among the interested parties.Several pundits and analysts…

Workers have been begging for the Great Freeze to thaw — but not this way.With hiring largely frozen in the US, any uptick in firings could set off alarm bells. Just this week, Amazon slashed 14,000 jobs; Paramount laid off about 1,000; and UPS announced it’s shrunk by thousands more than expected this year.It’s still a drop in the bucket — in terms of both Amazon’s overall head count and the broader economy — and there’s no guarantee that a wave of companies will follow suit. The overall labor market has been averaging 1.7 million layoffs a month, and we’re…