The end of the iPod Classic
Raymond James CEO on 4Q earnings
Leader in the cloud
Fed?s big QE finale
Live sports could be the ticket to keeping cable alive
Rupert Murdoch?s big bets
For-profit colleges will have to limit how much debt students amass in career-training programs or have their federal funding cut, according to rules issued Thursday by the Obama administration.
The rules are the culmination of years of contentious debates over the responsibility for-profit colleges have to ensure that graduates of career programs receive ?gainful employment.? While the restrictions could place 1,400 programs in jeopardy of losing federal student aid, critics say the rules still leave room for schools to abuse the system.Read full article >>
The Federal Reserve closed a chapter in its long-running stimulus campaign on Wednesday and pivoted to the even bigger challenge of deciding when to raise interest rates after six years of easy money.
The central bank slashed its benchmark interest rate to zero when the nation was in the grips of the financial crisis in 2008 and has kept it there ever since. The move has helped keep interest rates low on a wide range of loans - from mortgages to corporate borrowing ? helping push the economy out of recession and into a strengthening recovery.Read full article >>
Two years and $1.7 trillion later, the Fed's latest round of bond-buying, or QE3, is officially over. What did it get us?
Well, the best answer is what it didn't get us: a recession in 2013. Now the words "fiscal cliff," "sequester," and "debt ceiling" might be hazy memories from a time when Congress was doing its most to sabotage the recovery, so here's a refresher. Between higher income taxes on the rich, higher payroll taxes on the rest, and significant spending cuts, there's been an awful lot of austerity the last few years. Enough that the economy should have slowed down quite a bit. Indeed, the nonpartisan Congressional Budget Office estimated that all this fiscal tightening would subtract something like 1.5 percentage points from growth through the end of this year.Read full article >>