Business News
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College athletes are now eligible for big time payments. Will nonprofits benefit?
The 2021 Supreme Court decision allowing college athletes to earn from endorsements led to hopes that charities would benefit
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Cash-hungry college sports programs are starting nonprofits to make money to stay competitive
To compete in the increasingly commercialized world of college sports, a growing number of universities are turning to nonprofits, limited liability companies and other “associated entities” to generate more revenue
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The average rate on a 30-year mortgage fell to 6.65% this week, Freddie Mac says, its second straight decline
The average rate on a 30-year mortgage fell to 6.65% this week, Freddie Mac says, its second straight decline
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Alibaba quarterly profit drops 75% as AI investment spending grows
China's Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure
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Walmart is cautious with expectations after slowest sales growth in 6 years
Walmart reported its slowest growth in U.S. comparable sales in six years during its most recent quarter, and it offered a reserved upgraded outlook
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Takeaways from a story on the US, Australia and others turning to Brazil for rare earth minerals
Brazil is becoming a key player in the rare earth minerals market
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Meta defends its child safety efforts but critics say the social media giant falls short
Meta is defending itself in a California federal court against allegations that its social media business poses harms to children and teenagers
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US agency under scrutiny after watchdog warns of forced labor in Dominican Republic
U.S. Customs and Border Protection faces criticism after a watchdog group warns that forced labor persists on sugarcane fields in the Dominican Republic
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US unemployment claims dropped to 206,000 last week with layoffs still sparse
Fewer people applied for U.S. unemployment benefits last week, another sign that layoffs remain low and that most Americans enjoy job security
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Pirates hijack cargo ship carrying Turkish weapons off Somalia's coast, official says
A Somali official says that pirates hijacked a Cameroonian-flagged cargo ship off Somalia's Puntland coast earlier this week and took its 10-member crew and cargo toward the region’s Nugaal coast
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