The EU opened a formal antitrust investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
Turo is a peer-to-peer car-sharing firm that is often referred to as the Airbnb for cars.Technologyread more
Mortgage interest rates surged last week to their highest level in a month, and consequently homebuyers turned on their heels.Real Estateread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Democratic presidential hopeful Bernie Sanders has proposed wiping out all $1.6 trillion of outstanding student loan debt in the U.S., while rival Elizabeth Warren has called for canceling $640 billion of the debt.
Voters in blue states stand to have more debt forgiven under these plans than those in red states, according to an analysis by CNBC.
For example, the average student loan borrower in Maryland owes close to $40,000, compared with around $26,000 in North Dakota.
The data make sense considering blue states have "expensive colleges and workforces that are high skilled and highly credentialed," said Andrew Ross, director of American Studies at New York University and an expert on debt.
Still, Ross said, it can be people with smaller balances that are more negatively impacted overall by outstanding debt. For example, if a student never graduated college, s/he may have less debt than others but more repayment difficulties because the lack of a degree makes it a challenge to find a decent paying job.
College affordability is an issue everywhere in the country, said Mark Kantrowitz, a student loan expert. "All members of Congress are feeling pressure to do something about the student loan problem."
Indeed, a Politico/Morning Consult poll found that more than half of Americans say student debt is "a major problem" for the country.
Yet while Republicans and Democrats are in agreement that student debt has to be addressed, "Democrats have been far more willing to invest in college affordability and to offer students relief from existing debt burdens," said James Kvaal, president of the Institute for College Access & Success.
While the prospect of a debt jubilee is nowhere to be found in the Republican agenda, Ross said, "that's not to say it wouldn't appeal to GOP voters."