/Business/ Last Updated: Wed, Jul 6th, 2022 @ 12:40pm EDT

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4 student-loan forgiveness programs might become easier to qualify for. Here's what you need to know.

College students.

Mark Chilton/Getty Images

Biden's Education Department released proposals to improve student-loan forgiveness programs. If approved, the changes will go into effect no later than July 1, 2023. Here's what you need to know about the suggested reforms.

The student-loan industry is on track for major reforms.

On Wednesday, President Joe Biden's Education Department released a list of proposed improvements to four major student-loan forgiveness programs. From easing access to...

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What recession? The Great Resignation rages on with 4.3 million Americans quitting in May amid a still-hot job market

4.3 million American workers quit in May, according to Wednesday's data release from the Bureau of Labor Statistics.

skynesher/Getty Images

Americans are still quitting at a high level even though fears of a recession loom. 4.3 million Americans quit in May, according to Wednesday's data release. Indeed's Nick Bunker said workers and employers don't seem to think there's a recession.

Even as Americans brace for an economic slowdown, they're still job hopping like it's 2021.

In May, 4.3 million...

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Crypto firm Voyager Digital files for bankruptcy amid large loan loss and contagion in the digital asset market

Fernando Gutierrez-Juarez/picture alliance via Getty Images

Crypto lender Voyager Digital filed for Chapter 11 bankruptcy protection on Tuesday.  Voyager said it has been hurt by "prolonged volatility and contagion" in the crypto markets. The company also cited the failure of hedge fund Three Arrows to repay a loan as a reason it filed for protection. 

Voyager Digital filed for bankruptcy protection on Tuesday as the crypto platform navigates through a meltdown in prices in the...

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How researcher Ravin Jesuthasan helps businesses innovate by putting work before technology

BI Graphics

Ravin Jesuthasan, the global leader for transformation services at Mercer, a consulting firm.

Ravin Jesuthasan

Ravin Jesuthasan leads transformation services at Mercer and writes books on the future of work. The foundation of innovation is leading with the work, not the technology, according to Jesuthasan. This article is part of Innovation Leaders, a series examining how business leaders view their role in driving tech innovation.

The future of work has become an all-encompassing...

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Cabinet ministers gather to pressure Boris Johnson to quit as prime minister, sources say

Boris Johnson during a visit to Kigali, Rwanda, this week

Dan Kitwood/Getty Images

Cabinet ministers gathered Wednesday to tell Boris Johnson to quit, Insider's sources said. Simon Hart and Brandon Lewis were among those going into Downing Street, per the sources. But a defiant Johnson hinted he would call a snap election if people become "crazy".

A delegation of Cabinet ministers went to Downing Street to tell Boris Johnson he has to stand down, two sources told Insider, after more than 35...

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Norwegian Cruise Line says it will drop its pre-travel Covid testing requirement, but passengers in the US will still have to get tested

Joey Hadden/Insider

Norwegian Cruise Line is the first major cruise line to announce that it's dropping its pre-travel Covid-19 testing requirement. The change doesn't affect people traveling from the US, where local regulations still require testing.  Carnival and Royal Caribbean didn't immediately say whether they will also ease testing requirements.  

Norwegian Cruise Line is the first major cruise company to drop its policy requiring a negative Covid-19 test before passengers can set...

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Travelers are renting hybrid and electric vehicles to avoid high gas prices, but those savings could be offset by premiums for energy-efficient cars

If you already have auto insurance, you may not need rental car insurance.

DjelicS/Getty Images

Between rising airfares and hotel costs summer travelers are looking to save wherever they can. For some that means choosing a more fuel-efficient rental car — or going electric altogether. The amount of savings ultimately depends on how much driving is on the itinerary.

When Jennifer Lewis was planning a road trip with her family from Florida to New Jersey, she told the Wall Street Journal she...

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Don't expect home prices to crash during the next recession the way they typically do in a downturn

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Each recession behaves differently, so don't expect a repeat of the mid-2000s when housing prices crashed.

Getty Images

Experts predict a recession could hit the US in 2023. During the previous two recessions, home prices declined rapidly. But each recession behaves differently, so don't expect a repeat of the mid-2000s.

What goes up must come down — even if it takes a while.  

The Federal Reserve's attempts to cool inflation have yet to bring the economy to equilibrium. As it approaches a...

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The future of NFTs, according to top crypto VCs and Web3 founders

Kazi Awal/Insider

Andrew Steinwold, founder of NFT investment firm Sfermion

Sfermion

As crypto markets tumble, many NFT collections have seen their values plunge as well.

The managing partner of an NFT investment firm explains why gaming will onboard more users. This article is part of "Master Your Crypto", a series from Insider helping investors improve their skills in and knowledge of cryptocurrency.   

NFTs, or non-fungible tokens, felt like all the rage last year, with celebrities from...

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I loved being a virtual assistant so much that I started my own franchise for others. Here's how I did it.

Rebecca Newenham.

Get Ahead

Rebecca Newenham, 50, didn't want to return to the corporate world and became a virtual assistant. She expanded and now has 50 virtual assistants in Britain and Spain. This is how she grew her business into a franchise, as told to Claire Turrell.

This as-told-to essay is based on a transcribed conversation with Rebecca Newenham, the founder of the virtual-assistant franchise Get Ahead. It has been edited for length and clarity.

In 2010, after an eight-year career...

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New GOP Rep. Mayra Flores refused four times to say whether Biden is the legitimately-elected president

Rep. Mayra Flores, a Republican from Texas

Bill Clark/CQ-Roll Call, Inc via Getty Images

Republican Rep. Mayra Flores repeatedly refused to say whether Biden is the legitimately-elected president. The New York Times reported that Flores was offered four opportunities to state the obvious. Some Republicans still refuse to accept the 2020 election as legitimate. 

Republican Rep. Mayra Flores repeatedly refused to say that President Joe Biden was in fact the legitimately-elected president of the...

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Boris Johnson told to quit by senior ministers Michael Gove and Chris Heaton-Harris

Boris Johnson.

Getty/Christopher Furlong

Boris Johnson has been told to quit by two senior ministers, amid a wave of resignations, sources say. One resignation letter was signed by five ministers, including rising stars and Johnson allies. Michael Gove, the levelling up secretary, and chief whip Chris Heaton-Harris have given the "brutal" message.

UK Prime Minister Boris Johnson has been told he should quit by two senior ministers, following the resignations of multiple members of his...

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Zelenskyy awards Amazon the Ukraine peace prize after AWS helped save its 'digital infrastructure'

Amazon received the Ukraine Peace Prize for its support during the Russia-Ukraine war.

Icon Sportswire

President Volodymyr Zelenskyy has awarded Amazon Web Services with the Ukraine peace prize. Amazon received the prize for its support of Ukraine's digital infrastructure since the war began. Google and Microsoft have also been awarded the peace prize for their support of Ukraine.

President Volodymyr Zelenskyy has awarded Amazon the Ukraine peace prize for its support of Ukraine during the...

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China isn't interested in ramping up fuel exports amid global energy crunch as Beijing calls for 40% lower quotas for refiners

Xie Huanchi/Xinhua via Getty Images

China lowered the fuel export quota by 40% for its refiners compared to the same time last year, Bloomberg reports.  China has issued 22.5 million tons of fuel exports for 2022, down from around 37 million tons in 2021 for the same period. The move suggests Beijing isn't interested in ramping up fuel exports even amid a global energy crunch. 

China lowered the fuel export quota by 40% for its refiners compared to the same time last year, Bloomberg...

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I own a third-generation fish and chip shop in England. Inflation is killing small businesses like mine.

Stratis Michael, a third-generation fish and chip owner, stands with his son, wife, and staff in front of their Leeds-based shop.

Stratis Michael

Stratis Michael, 52, grew up in an apartment above his father's fish and chip restaurant in the UK.  Now battling rising costs in his own fish and chip shop, Michael worries for local shops like his. Michael shares how inflation's impacted this iconic British industry, as told to Matthew Jenkin. 

This is an as-told-to essay based on a conversation...

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Warren Buffett's Berkshire Hathaway is so big that it's sparking conflicts of interest — as judges who own its stock don't always realize when a case involves a subsidiary

Warren Buffett.

Paul Morigi / Stringer / Getty Images

Warren Buffett's Berkshire Hathaway is so large it's causing headaches for federal judges. Judges who own Berkshire's stock don't always realize one of its subsidiaries is in their court. A federal judge described it as a "thorny" problem and a "conflict nightmare."

Warren Buffett has acquired scores of businesses across dozens of industries during the nearly six decades he's been running Berkshire Hathaway.

The vast scale of the investor's...

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Hundreds of frogs died while mating in an ancient swamp 45 million years ago, new study suggests

Well-preserved skeleton of a frog from the Geiseltal region, in Germany. The frog likely died while mating in an ancient swamp.

D. Falk

Scientists analyzed hundreds of frog fossils in Germany, at one of the world's richest fossil beds. Researchers concluded the frogs were likely killed while mating, solving a decades-long mystery. The watery death trap contains remains of 50,000 birds, horses, bats, fish, and frogs. 

The fate of hundreds of frogs that died 45 million years ago in an ancient...

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The stock market is gearing up for a strong recovery in the 2nd half as 'transitory' inflation begins to cool, Fundstrat says

Cindy Ord/Getty Images

The stock market is poised for a strong second-half recovery as inflation proves to be transitory, according to Fundstrat's Tom Lee.Lee highlighted falling commodity prices and a decline in home sales as reasons why recent inflation is more temporary than structural."Can inflation accelerate if inflation expectations and inflation leading indicators are tanking?" Fundstrat's Tom Lee asked.

Concerns of elevated inflation will likely abate over the coming months as surging...

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TikToker breaks down the total cost of her 54-hour drive from Minnesota to Colorado as record gas prices threaten the summer road trip

TikTok / @travel.w.lex

High gas prices have some Americans reconsidering their summer road trip plans.  In a viral TikTok, Lexi Laube recorded the cost of her 54-hour road trip from Minneapolis to Colorado. She told Insider she balanced out her $750 gas bill by carpooling, camping, and packing groceries.

Record-breaking gas prices across the US haven't killed the summer road trip. At least not for 22-year-old Lexi Laube, a part-time barista and content creator from Minneapolis. 

While...

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US stocks edge higher ahead of release of Fed meeting minutes

Federal Reserve Chair Jerome Powell.

Win McNamee/Getty Images

US stocks rose slightly on Wednesday before the Federal Reserve released minutes from its June meeting.  Investors "remain on high alert" following a late-stage rebound in the previous session, said Interactive Investor.  Minutes from the Fed's June meeting that featured a rate hike of 75 basis points were due at 2 p.m. Eastern. 

US stocks edged higher Wednesday as investors prepared to sift through minutes from the Federal...

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