Wealth

Yale University has rescinded the admission of a student linked to the national college admissions scandal that implicated 50 people, including celebrities, coaches and administrators, in paying and accepting bribes to get students into elite colleges. Thomas Conroy, Yale University spokesman, told CNBC the university “has rescinded the admission of one student as a result
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Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
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The University of Southern California has blocked students who were linked to the admissions scandal from registering for classes and getting their transcripts. Among the students enrolled in USC are the daughters of “Full House” actress Lori Loughlin and her husband, designer Mossimo Giannulli, whom federal prosecutors charged with paying $500,000 in bribes to get
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The far-left policy proposals from freshman firebrand Rep. Alexandria Ocasio-Cortez and some of the candidates seeking the 2020 Democratic presidential nomination are wrong for America, former House Majority Leader Eric Cantor told CNBC on Friday. “I worry as an American about the direction of one of our two major parties going toward socialist,” said Cantor,
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Federal prosecutors charged dozens of people on Tuesday in a giant college entrance scandal in which wealthy parents, including some high-profile actresses and a slew of business executives, paid bribes and worked with cooperating witnesses to get their children into top colleges across the U.S. The sprawling investigation made airwaves across the country, as people
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Two high-profile actresses and a slew of business executives, including a former head of Pimco and a founder of Hercules Capital, were among more than 40 people charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges, law enforcement officials said Tuesday. Suspects allegedly paid bribes to sports
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Sam Zell, the billionaire businessman and philanthropist, believes the wealth redistribution ideas of far-left Democrats, such as freshman firebrand Rep. Alexandria Ocasio-Cortez, won’t work because Americans would rather earn success than get handouts. “Everyone in America wants to be rich. Everybody in America wants to succeed,” Zell told CNBC on Wednesday. “That’s, by the way,
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