Aarthi Swaminathan Reporter Aarthi Swaminathan is former reporter with Yahoo Finance in New York covering higher education, student loans, and consumer protection. Most Recent Who is Bernard Arnault? The 'wolf in cashmere' passes Elon Musk as world’s richest person Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. 'The value of education has to be redefined,' Chegg CEO says Higher education has taken a beating over the last two years of the coronavirus pandemic, including a decline in student enrollment and concerns over college affordability. Nonprofit funds a way for high schoolers to skip a year of college Pursuing a college education can be an expensive ordeal, but one big nonprofit is hoping to address the issue of affordability by helping high school students gain college credits at very low costs even before they graduate. BNPL transaction value reached $120 billion in 2021: GlobalData The buy now, pay later (BNPL) industry reached a new milestone with the amount spent on its services in 2021, according to a new report from GlobalData. 3 factors holding back IPOs right now, according to NYSE's vice chair New York Stock Exchange (NYSE) Vice Chairman and Chief Commercial Officer John Tuttle spoke with Yahoo Finance's Brian Sozzi at the World Economic Forum in Davos, Switzerland. Student loans: Advocates sue Biden administration over delays for defrauded students Student loan reform advocates are suing the Biden-era Education Department (ED) over the slow-moving debt relief process for students who had been defrauded by a defunct for-profit college. Baby formula shortage: Two big reasons why more women aren't breastfeeding Amid the national furor over the baby formula shortage, some commentators have questioned why more mothers aren't breastfeeding their babies. Affirm CFO amid stock slump: ‘I wouldn’t bet against the American consumer’ An exec of one consumer startup whose stock was hit particularly hard by recession concerns says he’s not giving in to the doom and gloom just yet. Historian Niall Ferguson details 'Cold War II' — which 'began some time ago' The world is currently embroiled in "Cold War II" — and has been for a while — and the path ahead is lined with the geopolitics of nuclear weapons, says one historian. Student loan forgiveness: McConnell decries 'student loan socialism' as Biden mulls move As President Joe Biden mulls enacting some student loan forgiveness, Senate Minority Leader Mitch McConnell (R-KY) blasted him for even considering such a move. Student loan forgiveness: What income caps would mean for any Biden move How many borrowers will be affected by such a move, and what's the cost of student loan forgiveness? International airlines are scrambling to restore routes amid travel demand boom International travel is back with a vengeance, and operators are cashing in on years of pent-up demand. Student loan forgiveness: New analysis highlights who cancellation would help most Student loan forgiveness would significantly help Black borrowers and reduce racial inequality, according to a new analysis. 'A slap in the face': Some Americans are mad over potential student loan forgiveness Joy, anger, and confusion as the president gets closer to cancelling student loan debt for millions of Americans. 'Feeling under-appreciated': New report reveals startlingly low pay for teachers amid pandemic A new report by the nation's top teachers union revealed that despite a chaotic two years of teaching remotely and in-person during the pandemic, teachers' pay has barely kept up. Student loan forgiveness is 'good policy' and 'also good politics,' Rep. Pressley says Congresswoman Ayanna Pressley (D-MA) says the president's change of heart on canceling student loan debt is a good move. How one Utah resident skipped college, took on a high-stakes student loan, and succeeded When John Isom turned down an offer to go to the University of Utah to study computer science through an online program, he was well aware of the costs and benefits of forgoing a traditional route. Student loan forgiveness is 'up to the White House,' Federal Student Aid COO says As President Joe Biden moves closer to canceling some student loan debt, the top federal student loan official said that any forgiveness by the president would be additive to other reforms taking place. Buffett's advice for beating inflation: 'Be exceptionally good at something' Invest in yourself to reap rewards even when inflation bites, Berkshire Hathaway (BRK-A, BRK-B) CEO and Chairman Warren Buffett told a shareholder at Saturday's annual meeting. Buffett on market timing: 'We haven't the faintest idea' The Oracle of Omaha didn't become the billionaire he is today because he timed the market.