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Mortgage rule changes are expanding insured market activity, insurers say




Mortgage insurers say recent federal policy changes are giving first-time buyers more purchasing power, even as broader housing market conditions remain uneven.

Ultimate College Internship Guide


Employers increasingly expect real-world experience before they hire. In many industries, internships are the primary pipeline for full-time offers. Students who complete internships graduate with stronger resumes, clearer career direction, and often higher starting salaries.

But here’s the challenge: competition for top internships is fierce — and the best opportunities fill months in advance.

This guide walks you step-by-step through:

  • When to start applying
  • Where to find quality internships
  • How to build a resume (even with little experience)
  • How to ace the interview
  • And how to turn your internship into a job offer

Whether you’re a freshman just getting started or a junior preparing for recruiting season, this is your complete college internship roadmap.

They also look great on resumes for new graduates, and many do pay, so you can have some spending money. Finally, it can be a good way to start building your professional network and making industry connections for after graduation.

If you’re thinking about getting an internship this summer, here is your guide to nailing the process!

Table of Contents

Start With Research
Companies
College Departments
Talk To Your Favorite Professors
Parents And Family Friends
Career Services And Alumni Networks
Career Fairs
Applying For Internships
Interview Like A Pro
Dress Appropriately
Arrive Early, But Not Too Early
Be Mindful Of Your Mannerisms
Ask Questions
Follow Up After The Interview

Start With Research

At the heart of any internship is the research that you personally put in to making sure that it is a fit with your goals. Some people choose internships to test the waters of various industries (that’s what I did for my first two summers). I found that my desired industry really wasn’t all it was cracked up to be. Others want an internship to get their foot in the door – this is almost a necessity in some industries like finance and accounting.

The bottom line is that you need to know exactly what you want to get out of the internship.

Companies

After you know what you want, you need to look at what companies have to offer for internships. Some companies have very structured intern programs that are designed to accomplish different tasks: get an overview of the company, learn industry specific skills, or more. However, some companies have no structured programs and the interns end up being glorified assistants and get nothing out of it. Do you research, see what is available at each company, and begin making a list of where you may be interested in interning.

College Departments

If you’re looking for something in your field, your college department’s office is a good place to get some information. This is especially true for the liberal arts majors and science majors. Many departments can pair you up with individuals or firms doing specific research, and they usually have a tally of businesses in their field that want or need interns.

Talk To Your Favorite Professors

Your professor can also be an excellent source of information when it comes to internships. Many professors, especially in science and engineering fields, maintain close industry contacts and may be able to point you in the right direction. Plus, many professors have also heard reviews from students on past internship experiences, and so they can be an excellent resource when it comes to what different companies have to offer.

Parents And Family Friends

Don’t neglect your personal network when deciding on an internship either. Your parents or their friends may be working for local companies and have insights into whether they have internship programs and what to expect at their firm. This insider knowledge can be useful for making a decision.

Career Services And Alumni Networks

Most colleges and universities have great career services departments that specialize in internships. Make sure that you stop by, as most compile a comprehensive list of internships available. Also, most career services offices leverage their school’s alumni network, so you have a better shot of at least getting an interview by making a connection through the college or university.

Career Fairs

Finally, once you have a list of companies you may be interested in, make sure that you stop by their booths at the next career fair. This is a great time to make a first impression, get to know who you may be working with, and ask relevant questions about the company and the internship program. You can usually see right away if the company will be a fit for you or not just by that initial first interaction.

Applying For Internships

Now that you’ve done your homework, it’s time to apply for internships. Remember, how you act during the entire process is being judged. Don’t think the receptionist isn’t going to share how polite (or rude) you were on the phone, or the HR person who schedules your interview won’t discuss your problems with scheduling.

With that in mind, here’s what to think about when applying.  

  • Highlight previous experiences – In preparing your resume and writing your cover letter, don’t worry if you don’t have experience. If you have been alive for the last 2 decades or so, you have some kind of experience that is applicable to the position you are applying for. Worked as a lifeguard for an amusement park ? That takes leadership skills and a careful eye. Worked at your local fast food joint ? You have experience operating Point-of-Sale systems. Be proud of those experiences and look for unique ways to communicate and highlight the essential skills you learned from working those jobs.
  • Don’t be shy about your passions – If you are especially passionate about a particular company because you have used their products and services for years, don’t be ashamed of it. Use that. If your passions have to do with a social initiative, let that shine through as well.If you have volunteered for those social initiatives, make sure to include them on your resume.
  • Be clear on the job requirements and study up – It is tempting to “mass apply” to jobs with the same resume and cover letter and hope that something will stick. If you are seriously trying to score that internship however, this is not the path to follow.

It will take some work, but take your time to get very clear on what the job/internship description is asking for. Study up on what kind of person they are looking for to fill the position. Research the company itself and read reviews on websites like Indeed to get a feel for the company culture and values so that you can incorporate that in the language you use on your application materials 

  • Use templates as a guide…but with caution – You can use templates as a guide for your resume and your cover letters. But you have to remember that there are thousands of college students just like you who will also be looking for internships this year and most likely will be using those same templates. So take a look at templates to give you a sense of what should go where but don’t simply copy and paste your information into template slots.
  • Stand Out – As mentioned above, there are hundreds if not thousands of applicants for the very position you are applying for. Standing out, therefore is a must. Here are a few ways to stand out.
  • Create a personal portfolio online – Creating a personal website has never been easier. You can easily create a personal website/portfolio. You can then add in links to things you have created – videos, podcasts, books etc – , testimonials and even an introductory video to who you are.
  • Create a mini-dossier of solutions you can bring to the company – If you do a great job of researching the company, you may have noticed 1 or 2 problems you can help with off the bat. Before your interview prepare a mini-presentation of solutions (1-2 pages will more than suffice) you can bring to the company if they hire you. You can share that when you send your application in or when you go to interview. Doing this will show that you are self-motivated and an independent thinker; a soft skill 66% of job recruiters reported finding desirable in people they wanted to hire.
  • Start a Youtube Channel demonstrating your skills – Getting started with video to demonstrate the skills you want to be hired for is as easy as using a good smartphone camera and great lighting.Visual content, including video is reported to be processed 60,000 times faster that written content. Using video is therefore a strategic move that will help you stand out. 

Interview Like A Pro

Finally, it’s interview day. You’ve already put a lot of work to get this far, so it’s time to get your game face on. I like to think of getting to an interview as “its a yours to lose situation”. Meaning, the recruiters have already chosen your application and generally have a feeling they may like you. It’s now your job to prove it, and they are basically looking for ways for you to screw it up. So don’t screw it up, and don’t give them a reason to not hire you.

Dress Appropriately

The first step is dressing appropriately. This means understanding the culture of the company you are apply to, and always dressing just one notch above. For most men, this means suit and ties. For women, this means pant suits or workplace appropriate dresses.

No matter how “casual” a company may sound or look, they want you to look professional when you interview.

Arrive Early, But Not Too Early

Never be late to an interview, ever. Never be on time to an interview, as that is considered being late. You should plan on arriving to the interview between 5 and 10 minutes early. Many companies may require some last minute forms to be filled out, and this buffer allows for that and then for the interview to proceed on time. However, don’t be extremely early, as that can lead to awkwardness while you wait for your interview.

A good rule of thumb is to arrive in the area of the interview 30 minutes early, and either wait in your car or a local coffee shop. Then, you can actually enter the office for the interview at 10 minutes prior, to allow for good timing. You never want to let something like traffic be the cause of tardiness, so make sure you are planning ahead. Maybe even drive the route the day before if you’ve never been to the company’s facility before.

Be Mindful Of Your Mannerisms

Body language communicates a lot about us even more than our words. The common advice to stand up straight, having an open body versus a closed uninviting one, smiling ,and giving firm handshakes all apply.

It’s also important to be authentic. If you chew gum loudly in private, this is not the place to show that kind of authenticity. It is however important to simply relax and go with the natural flow of things. If it helps, just remember that your interviewer is a human being too.

Ask Questions

If there was something about the company or job description you were not clear about when applying, ask your interviewer to clarify. Even during the interview if you are having trouble understanding the questions, ask for clarification so you can give the best answer. It is always better to be clear on what is being asked than to assume and give the wrong answer.

Finally, get the contact information for everyone you meet. Some companies make it easy and have them all at the reception desk, but other times you will need to get the business cards after the interview. It is polite to ask for their card, especially at conclusion of the main interview, typically when they ask “do you have any questions for me?”. Don’t lead with this question, but feel free to end with it if you haven’t received their card.

Follow Up After The Interview

The follow up to an interview is extremely important as well. Within 24 hours, you need to ensure that you’ve sent a thank you note to everyone you’ve met. Depending on the company culture, this should be handwritten and mailed. If there are two highly qualified candidates, and one writes a thank you note and the other doesn’t, chances are that last gesture can get you the internship. Beyond that, it is just polite.

Once you land the internship, the first day is no different than any other part of the process. You should think of your internship as an extended job interview. Many companies utilize their internship programs to assess future talent, and it is common practice to even offer great interns jobs upon completion of the internship. That means you need to dress well everyday, and act professional at all times. Whether you think you are or not, you are being judged by management at all times.

Editor: Clint Proctor

Reviewed by: Claire Tak

The post Ultimate College Internship Guide appeared first on The College Investor.

JP Morgan Chase CEO Wants Stablecoin Rewards On Transactions, Not Balances


Jamie Dimon, the CEO and Chairman of JPMorgan Chase (NYSE:JPM), wants stablecoin issuers to offer rewards on payments, not on balances, according to an interview this week with CNBC. Banks kindof already do this with credit cards.

The ongoing debate over whether stablecoin holders should earn interest on these digital assets continues as the details of crypto market infrastructure legislation are hashed out. The banks, fearful of competition, do not want stablecoin issuers to pay interest to holders of payment stablecoin. They fear this because many banks currently pay little or nothing to individuals who hold deposits. They hold cheap and lend high. It is a good business. If banks face competition for deposits, this may mean they need to improve their service to depositors. Of course, this may make legacy banks less profitable, but it would certainly make the masses happy.

Speaking with CNBC, Dimon says that if you hold a balance, you should be regulated as a bank. Apparently, he does not want a level playing field on the other side where JPM offers stablecoins and pays interest to holders.

Under the GENIUS Act, payment stablecoin issuers must hold 1-to-1 reserves in low-risk/risk-free assets. This means US Treasuries and similar. As Treasuries generate interest, stablecoin issuers could share this with users instead of keeping it all to themselves. Dimon says if you want to become a bank, then become a bank and do what you want. Meanwhile, a growing number of digital asset firms are doing just that.

In the end, policymakers should support the little guy – consumers. Legacy banks can adapt and compete with the same rules as crypto firms. Legacy banks have been good at creating regulatory moats to protect their business, but innovation will inevitably reduce this competitive edge. If you can’t beat them, join them.

 

 

 



Sony Music sued by Lit, the band behind pop-punk hit ‘My Own Worst Enemy,’ over alleged unpaid streaming royalties


Lit — the rock band best known for their 1999 hit My Own Worst Enemy — are suing Sony Music Entertainment (SME) for alleged breach of contract, claiming the major has underpaid them over USD $800,000 in streaming royalties.

The complaint, filed March 2 in the Southern District of New York, was brought by band members Jeremy Popoff, Alan “Ajay” Popoff, Kevin Baldes, and the Allen Shellenberger Living Trust, the estate of the band’s late drummer.

According to the filing, obtained by MBW, and which you can read in full here, the four originally signed their exclusive recording agreement with RCA Records – now part of Sony Music – in October 1998.

The central allegation: Sony has been paying Lit’s audio streaming royalties at a flat 14% rate, when their contract actually requires those royalties to be calculated on a “Net Receipts” basis — typically a far more favorable formula for artists, since it’s pegged to the revenue the label actually collects from DSPs.

The band claim their deal explicitly distinguishes between digital downloads and streams, with the latter treated more like a master use or sync license — triggering the net receipts calculation. Sony, they allege, has ignored that distinction for years.

The complaint alleges that Sony carried out these breaches “with full knowledge of the vast number of similarly situated artists materially impacted by Defendant’s intentional breaches of its own contractual language”.

The lawsuit also raises two further allegations. The band allege Sony also applied the wrong formula to video streaming royalties, paying roughly 17% instead of a rate based on 50% of net receipts.

And they claim Sony never applied the escalated royalty rates their deal calls for once their album A Place in the Sun crossed gold and platinum sales thresholds — bumps that should have taken their rate from 14% up to 15%.



My Own Worst Enemy has racked up over 500 million streams on Spotify alone, according to the complaint, and A Place in the Sun was certified platinum in the US.

The track won the Billboard Music Award for the biggest modern rock song of 1999, and the band say they have continued touring consistently, introducing their catalogue to new generations of fans. That ongoing streaming activity, the band argue, makes Sony’s alleged use of the wrong formula all the more costly.

The group also claim that Sony largely stopped engaging with their concerns. The plaintiffs say they first raised accounting objections in July 2023 and kept pressing through 2025. Sony, according to the complaint, initially offered a limited defense of its position — and then from late April 2024 stopped responding to the band’s counsel altogether for the rest of that year.

During the entirety of the dispute, the filing states, “SME has never provided a coherent position supporting its ‘interpretation’ of the streaming provision at issue.”

Beyond the alleged royalty shortfall, the band claim Sony’s underreporting reduced their pension contributions and affected their eligibility for health insurance through SAG-AFTRA — a consequence they describe as particularly urgent.

Lit are seeking full damages, attorneys’ fees, and a jury trial. MBW has reached out to Sony Music for comment.


The lawsuit adds to a growing list of legacy artists challenging the way major labels calculate streaming royalties under deals that predate the rise of Spotify and its rivals.

Similar disputes have been brought in recent years by Enrique Iglesias against Universal, by Four Tet against Domino Records, and by the rap duo Black Sheep against UMG — all of which centered on how streaming income should be categorized under pre-streaming-era contracts.Music Business Worldwide

Investor Vinod Khosla predicts free AI labor will lead to an era of few jobs and great abundance


Good morning. What will life be like in 2040? Pretty awesome, according to famed Silicon Valley investor Vinod Khosla.

Khosla, one of tech’s most successful venture capitalists and entrepreneurs, put the first institutional money into OpenAI in 2019, investing $50 billion at a $1 billion valuation. (Last week, OpenAI raised $110 million at a $780 billion valuation.) Prior to founding his firm, Khosla Ventures, Khosla cofounded Sun Microsystems and Daisy Systems. He placed early bets in companies like Square and DoorDash, too, and has invested in energy startups like CommonWealth Fusion Systems.

All of this is to say, Khosla’s track record for accurately predicting the future has been pretty good. So I flew to his office in Menlo Park to better understand Khosla’s techno-optimistic outlook for the latest episode of my podcast, Fortune 500: Titans & Disruptors of Industry.

Make no mistake, Khosla believes AI will replace most jobs and even the need for colleges in the not-so-distant future. But he also believes that life will become much more abundant and affordable in key areas, including education, health care, and housing. He sees no reason that a 5-year-old today should ever need to look for a job.

I, of course, had many questions for Khosla about this: How does he think people will afford life without work, much less be happy and find purpose? What government policies are needed to ensure this utopian vision doesn’t turn into dystopia?

“Starting in about 2030—four years away—80% of all jobs will be capable of being done by an AI,” Khosla said. “What happens when all labor is free? $15 trillion of U.S. GDP is labor, and that $15 trillion will mostly go away. That’s a hugely deflationary economy. But the abundance of goods and services [thanks to AI and robotics] will be very, very large. Prices will be very, very low. I would suspect by 2040, $30,000—or maybe even $10,000—will buy much more than you can buy if you have a $100,000 income today.”

We discussed all of this and more on the episode. Subscribe (and if you like it, please leave a review!) to Fortune 500: Titans & Disruptors of Industry on Spotify, YouTube, and Apple.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top leadership news

Renegotiating a deal

CEO Sam Altman says OpenAI is rewriting its rushed Pentagon AI deal after fierce backlash from employees and rivals for undercutting Anthropic’s harder line on surveillance and autonomous weapons. OpenAI wants to add explicit bans on domestic spying and intelligence-agency use, but critics warn the revised safeguards remain vague and hard to enforce.

A 4-week war?

Goldman Sachs oil research head Daan Struyven says crude markets are pricing in roughly four weeks of Strait of Hormuz disruption. Beyond that, “demand destruction” could push oil into triple digits. 

The 6G revolution is here

Writing from Mobile World Congress in Barcelona, Fortune‘s Kamal Ahmed reports that Qualcomm CEO Cristiano Amon has declared 6G inevitable: “resistance is futile,” he said. 6G will be AI-native—built to handle traffic between AI agents across devices, not just consumer calls and video. Qualcomm expects consumer testing by the 2028 LA Olympics, with broader rollout in 2029.

The markets

S&P 500 futures are up 0.34% this morning. The last session closed down 0.94%. The STOXX Europe 600 was up 0.57% in early trading. The U.K.’s FTSE 100 was up 0.27% in early trading. Japan’s Nikkei 225 was down 3.61%. China’s CSI 300 was down 1.14%. Hong Kong’s Hang Seng was down 2.01%. South Korea’s KOSPI was down 12.06%. India’s NIFTY 50 was down 1.06%. Bitcoin was up to $71K.

Around the watercooler

Palantir and other tech companies are stocking offices with tobacco products to increase worker productivity by Catherina Gioino

U.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices by Jordan Blum

Top economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on by Tristan Bove

As Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’ by Marco Quiroz-Gutierrez

CEO Daily is compiled and edited by Joey Abrams, Claire Zillman, and Lee Clifford.

10 Lucky Finds That Paid Off Big


Most times wealth comes from decades of saving and investing, but on exceedingly rare occasions, incredible value hides in plain sight, masquerading as a piece of junk, a forgotten yard sale trinket or a strangely heavy rock.

You do not always need a winning ticket to strike gold, though you do need an extraordinary alignment of circumstances. From dusty yard sales to ordinary dog walks, here are documented moments when everyday Americans stumbled into extraordinary discoveries.

1. The $4 flea market frame

In 1989, a Pennsylvania man bought a damaged painting at a flea market for $4 because he liked the frame. When he removed the artwork, a folded document fell out.

It turned out to be an original Dunlap Broadside, one of the first printed copies of the Declaration of Independence. The document later sold at Sotheby’s for $2.42 million.

2. A dog walk worth millions

In 2013, a Northern California couple walking their dog on their rural property spotted a rusty metal can sticking out of the ground. Inside were gold coins. They later unearthed several more cans.

The discovery became known as the Saddle Ridge Hoard, a cache of more than 1,400 U.S. gold coins dating to the 19th century with an estimated value exceeding $10 million.

3. The million-dollar paper bag

In 2016, a family cleaning out a relative’s home discovered a paper bag containing seven rare Ty Cobb baseball cards from the early 1900s.

The cards were identified as rare T206 Cobbs and were later valued in the seven-figure range after professional authentication.

4. Diamonds found at a public park

Crater of Diamonds State Park in Arkansas is one of the few places in the world where the public can search for diamonds and keep what they find. Visitors regularly uncover stones there, including diamonds large enough to be cut, appraised and sold.

Over the years, multiple multi-carat diamonds have been discovered at the site. In 2020, one visitor found a 9.07-carat diamond while walking through a plowed field. It was the second-largest diamond found at the park since it became a state park in 1972.

5. The $3 yard sale bowl

In 2007, a New York family purchased a small white bowl at a garage sale for $3. Years later, they sought an expert opinion.

The bowl was identified as a rare Northern Song Dynasty Ding ware piece, roughly 1,000 years old, and later sold at Sotheby’s for more than $2.2 million.

6. The $2 thrift store tintype

In 2010, a California man bought a tintype photograph for $2 at a Fresno-area shop. The image showed men playing croquet.

After extensive authentication, the photo was identified as featuring Billy the Kid. The image has been estimated to be worth up to $5 million, depending on market demand and condition.

7. A superhero in the insulation

During a home renovation in Minnesota, a contractor discovered a copy of Action Comics No. 1 stuffed into a wall as insulation.

The 1938 issue marked Superman’s debut. Despite condition flaws, the comic later sold for $175,000 at auction.

8. The multimillion-dollar storage unit

A buyer purchased an abandoned storage unit for $500 and reportedly found a safe containing $7.5 million in cash.

Ultimately, a negotiated settlement was reached in which the buyer returned most of the money to the original owners and kept $1.2 million.

9. An out-of-this-world doorstop

A Michigan man used a large rock as a doorstop for decades after buying a farm. He later had it examined by experts.

The 22-pound stone was identified as a meteorite and later estimated to be worth roughly $100,000.

10. The fortune cookie lottery sweep

In 2005, 110 people won second-tier prizes in the same Powerball drawing, raising suspicions of fraud.

Investigations determined there was no cheating. Many winners had played numbers printed in fortune cookies, resulting in second-prize payouts ranging from $100,000 to $500,000 depending on the Power Play option.

The reality of rare discoveries

It is tempting to think your attic is filled with secret millions, but the reality is that these discoveries are historical anomalies. For every million-dollar yard sale bowl, there are millions of genuine $3 bowls.

However, if you do stumble across an item with unusual weight, distinct markings or a backstory that does not quite add up, resist the urge to throw it away immediately. Getting an appraisal from a certified expert usually costs very little, and on the rarest of occasions, it can make a meaningful difference in your financial future.

Don’t bank on being lucky. If you have over $100,000 in savings, consider getting advice from a pro. SmartAsset offers a free service that matches you to a vetted, fiduciary advisor in less than five minutes.

How “Deep Industry Research Agents” Can Change Your Organization


End-to-end AI tools that are tuned to specific industries and case types can dramatically boost productivity.

Southwest to Make Changes After Customer Complaints Over Boarding and Bin Space


Southwest to Make Changes After Customer Complaints

Southwest switched from an open-seating to the new assigned-seating policy last year and also started charging for bags.

We have already seen lots of complaints on social media about the new boarding process. Some of the complaints from travelers have been about slow boarding, flight attendants being very strict about seating assignments even on empty planes, and lack of overhead bin space near their seats.

Now Southwest says it will make changes based on that feedback, which will include “several enhancements” to tackle newer issues caused by the transition to assigned seating in late January.

Here’s the full text of the email:

“First, thank you for being a Southwest Customer. As we’ve transitioned from open seating to assigned seating, the feedback we’ve received has been invaluable. We’ve already made several enhancements and will continue refining the experience to reward your loyalty while delivering the industry’s best operational reliability and hospitality.

Here’s what’s rolling out next:

Better-balanced boarding groups: We’re refining how boarding groups are assigned to improve overhead bin availability near your seat while maintaining the fast boarding and deplaning process you expect from Southwest.

More overhead bin space: We’re upgrading our cabins with larger bins that hold up to 50% more bags. At least 70% of our fleet will have these larger bins installed by the end of this year which will improve bin space availability near your seat.

Designating bin space for Extra Legroom seats: Throughout the month of March, we are adding signage to the bins above our Extra Legroom seats to reserve them for Customers sitting in those rows.

Thank you for your continued loyalty. We’ll keep listening to feedback and keep you updated as we roll out additional enhancements.

Best,

Tony Roach EVP Chief Customer & Brand Officer”