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The Dow hit 27,000 points for the first time ever on Thursday, as stocks climb higher on hopes of an interest rate cut later this month.Federal Reserve Chairman Jerome Powell shored up rate cut hopes with his testimony before the Senate Banking Committee Thursday and House Financial Services Committee Wednesday.The Dow rose to a fresh all-time intraday high before pulling back slightly. It is up 0.4% or 111 points.The S&P 500 is up a modest 0.1%. 466

The number of foreign students coming to U.S. colleges and universities continued to fall last year, according to a new report, but the Trump administration says the drop should be blamed on high tuition costs and not students’ concerns over the nation’s political atmosphere.An annual report from the Institute of International Education found that the number of newly enrolled international students dipped by 1% in fall 2018 compared to the year before. It follows decreases of 7% and 3% in the previous two years, which were the first downturns in more than a decade.The downturn is a worry for universities that have come to rely on tuition from foreign students, who are typically charged higher rates. Some schools have blamed President Donald Trump’s rhetoric against immigrants for driving students away, but officials at the State Department, which pays for the annual report, dismissed the idea.Caroline Casagrande, deputy assistant secretary for academic programs at the department’s Bureau of Educational and Cultural Affairs, said students are deterred by the high cost to attend U.S. schools. She said the downturn is tied to students who were applying to college during the Obama administration, and that the numbers appear to be rebounding under Trump.“What we’ve seen today is a dramatically better picture compared to last year’s declines,” Casagrande said during a call with reporters. “The Trump administration has dedicated more resources than ever to international student mobility.”While fewer new students are coming, the study found that more are staying for professional training after they graduate. More than 220,000 were granted permission to stay for temporary work through a federal program, an increase of about 10% over fall 2017.China continued to send more students than any other country, followed by India and South Korea and Saudi Arabia. But booming years of growth from China have leveled off. The number of overall Chinese students in the country ticked up by less than 2%, and some campuses have seen major decreases in Chinese enrollment.The number of Chinese students at the University of Alabama has decreased by 43% over the past two years, to 266, according to the university’s annual enrollment report. At the University of Iowa and at Kansas State University, Chinese enrollment fell by about a third in that span.Declines from China have been attributed to several factors. Chinese students have reported difficulty getting U.S. visas amid a trade war between the two nations. Universities in Australia and Canada have worked harder to attract Chinese students. And some scholars say concerns over academic espionage have fueled anti-China sentiment on U.S. campuses.State Department officials said that they’re working to ease tensions and encourage Chinese students to study in the U.S. The department recently sent a delegation to China to promote academic exchange, and U.S. Ambassador Terry Branstad recently wrote an op-ed in a Chinese youth publication inviting students to study at U.S. schools.“The State Department has been working hard to make sure Chinese students know they’re welcome in the United States,” Casagrande said. “We want these Chinese students here.”The report also found that far fewer students are coming from Saudi Arabia, a shift that began in 2017 after the Gulf nation scaled back a scholarship program for global study. There were also dips in students coming from South Korea, Japan and Mexico.Meanwhile, the U.S. attracted growing numbers of students from Asia, Latin America and Africa. Numbers from Brazil and Bangladesh jumped 10% last year, the report found, while Nigeria ticked up 6%. Many universities have shifted their recruiting efforts to those areas in recent years as they look to offset losses from China.“More institutions are expanding their outreach in more regions,” said Mirka Martel, the head of research, evaluation and learning at the Institute of International Education, which is based in New York. “This growth demonstrates how attractive a U.S. education is for students around the world.”The academic subjects students come to study are also starting to shift. The number of students studying business, an area that has long been a draw for Chinese students, fell by 7% last year, the report found. Meanwhile, math and computer science saw a 9% increase and surpassed business as the No. 2 subject behind engineering.While the report focuses on data from 2018, it also included early findings for this year. Among more than 500 schools surveyed, the number of newly enrolled foreign students fell by 1% again, while the number of total international students fell by about 2%.___Collin Binkley can be reached on Twitter at 4748

The NYPD is continuing to monitor activity in the Middle East and taking every necessary step to protect this city against any potential threats and keep New Yorkers safe.— Mayor Bill de Blasio (@NYCMayor) January 8, 2020 233

The city of Chicago wants 0,106.15 in the next seven days from actor Jussie Smollett, to cover the cost of the investigation into claims he was attacked in what he described to police investigators as a possible hate crime.In a letter sent to Smollett in care of his attorneys, the city's corporation counsel says if Smollett doesn't pay, the city might prosecute him using Chicago's municipal code or other legal remedies."The city feels this is a reasonable and legally justifiable amount to collect to help offset the costs of the investigation," city spokesman Bill McCaffrey said.Smollett's defense team did not comment on the letter and referred CNN to an earlier statement, in which they said Mayor Rahm Emanuel and Police Superintendent Eddie Johnson need to apologize to their client."It is the Mayor and the Police Chief who owe Jussie -- owe him an apology -- for dragging an innocent man's character through the mud," the attorneys said. "Jussie has paid enough."In the letter, the city says two dozen police personnel worked the case, which used resources that could have been spent investigating other crimes.The city asked for a certified cashier's check or money order made out to "City of Chicago."Democratic mayor, Republican President outragesIt's not often that Emanuel and President Donald Trump agree. But on Thursday, they were united in outrage over the dismissal of Jussie Smollett's criminal charges.A prosecutor unexpectedly 1467

The Baltimore Police Department is investigating a report of a burglary that reportedly occurred at Rep. Elijah Cummings' home shortly before 4 a.m. ET on Saturday hours before President Donald Trump 212