Trump Freezes Biden Funding: Democrats are raising alarms over former President Donald Trump’s recent executive order to freeze funding approved in two of President Joe Biden’s signature legislative accomplishments: the Inflation Reduction Act and the Bipartisan Infrastructure Law. The move, which pauses the disbursement of funds for several key projects, has ignited a fierce partisan
The Future of Student Loans: As 2025 unfolds, GOP lawmakers, alongside former President Donald Trump, are positioning themselves to reshape the landscape of student loans. With Republicans now holding a majority in Congress, a new trifecta of power is emerging, promising significant shifts in policies that could impact millions of student-loan borrowers across the nation.
Magnificent 7 Stocks in Danger of Losing $1 Trillion Amid DeepSeek Crisis: investors are facing a massive financial setback on Monday, with losses exceeding $1 trillion due to a sudden market panic. The panic stems from fears that the AI spending boom, which has propped up the market in recent years, might have been built
Tax Filing Deadlines, Deductions, and Refunds for 2025: The Internal Revenue Service (IRS) officially kicks off the 2025 tax season on January 27, marking a pivotal moment for millions of Americans preparing to file their taxes. This year’s tax filing process brings important changes, including a broadening of the Direct File program and adjustments to
Why Institutional Investors Are Flocking to Cryptocurrencies: The first week of President Donald Trump’s second administration brought significant changes to the U.S. digital asset landscape, positioning the country as a strong contender in the evolving cryptocurrency space. Executive orders and regulatory decisions made during this period are setting the stage for increased institutional investment in
For many Americans, tax refunds have evolved from a welcome bonus to a crucial financial lifeline. According to a recent survey by Credit Karma, the role of tax refunds has become even more significant, with half of millennials depending on their refunds to make ends meet. This growing reliance highlights the impact of rising living
In a significant move, Target announced Friday that it would be scaling back its Diversity, Equity, and Inclusion (DEI) initiatives, joining a growing list of major American corporations making similar decisions in the wake of increasing conservative pressure. The Minneapolis-based retail giant stated that its “Belonging at the Bullseye” strategy, which was designed to enhance
Consumer Confidence Takes a Hit: In January, consumer sentiment took a significant hit, dropping by 4%, marking the first decline in six months. This downturn, revealed through the final results from the University of Michigan’s January Surveys of Consumers, highlights growing consumer unease, driven primarily by concerns over rising unemployment and inflation. While personal finance
Boeing has announced that it expects to report additional losses for its CST-100 Starliner commercial crew program in its upcoming fourth-quarter financial results. In a press release on January 23, the company projected a significant $1.7 billion in charges against earnings, with a substantial portion allocated to its Defense, Space, and Security business unit. While
DTE Energy’s $217.4 Million Electric Rate Hike: Starting February 6, Michigan residents will see higher electric bills as DTE Energy begins implementing a $217.4 million rate increase, approved by the Michigan Public Service Commission (MPSC). This rate hike will be the second in just over a year, continuing a trend of rising costs for consumers.