The fallout from recent staff cuts at the Department of Education has placed millions of federal student loan borrowers in a perilous position. With President Donald Trump seemingly bent on dismantling support structures that assist these individuals, the crisis is escalating. Federal employees have described the grim aftermath of these cuts—people who once handled complaints
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Macy’s is caught in a tumultuous storm of mixed signals as it grapples with the pressing need for a turnaround, spearheaded by new CEO Tony Spring. The latest quarterly results have left investors both hopeful and skeptical, revealing a company that is attempting to redefine itself while faced with an unrelenting tide of challenges. The
China is at a critical juncture. As Finance Minister Lan Fo’an recently articulated, the nation possesses a unique opportunity to pivot its fiscal strategies in response to both domestic challenges and external pressures. Amidst a backdrop fraught with trade tensions, particularly from the United States, Beijing’s approach to fiscal policy underscores its proactive stance. This
CrowdStrike, the cybersecurity sector’s burgeoning titan, is now grappling with troubling projections that have led to a jarring 9% drop in its stock price. This decline follows the fallout from a global IT outage that left numerous businesses reeling back in July. The company’s failure to meet the high expectations of earnings guidance for the
Despite the ambitious construction boom that saw almost 600,000 multifamily units come to fruition last year—the highest number reported since 1974—the rental market’s present reality tells a starkly different narrative. One might expect that such a surge in supply would temper the fierce competition among renters, yet new reports from RentCafe illuminate an alarming trend:
In a bold move that many are skeptical of, President Donald Trump recently proclaimed his intention to “make America affordable again.” This proclamation, however, was juxtaposed with the reality of his new tariffs on imports from countries like Canada, Mexico, and China. These tariffs, despite being branded as a solution to enhance American affordability, are
In recent weeks, the housing market has experienced an uplifting shift thanks to a notable reduction in mortgage interest rates. This sudden change has piqued the interest of both current homeowners looking to refinance and potential buyers eager to make a move. The latest figures released by the Mortgage Bankers Association reflect a dramatic 20.4%
China’s recent announcement of a 7.2% increase in its defense spending for the fiscal year 2025 has stirred discussions among global analysts and policymakers alike. This growth translates to a staggering budget of 1.78 trillion yuan, equating to approximately $245 billion. While Beijing presents this increase as a measure to “safeguard national security,” the underlying