A major change is coming to student loans. At the beginning of August, around eight million borrowers will once again see interest accrue on their loans, as more than a year of relief provided by the Biden administration’s Save a Valuable Education (SAVE) plan comes to an end. Since the summer of 2024, borrowers enrolled
Among the many provisions of the new tax and public spending bill signed by President Donald Trump (the Big, Beautiful Bill), there are significant changes to the federal student loan system. These will affect both current borrowers and those planning to apply for loans in the future. One of the most immediate effects is the
President Donald Trump’s “Crypto Week” hit a major snag on July 15, 2025, as the House rejected a key procedural vote for the GENIUS Act, 196-223, with 13 Republicans joining Democrats. Photo : AP President Donald Trump’s ambitious “Crypto Week” suffered a stunning blow on Tuesday, July 15, 2025, as the House of Representatives rejected
Most local government officials in the US still welcome Chinese-invested projects despite a rise in trade tensions this year, a Chinese chamber of commerce leader said this week as potential investors weigh up economic benefits and geopolitical risks. City leaders want Chinese investment to help stimulate their local economies, especially in manufacturing projects that are
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
Last night, when Debra Vasilopoulos headed out to the annual Alexis de Tocqueville Society dinner ― the Town of Palm Beach United Way’s annual tribute to its big donors ― she knew what to expect. As a member of the Tocqueville Society, she’s been there many times before. It’s an intimate gathering of philanthropy-minded individuals.
For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the
Global fund managers dumped a record amount of US stock during last week’s sell-off, BofA found. The surveyed investors expressed pessimism around the global economic-growth picture. Stagflation was a commonly-cited fear, with expectations for the scenario at the highest since late 2023. As US stocks slipped into a 10% correction last week, investors were dumping
The new year started off with considerable fanfare for the cryptocurrency market. Under President Donald Trump’s crypto plan, America was going to become “the crypto capital of the world.” That meant deregulating the crypto market, promoting innovative uses for blockchain technology within the financial markets, and becoming a Bitcoin (CRYPTO: BTC) superpower. Those promises mostly