May 7, 2025

federal

Loans

Interest rates for loans, mortgages aren’t falling. See when they might

If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t

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Mortgage

Mortgage rates dipped. Is it enough help the housing market?

How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate

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Investors

Cooling trade tensions bring investors back as Wall Street surges

Benzinga  |  Detroit Free Press Trump suggests China tariffs will ‘come down substantially’ President Donald Trump suggested the China tariffs will “come down substantially.” Reports suggested China is considering suspending its 125% tariff on select U.S. imports, following indications that Washington may cut tariffs on Chinese goods. The S&P 500 has now recouped nearly 80%

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Crypto

Three ways tariffs could upend the crypto market in 2025

Dominic Basulto  |  The Motley Fool Trump’s cryptocurrency sees 70% value jump after VIP dinner offer The value of Trump’s meme coin has seen a huge value increase as he prepares to host two special events for its top investors. Crypto trading platform Coinbase revealed that ‘$Trump’ soared after he announced that 220 of its biggest

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Banking

Banking regulators scrap crypto-warnings, encourage innovation

Trump’s crypto project says it sold $550M in tokens Donald Trump’s World Liberty Financial crypto project announced it raised $250 million in its second token sale, bringing total sales to $550 million. Cheddar U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was

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Banking

Lisa Berger and Ilaria Rawlins Open a New Type of Bank

The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a

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Funds

Spartanburg’s Project R.E.S.T. scales back after Crime Victim Fund cut

Victims of domestic abuse often “aren’t sure how to leave, are scared to leave,” according to Krystal Watson, president and chief executive officer of Project R.E.S.T. “That’s why we exist.” Project R.E.S.T. – which stands for Restore, Empower, Support and Transform – is a shelter and a network of support for victims of sexual violence.

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Mortgage

Mortgage Advisor Joe Cucchiara Shares His Insights on Navigating Mortgage Market Volatility, Housing Supply, & More

Chris Gallagher  |  Contributor The U.S. mortgage market has been on a rollercoaster ride over the past few years, thanks to economic uncertainties, policy shifts, and global financial pressures. As individuals move through 2025, volatility remains a defining characteristic, influencing everything from home affordability to refinancing trends.  Joseph Cucchiara (Joe), who is a part of

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Funds

PA’s Shapiro sues Trump administration over public health cuts

RFK Jr. to cut 10,000 jobs at US health department The U.S. Department of Health and Human Services announced that it will cut about 10,000 full-time jobs and close half of its regional offices. Reuters Pennsylvania joined a multistate lawsuit against the Trump administration for cutting billions in state health funding. Pennsylvania state officials say

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Funds

27 Michigan schools could lose up to $42M in federal funds

Want to comment on this story? Become a subscriber today. Click here. More than two dozen Michigan school districts face the loss of nearly $42 million in reimbursement for federal pandemic relief funds after the U.S. Education Secretary Linda McMahon rescinded a previously set deadline. Michigan education officials said agencies across the country, including the

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