July 8, 2025

federal

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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Investors

Sock market edges down at open on inflaton and tariff worries

Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled

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Banking

Blue Federal Credit Union Partners with Lumin to Launch Blue Business Banking

A digital banking solution designed to empower businesses with seamless financial management tools Cheyenne, Wyoming, March 25, 2025 (GLOBE NEWSWIRE) — Blue Federal Credit Union is excited to announce a groundbreaking partnership with Lumin to introduce Blue Business Banking, a digital banking solution designed to empower businesses with seamless financial management tools. Blue Business Banking

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Funds

Michigan libraries, museums brace for cuts after Trump executive order

Protesters stage ‘study-in’ in front of Education Department Protesters staged a “study-in” demonstration in front of the Education Department after President Donald Trump’s executive order. Michigan Electronic Library is funded by Institute of Museum and Library Services grant money, library advocates say. The electronic library is in jeopardy unless replacement funds are found. Other services,

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Investors

Federal Reserve says it’s in ‘no rush’ to adjust monetary policy

Benzinga  |  Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy.   Yet, the central bank’s latest economic projections painted a

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