August 24, 2025

interest rates

Finance

US stocks close up, with Dow hitting record. Powell hints at rate cut.

Who is Fed Chair Jerome Powell? Jerome Powell’s feud with President Donald Trump has been making headlines. Here’s everything you should know about the Fed chair. U.S. stocks closed higher on Aug. 22, with the blue-chip Dow ending at a new record, after Federal Reserve Chairman Jerome Powell suggested an interest rate cut may be

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Mortgage

Trump calls on Fed governor Lisa Cook to resign after mortgage fraud allegation

The Brief Trump urged Fed governor Lisa Cook to resign after a mortgage fraud accusation. Regulator Bill Pulte asked the DOJ to investigate claims she misused primary residence rules. The move is part of Trump’s push to gain more control over the Fed. WASHINGTON – On Wednesday, President Donald Trump urged Federal Reserve governor Lisa

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Mortgage

Trump demands Fed governor Lisa Cook quit over ‘mortgage fraud’ claim

President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing Finance

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Investors

Investors await major speech from Powell for clarity on path for interest rates

WASHINGTON (TNND) — All eyes are on Jerome Powell this week as the Federal Reserve chair prepares to make a major speech in Wyoming this week where investors are hoping to gain insight into the central bank’s thought process on whether to cut rates at their September meeting with economic data pulling them in different

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Banking

US Fed to scrap banking supervision program of oversight into crypto, fintech activities — Details here

The US Federal Reserve (Fed) announced on Friday, 15 August 2025, that it is scrapping its “novel activities” supervision program. This program provided oversight into the crypto and fintech activities of institutional lenders, reported the news agency Reuters.  According to the agency report, the banking regulator will now integrate the work into its regular bank

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Mortgage

Court won’t block social media limit law; Mortgage rates at 9-month low

The Supreme Court on Thursday refused for now to block enforcement of a Mississippi law aimed at regulating the use of social media by children, an issue of growing national concern. The justices rejected an emergency appeal from a tech industry group representing major platforms like Facebook, X and YouTube. NetChoice is challenging laws passed

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Loans

Memphis event tackles cost of living and predatory loans

MEMPHIS, Tenn. — As the cost of living continues to rise, some are turning to high-interest loans to help make ends meet. That’s one of the reasons Rise Memphis and Microsoft hosted an event to teach people about financial literacy. “It’s people signing up and not really fully understanding what they’re getting into, not understanding

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Loans

How Education Loans Support Academic and Career Aspirations

Higher education has the power to change lives. It opens doors to better job opportunities, personal growth, and a brighter future. But quality education often comes with a big price tag, whether you’re planning to study in India or abroad. That’s where an education loan becomes a strong support system, helping students achieve their academic

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Mortgage

Home Loans Surge As Borrowers Take Advantage of Lower Rates

The demand to finance a home surged as mortgage applications increased 3.1% for the week ending August 1, according to the Mortgage Bankers Association. The increase comes after applications decreased 3.8% the week prior. In addition, mortgage interest rates remained fairly steady at 6.72% for a 30-year fixed mortgage, for the week ending July 31, according

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Finance

Car finance compensation eligibility – exactly who can claim mega payout

The UK’s highest court partially overturned a landmark Court of Appeal case on hidden car finance commission claims on Friday, meaning millions of motorists will not be able to claim compensation The ruling has meant millions might miss out on compensation payouts(Image: PA) Millions of motorists will not be able to claim compensation for hidden

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