May 31, 2025

money

Funds

NEA cut funds to focus on ‘AI competency.’ This SMU AI project lost funds anyway

On May 2, Jennifer Benoit-Bryan opened a distressing email. “The National Endowment for the Arts will no longer offer award funding for the project … ” Benoit-Bryan, director at Southern Methodist University DataArts, said the research center for the arts will now need to put the AI project on hold indefinitely. The project focuses on

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Finance

Martin Lewis update on car finance scandal | Personal Finance | Finance

The Martin Lewis Money Show Live made a comeback on Tuesday, with the money expert giving an update for those eagerly awaiting news on potential compensation payouts of up to £1,100 linked to undisclosed Discretionary Commission Arrangements (DCAs). The financial guru updated viewers on the current situation regarding the appeal that was heard by the

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Mortgage

Rising Mortgage Rates Aren’t Turning Away These Homebuyers

Homebuyers in today’s market are facing a tough question: buy a house now, or wait until mortgage rates and prices maybe come down? If you buy now, you can start putting money into owning what, for most people, is their biggest asset, but you could be stuck paying a high monthly mortgage rate. On the

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Banking

Berkshire Hathaway Dumps Banking Stocks in Q1, Sells All Shares of Crypto-Linked Nu Holdings, Citigroup

Billionaire investor Warren Buffett’s Berkshire Hathaway heavily sold banking shares in Q1, according to a 13f filing with the US Securities and Exchange Commission. The Oracle of Omaha sold all shares of Brazilian bank Nu Holdings, which has its own crypto platform. He disposed of 40.18 million shares of the bank during the quarter that

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Crypto

Cryptocurrency ATMs and cash wages in ‘high risk’ industries should be banned in money laundering crackdown, expert panel warns government

“New Zealanders are willing to spend their money on the things provided by these groups – from illicit drugs through to false promises offered by scammers…New Zealand is then left to pick up the pieces.” The panel said that stopping the profits from reaching the “masterminds” based offshore, such as drug suppliers, would make it

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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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Loans

FSA to require DOGE approval for larger loans

Ryan Hanrahan  |  Farmers’ Advance ‘May Day’ protests push back against Trump administration policies “May Day” protesters across the U.S. rallied against President Donald Trump’s policies and billionaire Elon Musk’s influence over the White House. Reuters’ Leah Douglas and P.J. Huffstutter reported that “farm loan employees at the U.S. Department of Agriculture’s Farm Service Agency will

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Loans

Default student loans sent to collections starting Monday

Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting

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Loans

Student Loans: The Best Repayment Plans Available

Millions of student loan borrowers who have fallen behind on their repayments have just a matter of days to arrange a payment plan and get back on track. But which repayment option is best for your financial situation? May 5 Deadline The Department of Education (ED) recently confirmed that forced collections on defaulted loans will

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Loans

More Americans are using ‘Buy Now, Pay Later’ loans to pay for groceries, survey finds

As grocery prices continue to squeeze household budgets, a growing number of Americans are turning to “buy now, pay later” loans to cover the cost of food, raising fresh concerns about consumer debt and financial vulnerability, according to a new survey. One in four users of buy now, pay later (BNPL) services say they’ve used

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