June 5, 2025

White House

Investment

Trump doubles steel tariffs to 50%, slams ‘shoddy’ Chinese products while celebrating Nippon’s $14B investment in America

President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence,” Trump told US Steel employees at

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Funds

Trump signs order to create center for homeless vets — with funds meant for housing undocumented immigrants

On May 9, President Donald Trump signed his 150th executive order of 2025, directing Veterans Affairs (VA) to create a center for homeless veterans in Los Angeles on the VA’s West L.A. campus. This site has been subject to legal troubles recently. Last fall, a federal judge ruled the VA failed veterans in its fiduciary

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Loans

How Student Loans, Grants Could Change Under Proposed Republican Plan

The House Education and the Workforce Committee advanced a new proposal this week that, if enacted, could drastically reshape how Americans pay for college, with reforms to federal student loans and financial aid programs. Why It Matters More than 40 million Americans hold federal student loan debt, per Education Data Initiative. For some, repayment of

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Loans

“Everyone Needs To Make A Ton Of F–ing Noise About This” — People Are LIVID Over The Trump Admin’s New Student Loan Decision

The Department of Education recently announced that it will start referring student loans that have gone into default to collections starting May 5. Adam Bettcher / Getty Images for We The 45 Million In a press conference, the White House confirmed it will collect money from people who have defaulted on their student loans by

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Finance

China to increase tariffs on US goods to 125% starting Saturday, finance ministry says | World News

Beijing will impose 125 per cent tariffs on US goods from Saturday, up from the 84 per cent previously announced, news agency Reuters quoted the Chinese finance ministry said on Friday. This comes a day after the Trump administration decided to pause tariffs for 90 days on many countries, but hit China with a 145

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Mortgage

What Trump’s ‘Liberation Day’ Tariff Moves Mean for Home Prices and Mortgage Rates

Declaring it a “Liberation Day” for American workers, President Donald Trump on Wednesday announced sweeping new tariffs that could impact home prices and mortgage rates. “Our country and its taxpayers have been ripped off for more than 50 years, but it is not going to happen anymore,” Trump said in remarks at the White House’s

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Investors

Investors Have Pain Ahead – Business Insider

Good morning. Congratulations to Vice President JD Vance, who sold his home just outside Washington, DC, for $172,000 over the asking price after less than three weeks on the market. The buyer? A former Trump official. In today’s big story, investors are shocked to be battling against President Donald Trump as the stock market closed

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Crypto

Which Cryptocurrency Sectors Are Hot — and Which Are Not

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

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