The decision to cut staff at the Department of Education during a crucial period for student loan borrowers is not just a logistical blunder; it’s a harbinger of a deeper, systemic issue affecting tens of millions of Americans. As the Trump administration executes job cuts, shaking the very foundation of support for borrowers who desperately
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In a shocking turn of events, Marvell Technology faces a significant obstacle as its stock dropped over 17% on the back of disappointing revenue guidance. For the first fiscal quarter, Marvell projected sales of approximately $1.88 billion, which, while marginally exceeding analyst expectations of $1.87 billion, still fell short of more ambitious forecasts approaching the
The latest wealth reports paint a stark picture of our times: while the earth’s elite continues to amass staggering fortunes, countless everyday individuals are grappling with anxieties surrounding economic stability. A recent study from Knight Frank revealed that there are over 2.34 million high-net-worth individuals globally. The fact that North America has witnessed a 5.2%
Macy’s recently made headlines with its latest earnings report—a mix of slight improvements and glaring concerns. While some segments of the business appear to be gaining traction, the overall narrative suggests a company struggling to find its footing amid fierce competition and changing consumer behaviors. Comparable sales during the precious holiday quarter were down by
China stands at a critical juncture, where its fiscal policy could reshape not only its domestic economy but also its stance in global trade. Amid ongoing tensions with the United States, especially since the latest tariff increases under President Donald Trump’s administration, Finance Minister Lan Fo’an’s comments during the “Two Sessions” meeting underscore a potential
In a sobering turn of events for investors, CrowdStrike, a prominent player in cybersecurity, experienced a staggering 9% drop in its shares following a disappointing earnings forecast. The underlying issue stems from an extensive global IT outage that occurred in July, an event that not only disrupted operations but also raised significant questions about the
It’s bewildering to grasp the paradox of the American rental market. In 2022, close to 600,000 new apartment units were constructed—the highest figure since 1974. This so-called surplus of new housing should have flooded the market, providing much-needed relief to renters. However, the reality could not be more different. According to RentCafe, an apartment search
When President Donald Trump declared his intent to “make America affordable again,” an alarm sounded for millions of everyday Americans. The administration’s introduction of steep tariffs on key trading partners, particularly Canada and Mexico, poised to disrupt the price equilibrium of essential goods, is a glaring contradiction to this lofty promise. Although intended as a
The recent drop in mortgage interest rates has ignited a surge in loan applications, leading many to believe we are entering a golden age for potential homebuyers. However, a closer examination reveals a more precarious reality. The Mortgage Bankers Association reported a staggering 20.4% uptick in total mortgage applications last week, an alluring figure that
On Wednesday, China revealed a consequential 7.2% increase in its defense budget, totaling an astonishing 1.78 trillion yuan ($244.99 billion) for 2025. This is not a sudden shift but a consistent trend, reflecting a two-year streak of similar growth rates. The commitment to “firmly safeguard” national security is clear, yet this escalation deserves scrutiny when