FHFA tells Fannie Mae, Freddie Mac to consider crypto as mortgage asset

The U.S. housing regulator directed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for single-family mortgage loan risk assessments.  Federal Housing Finance Agency (FHFA) Director William Pulte said in a social media post on Wednesday that he ordered government-sponsored enterprises, which play a critical role in the…

US first-quarter GDP: Economy shrank 0.5% amid trade policy uncertainty

The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department’s Bureau of Economic Analysis (BEA) released its third estimate for first quarter gross domestic product (GDP), which found the U.S. economy contracted at an annual rate of…

Trump administration challenges CBO deficit projections for tax bill

The Trump administration is pushing back on projections for the so-called “One Big, Beautiful Bill,” arguing the scoring understates the economic growth the bill would fuel and, as a result, projects higher budget deficits. The nonpartisan Congressional Budget Office (CBO), which is responsible for analyzing the cost of legislation moving…

Microsoft plans more Xbox job cuts next week

Microsoft is planning another round of cuts at Xbox as part of the tech giant’s ongoing reorganization. Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division…

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Nike Reports After The Close 6/26 — Options Expire The Next Day

According to NextEarningsDate.com, the Nike next earnings date is projected to be 6/26 after the close, with earnings estimates of $0.11/share on $10.70 Billion of revenue. Looking back, the recent Nike earnings history looks like this: The company has an impressive long-term earnings per share chart: And with equally impressive…

Why 94% Of Billion-Dollar Founders Rejected These VC Commandments

A top 20 VC firm, a16z, shared “16 Commandments” for raising equity in “challenging” markets. The reality is that for ~99.9% who never get VC, every market is challenging. So how useful are these VC commandments? If you’re building a venture, should you follow these VC commandments – or are…

What Is The Richest City In Montana? Latest Census Data Reveals

Montana has absolutely transformed over the last 50 years. Its population has increased by 64%, from 694,409 in 1970 to 1,137,233 in 2024. Its economy has dramatically changed and the level of wealth has surged. And a good amount of the growth in wealth occurred since the pandemic as high-income…

How A Streamer Pivoted From Gaming To Build A Web3 Empire

Before Sky Wee became one of Asia’s most prominent Web3 entrepreneurs managing tens of millions in capital and shaping early-stage blockchain ventures he was a gamer. A competitive one. A streamer with millions of fans. A digital native who knew how to capture attention in the high-speed world of esports.…

Trump slams Powell as Fed expected to leave interest rates unchanged

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday, hours before the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut today. Europe had 10 cuts and we had none. I guess…

3 Big AI Dividends Cashing In On The Next Big Leap

Still wondering if AI will replace human workers? Well, you can stop. Because it’s already happening—and boosting corporate profits (and AI dividends!) as it does. That’s tough news for workers, of course. But there’s a silver lining for those of us investing for dividends. Because the “growth-without-hiring” trend AI has…

What Makes A Great Work Culture?

Chris Williams, COO, Interaction Associates, a leading provider of training & consulting services to build collaborative leadership culture. Culture matters. It’s often hard to define, but its effects are undeniable. It influences how decisions are made, how people treat one another and ultimately, how an organization performs. In fact, 73%…

Biden cancels student loans with one week left to his term

As President Joe Biden’s term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers. These 150,000 borrowers include almost 85,000 who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers. The debt…

Amazon CEO says AI will reduce corporate workforce in coming years

Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday.”As we roll out more Generative AI and agents, it should change the way our work…

7 Effective Personal Finance Best Practices You Need To Start Today

Mastering personal finance is an essential life skill. Beyond managing money, it’s about optimizing what you already have to build wealth and achieve financial freedom. Whether you are just beginning your career or want to enhance your habits, this article discusses seven best practices that can anchor your financial life…