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…
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…
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 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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FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on…
When you hear the name Aflac, you, probably like me, hear the quacking duck from their commercials. Unfortunately, however the…
Chip Paucek had been the CEO of a company (U2, Inc.) which had failed under some negative circumstances. Paucek is…
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One of the largest U.S. residential real estate brokerage firms is taking on real estate giant Zillow over “consumer choice.” On Monday, real estate brokerage Compass filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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John Ganem is the CEO of Kloeckner Metals Corporation. How you lead—and how you care for your people—is more visible than ever. A company’s culture is a direct reflection of leadership, and it doesn’t stay behind closed doors. Glassdoor reviews, LinkedIn posts, word of mouth and retention rates all tell…
Annual inflation increased to 2.9% in December, rising modestly above the 2.7% annual inflation rate of the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Inflation increased 0.4% monthly in December, slightly exceeding expectations. Core CPI, which excludes food and energy,…
The Governor of the Banque de France, M. François Villeroy de Galhau, told a hearing of National Assembly Foreign Affairs Committee on 14th May this year that the digitalisation of the European economy is increasing the regions “reliance on non-European players, especially international networks and big tech”. He is obviously…
Women are adopting generative AI technology at a significantly lower rate than men, creating an AI gender gap. Figures from the Survey of Consumer Expectations found that 50% of men use generative AI tools, compared to 37% of women, with privacy concerns and perceived opportunities and risks accounting for a…
The California wildfires have brought widespread disaster to communities in Southern California. It’s also contributed to a serious insurance crisis happening in the state. Many insurers have pulled out of the state or have paused coverage. AIG left the state in 2022, while Chubb and Allstate limited their coverage options…
Alex Vasquez is the owner of Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. The world of property management is so versatile—there is literally something for everyone. This diversity of options in the field has kept me motivated and excited over a long career.…
Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate. The Federal Reserve held interest rates at 4.5% to 4.75%, prompted by strong economic indicators that gave the central bank more room…
Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted by Hurricane Helene. The communications company said the debt relief campaign is aimed at assisting with the ongoing recovery following the September 2024 storm.ForgiveCo’s “random acts of kindness” purchased the…
The introduction of the Saving On a Valuable Education (SAVE) income-driven repayment plan was a major help for consumers with federal student debt. Not only did SAVE raise the income threshold for $0 monthly payments so more borrowers could qualify, but it based monthly payments for undergraduate loans on just…
Annual inflation increased to 3% in January, rising above expectations and giving the Federal Reserve further reason to slow down interest rate cuts. Inflation increased 0.5% monthly, slightly exceeding expectations and above the previous month’s increase of 0.4%, according to the Consumer Price Index (CPI) released by the Bureau of…
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