Category: FINANCE
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How Trump’s Budget Bill Will Reshape Federal Student Loan Repayment
As of 2025, 42.5 million Americans hold outstanding federal student loans. Among them, nearly 12.3 million borrowers—about 29%—are enrolled in income-driven repayment (IDR) plans, which aim to make monthly payments more manageable based on income. However, a sweeping overhaul to the student loan system is on the horizon thanks to President Trump’s recently passed One…
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Jane Birkin’s Original Hermès Bag Fetches Over $10 Million at Paris Auction, Breaking Records
PARIS, France — July 11, 2025 — The original Hermès Birkin bag, once owned by British-French icon Jane Birkin herself, has sold for a staggering $10.1 million at a Sotheby’s auction in Paris, setting a new world record as the most expensive handbag ever sold at auction. The bag, widely regarded as a fashion legend…
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Senate’s Version of Trump’s 2025 Spending Bill — Key Tax Changes, Winners & Losers
KEY TAKEAWAYS: Trump’s 2025 Spending Bill Nears Senate Vote Amid Last-Minute Tax and Policy Changes President Donald Trump’s highly anticipated 2025 spending package — dubbed by Republicans as the “big, beautiful bill” — is nearing a critical Senate vote following intense behind-the-scenes negotiations. Finalized just before midnight Friday, the 940-page bill includes sweeping tax reforms,…
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OnlyFans Owner in Talks to Sell to Investor Group at Approximately $8 Billion Valuation, Sources Say
OnlyFans parent company Fenix International Ltd is negotiating a potential sale to an investor group valuing the adult-content platform at roughly $8 billion, according to three sources familiar with the matter. The group is reportedly led by Los Angeles-based investment firm Forest Road Company, though the identities of other investors remain unclear. The valuation and…
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Trump Defends Economic Policies in NBC Interview, Blames Biden for Weaknesses
Washington, D.C. – Former President Donald Trump claimed credit for the U.S. economy’s strengths while blaming President Joe Biden for its struggles in a wide-ranging interview on NBC’s Meet the Press with Kristen Welker that aired Sunday. “I think the good parts are the ‘Trump economy’ and the bad parts are the ‘Biden economy’ because…
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FTC Takes Legal Action Against Uber Over Alleged Misleading Subscription Practices
The Federal Trade Commission (FTC) has filed a lawsuit against Uber, accusing the ride-hailing giant of deceptive billing and cancellation practices related to its Uber One subscription service. The agency claims Uber enrolled customers without proper consent, failed to deliver promised savings, and imposed unnecessary hurdles for cancellation. Key Allegations Against Uber According to the…
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China Imposes a 125% Tariff on U.S. Imports
On Friday, China announced its intention to increase the tariffs on American goods to 125 percent, from the previous 84 percent. This escalation in trade tensions is a response to the third round of retaliatory measures between the United States and China, which has become an ongoing trade war between the two global superpowers. The…
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U.S. Stocks Plunge $5.4 Trillion in Two Days Amid Recession Fears from Trump Tariffs
In a two-day period, US stock prices experienced a precipitous decline of $5.4 trillion, primarily driven by the apprehension of a recession precipitated by President Trump’s imposition of tariffs. China’s retaliatory measures against Washington’s levies have further exacerbated the global market’s pessimism. President Trump’s ambitious plan to disrupt the global trading framework through substantial tariffs…
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Siemens Bolsters Life Sciences Portfolio with $5.1 Billion Acquisition of Dotmatics Deal
Strategic Expansion in Life Sciences Siemens plans to finance the transaction primarily through share sales, including shares of its healthcare subsidiary Siemens Healthineers (SHLG.DE), according to CFO Ralf Thomas. The deal follows last week’s closure of Siemens’ $10.6 billion purchase of engineering software firm Altair, marking its second-largest acquisition to date. Dotmatics, a leader in…
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Napster Acquired by Infinite Reality in $207 Million Deal to Pioneer Social Music Innovation
Once synonymous with the digital music revolution—and later, copyright controversies—Napster has been purchased by immersive tech firm Infinite Reality for $207 million, marking a bold new chapter in its storied evolution. The deal aims to reimagine the platform as a dynamic, social-driven hub where artists and fans interact through cutting-edge virtual experiences. Napster’s Turbulent Legacy:…