Friday, July 4, 2025

FINANCE

Edu. Dept. Backpedals on Emails to 9M Borrowers Falsely Promising Loan Amnesty

(Molly Bruns, Headline USA) The Department of Education sent out 9 million emails to student loan forgiveness applicants, explaining that an initial email telling them their application was approved was an error. According to the secondary email, the initial announcement was an error. “Due to a vendor error, you recently received...

Biden Regime Linked to Suspected Insider Trading w/ CPI Leak

(Mark Pellin, Headline USA) While November’s consumer price index release this week showed inflation slightly cooling, delivering a lower than projected 7.1% hike from the previous month, the report’s release also cast a cloud over the Biden administration regime for suspicion of insider trading. The janky activity started about 60 seconds...

COVID Cash Used to Boost Guaranteed Income Projects across U.S.

(The Center Square) – About 180,000 people applied for the Los Angeles County guaranteed-income program in the spring of 2022. But there were just 1,000 spots available. It was a sign of high demand for the $1,000-a-month no-strings-attached stipend from the government. New guaranteed income programs are popping up across the...

Fed Hikes Interest Rates Another Half-Point to Highest Level Since 2007

(Headline USA) The Federal Reserve raised its key interest rate for the seventh time this year and signaled more hikes to come after a recent report showed that economy-wrecking inflation remained more than three times the normal 2% benchmark for healthy year-over-year growth. Despite signs of inflationary easing, the Fed...

IRS Warns of 50% Penalty for Failing to Make Retirement Withdrawals

(Joe Mueller, The Center Square) Throughout the decades, millions of Americans had small amounts from their paychecks withdrawn---before taxes were deducted---and invested the money in retirement plans. As those taxpayers retire or plan for retirement, the Internal Revenue Service is reminding them about required mandatory withdrawals from retirement accounts. Failure to...

Report: Inflation Remains Sky High at Estimated 7.3%, Despite Fed Intervention

(Headline USA) A high-profile report on inflation to be released Tuesday morning was expected to show that the numbers continue to be more than three times what it was, on average, during the Trump administration, despite an aggressive---and economically risky---gambit by the Federal Reserve to bring it back down. Economists...

Bankman-Fried Arrested, Charged w/ Defrauding Investors

(Headline USA) The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX---also Democrats' second largest donor in the 2022 midterm election cycle---with orchestrating a scheme to defraud investors. An SEC complaint filed Tuesday alleges that Sam Bankman--Fried raised more than $1.8 billion from equity...

FTX Founder to Testify before Congress on Tuesday

UPDATE: Sam Bankman--Fried was arrested Monday night prior to testifying in the House hearing. Complete details on the arrest are here. (Molly Bruns, Headline USA) Sam Bankman--Fried, the former CEO of crytpocurrency company FTX, will testify before the House Financial Services Committee during a hearing on Tuesday titled "Investigating the...

Federal Trade Commission Sues Microsoft to Block Activision Blizzard Deal

(Brett Rowland, The Center Square) The Federal Trade Commission filed suit Thursday against Microsoft Corp. to block it from acquiring Activision Blizzard Inc., publisher of the "Call of Duty" games. The FTC alleges the largest acquisition in the video gaming industry would allow Microsoft to suppress competitors to its Xbox...

Miami’s Republican Mayor Urges Twitter to Relocate

(Jacob Bruns, Headline USA) Miami's Republican mayor, Francis Suarez, on Wednesday issueed an appeal for Twitter CEO Elon Musk to move his new company the south Florida city from its current headquarters in San Francisco, Axios reported. "t's Time to move @Twitter headquarters to Miami," he tweeted at Musk. "It's...

Top Investment Company Vanguard Claims It Is Abandoning Woke ‘ESG’

(Jacob Bruns, Headline USA) One of the nation's top investment companies, Vanguard Group, claims that it will no longer be a part of a woke Envoronmental, Social, and Governmental-oriented financial alliance, Legal Insurrection reported. Among the activist causes it helps fund, ESG investing frequently supports companies that reject fossil fuels...

MAGA Investment Fund Wallops Woke ESG in Stock Returns

(Joshua Paladino, Headline USA) The Make America Great Again fund, which invests exclusively in companies that support Republican values, has outperformed globalist-backed Environmental, Social and Corporate Governance funds by 15%, an impressive performance by any measure and more so because of increasing government mandates that promote ESG investing. Despite the...
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