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Fed leaves rates unchanged: What it means for credit cards, mortgages, auto loans and savings accounts
The Federal Reserve maintained interest rates at 3.75%-4% in October amid elevated inflation concerns from rising energy costs, with potential rate increases possible at the December meeting.
A gift to scammers: why you should probably keep your birthday a secret
Cybersecurity experts warn that birthdates collected during online sign-ups can be exploited by scammers who combine them with other stolen data to commit identity fraud and impersonation.
Crude oil exports from strait of Hormuz largely return to pre-war levels
Crude oil exports from the Strait of Hormuz have rebounded to pre-war levels as producers use alternative pipelines and ship-to-ship transfers, though refined product flows remain constrained and prices elevated.
The EU Clean Corporate Vehicles Regulation: The Industrial & Economic Benefits of “Made-in-EU” Electric Company Cars
Independent modeling indicates the EU Clean Corporate Vehicles Regulation could generate €48 billion in value and 344,000 jobs by 2030, with potential benefits for major automakers like Volkswagen.
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Consumers turn to buy now, pay later for essential expenses — with growing risks
Buy now, pay later services have surged to nearly $157 billion in 2025, with 44% of Americans planning to use them within six months, often for essential expenses like groceries and medical care rather than discretionary purchases.
Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
Social Security cost-of-living adjustments for 2027 are estimated between 3.7% and 3.8%, down from previous projections as inflation moderates, with official figures to be announced in October.
Bipartisan group of senators propose Social Security reform process ahead of funding shortfall
A bipartisan group of senators introduced the PROMISE Act to establish a legislative process for Social Security reform, as the program faces a projected funding shortfall by 2032.
Americans say they need $1.2 million to retire comfortably, survey finds — but many expect to fall short
A new survey finds Americans believe they need $1.2 million to retire comfortably, yet only 30% expect to reach $1 million in savings before retirement.
Homebuyer affordability slipped for fifth straight month, real estate index shows
Homebuyer affordability declined in June for the fifth consecutive month despite slowing home price gains, with the income needed to qualify for a mortgage reaching $109,152 according to the National Association of Realtors’ index.
Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher
A 65-year-old retiring in 2026 may spend an average of $185,500 on healthcare, according to Fidelity Investments, marking a 7.5% increase from the prior year’s estimate.
Buying a condo with a mortgage may soon get more complicated. Here’s why
Fannie Mae and Freddie Mac are implementing stricter condo lending policies on Aug. 3, requiring more comprehensive reviews of building finances and conditions, potentially complicating mortgage approvals for condo purchases.
Ford raises guidance after Q2 earnings beat, says F-Series recovery is on track
Ford raised its 2026 earnings guidance after beating second-quarter expectations, citing operational improvements and strong vehicle pricing. The company’s shares rose nearly 7% in after-hours trading.
How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner’s AI hedge fund Situational Awareness collapsed from a $45 billion peak to roughly $10 billion after forced liquidations of leveraged bets amid semiconductor stock declines.
Silicon Motion Crushed Earnings and Surprised Memory Chip Bears
Silicon Motion reported second-quarter sales of $451 million, a 127% year-over-year increase that exceeded guidance, signaling sustained memory chip demand through 2027 and beyond.
JPMorgan Predicted Up to $8 Billion of Year-One XRP ETF Inflows. Here’s Why Inflows Are Stuck at $1.5 Billion
XRP ETFs have accumulated $1.51 billion in inflows since launching in November 2025, falling significantly short of JPMorgan and Standard Chartered’s predictions of $4 billion to $8 billion in first-year flows.
The Hundred: Birmingham Phoenix seal first win by beating Welsh Fire in front of Jude Bellingham as Southern Brave continue perfect run
Birmingham Phoenix secured their first victory in The Hundred women’s competition by defeating Welsh Fire with one ball remaining, while Southern Brave extended their unbeaten record to five consecutive wins.