Natalia Lebedinskaia | Moment | Getty ImagesAs a Biden-era relief measure for federal student loan borrowers comes to an end, some people could see their bills more than double.Earlier this month, the Trump administration announced that the so-called SAVE interest-free payment pause will expire on Aug. 1, and that enrollees’ education debts will begin to grow again if they don’t make payments large enough to cover the accruing interest.The Biden administration had moved people who enrolled in its SAVE plan into forbearance — a period during which federal student loan borrowers are excused from making payments — while the legal challenges against…
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People walk in front of the heavily damaged Syrian army and defence ministry headquarters in Damascus, following Israeli strikes on July 16, 2025. Louai Beshara | AFP | Getty ImagesIsrael and Syria have agreed to a ceasefire, the U.S. envoy to Turkey said on Friday, after days of bloodshed in the predominantly Druze area that has killed over 300 people.On Wednesday, Israel launched airstrikes in Damascus and hit government forces in the south, demanding they withdraw and saying that Israel aimed to protect Syrian Druze – part of a small but influential minority that also has members in Lebanon and Israel.”We call…
Investigative journalist Bob Woodward (L) chats with CNN Portugal correspondent in USA Luis Costa Ribas (not seen) after having delivered remarks on “New threats for Democracy” during CNN International Summit on November 21, 2022, in Lisbon, Portugal.Horacio Villalobos | Corbis News | Getty ImagesA federal judge on Friday dismissed U.S. President Donald Trump’s nearly $50 million lawsuit against the journalist Bob Woodward for publishing tapes from interviews for his 2020 best-seller “Rage” as an audiobook.The decision by U.S. District Judge Paul Gardephe in Manhattan is a victory for Woodward, his publisher, Simon & Schuster, and its former owner, Paramount Global.Woodward…
Yoon Suk Yeol attends a hearing for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan. 23, 2025.Bloomberg | Bloomberg | Getty ImagesSouth Korea’s jailed ex-President Yoon Suk Yeol was indicted on additional charges on Saturday as a special prosecutor continues investigating him for his short-lived declaration of martial law in December.The new charges include obstruction of the exercise of others’ rights by abuse of authority, ordering the deletion of records and blocking the execution of arrest warrants, the prosecutor’s office said in a briefing.Yoon has been on trial on charges of insurrection, which is punishable…
Olga Rolenko | Moment | Getty ImagesORBE, Switzerland — For almost a century, a nondescript factory in an unsuspecting town beneath the Swiss mountains has played host to some of the most widely consumed coffee trends brewed up by caffeine giant Nescafe.From the 1938 launch of its flagship soluble powdered coffee to freeze-dried granules and later coffee capsules, the Nestle-owned household brand is now targeting its latest iteration for the next generation of coffee drinkers.”We have to develop solutions specifically to bring young people into the Nescafe brand,” Don Howat, global category lead for Nescafe at Nestle, told CNBC.For Nescafe,…
Home equity is the portion of your property’s value that you own outright. To determine how much equity you have, subtract the balance on your mortgage from the house’s current market value.For example, if you paid cash for your home, you’d start out with full equity in the property. If you put 20% down, you would start with 20% home equity. That amount would tick upward with every mortgage payment.The faster you grow your equity, the faster you own your home entirely. Building equity increases your net worth, boosts your credit score, reduces how much interest you’ll pay over the…
Christine Hunsicker, founder and chief executive officer of CaaStle Inc., speaks during the Bloomberg Breakaway CEO Summit in New York, U.S., on Tuesday, June 18, 2019. Mark Kauzlarich | Bloomberg | Getty ImagesA prominent entrepreneur who founded the now-bankrupt clothing technology startup CaaStle was criminally charged on Friday with defrauding investors out of more than $300 million, the U.S. Department of Justice said.Authorities said Christine Hunsicker, 48, of Lafayette, New Jersey, promoted CaaStle to investors as a more than $1.4 billion “Clothing-as-a-Service” business that helped companies rent apparel to consumers with an option to buy, despite knowing it was financially distressed and…
June O’Connell, founder and director at Irish gin and whiskey-makers Skellig Six18 Distillery, said U.S. tariffs have hit her business hard this year.Paul McCarthy | Skellig Six18 DistilleryAlong the “last road in Ireland,” on the country’s rugged west coast, June O’Connell’s business Skellig Six18 makes gin and whiskey — a time-intensive process guided by the wind, rain and cool temperatures that roll in year-round off the Atlantic.America was a natural target market once their first spirits were ready to sell in 2019, according to O’Connell, given its strong familiarity with Ireland and big appetite for premium drinks. As an independent supplier,…
Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch.On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell.Trump later denied those reports, although he said he wouldn’t “rule out anything.”Trump has repeatedly said the central bank should have slashed its key benchmark by now. On Friday, Trump once again called Powell “too late” for not lowering interest rates already.”‘Too Late,’ and the Fed, are choking out the housing market with their high rate, making it…
JPMorgan Asset Management says there are two areas where equity investors can continue to find returns in a complicated second half: International stocks and artificial intelligence beneficiaries. Developed markets excluding the U.S. as represented by the iShares Core MSCI International Developed Markets ETF are up more than 17% year to date. Emerging markets as represented by the iShares MSCI Emerging Markets ETF has similarly rallied 17%. Meanwhile, the S & P 500 is up about 7% om 2025. That momentum should carry on in the latter half of the year, per, JPMorgan Asset Management. “We expect this strong momentum in…
