Wall Street warns that the U.S. Department of Education's resumption of student loan collections could dramatically impact low-income Americans, potentially cutting billions from disposable income monthly. Experts predict a significant strain on consumer finances amid rising costs and economic pressures.
Burberry has announced plans to cut 1,700 jobs as part of a cost-saving initiative following a £66m loss. The cuts, primarily affecting the UK, aim to streamline operations and ensure the brand's future in luxury fashion.
In a surprising move, Microsoft has confirmed it will lay off thousands of employees, potentially affecting over 6,800 workers. This marks the largest wave of layoffs since 2023, as the tech giant navigates a challenging market.
One year after the Gannon storm, NASA reveals how this geomagnetic event disrupted satellites, caused financial losses for farmers, and even impacted Mars. Discover the incredible insights and lessons learned from this historic solar event!
Lainey Wilson stole the spotlight at the 2025 ACM Awards, winning four prestigious categories while Kelsea Ballerini faced disappointment despite her nominations. Ballerini's meme reaction went viral, highlighting the emotional rollercoaster of the night.
The U.S. stock market has made a remarkable recovery following President Trump's unexpected tariffs. After a dramatic drop, the S&P 500 is back to its April levels, but uncertainty looms as companies adjust forecasts amidst turbulent trade policies.
In a nail-biting Game 6, James Harden scored 28 points, leading the LA Clippers to a 111-105 victory over the Denver Nuggets and forcing a decisive Game 7. Kawhi Leonard also shined, contributing 27 points and 10 rebounds. The Clippers showed resilience after previous losses, with a strong second half performance and effective defense on Jokic.
The U.S. Department of Veterans Affairs has ended its mortgage-rescue program, leaving thousands of veterans at risk of foreclosure. Critics warn this decision could lead to widespread home losses among military families.
Stock futures surged on Wednesday as Meta and Microsoft reported impressive quarterly results, helping the market rebound from earlier losses. Despite economic concerns, investors are optimistic about the tech sector's performance.
U.S. President Trump's trade war is wreaking havoc on major corporations. With companies like UPS cutting 20,000 jobs and GM abandoning outlooks, the uncertainty is palpable. Are consumers bracing for a major economic downturn?
