The Federal Government Is Retreating From Student Lending
President Trump's big tax-and-spending law includes new restrictions on how much students can borrow and how they repay. The provisions begin to reverse the government's near takeover of the $1.7 trillion student lending market over the past six decades.
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'There's never been a president that high!' the speaker of the House said.
House Speaker Mike Johnson dropped some jaws to the floor by suggesting Donald Trump is currently netting ratings that'd make a North Korean despot blush. 'The president is the most maligned and attacked political figure in the history of American politics,' he told CNBC. 'But he's also the most resilient. You see at the same time, his approval ratings are skyrocketing.' 'CNN had a story, I think a day or two ago, he was at 90 percent approval rating,' Johnson added. 'There's never been a president that high!'
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Warren Buffett says this book changed his life forever. Here's the real key to long-term gains
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Warren Buffett is one of the most renowned investors of our time. So, it's easy to forget that he was once a beginner too. Buffett claims he bought his first stock at age 11, then spent eight years focusing on stock price movements instead of studying the underlying companies. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how 'I had the whole wrong idea,' Buffett said in a 2022 interview with journalist Charlie Rose. 'I thought the important thing was to predict what a stock would do and predict the stock market.' But when Buffett was 19 or 20 years old, he read a book that would change his perspective forever: 'The Intelligent Investor' by Benjamin Graham. Instead of charting stocks or "stock picking," Graham advocated for the valuation of underlying companies. He theorized that stock prices eventually follow a company's financial performance. This simple philosophy shifted Buffett's view on investing forever. 'I realized that I was doing it exactly the wrong way,' Buffett said. 'I rejiggered my mind when I read the book.' This philosophy has worked for Buffett, but not everyone has time to read 500 pages of financial analysis a day. Here are three ways to level up your investing depending on how much time you have. Do your research Buffett once famously said that he reads 500 pages a day. While this might not be what every investor needs to do, you should think about spending more time with news and analysis from reputable sources. Buffett's approach favors analysis based on understanding the companies you're investing in, their industry, and the forces impacting their potential for growth. However, technical analysis — focusing on the numbers — also has a place for the modern investor. When you learn to balance both data and investment philosophy, you'll be well on your way to becoming a savvy market player. In short: where you get your stock market info from matters. With Moby, you can get advice from expert former hedge fund analysts, with a 30-day money-back guarantee. In four years, across almost 400 stock picks, Moby's recommendations have beaten the S&P 500 by almost 12% on average. Moby's team spends hundreds of hours sifting through financial news and data to provide you with stock and crypto reports delivered straight to you. Their research keeps you up-to-the-minute on market shifts and can help you reduce the guesswork behind choosing stocks and ETFs. Plus, their reports are easy to understand for beginners, so you can become a smarter investor in just five minutes. Trust the experts Aside from doing your own research, it can pay to invest in professional advice. Even Buffett surrounded himself with knowledgeable advisors at Berkshire Hathaway. Everyone has areas of expertise, but no one knows everything. With this in mind, an expert advisor can help you raise your game. As Buffett once said, 'Pick out associates whose behavior is better than yours and you'll drift in that direction.' 'In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you.' 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New York Post
26 minutes ago
- New York Post
NYC Mayor Eric Adams: ‘I have not asked' for Trump's help getting re-elected and president hasn't offered
President Trump has yet to make overtures to assist Mayor Adams' re-election bid — and Hizzoner isn't counting on it. Trump recently hailed Adams' re-election bid and many of the commander-in-chief's supporters continue to pressure Republican Curtis Sliwa to drop out of the race and prevent a victory by 'communist lunatic' Zohran Mamdani. But Adams told The Post 'I have not asked him for [an endorsement or help], and he has not interfered with this race at all.' 5 Mayor Eric Adams says President Donald Trump has yet to make overtures to assist his re-election bid – and he's not counting on it. J.C. Rice Adams faces an serious uphill battle to get re-elected — with a series of recent polls having him in a distant third or fourth place, more than 20 points behind Democratic nominee and frontrunner Mamdani. Adams, however, expressed confidence he'll pull off an upset win in November, even if Sliwa and former Gov. Andrew Cuomo — a registered Democrat like Adams also running as an independent — remain in the race. 'I got to win the race based on what I do best, and that's campaign,' said Adams during an interview Thursday on the backyard porch of Gracie Mansion. The trio are jockeying for the votes of moderate Dems and Republicans, as well as the largest swath of the independent voters. Cuomo and Adams have repeatedly called for each other to drop out of the race, claiming only they can stave off the young far-left socialist from being handed the keys to New York City. Adams, who has repeatedly cozied up to the president, skirted questions about whether he'd even want a Trump endorsement considering Dems outnumber Republicans 6-1 in the city. 5 Trump has declined to comment who he will support NYC mayor, instead telling reporters earlier this week, 'I don't want to say.' AFP via Getty Images However, he wondered out loud why Cuomo didn't get the same criticism he received from lefty critics after Trump on Tuesday said the ex-governor should stay in the race because he 'has a shot' to beat Mamdani and prevent a 'communist' from running NYC. Trump declined to say who he would support, instead telling reporters on the White House lawn, 'I don't want to say.' Adams also skirted questions on whether he'd accept the Republican line if it became available. For that scenario to play out, Sliwa, 71, under state election law, would either first have to accept a federal appointment or die. There's also some precedent for him to be removed from the ballot if he moves out of Gotham and alerts election officials he can't serve as mayor. Adams would then need the backing of at least three of the five Republican county chairs to replace Sliwa on the Republican line. 5 Socialist Queens Assemblyman Zohran Mamdani is frontrunner to become NYC's next mayor. Paul Martinka Sliwa, however, insists he remains all in on his mayoral bid — even though he's not expecting a Trump endorsement based on past bad blood between the two. Although Trump has yet to reach out to Adams, he has repeatedly blasted Mamdani after the socialist's stunning upset in New York's Democratic mayoral primary last month. 'Democrats have crossed the line by elevating a 100% Communist Lunatic,' Trump railed in a Truth Social post on June 25. Adams has repeatedly come under fire from his party's far-left faction for having a good working relationship with the Republican president. 5 Ex-Mayor Bill de Blasio said Adams should avoid a Trump endorsement if he wants to be re-elected. William Farrington Some pols and political pundits say Adams could see a significant bump in support from Trump-loving Republicans and moderate Democrats if the president offered the mayor his support. 'Moderates Democrats might have a problem with Trump, but they're more likely to have a bigger problem with Mamdani,' said Hank Sheinkopf, a longtime Democratic consultant. 'They might look at Adams and say he's a [retired NYPD] cop and understands all our problems.' Yet Adams should expect little support from New Yorkers who voted for Mamdani in the Democratic primary — especially if Trump endorses him, Sheinkopf added. Far-left ex-NYC Mayor Bill de Blasio agreed, adding a potential endorsement from Trump would all but doom Adams' re-election campaign. De Blasio told The Post his advice for any candidate in the left-leaning Metropolis — including Adams — is 'you're going to lose more than you gain' with a Trump endorsement, considering only 30% of NYC voters supported Trump in last year's presidential election. 5 Former New York Gov. Andrew Cuomo — a registered Democrat like Adams — also is running for mayor as an independent. John Angelillo/UPI/Shutterstock 'It's simply bad math: Two-thirds of New Yorkers would react badly to someone they saw affiliated with Trump . . . so you lose a bunch of Democrats,' said de Blasio, an avid supporter of the 33-year-old Mamdani. 'It's not 2001 where a Democratic Michael Bloomberg took on the Republican [mayoral] line sort of in a fusion way like we used to have where a moderate Republican could be acceptable to a certain number of Democrats,' he said. 'This is a whole different reality because of Trumpism. People have just hardened on their positions, so I don't see how it adds up.'
