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Economists expect President Joe Biden's sweeping student loan relief action will add fuel to the inflation fire already facing the nation.

Student loan relief will increase inflation, wipe out Inflation Reduction Act benefits

Biden "wiping out all this debt" won't get to root of student loan problem, experts said. Still, the "one-time shot" will cost around $300 billion.

Biden’s student loan cancellation will be ‘all for naught’ without systemic solutions

After a nearly 2.5 year student loan payment pause, the looming August 31 deadline has borrowers and loan servicers scrambling for answers.

Biden’s student loan decision down to wire, leaving millions in the dark

A whistleblower, former Twitter security chief, said the platform is failing to protect user data and lying to the company's board and federal regulators.

Whistleblower: Twitter riddled with security problems, execs lying to board

Amazon’s Signify Health bid marks latest attempt to expand into healthcare

After four Fed rate hikes, we have ways to benefit from rising interest rates

There are signs the Fed is starting to destroy demand in its attempt to temper inflation, but food and housing are proving to be problematic.

Investors underestimating Fed’s resolve to bring down inflation, insider says

On Tuesday, Walmart surprised investors and analysts by beating expectations for earnings and revenue in the fight against inflation.

Walmart is attracting higher-income families in the fight against inflation

U.S. stocks and commodities fell Monday morning after troubling growth numbers from China, which cut key interest rates in response.

China’s surprisingly sluggish growth in July drags down global economy

It took two years for Novavax to get its COVID-19 vaccine to Americans. Since then, just 9,766 shots have been administered, or $163,834 per shot.

Is Novavax Trump’s Solyndra? $1.6B in taxpayer funds, just 2,500 vaccinated

Firms like Netflix, Microsoft and Meta have spent billions to get in on the pandemic-fueled video game boom. Here are 5 deals that may not pay off.

Netflix makes games? Five gaming investments that have yet to pay off

A dip in energy prices helped cool annual inflation in July, which has hovered at four-decade highs all year. Consumer prices stayed flat.

Consumer prices stay flat in July, annual inflation cools to 8.5%

A major auto group said tax credit requirements will make most of their electric vehicles immediately ineligible and jeopardize sales targets.

Most electric vehicles will not qualify for $7,500 tax credit

Senate Democrats are celebrating the partisan passage of the Inflation Reduction Act, but is it a misnomer? Here's what nonpartisan analyses say.

Reports: Democrats’ Inflation Reduction Act will not reduce inflation soon

Tech giants like Google, Apple and Meta are trying to get even bigger, but they face pushback. Here are the 5 biggest stories in antitrust.

Stephen King testifies and Google could get sued in biggest antitrust news

Cattle ranchers are increasingly selling off their herds, including breeding stock, as widespread drought and heat waves challenge operations.

As cattle ranchers sell off herds to combat drought, effects will last years

3 things we’ve learned from earnings season, from Big Oil to Big Tech

Since GDP turned negative for the second straight quarter, the U.S. has been thrust into a politically-heated debate: Are we in a recession?

Recession or not, here’s why Americans feel like the economy is going downhill

GDP has fallen for two straight quarters, stoking flames of a recession, so we have some recession-proof sectors in this week's Five For Friday.

5 recession-proof industries that can weather an economic downturn

The U.S. economy shrank for the second straight quarter, stoking recession fears, as the GDP 0.9% contraction follows a 1.6% contraction first quarter.

GDP is negative for second consecutive quarter, economy shrinks 0.9%

The Fed announced its fourth interest rate hike in as many months as the central bank tries to rein in 4-decade high inflation and prevent a recession.

What recession? Fed forges ahead with jumbo interest rate hike

China is trying to infiltrate the U.S. Federal Reserve and steal information and influence, according to a senior Senate Republican.

China is trying to steal Fed info and recruit employees: Senate report

The missile strikes penetrated doubt in a deal reached Friday to resume Ukraine grain exports, which have been piling up since Russia's invasion.

Wheat prices spike after Russia attacks Odesa, shaking confidence in export deal

After two years of pent up demand from the pandemic, weddings are back and more expensive than ever, for couples and for guests.

5 reasons weddings are more expensive than ever this year