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In a surprising move that underscores ongoing debates about government spending and efficiency, former President Donald Trump recently announced a halt to the production of new pennies. In a post on Truth Social, he lamented the continued minting of what he deemed “wasteful” coins, noting that the costs associated with creating each penny have consistently
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In the fiscal year of 2024, DBS Bank, Singapore’s leading financial institution by assets, celebrated remarkable achievements that culminated in record net profits. Under the strategic guidance of CEO Piyush Gupta, the bank reported an impressive net profit of SGD 11.4 billion (approximately $8.4 billion). This marks an 11% increase from the previous year, pivoting
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As fluctuations in global markets continue to challenge investors, the dialogue around tariffs, geopolitical tensions, and emerging technologies remains a hot topic. Stock performances have been a roller-coaster, leaving many looking for stability while navigating potential downturns. One effective way to mitigate risk and potentially enhance returns is to consider dividend-paying stocks. The vast array
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The financial market reacted enthusiastically to Doximity’s recent earnings report, with shares soaring by 25% in after-hours trading following the announcement on Thursday. The company showcased significant growth in its third-quarter fiscal earnings for 2025, surpassing analysts’ expectations in both earnings per share (EPS) and revenue. Doximity reported an adjusted EPS of 45 cents, significantly
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Brock Purdy, the San Francisco 49ers’ quarterback, epitomizes the challenges that NFL teams face when evaluating talent. Drafted last—at the 262nd pick—in the 2022 NFL draft, Purdy’s emergence as a star quarterback has sparked a re-evaluation of traditional scouting methodologies. Despite his success leading the 49ers to the Super Bowl, Purdy’s journey illustrates how conventional
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The Consumer Financial Protection Bureau (CFPB), an agency established in the wake of the 2008 financial crisis to safeguard consumers from predatory lending practices, finds itself at a crossroads with recent developments that signal a troubling shift in its operational capacity. Following a memo from Acting CFPB director Russell Vought and a subsequent missive from
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Affirm, the pioneering buy now, pay later (BNPL) service, experienced a significant surge in its share prices, skyrocketing 22% in trading after reporting financial results for the second quarter that surpassed Wall Street’s expectations. This remarkable performance comes as a reassurance to investors during a holiday shopping season that proved more lucrative than initially forecasted.