Paypal is seeking a banking charter. This move aims to allow the company to offer savings accounts with interest and federally insured deposits. It will also boost their lending to small businesses. This positions Paypal as a full financial institution. The application is under regulatory review. Customers may see new financial tools soon.

Americans are struggling with soaring health insurance costs. Enhanced federal subsidies are ending, causing premium hikes. Many are switching to cheaper Obamacare plans or considering going without coverage in 2026. States like New York, Pennsylvania, Idaho, Colorado, and California report slower sign-ups. This trend signals financial stress as millions face double-digit premium increases without government aid.

Millions of Android users in the U.S. may receive money from Google without filing a claim due to a $700 million settlement. This payout stems from a lawsuit alleging anticompetitive practices in the Google Play Store between August 2016 and September 2023. Eligible users are being notified via email to receive automatic payments.

Google is gearing up for a new era of smart glasses, powered by advanced AI. These new spectacles, expected in 2026, promise a sleeker design and enhanced functionality, connecting with Google's Gemini chatbot. Users can anticipate voice-activated assistance for queries and navigation. This move signals Google's renewed focus on wearable technology amidst growing market competition.

As 2025 nears its end, no official IRS or Congressional announcements confirm new federal stimulus or rebate payments. Past COVID-era checks have concluded, and proposed programs remain unrealized. Meanwhile, state-level relief persists. The IRS warns of scams exploiting confusion, urging taxpayers to verify claims through official channels and avoid sharing personal information.

Tourism in the U.S. has dropped significantly in 2025, with cities like Las Vegas, Los Angeles, and New York seeing fewer foreign visitors. Experts attribute this to President Trump's tariffs, stricter immigration policies, and controversial remarks. A new travel ban, coupled with economic uncertainty, has also impacted international events, making the U.S. the only country to see a decrease in foreign spending.

President Trump's intensified immigration enforcement in July 2025 saw a surprising decrease in ICE arrests by nearly 20%, despite efforts to increase them. Widespread protests against controversial raids and legal challenges restricted ICE's operations, particularly in Southern California. While arrests declined, deportations increased, highlighting the administration's shifting strategies amid logistical and legal obstacles.

Elon Musk's position as the world's richest man is in jeopardy due to an $80 billion drop in his net worth this year, primarily driven by Tesla's declining performance and a 20% stock price decrease in 2025. Despite shareholder approval of a large pay package, investor confidence has been shaken.

Apple is poised to announce a significant $100 billion expansion of its US investment, adding to its existing $500 billion commitment. This new pledge will bolster domestic manufacturing, create jobs, and foster technological innovation. The move aligns with the Trump administration's push for reshoring and aims to strengthen US leadership in key technologies like AI.

US stock market investors are bracing for a volatile August 2025, influenced by President Trump's trade policies. New import duties on goods from 69 countries take effect on August 7. The US-China trade truce expiration on August 12 could trigger renewed tariffs. Furthermore, the end of the 'de minimis' exemption on August 29 will impact e-commerce.