CNN 5 Things Consumer spending boost, student loan interest hike, radioactive wasp nest & more
Jul 31, 2025
Consumer spending is rising despite economic concerns. An influx of student loan interest is set to hit eight million borrowers hard. Tehran faces a dire water crisis linked to climate change. Microsoft approaches a staggering $4 trillion valuation, fueled by AI innovations. Meanwhile, an alarming discovery of a radioactive wasp nest has authorities in a tizzy, as its safety remains questionable amid rising skepticism from watchdog groups.
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US Consumer Spending Resilience
- Consumer spending rose modestly despite looming tariff deadlines and inflation concerns.
- This resilience is supported by stock market gains and wage growth, hinting at economic stability.
Student Loan Borrower Advice
- Borrowers on the SAVE student loan plan should contact the Department of Education or their loan provider.
- This helps understand options and see if another repayment plan might be more advantageous.
Tehran Water Crisis Insight
- Tehran faces a severe water crisis, nearing a point of 'water bankruptcy.'
- A combination of drought, overuse of underground aquifers, and infrastructure issues are driving this emergency.