House passes Trump's 'big, beautiful bill'
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5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Many luxury SUVs are getting big price cuts as 2025 comes to an end. Dealers have more cars than buyers, and many models are changing or getting replaced. According to Lauren Fix from Car Coach Reports, high prices and slow demand mean better deals for Americans searching for a luxury SUV. Discover More: For You: Rising loan rates and expensive insurance make owning a luxury SUV even harder this year. Electric SUVs have the sharpest price drops, but gas-powered models are not immune, especially those facing a redesign. Waiting until late in the year could help buyers find bigger discounts as dealers try to move outgoing models. Here are five luxury SUVs with the largest price drops expected before the end of 2025. BMW iX The BMW iX is dropping in price quickly as new electric models and tech updates come out. According to Kelley Blue Book, the BMW iX xDrive50 can lose $51,000 in value over five years, keeping only $37,000 of its original price. Dealers are discounting the iX to clear space for new versions and match slow demand from buyers. Fix notes that struggling sales and a high starting price are leading to strong incentives on the iX. Americans shopping for this SUV in late 2025 could see lower prices and special finance offers from dealers. Patience may pay off for those waiting until the model year ends. Check Out: Mercedes-Benz EQE SUV 'Overproduction and weak consumer interest in all-electric luxury SUVs, including the Mercedes-Benz EQE SUV,' Fix said. Large price drops are common as electric SUV demand slows and new features make older models feel outdated. Earlier this year, when Mercedes-Benz rolled out massive discounts on 2025 high-end EVs, the EQE SUV price was slashed by $8,000. Fix added that high lease returns put even more pressure on dealers, making it easier to bargain for a good deal. Many buyers pick newer technology, which means current models are often discounted by the end of the year. With these developments, it'll be smart to watch out for extra incentives, stacked on top of already lowered prices, before 2025 ends. Cadillac Lyriq The Cadillac Lyriq sees regular markdowns, with more cars than buyers available at most dealerships. According to GM Authority, current deals include low-interest loans, cash rebates and lease offers with extra perks. Buyers can find a $2,000 incentive if they own a vehicle from another luxury brand, plus loyalty bonuses from Cadillac. Fix points out that Cadillac is lowering prices to keep up with new, cheaper rivals offering longer range. As a result, late 2025 could bring even deeper discounts for those ready to buy or lease. Big rebates and extra cash back help buyers get more value for a new Lyriq. Audi Q8 e-tron Audi's Q8 e-tron is about to be redesigned, and dealers are eager to sell the current version. According to Kelley Blue Book, it can lose more than $50,000 in value over five years, leaving a resale price of nearly $23,000. This full-size electric SUV is getting marked down as stores look to avoid old inventory stacking up before new versions launch. Fix explains that strong competition from other electric SUVs adds to the downward price pressure. Watch for deep discounts at stores hoping to clear the Q8 e-tron before the next big update. Buyers can use this timing to ask for better deals and incentives. Genesis GV60 The Genesis GV60 is losing value fast because it is less well-known and faces heavy competition. Kelley Blue Book lists cash-back deals, with special bonuses for groups like first responders, college graduates and military members. Dealers have also advertised extra incentives for those choosing a Genesis over other luxury brands. Fix shares many Americans pick more established luxury names, giving power to those willing to make a switch. Newer electric SUVs with better features cause GV60 prices to stay low through deep discounts and rebates. Waiting for year-end clearance could help buyers save even more. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
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I Asked ChatGTP What Trump's China Deal Means for the Middle Class — Here's What It Said
Rapidly shifting pieces have been synonymous with President Trump's trade policy — China included, according to AP News. Chinese producers sell more than $400 billion worth of goods in the U.S. annually, per Reuters. In order to help orient ourselves within all the changes right now, here's what ChatGTP said President Trump's latest deal with China means for middle-class finances. Check Out: For You: Tariff Reductions Are Partial, Short-Term Relief Tariffs aren't gone, but middle-class households face partial relief because of tariff reductions. A deal slashed U.S. tariffs on Chinese goods from 145% to 30%, according to Time Magazine. However, an average American family would still face a net hike of $2,300 to $2,800 a year in additional tariff-related costs. Trending Now: Consumer Prices Are Still Elevated Consumers continue to pay higher for everyday items, including electronics, clothing and appliances due to residual tariff burdens. Tariffs work like regressive taxes with those in the middle-class paying a larger share of income, per Bloomberg. Inflation and Reduced Purchasing Power Consumer Price Index (CPI) increases tied to tariffs could hit 1.3% to 2.3%, depending on whether all planned tariffs take effect, per Barron's. This is equivalent to a loss of $1,900 to $3,800 in real purchasing power per household annually. Uncertainty Hinders Business and Hiring Amidst pronounced uncertainty, businesses and consumers alike may be less inclined to make big changes or commitment. 'The stop-start nature of tariff implementation slows corporate investment, especially in manufacturing — limiting job growth and wage pressure. Consumer confidence can waver amid this uncertainty,' ChatGPT said. Risk of Retaliation and Spillover Any potential repercussions don't end just because tariffs end. Chinese retaliatory tariffs on U.S. exports could hit middle-class related industries, including autos, agriculture and manufacturing, leading to layoffs or price hikes. 'Ongoing tit-for-tat risks mean future prices and employment could shift again,' ChatGPT explained. So, What Are Your Next Moves? ChatGPT had four suggestions for what to do right now: Budget for inflation in your essential expenses, including groceries, clothes and electronics. Lock in rates for mortgage and loans sooner rather than later as uncertainty may affect financial markets. Track CPI and Fed signals. These reflect tariff-driven inflation trends. Diversify income streams to guard against local job or wage hits. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 5 Cities You Need To Consider If You're Retiring in 2025 This article originally appeared on I Asked ChatGTP What Trump's China Deal Means for the Middle Class — Here's What It Said Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump Fired Off A Sexist Trope At A Faith Luncheon. It Shows He's An ‘Unhappy Man,' Expert Says.
President Donald Trump fired off a sexist trope about women when he rambled on and on about his so-called Big Beautiful Bill during a faith luncheon at the White House earlier in July. During Trump's speech at the White House Faith Office luncheon with business leaders, he went on a tangent about the giant bill he'd signed into law, which favors the wealthy and is expected to cause millions of people to lose their health insurance. The president complained about the Republicans who'd initially pushed back on the legislation and claimed the bill would 'perhaps' prevent an economic depression that, he bizarrely reasoned, wouldn't be good for 'unattractive' men married to women. 'You people, so rich, so beautiful, so nice to look at, will be totally busted,' he said. 'And let's see how long your wife stays with you ... she'll stay with you for about three weeks and she'll say, 'Darling, I can't take it anymore. I can't take it anymore, darling, I'm leaving you.'' 'I said to one guy — he's a very, very unattractive man — but he's smart and he's rich, and I said, 'You better hope we get this thing passed because your wife will be gone within about two minutes,'' Trump continued. 'He said, 'You're right.'' The crowd erupted in laughter. Trump has made a few public quips about women marrying for money in recent months. Back in May — again making an assumption about his audience — the president inexplicably warned graduating cadets about 'trophy wives' in a commencement address at the United States Military Academy at West Point. He said that trophy wives often don't 'work out' as he told the story of the late real estate developer William Levitt and his eventual professional downfall. Geralyn Fortney, a licensed professional counselor and regional clinic director with Thriveworks who specializes in women's issues, previously told HuffPost that narratives about women marrying men for financial benefits is a 'long-standing sexist trope.' 'It dismisses the fact that everyone, even women who marry men of privilege, is capable of marrying for love,' she said. 'This is a long-standing sexist trope that discredits women as incapable of love without strings attached, and also makes us believe that women are unable to have success on their own!' As it relates to Trump's speech on Monday, Kari J. Winter, a professor of American studies at the University at Buffalo, said that the president — in addition to 'incessantly sexualizing women' — seems to 'have a core belief that women marry only for money.' 'Like a crude, cliched commercial that uses women's bodies to sell cars or booze or whatever, Trump conjures absurd, non-sequitur images of patriarchal marriage to sell his disastrous economic policies,' she told HuffPost in an email. 'He is literally telling men that they need his economics to keep their marriages afloat.' Trump's worldview is 'transactional and misogynistic' — and he's unhappy, Winter says. Winter, whose expertise includes gender, feminism, race and class, doesn't think Trump is consciously pushing a trope — she believes his 'worldview is fundamentally transactional and misogynistic.' 'In these remarks, he is addressing men despite the presence of women in the audience, and he assumes that they share his belief that wealth is the only way to attract and keep women,' she said. 'In his repetitive use of the 'trophy wife' trope, we can see that underneath his arrogance and delusions of grandeur is an unhappy man who does not believe that he is worthy of love.' 'Maybe he doesn't even believe that love is a thing,' she continued. Winter admitted that she laughed out loud when she first heard Trump's remarks at the faith luncheon — but not because his speech was funny. She laughed because his comments were 'spectacularly awkward, inarticulate and idiotic.' 'We expect incoherent word salads from Trump, but the rambling offensiveness of his remarks continues to exceed expectations,' she said. When asked to share her thoughts about the audible laughs Trump received from business leaders in attendance at the luncheon, Winter said: 'Some wealthy people will pander to anything as long as they get tax breaks at the expense of the poor and middle class.' 'The enormous economic violence encoded in Trump's big, b*shit bill shows how morally bankrupt his rich supporters are,' she wrote before later adding, 'History bears witness to the fact that many people cloak themselves in the garbs of religion in order to provide cover and permission for their most hateful, violent impulses.' 'They should be ashamed of themselves, but they appear incapable of shame so we as a society need to find a way to hold them accountable,' Winter added. Related... Trump Mocked For Claiming 'Big Beautiful Bill' Helps Ugly Rich Guys Stay Married 'South Park' Goes Scorched-Earth On Trump In Shockingly NSFW Season Premiere Stephen Colbert Absolutely Torches Corporate Bosses Amid New Trump Settlement Claim
