Trump announces that Taiwan is increasing its investment in an Arizona chipmaking facility.
Cerbras Systems CEO Discusses AI Chip Production President Donald Trump announced on Wednesday that Taiwan is set to expand its semiconductor manufacturing facility in Arizona, which he believes could elevate the U.S. semiconductor market share to 50% by the time he concludes his term. “We’re creating more jobs, and we have more people employed than […]
BLS acted after incorrect data was shared, but the watchdog is asking for further action.
Economic Data Release Issues Highlighted by Labor Department Report The Bureau of Labor Statistics (BLS) is working to fix problems that led to the premature release of significant economic data in 2024. However, the Inspector General noted that more needs to be done to protect this information. An Inspector General report analyzed three events where […]
FAA suggests noise regulations to remove restrictions on supersonic flights in the US
Supersonic Passenger Flights Could Be Making a Comeback On Tuesday, the Department of Transportation revealed plans to permit commercial supersonic flights across the continental U.S., a move that marks a significant shift after decades of restrictions due to sonic booms. The Federal Aviation Administration (FAA) has introduced a proposed rule aimed at establishing noise-based certification […]
Barbecue expenses for the Fourth of July reach all-time high amid 4% inflation increase
As Americans gear up for Fourth of July barbecues this weekend, they’re likely to notice that burgers and hot dogs are getting pricier due to ongoing inflation, according to a recent report. The American Farm Bureau Federation’s Summer Cookout Cost Study has found that a classic Fourth of July cookout for 10 people in 2026 […]
Mortgage rates rise a bit this week, with the 30-year rate at 6.49%
Rep. Troy Downing Discusses Trump’s Housing Bill Delay Rep. Troy Downing from Montana spoke about President Trump’s choice to postpone signing the housing bill until the Senate progresses on the SAVE America Act. Mortgage Rates According to Freddie Mac, the mortgage buyer, rates were mostly stable, although there was a slight increase this week. The […]
Scott Bessent describes five key principles for Trump’s economic strategy.
U.S. Treasury Secretary Advocates for Domestic Economic Strength U.S. Treasury Secretary Scott Bessent has underscored the belief that economic security begins at home, emphasizing the need for investment in industries like semiconductors and artificial intelligence. He argues these are crucial to national strength and that the U.S. should lead in these sectors. During a speech […]
Delta’s CEO shares when airline ticket prices may decrease.
Delta Air Lines CEO Ed Bastian spoke on Morning with Maria about rising fuel costs, resilient travel demand, and the airline’s plans for global expansion. As inflation and high airfare prices concern American travelers, Delta Air Lines CEO Ed Bastian has shared insights on what it might take to lower ticket prices. He pointed out […]
Oil prices decrease as shipping through the Strait of Hormuz increases, despite mine risks
Increased Oil Flow Through Hormuz Stresses Falling Prices Recent reports indicate that President Donald Trump highlighted a significant increase in oil movement through the Strait of Hormuz, with 19 million barrels noted as an all-time high. This surge is contributing to a notable decline in oil prices. As the U.S. and Iran engage in negotiations […]
Housing affordability will not go back to the levels seen before 2022, according to Morgan Stanley.
Housing Market Outlook: Challenges and Trends Kenny Porcari, the chief market strategist at Slate Stone Wealth, shared insights on the role of AI, the impact of SpaceX’s IPO on investor expectations, and offered a market outlook during an interview on Varney & Company. The prospects for homebuyers might not be looking significantly better in the […]
Mortgage rates decrease to 6.47%
Fed Chairman Discusses Interest Rates and Future Guidance In a recent press conference, Federal Reserve Chairman Kevin Warsh spoke about the central bank’s strategy on forward guidance and whether discussions regarding potential future rate cuts took place. This week’s drop in mortgage rates is noteworthy; it’s the lowest seen in over a month, according to […]