Trump says Taiwan is doubling the size of chipmaking plant in Arizona
President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help...
Author : Robert B. Hambrick
BLS took steps to fix data release failures but watchdog says more safeguards are needed
The Bureau of Labor Statistics has taken steps to address issues that led to the release of key economic data at improper times in 2024,...
Fourth of July cookout prices hit record high as America celebrates 250th birthday
Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a...
Mortgage rates tick slightly higher amid Iran, inflation uncertainty
Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey,...
US economy grew at 2.1% in first quarter
The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA)...
Bessent lays out 5 principles guiding Trump admin’s approach to economic statecraft
Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration’s approach to economic statecraft in a speech in which he outlined five core principles guiding...
Delta CEO Ed Bastian reveals what he says must happen for airline ticket prices to fall
As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines CEO Ed Bastian revealed exactly what it will take for...
Oil tanker traffic through Strait of Hormuz hits highest level since conflict began but mines remain
Traffic by tankers transiting the Strait of Hormuz has picked up amid the negotiations between the U.S. and Iran aimed at ending the war, which...
Housing affordability unlikely to return to more favorable levels of the past, economist says
The affordability of the U.S. housing market may not improve significantly over time for would-be homebuyers, with a new report suggesting that they shouldn’t wait...
Mortgage rates fall to lowest level in over a month as Iran deal framework takes shape
Mortgage rates fell this week to the lowest level in more than a month, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage...