The Federal Reserve is getting four new members this year, and they might not be too keen on cutting interest rates. These new voters could make things tricky for President Trump, who's been pushing for lower rates. The Fed's job is to keep prices stable and make sure everyone has a job, but that's
The housing finance landscape is experiencing a significant shift. Bill Pulte, the leader of the Federal Housing Finance Agency (FHFA), has given Fannie Mae and Freddie Mac the go-ahead to acquire a much larger amount of mortgage bonds. This decision could have far-reaching effects on the housing ma
The European Union has decided to extend a pause on a massive trade retaliation plan against the United States. This plan, worth 93 billion euros, was set to kick in on February 7. The EU and US had previously agreed to hold off on this plan for six months, back in August 2025, when they released a
Big changes are coming to GM's factories. The Chevy Bolt EV, a budget-friendly electric car, will soon be gone. Its factory in Kansas will instead make a Buick SUV from China and a Chevrolet Equinox from Mexico. Why the switch? It's all about money and politics. Building cars in China and Mexico go
The U. S. House of Representatives recently voted to undo a mining restriction in northern Minnesota. This move could open the door for a big mining project by Antofagasta, focusing on copper, cobalt, and nickel. The vote was close, with 214 in favor and 208 against. This decision now heads to the
President Donald Trump hinted that he might have already picked someone to lead the Federal Reserve. He mentioned that he had three candidates initially, but now it's down to one or two. Trump also said he liked the idea of keeping Kevin Hassett, his economic advisor, in his current role. He praised
The Supreme Court is currently deliberating a significant case that could redefine the boundaries of presidential power over the Federal Reserve. At the heart of the matter is President Trump's attempt to remove Lisa Cook, a governor at the central bank, based on allegations of mortgage fraud that o
Jamie Dimon, the CEO of JPMorgan Chase, recently shared his thoughts on President Trump's proposal to cap credit card interest rates at 10%. He suggested testing this idea in Vermont and Massachusetts. He brought this up at the World Economic Forum in Davos, Switzerland. Dimon believes that a natio
The Consumer Financial Protection Bureau (CFPB) has had a rocky year. In early 2025, things took a dramatic turn. Employees were told to stop working. Offices were closed, but staff weren't on leave. They were just at home, staring at their screens, unable to do their jobs. This was part of a bigge
In recent days, President Trump has been quite busy. He's taken control of yet another oil tanker linked to Venezuela, this time called the Motor Vessel Sagitta. The U. S. Southern Command said this happened smoothly, but they didn't mention if the Coast Guard was involved, like in past seizures. Me
