The United States is pushing for faster action to reduce dependence on China for critical minerals. Treasury Secretary Scott Bessent is set to discuss this with finance officials from several countries. These nations together make up 60% of the global demand for these minerals. The urgency comes fr
The US is pushing other countries to act fast on reducing their dependence on China for rare minerals. This is a big deal because these minerals are used in many important things, like defense tech, batteries, and renewable energy. A senior US official said that the US Treasury Secretary will talk
In a surprising shift, the Trump administration seems to be moving away from the idea of 50-year mortgages. Bill Pulte, head of the Federal Housing Finance Agency, hinted that this option is no longer a top priority. Instead, the focus is on stopping big investors from buying up single-family homes.
President Donald Trump recently proposed a temporary 10% cap on credit card interest rates. This idea was shared on his social media platform, Truth Social. He wants this cap to start on January 20, which is the one-year mark of his return to the White House. However, he didn't explain how this cap
Mortgage rates took a nosedive recently, hitting a near three-year low. This drop came right after a big announcement about Fannie Mae and Freddie Mac buying more mortgage bonds. The idea is to make homeownership more affordable by lowering monthly payments. Fannie Mae and Freddie Mac don't give ou
South Korea is taking a big step to make its currency market more open. Starting in July, the country will allow trading 24 hours a day. This change is part of a bigger plan to make the Korean won more accessible worldwide. The goal is to attract more investors and increase demand for the currency.
President Donald Trump recently made a big announcement. He wants to buy $200 billion in mortgage bonds. He believes this will make homes more affordable. Trump shared this plan on Truth Social. He said Fannie Mae and Freddie Mac have lots of money. So, he thinks now is a good time to act. But who
So, there's this big talk about stopping large investors from buying up homes. The idea is to make housing more affordable for regular folks. Some folks think these big companies are making it harder for people to buy homes because they're buying so many. The person talking about this is Donald Tru
America's national debt is a massive problem. It has reached over $38 trillion. This number keeps growing fast. Interest payments alone are around $1 trillion each year. Experts warn this is not sustainable. One person who has ideas on how to tackle this is Mark Cuban. He thinks health insurance co
South Korea's financial leaders are stepping up to tackle a sliding currency. The won has been on a downward slope, and it's not following the usual economic rules. Finance Minister Koo Yun-cheol made it clear that they're keeping a close eye on the situation. He promised to address the imbalance in
