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Economics

Bessent Suggests US Already in Housing Recession, Calls for Lower Interest Rates

Economics The Epoch Times -
U.S. housing and the broader economy may already be in recession, says Treasury Secretary Bessent, urging the Fed to start cutting interest rates.

Trump Says He Won’t Let Nvidia Sell Advanced Chips to China, Other Countries

Economics The Epoch Times -
President Trump said he would not let China purchase Nvidia’s flagship Blackwell chips in an interview with CBS’s “60 Minutes” that aired on Nov. 2.
MAGA Business MAGA Business

Fed Cuts Rates by Quarter Point

Economics The Epoch Times -
The Federal Reserve cut interest rates for the second straight meeting on Oct. 29 as policymakers take a cautious approach to easing monetary policy.

Federal Reserve Expected to Cut Interest Rates Again This Week

Economics The Epoch Times -
The Federal Reserve is expected to cut interest rates again when officials meet this week for the Federal Open Market Committee’s two-day policy meeting.

Trump Considering Housing Emergency Declaration This Fall: Bessent

Economics The Epoch Times -
President Donald Trump is thinking about declaring “a national housing emergency in the fall,” Treasury Secretary Scott Bessent has said.

US Government Makes It Harder for Samsung, SK Hynix to Make Chips in China

Economics The Epoch Times -
The U.S. is tightening chip rules, rescinding authorizations that let Samsung and SK Hynix use American semiconductor equipment in China.

Fed’s Kugler Urges Holding Interest Rates Steady Amid Tariff-Driven Inflation Risks

Economics The Epoch Times -
Trump and senior admin officials say Federal Reserve is too slow to reduce rates, but Adriana Kugler says maintain interest rates at their elevated levels.

HUD Moves to End Biden-Era ‘Green’ Mortgage Programs for Affordable Housing

Economics The Epoch Times -
HUD Sec. Scott Turner announced that his department will overhaul Biden-era mortgage programs that it considers “misguided and inefficient.”
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Headlines

2 Men Charged for Allegedly Plotting ISIS-Linked Halloween Attack

Two ISIS-linked men who bought high-powered weapons and trained at gun ranges planned a violent Halloween weekend attack in suburban Detroit.

Microsoft Increases UAE Investment to $15.2 Billion After US Clears Nvidia Chip Exports

Microsoft plans to invest $7.9B in the UAE (2026–2029) after US approval to export advanced Nvidia chips for Gulf data centers.

Head Start Preschools Close Nationwide as Shutdown Enters Second Month

Head Start programs nationwide were forced to close at the start of November due to the government shutdown, now entering its second month. 

Pennsylvanians to Decide Whether to Keep 3 Democratic State Supreme Court Justices

Voters will decide whether justices Donohue, Dougherty, and Wecht should each be retained for another 10-year term, voting “yes” or “no” on each seat.

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