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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.
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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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Charles Murray Reflects on Faith, Science, and America’s Cultural Divide

Charles Murray's spiritual awakening reshaped his views on science and society, warning the West’s loss of faith has created a dangerous cultural void.

New York Urges Court to Dismiss Challenge of Content Moderation Rules

X lawsuit argues that New York state content moderation rules would compel disclosure of ‘controversial speech’ protected by the First Amendment.

RFK Jr. Calls for Global Ban on Mercury in Vaccines

U.S. Health Secretary Robert F. Kennedy Jr. urged all nations to eliminate mercury from vaccines at the Minamata Convention on Mercury in Geneva.

Dick Cheney, Former US Vice President, Dies at 84

Cheney's influence and unapologetic hawkishness earned him admiration and criticism—and the nickname “Darth Vader,” which he jokingly embraced.

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