Why Did SpaceX Stock Fall Below Its IPO Price
The report said the shares have dropped about 41 percent from their peak of $225.64, reducing the company's market value significantly.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
GOP Unveils Emergency Spending Bill For Defense And Election Security
The package allocates up to $73 billion for defense and national security, $12 billion in agricultural assistance for farmers affected by the ongoing trade war
Which Inflation Indicator Fell More Than Expected In June
The Producer Price Index fell 0.3% during the month, outperforming economists' expectations for no change.
Rising Mortgage Rates Slow Homebuyer Demand
The average interest rate for a 30-year fixed mortgage increased to 6.65%, up from 6.58% a week earlier
Warsh’s ‘Regime Change’
Warsh called inflation a tax on Americans and vowed to end it. The Fed votes on rates on July 29. Its own inflation gauge does not report June until the 30th.
U.S. Expands Sanctions On Cuba's Tourism Sector
The report said the sanctions, authorized under a May executive order, block the U.S.-based property and financial interests of the designated entities.
US Trade Fraud Investigations Surpass $1 Billion Mark
The total includes penalties, settlements, restitution, asset forfeitures and alleged losses in pending criminal and civil cases. About $150 million of the overall figure relates to ongoing cases.
Fed Chair Warsh Outlines New Strategy To Tackle Inflation
He acknowledged that elevated prices over the past five years have burdened American households and businesses
Consumer Prices Drop More Than Expected In June
The consumer price index fell 0.4% from the previous month, marking its biggest monthly decline since April 2020
Meta Expands Louisiana Data Center To $50 Billion Project
According to the report, the facility will become the company's largest data center project, significantly larger than the original 2-gigawatt plan valued at $27 billion.
What Is The Digital Euro And How Will It Work
The report said the digital euro would be an electronic form of central bank money available directly to the public while physical cash remains in circulation.
Why Are Economists Warning About AI's Impact On Jobs
The report said the letter, titled "We Must Act Now," argues that AI could become significantly more powerful over the next decade, increasing the risk of widespread job displacement.
Bosch Begins Sample Production At First U.S. Chip Plant
The report said Bosch acquired the Roseville, California, facility in 2023 and invested about $2 billion to modernize it.