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Brian Cheung

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13d ago

‘It’s discouraging’: Increasingly expensive housing market stymies would-be buyers

Interest rates on a 30-year fixed mortgage soared to 7.2%. Coupled with near record high prices, it’s putting homeownership out of reach for millions.
15d ago

Fed raises interest rates for first time since 2023, defying Trump as inflation mounts

The move comes after years of demands from the president for lower rates and could be the start of additional increases.
18d ago

Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.

Treasury Secretary Scott Bessent appears to be losing a tug-of-war with the bond markets he is also trying to influence.
20d ago

Inflation ticked up in August, setting the stage for the Fed to hike interest rates

Inflation overall in August rose by 0.4% month over month to an annual rate of 3.4%, which was unchanged from July.
33d ago

How Fed Chairman Kevin Warsh course-corrected after a ‘confusing’ debut

Federal Reserve Chairman Kevin Warsh wrapped his keynote address in Jackson Hole, where he met many of his critics on interest rates and silenced them.
34d ago

Trump’s new Fed chair walks fine line on inflation in key speech

Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
35d ago

‘Big questions’ and few easy answers for Trump’s Fed chair at annual retreat

Federal Reserve Chair Kevin Warsh’s speech at the bank’s Jackson Hole retreat offers him a chance to outline an inflation strategy and boost his credibility.
38d ago

Welcome to a new (and expensive) era of foldable phones

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A labor shortage is choking off AI data center construction

Data center construction for artificial intelligence is running into a very physical problem: not having enough humans to install fiber-optic cable.
64d ago

The Fed keeps interest rates steady for a fifth consecutive meeting as Iran war and fresh tariffs threaten to drive prices higher

The decision was largely expected by investors, who have seen markets begin to churn amid ongoing concerns about higher oil prices and AI spending.
88d ago

Autonomous robots are the next frontier in clearing underwater mines

A new generation of robots is taking the human risk out of identifying and clearing underwater mines, giving the military a safer new option in dangerous waterways.