Stephen Moore, a former economic adviser to President Trump, said Monday that Federal Reserve Chair Kevin Warsh is in a “tough” position ahead of the central bank’s meeting regarding interest rates this week. “It’s a tough position for my friend Kevin Warsh because I think job number one for the Fed [is to] get that…
The NBA announced Monday it is partnering with prediction markets Kalshi and Polymarket, as multiple states have sued those companies in an attempt to establish their regulatory authority over them. The league said in a release it entered into a memorandum of understanding with the Commodity Futures Trading Commission (CFTC) to designate Kalshi and Polymarket…
Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), said Monday he will not tolerate “abusive monopolies” dominating the mortgage market. “Abusive monopolies will not be allowed to take advantage of consumers anywhere in the mortgage market,” Pulte wrote Monday on social platform X. Pulte said last month that Fannie Mae and Freddie…
President Trump said Sunday his trade war with Canada will be over “soon,” as the dispute poses ongoing political problems for Republicans in the midterms. During a rally in Port Huron, Mich., Trump reiterated his view that Canada “has been ripping off” the U.S. “for years.” The president used that justification in imposing 50 percent…
The Treasury Department on Thursday moved to implement tenets of a bipartisan housing law Congress passed over the summer, including a ban on institutional investors buying single-family homes. Under impending regulations from the department, a large institutional investor cannot buy a single-family home starting on Jan. 7, 2027, with certain exceptions. The department is codifying…
U.S. consumer sentiment flatlined from September to October, as persistent inflation squeezes Americans’ finances. Consumer confidence sat at a measure of 48 percent this month, a minor decrease from last month’s reading of 48.1, according to the University of Michigan’s Surveys of Consumers Index. Consumer sentiment has dipped by 10.4 percent from October 2025, with…
The Wall Street Journal editorial board on Thursday took GOP Sen. Roger Marshall (Kan.) to task for backing an elimination of the cap on income subject to Social Security taxes. Marshall, the Journal editorial board wrote, is in “favor of what would be one of the largest peacetime tax increases in recent decades” by advocating…
President Trump signed an executive order Thursday aiming to lower mortgage payments as elevated borrowing costs have stifled the housing market. Trump’s order directs Federal Housing Finance Agency (FHFA) Director Bill Pulte to create a pilot program to cancel insurance premiums for government-backed mortgages once a borrower has satisfied equity requirements. The president also established…
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