Lisa Cook, a Federal Reserve Governor, is in the spotlight for some questionable mortgage moves. She's the first African American woman on the Fed Board, making her a trailblazer. But now, she's facing allegations that she might have played fast and loose with mortgage rules to score better deals.
The stock market is still in a "just right" phase, where things are not too hot or too cold, according to financial experts. This comes after recent economic reports showed mixed signals about inflation. While some areas of the economy are seeing higher prices, it's not enough to rule out a potentia
Crypto prices took a tumble recently, and it's all thanks to some unexpected news. The Producer Price Index (PPI) shot up by 0. 9% in July, which is a big deal because it's the highest jump in over three years. This news caught everyone off guard, especially since experts were only expecting a 0. 2%
A federal judge has put a stop to the Trump administration's plan to end diversity, equity, and inclusion (DEI) programs in schools and universities. Judge Stephanie Gallagher in Maryland ruled that the Education Department broke the law when it tried to cut federal funding from schools that kept th
In July, the cost of goods at the wholesale level in the U. S. shot up more than expected. This jump, the biggest in over three years, is partly due to the new taxes on imported goods. These taxes, put in place by the current administration, are making it more expensive for businesses to buy product
The U. S. has long relied on federal funding to fuel university research, a partnership that has driven innovation and economic growth. However, recent cuts and uncertainties under the current administration have left universities scrambling. The abrupt loss of federal grants can halt research, forc
In a surprising twist, many Democrats are quietly supporting President Donald Trump's recent move to take control of D. C. 's police force and deploy National Guard troops. This is despite their public criticism of Trump's actions. Joe Scarborough, a well-known TV host, recently shared that he has
Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that infl
The Nancy Grace Roman Space Telescope is getting a crucial upgrade. Engineers at NASA's Goddard Space Flight Center have attached two large sunshields to the telescope. These shields are like a giant sunblock for the telescope's sensitive instruments. They protect the instruments from the sun's heat
President Trump has decided to cross Scott Bessent off his shortlist for the next Federal Reserve chair. Bessent, who serves as the Treasury Secretary, made it clear he's happy with his current role. Trump shared this news during an interview and even joked about picking TV anchors for the job. Tru
