USA Rare Earth has attracted billions in government and private capital, but unresolved questions about Round Top’s ore quality, delayed commercial production and Cantor Fitzgerald’s involvement continue to shadow Washington’s ambitious critical minerals bet.
The average 30 year fixed mortgage rate reached 7.12% as higher oil prices, rising Treasury yields and the Federal Reserve’s latest rate increase intensified pressure on homebuyers and drove more applicants toward adjustable rate loans.
Trump and Xi may explore AI safety frameworks and an emergency communication channel, but disputes over advanced chips, distillation, verification, and technological leadership leave little prospect that either country will agree to slow development.
Leading AI executives are expected before the U.N. Security Council as warnings over advanced models collide with Trump’s growth focused stance and a string of disclosures involving autonomous hacking, cyber incidents and other concerning behavior.
Xi Jinping’s state visit is approaching, but Beijing has not named the Chinese executives accompanying him. Microsoft CEO Satya Nadella is expected at Thursday’s dinner, while representatives from several prominent Chinese companies reportedly remain under consideration.
Susan Collins backed the Federal Reserve’s unanimous quarter percentage point rate increase, warning that inflation could remain notably above 2% as updated projections pointed to another increase this year and possible further tightening in 2027.
MS NOW, CNN and Politico plan to seek emergency federal relief restoring White House access, arguing Trump revoked press credentials without notice and retaliated against protected reporting, while the president says he is targeting what he calls fake news.
Scott Bessent rejected federal liability protection for AI developers while outlining talks with China, defending a Treasury buyback and predicting interest rates will fall after the Iran war ends.
GM is restoring Apple CarPlay and Android Auto after customer and dealer resistance threatened sales, while a new split view dashboard preserves the automaker’s native applications, access to driver data, and pursuit of subscription revenue.
Judge George H. Wu questioned whether ending TikTok’s 2019 consent decree would provide a durable remedy, potentially disrupting a proposed $400 million settlement tied to allegations that the company failed to protect children’s online privacy.
Goldman Sachs says declining happiness and trust may help explain why consumer sentiment remains deeply depressed despite solid economic indicators, raising questions about whether sentiment can still reliably predict economic dynamics.
IRS compromise approvals plunged 57% from 2023 even as applications rose 29%, leaving struggling taxpayers with fewer routes out of mounting debt while experts question staffing cuts, complicated reviews and possible changes in agency discretion.
Michigan Republicans are examining Rx Kids over unrestricted payments and absent income limits, while supporters defend the maternal cash assistance initiative as flexible relief for families facing mounting economic pressure.
The Bank of England held rates at 3.75% despite inflation reaching 3.1%, breaking with other major central banks as dissenting policymakers warned that energy shocks and entrenched price pressures could force tighter policy soon.
Carney says Canada will determine its own international partnerships as Ottawa and Brussels explore an unprecedented associate membership structure, even as Trump dismisses the proposal and threatens Europe with heavy tariffs.
Trump demanded interest rates of 1% or less after the Fed unanimously raised rates to 3.75% to 4%, while revealing that he discussed Kevin Warsh’s planned vote before the central bank reached its decision.