Iran Ceasefire Nears Collapse After Exchange of Fire in Strait of Hormuz
The fragile ceasefire between the United States and Iran is under serious pressure after both sides exchanged fire around the Strait of Hormuz, raising fears the conflict could return to open fighting. Diplomatic efforts were still continuing, but recent clashes in and around the contested waterway have sharply increased doubts about whether the truce can […]
Higher Mortgage Rates Threaten to Slow an Already Weak Housing Season
Mortgage rates have risen to a one-month high, creating new pressure for buyers during what is usually the most important season for the U.S. housing market. The average rate on a 30-year fixed mortgage rose to 6.37%, up from 6.30% the previous week, according to Freddie Mac. That may appear like a small weekly move, […]
Sony Forecasts Gaming Sales Drop as PS5 Ages and Memory Chip Costs Rise
Sony forecast a decline in annual sales for its gaming business as the PlayStation 5 enters a more mature stage of its life cycle and the company faces pressure from rising memory chip prices. Sony expects gaming sales to fall 6% to 4.42 trillion yen, or about $28 billion, as hardware sales slow and the […]
Onshore Wind Developers Blame Pentagon Review Freeze for Blocking Clean Power Across 30 States
More than 250 onshore wind energy projects across the United States are stalled because the Pentagon has not completed required national security reviews, according to the American Clean Power Association. The delays affect projects in more than 30 states and represent at least 30 gigawatts of potential electricity capacity, enough to power millions of homes. […]
FEMA Reform Plan Would Shrink Federal Role in Disasters as Climate Risks Intensify
A Trump-appointed FEMA Review Council has approved a final report calling for major changes to how the Federal Emergency Management Agency operates, potentially reshaping the balance of responsibility between Washington and state governments in disaster response. The council’s recommendations portray FEMA as inefficient, overly bureaucratic, and in need of modernization. The report is not legally […]
Rising Gas Prices Hit Poorer Americans Hardest and Deepen the Wealth Divide
Rising gasoline prices are widening the economic gap between wealthy and lower-income Americans, according to research from the Federal Reserve Bank of New York. The study found that the latest gas price spike, driven by the conflict involving Iran and disruptions in global energy markets, is affecting households very differently depending on income. While wealthier […]
