Posts by Amelia Frost
Fed and NASA Among Victims of China-Linked Hackers, FBI And DOJ Say
Some of the most sensitive institutions in the U.S. government, including the Federal Reserve, NASA, the Department of Justice and the U.S. Senate, were victims of computer intrusions linked to a Chinese state-sponsored hacking operation, federal authorities revealed. The Justice Department and FBI announced that they had seized three internet domains used to operate two…
Read MoreCleveland Fed’s Beth Hammack Reiterates Her Call For Rate Hikes, Says ‘Now Is The Time To Act’
Cleveland Federal Reserve President Beth Hammack reiterated her call for a hike of interest rates on Thursday. Speaking from Jackson Hole, where the central bank’s annual symposium takes place, Hammack said “now is the time to act” on the matter. “I believe that we’ve been in an inflationary situation for more than five years. It’s…
Read MoreThe Kansas City Fed President Said Inflation Is ‘Sticky’ And Believes The Central Bank Has Not ‘Broken Through’
Kansas City Federal Reserve President Jeffrey Schmid said inflation is “still stubborn and it’s still sticky,” and the central bank has not yet managed to “break through.” Speaking to CNBC on Thursday, Schmidt, who does not vote on FOMC decisions, added that Fed members will “have our work cut out for us as we move…
Read MoreTrump Claimed All Mines Were Removed From The Hormuz Strait. Allies Are Reportedly Not So Sure.
U.S. allies believe demining efforts from Washington forces have not been fully successful despite President Donald Trump’s claims, according to a new report. Bloomberg detailed that allies believe Iran laid between 80 and 150 mines in the waterway, and not all have been removed or detonated. Trump said on Tuesday that he had “just been…
Read MoreFed Gov. Lisa Cook Addresses Trump’s Attempt To Remove Her. Lawyers Say There Is ‘No Legitimate Basis’ For It.
Federal Reserve governor Lisa Cook addressed President Donald Trump’s attempt to remove her, saying there is no basis for it. Cook’s lawyers said the claim, based on allegations that she claimed two different properties as her primary residence in mortgage documents, don’t constitute “legitimate basis” for removing her. They claimed that she was transparent with…
Read MoreThe Midterms Are Coming. Wall Street Sees A Debt-Ceiling Battle In The Future.
Wall Street is turning its attention to the November midterm elections as Democrats gain an edge in the battle for the House, raising the possibility that President Donald Trump could spend the final two years of his term dealing with a divided Congress. Democrats lead Republicans by roughly six percentage points on the generic congressional…
Read MoreWarsh Has Kept Wall Street in the Dark About The Roadmap To Tackle Inflation. Jackson Hole Could Reveal It.
Investors are heading into the Federal Reserve‘s annual Jackson Hole symposium wanting to know what Fed Chair Kevin Warsh’s plans to deal with inflation are. The gathering in Wyoming has traditionally offered Fed chairs an opportunity to signal where monetary policy is headed. Investors are unsure whether Warsh, who took over as Fed chair in…
Read MoreNvidia’s Results Beat Expectations, But Its Stock Still Struggled
Nvidia reported results that beat expectations in the second quarter. Nvidia reported results that were better than expected in the second quarter, but its stock still struggled as it faces high memory costs and continues to work at full capacity. Revenue topped $96 billion compared to $92 billion estimated by analysts, while earnings per share…
Read MoreStocks Show Little Change After Inflation Report And Ahead Of Nvidia Results, Jackson Hole
Stocks were largely unchanged on Wednesday after a new report showed inflation remained sticky in July and traders waited for Nvidia’s results and Fed Chair Kevin Warsh’s address in Jackson Hole. The S&P 500 edged down 0.02%, while the tech-heavy Nasdaq Composite did so 0.08%. The Dow Jones Industrial Average underperformed, dropping 0.21%. Data from…
Read MoreBill Gates Wants AI to Slow Down, Says Its Risks Are Becoming ‘Mind-Blowing’
For years, Bill Gates was one of artificial intelligence‘s most prominent optimists, predicting the technology could transform medicine, fight climate change and eventually free people from much of the work that dominates their lives. Now, the Microsoft co-founder says AI is advancing so quickly that, for the first time in his life, he finds himself…
Read MoreHow Much Does Spray Foam Insulation Cost in Louisiana? Lane Pace Explains
For Louisiana homeowners, few decisions carry more long-term weight than the choice of insulation and few materials spark more questions than spray foam. Between the two main product types, varying thicknesses and the demands of a brutally hot and humid climate, pricing can feel like a moving target. Lane Pace, an insulation and building performance…
Read MoreHow Unison Is Helping Homeowners Access Over $11 Trillion in Untapped Home Equity
American homeowners are sitting on a remarkable amount of wealth that most of them are not using. As of the August 2026 Intercontinental Exchange (ICE) Mortgage Monitor, U.S. mortgage holders held about $11.7 trillion in tappable home equity, roughly $212,000 per borrower on average. Yet much of that value stays locked in place, because the…
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