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FBI Director Christopher Wray warned that hackers linked to the Chinese government have infiltrated U.S. infrastructure and are waiting for “just the right moment to deal a devastating blow.” Wray emphasized the immediate threats China poses to U.S. national and economic security during his speech at the Vanderbilt Summit on Modern Conflict and Emerging Threats on…

Israel struck back in its first military response to Iran's attack and the 12-person jury is selected in Trump's hush money trial.

Israel struck back in its first military response to Iran since last weekend’s attack. The 12-person jury is selected in former President Donald Trump’s hush money trial. These stories and more highlight The Morning Rundown for Friday, April 19, 2024. Israel carried out strike against Iran in response to drone attack Israeli forces struck back…

The government wants to subsidize child daycare. Like other demand-side subsidies, this is only going to drive up prices even more.

The Biden administration recently announced an initiative to cap child care copay expenses for approximately 100,000 low-income working families in the United States. Instead of paying set fees, those families will pay 7% of whatever their total income is as a copay for the government-subsidized daycare program. The program also hopes to fully cover all…

Biden claims China is subsidizing the steel and aluminum industry to undercut American products. He isn't the only one calling for higher tariffs.

President Joe Biden wants to triple tariffs on Chinese steel and aluminum. He claims cheap Chinese exports are undermining American products.  China is the No. 1 producer of the two metals worldwide. The White House said the nation is not only “dumping” products on the market that are “among the world’s most emissions-intensive,” but subsidizing…

Alaska’s wilderness is teeming with wildlife, as bears, moose, elk, and many more species all call this region home. However, beneath this vibrant ecosystem lies an extensive supply of metals, one that will require disturbing thousands of acres of nature to access. The White House is expected to step in and put an end to…

A new poll asking about Americans' taxes revealed misconceptions about how much the top 1% contributes to total federal income tax.

A new poll asked Americans how much they thought the top 1% of taxpayers account for in total federal income tax paid. The poll found that most Americans want the rich to pay more in taxes but also revealed that Americans have a misconception in how much the top 1% actually pays. The top 1%…

Developing countries might seem to enjoy a natural demographic advantage over the developed world, but that advantage carries risks.

Declining birth rates throughout much of Western Europe and America, and in other developed nations like Japan, have alarmed social scientists. Concern is most acute in nations where a shrinking workforce will be expected to pay for the rising costs of a much larger retiring population. But on the opposite end of this spectrum, rapid…

Analysts are scratching their heads trying to figure out why gold is breaking records right now — but it's not the only commodity on a tear.

Analysts are scratching their heads trying to figure out why gold is on a tear right now. The commodity hit another record high Tuesday, April 9, ahead of Wednesday’s inflation report and the release of the Federal Reserve meeting minutes, where investors get a behind-the-scenes look at what the Fed is thinking in terms of cutting…

In a year where Americans are anxiously waiting for interest rates to drop, JPMorgan Chase CEO Jamie Dimon warns rates may go even higher.

In a year where Americans are anxiously waiting for interest rates to drop, the CEO of the world’s largest bank warns rates may go even higher than they are today and don’t count out a recession. There are two CEOs in this country whose annual letters to shareholders are more widely anticipated than the rest:…

The U.S. Federal Reserve is not being restrictive enough, and its rhetoric does not match the reality of its actions or policies.

The American economy is booming, with high GDP growth, record-low unemployment, and wage gains for median workers. Over the past few quarters, U.S. economic growth indicators have consistently outperformed official projections. But the U.S. Federal Reserve recently conceded that its policies might be too restrictive, hindering the full potential of the U.S. economy, which the…

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