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- Indexed articles, last 90 days
- 190
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- Oct 1, 2026
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- Jul 4, 2026
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The 'largest US steel plant' is Indian-backed, due 2030 (opens the original)
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The steel plant President Donald Trump announced on Monday as "the largest in American history" has no confirmed site, no state incentive package, no production until 2030, and an owner headquartered in Mumbai. It also has a $15 billion price tag, a captive iron ore supply, and a production process that explains why the administration chose it as the centerpiece of its pre-midterm manufacturing push. Mesabi Metallics, the Nashwauk, Minnesota-based company backed by India's Essar Group, said it w
Trump touts $54B Korean Alaska LNG deal; Seoul: not decided (opens the original)
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President Donald Trump announced from the Oval Office on Wednesday that South Korea will invest roughly $54 billion in the Alaska LNG project, an 807-mile pipeline from the North Slope to an export terminal in the south of the state that has been studied, abandoned and revived for four decades. On Thursday morning in Seoul, South Korea's industry ministry said no decision had been made on whether to invest, or how much. The gap between the two statements is the story. Trump, seated at the Resolu
Trump Rolls Back Mileage Rules as Gas Prices Stay High (opens the original)
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The Transportation Department on Monday finalized a sweeping rollback of federal fuel economy standards, setting a fleetwide target of 34.9 miles per gallon for new cars and light trucks in model year 2031 and replacing Biden-era rules that would have required roughly 50 miles per gallon under the same compliance test. The 892-page rule, which the department has titled "Freedom Means Affordable Cars," revises Corporate Average Fuel Economy standards for model years 2022 through 2031. Under the n
Mortgage Rates Hit 7.03% After Fed's Rate Hike (opens the original)
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The average rate on a 30-year fixed-rate mortgage rose to 7.03% this week, up from 6.95% the previous week, according to data released Thursday by Freddie Mac. It was the fourth consecutive weekly increase and marks the highest level for the benchmark rate in roughly 19 months. The rate stood at 6.30% a year ago at this time. The average 15-year fixed-rate mortgage, often used by homeowners refinancing or buying with larger down payments, rose to 6.42% from 6.26% the prior week, up from 5.49% a
Treasury Yield Hits 19-Year High as Fed Hike Bets Build (opens the original)
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The benchmark 10-year Treasury yield rose about 15 basis points Wednesday, touching 5.12%, its highest level since July 2007, as strong business activity data, elevated oil prices and soft demand at a Treasury auction reinforced expectations that the Federal Reserve will raise interest rates again. The 10-year yield serves as a reference rate for mortgages, auto loans and corporate borrowing, so its climb feeds directly into costs across the economy. It has gained about 34 basis points over the
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