Commerce Secretary Howard Lutnick threatens to withhold Chips Act grants unless companies significantly boost their US semiconductor projects, following Taiwan's $100 billion investment announcement.
The Supreme Court is set to hear a pivotal case regarding the $8 billion spent annually to subsidize phone and internet services, impacting millions of Americans. A conservative group challenges the constitutionality of the funding method, raising questions about federal regulatory power and the future of telecommunications subsidies.
China's consumer price index has dropped at the fastest rate in 13 months, prompting concerns over economic health amid a trade war with the U.S. Analysts predict continued deflationary pressures and a cautious consumer outlook.
