Chinese media is reporting Beijing is holding its largest-ever military drill off the coast of Taiwan. It’s reportedly expected to run through Sunday and comes one day after House Speaker Nancy Pelosi visited the island. CBS News’ Debra Alfarone and David Begnaud spoke with Michael Swaine, director of the East Asia program at the Quincy Institute, about the implications this exercise presents.
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A tug of war between inflation and economic growth pulled mortgage rates below 5% for the first time since April. “The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable, especially as the Federal Reserve attempts to navigate the current economic environment,” said Sam Khater, […]
