Business Matters with Don Ma Epoch Media Group

National Association of Realtors report home prices rose to a record high in May, with median price now $419k. According to Zillow, households would need to save more than $127,000, to make a down payment on a typical home and afford the mortgage payment.
Former president trump yesterday floated a proposal to automatically give green cards to foreign students graduating from American colleges, so they can stay and work here in the country. NTD spoke to an immigration lawyer about the likelihood and potential impact of such a rule.

The United States on Friday issued draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security.

New York Gov. Kathy Hochul on Thursday signed a bill that would allow parents to block their children from getting social media posts suggested by a platform's algorithm, a move to limit feeds critics argue are addictive.
McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales.
Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.87% in the week ending June 20, mortgage financing giant Freddie Mac reported Thursday.

A five-year investigation by U.S. officials has uncovered a complex partnership between one of Mexico’s most notorious drug cartels and Chinese underground banking groups in the U.S. that laundered money from the sale of fentanyl, cocaine and other drugs, federal prosecutors said Tuesday.
Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst John Murphy said on Tuesday. Auto expert Paul Eisenstein gives his take on Murphy’s analysis, and why automakers could be collateral damage in the U.S.-China trade friction.
The U.S. Senate on Tuesday passed a bill to accelerate the deployment of nuclear energy capacity, including by speeding permitting and creating new incentives for advanced nuclear reactor technologies.
Trump Media & Technology Group said on Tuesday the Securities and Exchange Commission has declared effective the company's filing for resale of certain shares and warrants, potentially giving it about $247 million in proceeds.

U.S. senators on Tuesday blasted the CEO of Boeing for the planemaker's tarnished safety record, overshadowing his apology to families who lost loved ones in two 737 MAX crashes and acceptance of responsibility after a January mid-air emergency.
U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lackluster in the second quarter.

Texas senator Ted Cruz introduced a new bill today to protect and empower victims of deep fake video technology.

EV startup Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.

U.S. Surgeon General Vivek Murthy on Monday called for a warning label to be added to social media apps as a reminder that those platforms have caused mental health harm to young people, especially adolescents.
China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports.
The U.S. government sued Adobe on Monday, accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees in its most popular subscription plan, and making it difficult to cancel subscriptions.

Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work, Bloomberg News reported on Thursday.
Consumer sentiment deteriorated in June as households worried about inflation and incomes, a survey showed on Friday.

Federal authorities and Boeing are trying to figure out why a 737 Max 8 did a rare and dangerous back-and-forth roll during a recent flight.

G7 leaders pledged to tackle what they said were harmful business practices by China. The core G7 members -- the United States, Italy, Britain, France, Germany, Japan and Canada -- focused on China's economic clout and what they see as unbalanced markets in areas such as electric vehicles, steel and renewable energy.