Exploding Rockets, Frozen Rates & a $60B Tech Power Play

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Dear Money Master,

Welcome to this week’s financial roundup! 🎯 The Federal Reserve and Bank of England both hit the brakes on rate cuts, despite rising pressure from weak growth and geopolitical uncertainty. Meanwhile, U.S. homebuilder confidence is plunging as high mortgage rates and economic ambiguity send buyers running.

On the tech front, SpaceX’s Starship went up in flames during a routine test, raising eyebrows over its future in space exploration and Mars ambitions. At the same time, Texas Instruments is making a historic $60 billion push to bring semiconductor manufacturing back to the U.S.—a move that could reset the global chip supply chain.

In Europe, Google’s antitrust saga continues as an EU advisor recommended upholding its $4.7 billion fine. Back in the corporate world, Korn Ferry soared on a 14% jump in executive search revenue, while Aurora Cannabis braced investors for declining international sales despite a strong Canadian medical market. 🌍💼

Read of the Day: Texas Instruments America's $60 Billion Chip Bet - How TI is Powering the Next Tech Revolution 🛠💼

📰 Your Daily Financial Digest - June 20th, 2025

🌍 Economics:

1. Fed Holds Rates Steady at 4.25%-4.5% Amid Tariff Concerns 🏦
   Officials left rates unchanged and flagged two cuts later this year, balancing inflation risks with the cost pressures from Trump’s new tariffs. Rate-sensitive sectors remain cautious. Read More

2. Bank of England Also Holds, But Signals August Cut May Be Coming 💷
   Six out of nine policymakers voted to hold at 4.25%, citing weak growth and loosening labor markets. A summer cut looks increasingly likely. Read More

3. Homebuilder Confidence Hits 18-Month Low 🏚️
   The June sentiment index dropped to 32, the lowest since 2022. Elevated mortgage rates and economic uncertainty are keeping buyers on the sidelines. Read More

💻 Technology:

1. EU Advisor Urges Court to Uphold Google’s $4.7B Antitrust Fine 🧑‍⚖️
   The European Court of Justice is expected to reject Google’s appeal over Android market abuses, reinforcing the EU’s tough tech regulation stance. Read More

2. Texas Instruments to Pour $60 Billion Into U.S. Chip Manufacturing 🏗️
   The company will build seven new sites in Texas and Utah, creating 60,000 jobs. The investment supports Trump’s push for tech reshoring. Read More

3. SpaceX Starship Explodes During Texas Test 🚀
   The 394-foot rocket experienced a “major anomaly” during ground testing. No injuries were reported, but delays to NASA’s Artemis missions are likely. Read More

💹Earnings:

1. Aurora Cannabis Projects International Sales Dip Despite Medical Growth 🌿
   Q4 revenue hit C$90.5M, with medical cannabis sales up 50% YoY. However, weaker overseas demand is expected to drag down overall revenue this quarter. Net losses narrowed slightly. Read More

2. Korn Ferry Surges on Strong Q4 as Executive Search Demand Jumps 📈
   EPS of $1.32 beat estimates, with revenue rising to $719.8M. A 14% jump in executive search helped offset macro headwinds. Q1 outlook points to softer but steady growth. Read More

🔍 Deep Dive: Texas Instruments America's $60 Billion Chip Bet - How TI is Powering the Next Tech Revolution 🛠💼

Texas Instruments is making a bold move with a $60 billion investment to supercharge semiconductor manufacturing across the U.S. This piece breaks down what that means, why it’s a big deal for everything from smartphones to satellites, and how it could reshape America’s role in global tech. Whether you're tech-savvy or a total beginner, this story connects the dots on how chips power our daily lives, and why TI’s mega-investment might be the most important tech story of the decade.

Outsmart college costs

Ready for next semester? June is a key time to assess how you’ll cover college costs. And considering federal aid often isn’t enough, you might have to consider private student loans.

You’re just in time, though—most schools recommend applying about two months before tuition is due. By now, colleges start sending final cost-of-attendance letters, revealing how much you’ll need to bridge the gap.

Understanding your options now can help ensure you’re prepared and avoid last-minute stress. View Money’s best student loans list to find lenders with low rates and easy online application.

See Money’s Top Lenders

To your financial empowerment, The Money Masters Team

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DISCLAIMER: This information is for educational purposes only and does not constitute financial advice. The publisher does not accept any responsibility for any losses incurred as a result of actions taken based on the information provided. Always conduct your own research or consult with a financial advisor before making any investment decisions.