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1st RMB Clearing Bank in Europe Raises Questions for Global Financial System: Analysts
Experts said the yuan won’t be able to displace the U.S. dollar.
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Trade Court Upholds Trump’s Shutdown of $800 De Minimis Duty Exemption
The court said the president acted lawfully in ending the longstanding duty-free exemption for low value imports.
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US Housing Market Moves Further in Buyers’ Territory as Demand Hits Record Low: Report
Redfin estimated there were 51 percent more sellers than buyers in July as high prices and mortgage rates kept many would-be buyers sidelined.
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10 States Sue to Block Federal Mortgage Escrow Interest Rules
The lawsuit centers on federal rules that would allow national banks to ignore state requirements to pay homeowners interest on their escrow accounts.
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Trump Says US Has ‘Total Control’ of Hormuz
The U.S. Energy secretary said nearly 9 million barrels per day are exiting the strait and that private maritime trackers are missing vessels moving covertly.
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US Unemployment Claims Remained Stable to Kick Off August
Recurring jobless claims, a proxy for hiring, remained below 1.8 million.
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Cooling Energy, Food Costs Keep US Wholesale Inflation Unchanged in July
U.S. producer prices could provide relief for the inflation-fighting Federal Reserve.
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The 2nd Scam: Fraud ‘Recovery’ Services That Target People Who Have Already Been Robbed
A company says it can recover your scammed money. Is it legitimate, or the next scam?
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Some US Adults Are Using AI for Financial Guidance but Few Trust It, Gallup Poll Finds
About 1 in 5 Americans seeking financial advice now turn to AI.
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Northeast and Midwest Lead List of Housing Market’s Hottest ZIP Codes
Tight inventory, driven in part by insufficient homebuilding, is fueling competition in the hottest markets, according to Realtor.com.
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Avalon Airport to Become New Freight Hub for Temu and Shein
A new air freight deal with AirAsia’s logistics arm will turn Avalon Airport into a major gateway for Asian goods from e-commerce giants.
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Australia’s Largest Aluminium Smelter Receives $2.5 Billion Government Lifeline
The smelter is also the nation’s single largest user of electricity, with Australia one of the few countries operating an end-to-end aluminium supply chain.
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Ex-Albanese Adviser Calls for Australia’s Top Personal Tax Rate to Be Cut to 30 Percent
Alex Sanchez criticises keeping the 37 percent bracket past $135k, urging Labor to drop the top personal tax rate to 30 percent to drive economic growth.
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The $25 Carry-On: Why Jetstar Is Putting a Price on Your Luggage?
Jetstar’s decision to axe free luggage is a sign the airline is going back to its no-frills roots, but will it work?
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Supreme Court Freezes Lower Court Action in App Store Lawsuit
Justice Elena Kagan granted a short stay after Apple sought emergency relief while the high court reviews a contempt finding against the company.
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Babylon Bee Sues New Mexico Over Restrictions on AI Satirical Posts
‘The First Amendment protects our right to create AI satire poking fun at political candidates,’ Babylon Bee CEO Seth Dillon said.
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More Companies Shift Away From Traditional Group Health Insurance: Report
Employers are turning to individual coverage reimbursement plans as they face growing medical costs.
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Beijing’s Yuan Ambitions Spark Some Seemingly Unrelated Policy Shifts
The urge to internationalize the yuan seems to have impelled Beijing to liberalize capital flows it had previously resisted.
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