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Pentagon Expands Missile Interceptor Production With New Boeing, RTX Agreements
The deals are the latest in the Pentagon’s efforts to increase output of high-demand air and missile defense weapons.
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US Consumer Sentiment Sinks in August After 2-Month Rebound: UMich
Only 8 percent of consumers expect their income growth to exceed inflation in the year ahead.
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The Gold Tax Surprise: When Gold Profits Get Taxed at 28 Percent
How much tax do you pay when you sell gold coins or a gold ETF?
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Shoppers Close Their Wallets in July as US Retail Sales Unexpectedly Fall
The end of the FIFA World Cup and Prime Day moving hurt July commerce, Bank of America economists said.
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As US-Iran Hormuz Stalemate Lingers, Shipping Companies Face Worsening Dilemma
After hostilities were followed by a weeks’-long lull, the only certainty is there’s no certainty in when, how the strait will be safe, shipping experts say.
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US Sells 30-Year Bonds at Highest Interest Rate Since 2001
Higher U.S. financing costs are a ‘feature that we’re not expecting to see unwound any time soon,’ says an ING strategist.
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Digital Rights Group Says Social Media Ban Not Working, Call for Algorithm to Be Exposed
Digital rights groups have argued against Australia’s under-16 social media ban, calling for other methods to be used.
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8 Takeaways From Albanese’s Phone Call With US President Trump
The two leaders covered tariffs, AUKUS, the CCP, and critical minerals.
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Trump to Impose Tariffs on Imported Drones, Drone Components
The added cost is aimed at helping boost the domestic drone industry and control national security risks.
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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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