Biden’s Policies Darken Small Business Outlook
Small business owners are bracing for a recession and are cutting back on various business expenses to cope. The SBE-Council-TechnoMetrica survey found that most small business owners do not agree with President Biden’s priorities and policies.
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U.S. Manufacturing Growth Beats Expectations
The ISM Purchasing Managers' Index rose to 55.6 in July from 53.3 in June, beating analysts' expectations of 54
How Are Iran Talks Affecting Oil Prices And Bond Markets
The benchmark 10-year Treasury yield slipped to 4.688%, while the two-year and 30-year Treasury yields also moved lower
Fed Dissenters Warn Inflation Remains Too High
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan opposed the central bank's decision to hold rates steady for a fifth consecutive meeting.
Oil Prices Steady As Hormuz Traffic Gradually Recovers
According to Commonwealth Bank of Australia, shipping through the Strait of Hormuz has recovered to about 30% to 35% of pre-conflict levels.
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Trump Calls Iran 'Duplicitous' Amid Talks Dispute
Trump had said on Sunday that a deal involving the Strait of Hormuz and Iran's denuclearization was imminent after he called off planned military strikes against Iran.
Trump Says He Will Hold Off On Fresh Iran Attack In Hope Of Quick Deal
Trump and Netanyahu met on Tuesday in Washington, with an Israeli official saying they had explored all possible paths to curb Iran’s nuclear program, including diplomacy, economic pressure and force. Tehran denies seeking a nuclear weapon.
U.S. Manufacturing Growth Beats Expectations
The ISM Purchasing Managers' Index rose to 55.6 in July from 53.3 in June, beating analysts' expectations of 54
What Did Hugging Face CEO Say About China's AI Progress
Delangue attributed China's rapid progress to its collaborative open-source ecosystem