What Do The Latest U.S. Hiring Data Reveal
Although job openings slipped slightly to 7.36 million in June, they remained above levels recorded a year earlier, indicating that labor demand continues to hold up.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Amazon Reaches $3 Trillion Market Value On AI Boom
Chief Executive Officer Andy Jassy said both the company's artificial intelligence and custom chip businesses have surpassed annualized revenue run rates of $25 billion.
US Manufacturing Hits Four-Year High In July
Fifteen of the 16 major manufacturing industries recorded growth during the month, with chemical products being the only sector to contract.
Trump Criticizes Exxon, Chevron Over Iran War Profits
The increase has been driven in part by concerns over disruptions to oil shipments through the Strait of Hormuz.
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.
Mamdani Announces City-Run Grocery Stores Will Offer 30% Discount. Critics Say It Will Crush Local Businesses.
Mamdani’s office noted that the basket of goods “will include all fresh produce, meat and seafood, along with roughly 20 additional categories of pantry staples, dairy and refrigerated goods.”
US Issues New Iran-Related Sanctions Targeting Insurers, More Tankers
Six of the entities targeted for sanctions were based in China, it said.
Labor Department Reports Modest Rise In Unemployment Claims
The previous week's figure was revised upward to 188,000, while the four-week moving average, which smooths short-term fluctuations, declined to 202,750.
What Caused The US Economy To Miss Growth Expectations
Gross domestic product grew at an annualized rate of 1.5% between April and June, below both the previous quarter's 2.1% pace and economists' forecasts
Markets Question Warsh After Fed Holds Interest Rates Steady
Federal Open Market Committee voted 9-3 to keep rates steady
China Rejects Western Claims Of Industrial Overcapacity
The report said China's Commerce Ministry maintained that the country has never pursued a large trade surplus as a policy objective and dismissed claims of a so-called "China shock 2.0" as unsupported by evidence.
The Fed’s Policy Of Price Stability Helps Create An Unstable Economy
The Fed’s economists have established that policymakers should target inflation at two percent