What Happened To The Cargo Ship Struck In The Strait Of Hormuz
The crew abandoned the vessel and one seafarer, identified as the third engineer, remains missing
Trade
Bessent Says Hormuz Deal Could Come This Week
Negotiations with Iran are ongoing and expressed optimism that both sides could move toward a more stable phase in the conflict
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.
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
US Issues New Iran-Related Sanctions Targeting Insurers, More Tankers
Six of the entities targeted for sanctions were based in China, it said.
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
Houthi Attacks Disrupt Key Red Sea Shipping Route
The blockade was launched in response to Saudi military strikes on Houthi-controlled infrastructure.
Global Trade Partners Challenge Trump's Latest Tariff Move
The Office of the U.S. Trade Representative imposed new tariffs under Section 301 of the Trade Act of 1974, applying duties of 10% or 12.5% on imports from 60 economies.
US Imports First Iraqi Fuel Oil Cargoes Via Syria
The cargoes were transported overland from Iraq into Syria before being loaded onto vessels, creating an alternative supply chain for international buyers.
Rising Oil Prices Push Treasury Yields Higher
Higher energy prices added to concerns about inflation, contributing to the rise in government bond yields.
Tesla Misses Earnings Forecast Despite Record Revenue
The report showed capital expenditures more than doubled to $5.8 billion as Tesla increased investment in its Optimus humanoid robot and robotaxi programs.
Canada Cancels Joint Gordie Howe Bridge Ceremony Over US Tariff Threats
The report said Canada will instead hold its own opening ceremony on Friday. Despite the diplomatic dispute, the bridge is still scheduled to open next Monday as planned.
Trump's New Canada Tariffs Raise Trade War Fears
The tariffs, which will take effect in 30 days, cover about $20 billion worth of Canadian goods, including electrical equipment and machinery
What Caused The Sharp Increase In Import Prices From China
The report showed import prices increased 0.3% during the month, compared with economists' expectations of a 0.8% decline
Why Is Verizon Selling Stores And Cutting Jobs
The report said the latest move marks the third major workforce reduction under Chief Executive Officer Dan Schulman since late 2025.