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US Factory Orders Beat Expectations in July on Aircraft Demand Rebound

New orders for US manufactured goods rose 0.9% in July, rebounding from a revised 0.2% decline in June and beating market expectations of a 0.6% increase, according to data released by the Commerce Department's Census Bureau. New orders for manufactured goods increased $5.8 billion …

Nitish Kishor | 03 September 2026

Iran Strikes Kuwait as Trump Says Renewed Middle East Fighting Won't Last “Too Long”

Kuwait's army said Thursday it was confronting hostile missile and drone attacks launched from Iran, a day after President Trump said renewed hostilities in the Middle East would not last “too long.” Kuwait advised residents to follow security and safety instructions, adding that any …

Nitish Kishor | 03 September 2026

DOJ Legal Opinion Requires States to Report Undocumented Immigrants or Risk Losing Welfare Funding

The Justice Department has concluded that any state accepting federal funding for its cash assistance and supplemental income programs must have every agency within that state government report undocumented immigrants to federal homeland security officials, not just the specific offices that administer those programs. …

Vinay Lochav | 02 September 2026

Gold Price Today: Bullion Rebounds Above $4,360 Ahead of Key US Jobs Report

Gold's recovery above 4,360 dollars an ounce on Wednesday came as both the US dollar and Treasury yields retreated from recent highs, reversing a decline that had pushed the metal toward a near one month low just sessions earlier. The pullback in the dollar …

Vinay Lochav | 02 September 2026

American Airlines Retrofits 777-300ERs With Larger Business Class, Ends International First

The overhauled cabin layout increases premium seating to 144 seats from 116 previously, lifting the premium share of total capacity to roughly 44% from about 38%. That includes 70 Flagship Suite business-class seats featuring privacy doors, up from 52 business-class seats under the prior …

Vinay Lochav | 02 September 2026

Uber to Cut 3,300 Jobs in Largest Restructuring Since Pandemic, Citing Robotaxi Pressure

Uber Technologies (NYSE:UBER) said Wednesday it will cut approximately 3,300 jobs, about 10% of its roughly 34,000-person global workforce, in the company's largest single round of layoffs since the pandemic-driven cuts of 2020. In a message to employees, chief executive Dara Khosrowshahi said years …

Vinay Lochav | 02 September 2026

White House Courts Travel Industry as World Cup Bump Meets a Deeper Arrivals Problem

Transportation Secretary Sean Duffy, U.S. Travel Association chief Geoff Freeman, White House World Cup task force lead Andrew Giuliani, and 2028 Los Angeles Olympics organizer Casey Wasserman round out the guest list. A White House spokeswoman framed the session as a chance to mark …

Vinay Lochav | 02 September 2026

Chevron, Eni Commit Billions to Expand Venezuela Oil Output as Washington Backs Investment Push

The signings are distinct from a separate, more contentious arrangement disclosed days earlier that grants a private company backed by Washington control over 17 Venezuelan oilfields. Wright, addressing the signing ceremony, said the administration aimed to move quickly, describing the pace of the effort …

Vinay Lochav | 02 September 2026

Berkshire's Abel Sees AI Powering Both Its Alphabet Bet and Its Energy Business

Berkshire Hathaway (NYSE:BRK.B) Chief Executive Greg Abel said Wednesday he sees significant opportunities for the conglomerate's energy business stemming from the ongoing buildout of AI data centers, shortly after Berkshire made Google parent Alphabet (NASDAQ:GOOGL) its third-largest common stock holding. Abel described Alphabet as …

Nitish Kishor | 02 September 2026

US Mortgage Applications Edge Higher as Rates Hold Near One-Year High

US mortgage application volume rose 0.8% in the week ending August 28, rebounding after two consecutive weekly declines, according to data from the Mortgage Bankers Association. The increase came even as mortgage rates held near their highest levels of the past year, suggesting some …

Nitish Kishor | 02 September 2026
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