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GDP Growth Steady at 1.5%, Hiding a Surge in Corporate Profits

Real gross domestic product increased at an annual rate of 1.5% in the second quarter of 2026, according to the second estimate released by the Bureau of Economic Analysis, matching the advance estimate. Growth decelerated from a 2.1% increase in the first quarter. The …

Vinay Lochav | 26 August 2026

PCE Inflation Rises to 3.7% in July, Spending Goes Flat

The personal consumption expenditures price index, the Federal Reserve's preferredInflationgauge, rose 0.2% in July from the prior month, matching expectations, and increased 3.7% from the same month a year earlier, topping consensus forecasts of 3.6%. Core PCE inflation, which excludes food and energy, also …

Vinay Lochav | 26 August 2026

Anthropic to Pay $45 Billion for AI Computing Power in Six-Year Nscale Deal

• Anthropic has agreed to spend $45 billion over six years to rent AICloud Computingpower from Nscale's West VirginiaData Centerdevelopment.

Vinay Lochav | 26 August 2026

Apple Sets September 9 Launch Event for New iPhones and First Foldable Device

• Apple will hold a launch event at its Cupertino headquarters on September 9, with invites carrying the tagline "Surprise and shine."

Vinay Lochav | 26 August 2026

US Corporate Profit Margins Hit Record 19.4% as After-Tax Profits Jump Nearly 10%

US corporate profit margins widened to a record 19.4% in the second quarter, up from 18.2% in the first quarter, according to Bureau of Economic Analysis data. After-tax profits rose nearly 10% in the quarter, with strong earnings, price increases, and resilient consumer spending …

Vinay Lochav | 26 August 2026

U.S. Resumes Staff at Middle East Embassies Post-Iran Evacuations

The U.S. has begun to reintegrate staff into its embassies across the Middle East following evacuations related to the Iranian conflict. This strategic move signals a renewed focus on diplomatic relations in a pivotal region, potentially stabilizing U.S. interests there.Key HighlightsThe U.S. is restarting …

Vinay Lochav | 26 August 2026

US Spy Chief's Visit to Russia Signals Serious Diplomatic Engagement

The arrival of the US spy chief in Russia marks a important moment in US-Russia relations. This visit reflects ongoing efforts to address pressing issues impacting the geopolitical environment. Although specific agendas and outcomes remain unclear, the mere fact of engagement is a significant …

Vinay Lochav | 26 August 2026

Iraq’s Strategy Signals U.S. Pressure on Iran’s Trade Partners

Iraq's emerging strategies suggest a potential framework for the U.S. to restrict Iran's trade connections effectively. By examining Iraq's geopolitical leverage, the U.S. can formulate tactics to tighten sanctions against Iran, impacting the latter's economic partnerships. Such a shift has implications for various sectors, …

Vinay Lochav | 26 August 2026

New €6 Billion Dragon Ball Z Theme Park to Boost French Economy

Landmark €6 Billion Agreement Signed

Vinay Lochav | 26 August 2026

S&P 500 Faces Three Major Hurdles Before Potential 8,000 Surge

Hurdles Identified for S&P 500 Ascend

Vinay Lochav | 26 August 2026
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