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New orders for US manufactured durable goods increased 0.3 percent month over month to $334.8 billion in June 2026, according to Census Bureau data, rebounding from a revised 4.0 percent slump in May but coming in much lower than forecasts of a 1.6 percent …
President Trump halted a two-week bombing campaign against Iran over the weekend, a decision a US official said reflected advice from military commanders who reported running out of viable targets after 13 successive nights of strikes. The pause followed intensified bombing that had provoked …
Ship traffic through the Bab el-Mandeb strait fell on Sunday after Yemeni Houthi forces attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz remained thin over the weekend, according to shipping data from Kpler released Monday. Eleven …
Two US small businesses filed a lawsuit in the US Court of International Trade challenging President Trump's latest round of tariffs on goods from 60 trading partners, arguing that the new policy, like most of Trump's previous tariffs, exceeds the president's authority to tax …
Tariffs have remained one of President Trump's primary economic tools since returning to the White House, with the administration arguing that these import taxes boost US manufacturing, create jobs, and correct trade imbalances with countries that sell more to the US than they buy …
The United Nations is preparing to appoint its tenth Secretary-General under conditions that have no modern precedent. Antonio Guterres departs at year-end after two five-year terms, leaving behind an institution simultaneously managing a financing breakdown, a Security Council in persistent deadlock, and a loss …
Investors are increasing their bets that the Federal Reserve will raise rates as soon as next week, as the resurgence in oil prices triggered by the escalating war in Iran threatens to ignite a fresh burst of inflation. Markets are now pricing in a …
Language from the Federal Reserve's June meeting minutes captured a shift markets are only beginning to price in, noting that participants observed strong ongoing demand for AI infrastructure was likely to sustain upward pressure on prices for technology products and electricity. Artificial intelligence was …
Air defense systems in Saudi Arabia intercepted two ballistic missiles launched from Yemen on Saturday targeting oil refineries in Yanbu on the Red Sea, a day after US forces launched fresh air strikes on Iran. Saudi civil defense issued several warnings for Yanbu before …
When America first reached a nuclear cooperation deal with the United Arab Emirates in 2009, it insisted on strict conditions, requiring the Emiratis to forgo domestic uranium enrichment and reprocessing while signing the Additional Protocol, a follow-on to the Non-Proliferation Treaty that provides for …
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