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CENTCOM: U.S. and Allies Intercepted Iranian Missiles and Drones
The United States Central Command confirmed that U.S. and partner forces intercepted multiple Iranian ballistic missiles and drones launched across the region.
IRGC Fires on Four Tankers in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps reportedly opened fire on four oil tankers attempting to transit the Strait of Hormuz without permission, escalating tensions in a key global oil chokepoint.
Iran Launches Drones Toward Strait of Hormuz
Iran has reportedly launched drones toward the Strait of Hormuz, continuing recent patterns of drone activity in the region. U.S. forces have previously intercepted similar threats to shipping lanes.
Americans Keep Cars Longer Amid High Prices and Interest Rates
U.S. consumers are holding onto vehicles for longer periods due to high new-car prices, elevated interest rates, and affordability concerns, reshaping the auto industry.
Long-Term US Unemployment Surges Above 1.8 Million
The number of Americans unemployed for 27 weeks or longer has averaged over 1.8 million in 2024, according to a CNBC analysis of BLS data. This is roughly 45% higher than 2019 levels and 55% above 2023.
IRGC Claims Missile Strikes on US-Linked Bases in Region
The Islamic Revolutionary Guard Corps says it launched aerospace missile strikes against enemy bases in the region, following reported US attacks on Sirik and Qeshm Island.
Office Vacancy Rate Hits 14%, Highest Since Global Financial Crisis
Office vacancy rates have risen to 14%, the highest level since the 2008–09 Global Financial Crisis, highlighting ongoing weakness in commercial real estate.
Foreign-Born Workers Capture 80% of US Job Gains Since 2020
Analysis shows that roughly 8 out of every 10 net new jobs in the United States since early 2020 have gone to foreign-born workers.
DOJ Lawyer Argues Trump Could Remove Statue of Liberty
A U.S. Justice Department lawyer argued in court that President Donald Trump may have the authority to remove or significantly alter the Statue of Liberty.
Teens Face Toughest Summer Job Market Since 1948
According to Fortune, U.S. high school students are encountering the most difficult summer job market in decades, with conditions described as the toughest since 1948.
NYT: Weak Hiring May Scar New Graduates for Years
According to the New York Times, graduates entering the workforce during a weak hiring environment may face long-lasting career effects such as lower starting salaries, slower wage growth, reduced job mobility, and delayed career progression.
Trump: Gasoline prices will "drop like a rock" in 90 days
U.S. President Donald Trump stated that gasoline and energy prices will decline significantly within about 90 days once the U.S. exits Iran and the conflict ends. He made the remarks at a Wisconsin event on the economy and agriculture.
Air Raid Sirens Sound in Kuwait Amid Reports of Interceptor Activity
Air raid sirens have reportedly been activated across parts of Kuwait, with local sources attributing explosion sounds to air-defense interceptor missile activity.
Missing Funds Reports Pressure Iran’s Banking System
Reports of unexplained losses from customer accounts at major Iranian banks, including Bank Melli Iran and Bank Sepah, are raising concerns about confidence in Iran’s financial system.
US Petroleum Inventories Drop to 2004 Low on Export Surge
Total US crude and petroleum product inventories fell 10.6 million barrels last week to the lowest level since 2004, driven by a record drop in commercial stocks and surging exports to Asia and Europe, according to EIA data.
Peru Power Grid Cost Surge Threatens 15% of Global Silver Supply
A pipeline rupture, emergency funding for Petroperú, and Strait of Hormuz pressures have spiked energy costs in Peru, endangering approximately 15% of global silver mine output.
Nasdaq 100 Plunges 4.5%, On Track for Biggest Single-Day Loss of 2026
The Nasdaq 100 is falling in a straight line, down 4.5% and heading for its largest daily decline of 2026.
War Brings Volatility to Agricultural Markets, Screw Worm Pest Adds Risk
Geopolitical conflict introduces uncertainty to commodity sectors, with agricultural markets facing additional pressure from a screw worm infestation.
Meta reportedly considering tens of billions in stock offering after Google's record raise
Meta is reportedly planning to raise tens of billions of dollars through a stock offering, following Google's record $85 billion equity raise this week, according to the Financial Times.
US Yields Surge After Strong NFP Data Fuels Rate Hike Bets
US Treasury yields soared on Friday, with the 2-year note rising over 12 basis points and the 10-year surging 6 bps, following an outstanding Nonfarm Payrolls report that strengthened expectations for Fed rate hikes.
US Financial Conditions Index Falls to -1.75, Lowest in 2.5 Years
The US Financial Conditions Index has dropped to -1.75, the lowest level in at least two and a half years, driven by equity gains and tighter credit spreads. Conditions have eased 0.80 points since March 2025 despite the market pricing in roughly 20 basis points of Fed rate hikes by December 2026.
Gold Plunges as US NFP Blowout Pushes DXY Above 100
Gold (XAU/USD) tumbled during the North American session on Friday after the US Nonfarm Payrolls report far exceeded expectations, with the prior three months revised upward, boosting the dollar and raising the odds of further Fed tightening.
Dow Jones Drops as Strong Economy Data Revives 'Good News Is Bad News' Reflex
The Dow Jones Industrial Average fell on Friday as strong economic data revived the old market reflex that good news for the economy is bad news for stocks.
Anthropic: AI Writes Over 80% of Its Product Code, Signals Self-Improvement
Anthropic's internal data shows that Claude, its AI model, now writes over 80% of the code for current products, with code volume per engineer growing eightfold in Q2 2025. The company sees signs of approaching recursive self-improvement, though it says the point of no return has not yet been reached.