When the U.S. treasury bought Japanese yen to prop up the yen’s value, the move was made as much out of self-interest as to help an ally’s economy, MarketWatch reported.
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NETANYAHU’S LIKUD’S KNESSET PICK CALLED TRUMP A ‘PIECE OF SHIT’ AND WANTS TO TURN GAZA INTO A PARKING LOT
Israeli Prime Minister Benjamin Netanyahu tapped Oren Dobronsky, a tech entrepreneur, as his first reserved slot on Likud’s Knesset list, which was seen as surprising to some because the Israeli-American businessman once called President Donald Trump a “piece of shit.”
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U.S. MILITARY-INDUSTRIAL COMPLEX REAPS THE REWARDS OF WAR
Steve Feinberg, the deputy secretary of War, wrote a memo urging top weapons producers in the U.S. to ramp up production and provide ways they plan to implement the buildup.
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MCDONALD’S SALES GROWTH SLOWED IN SECOND QUARTER
Among McDonald’s U.S. restaurants that have been operating for at least a year, sales grew by 0.8 percent in the year’s second quarter, the slowest increase since 2025’s first three months.
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U.S. LUMBER PRICES ARE THEIR HIGHEST IN FOUR YEARS
Lumber prices jumped during the COVID War when people locked down at home took on building and renovation projects and timber mills sent workers home.
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HOMEOWNERS ASSOCIATION FORECLOSURES SOAR
When homeowners’ association (HOA) members fall behind in their dues, HOAs usually extend their grace periods as a courtesy.
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MARKET CONCENTRATION NOT LIMITED TO TECH STOCKS, ANALYST WARNS
More than a third of the value of the Standard & Poor’s 500 index is tied up in AI-related stocks, the Financial Times noted.
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NEW JOBLESS CLAIMS LOWER THAN EXPECTED
In the week ending 1 August, new claims for unemployment benefits rose by just 1,000 from the week before, reaching 199,000.
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U.S. WORKERS’ SHARE OF GDP SHRANK IN SECOND QUARTER
Workers’ share of the American economy’s productivity fell to a record low of 52.9 percent in this year’s second quarter, the Bureau of Economic Statistics (BLS) reported, down from 53.7 percent in the year’s first three months.
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U.S. ECONOMY SHEDS 23,000 JOBS IN JULY, MAY, AND JUNE REVISED DOWN
The U.S. economy shrank by 23,000 nonfarm jobs in July, the Bureau of Labor Statistics (BLS) reported, surprising analysts in a Reuters poll who had expected to see a gain of 80,000.