In a new ZEW Indicator of Economic Sentiment, investors’ outlook for the Eurozone’s business future plunged 25.8 points to 17.9, the biggest one-month tumble since early in 2020 when the COVID War began.
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GLOBAL STOCK MARKETS BOUNCE BACK
After tanking early this month on fears of a U.S. recession, global equity markets are making their way back on various pieces of reassuring good news from the U.S. economy.
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BATTERY COMPANY TO BUILD $1.4-BILLION PLANT IN NORTH CAROLINA
Natron Energy, a $300-million startup developing a novel battery technology based on sodium, has announced plans to build its first commercial-scale factory, a $1.4-billion project in North Carolina.
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SURGING POWER DEMAND REVIVES U.S. COAL, GAS INDUSTRIES
Data centers that power artificial intelligence (AI) are spiking demands for electricity and are projected to double 2022’s U.S. electricity demand before 2027.
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RETAIL SALES GREW BY 1 PERCENT IN JULY
July’s 1-percent expansion in the U.S. retail economy was the largest month-to-month gain since early 2023, the commerce department reported, even as consumers coped with high interest rates and rising prices.
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IVF BECOMES NEW TARGET FOR RELIGIOUS RIGHT, WHICH TRUMP NEEDS TO WIN
Donald Trump is trying to avoid reproductive issues in the 2024 election because he knows that Vice President Kamala Harris will be able to capitalize on abortion in the fight for the all-important women vote.
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IRAN WILL RESPOND TO ISRAEL’S ASSASSINATION IN ‘DUE TIME,’ SAYS TOP COMMANDER
A top commander from Iran's Islamic Revolution Guards Corps told reporters on Monday that Tehran will make good on its vow to strike back against Israel in “due time” after the high-profile assassination of Hamas’s political chief Ismail Haniyeh.
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UNEMPLOYMENT CLAIMS ARE FEWEST SINCE MID-JULY
During the week ending 10 August, new weekly claims for U.S. unemployment benefits decreased by 7,000 to reach 227,000, the fewest in the past month.
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INFLATION DROPS BELOW 3 PERCENT FOR FIRST TIME IN THREE YEARS
The U.S. Consumer Price Index rose at an annual pace of 2.9 percent in July, falling from 3.0 percent in June and sliding below 3 percent for the first time since 2021, the Bureau of Labor Statistics (BLS) reported.
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GAZA DEATH TOLL
Israel continues its relentless killing spree in Gaza. But with over 40,000 Palestinians killed by Israel, of which some 70 percent are women and children, it’s not “news” in America.