The Ukrainian military continues to try to expand the war against Russia and has recently turned to long-range drones to target Russian vessels near Crimea as Kyiv tries to show that the Russian military is unable to defend the peninsula, according to a report last week.
The U.S. is sending more military aircraft to the Middle East as the hot war between Washington and Tehran intensifies, according to a report Sunday.
The Iran War has proven to Tehran that its most feared weapon is its ability to close the Strait of Hormuz, and the country’s new leadership will not ever give up its rule over the strategic waterway, according to a report in the Financial Times.
During this fiscal year that began on 1 October, the U.S. government has been borrowing an average of $39 billion a week, running up a budget deficit so far of almost $1.4 trillion, and is now paying $23.8 billion a week in interest on that debt, Fortune magazine reported.
U.S. oil reserves increased by three million barrels during the week of 3 July but that was a proverbial drop in the bucket.
The renewed hostilities along the Persian Gulf are likely to accelerate global inflation, roil supply chains, and bog down financial markets, the International Monetary Fund (IMF) warned in an 8 July report.
AI’s surging power demand will continue for years.
The U.S. Federal Reserve’s Open Market Committee routinely offers “forward guidance” – an indication of how interest rates might change in the future – after its meetings.
The U.S. global trade deficit leaped up 42.2 percent in May, year on year, to $77.6 billion, a 14-month high, driven by a record high value of imported capital goods, the commerce department reported.
Although the U.S. jobless rate held steady at 4.2 percent last month, the number of Americans no longer looking for work because they have no expectations of finding a job is rising, according to a Newsweek analysis.