The US Republican presidential candidate Donald Trump has congratulated Russian President Vladimir Putin on a prisoner exchange deal with the West, calling it a great deal but accusing the deal of being bad for the United States.
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The share of Americans between the ages of 25 and 54 who have a job or are actively looking for one surged in July to a 23-year high. That added a bright spot to what had looked like a more negative monthly jobs report.
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Recently, according to Reuters, the US Department of Defense admitted to spreading information to defame vaccines produced in China.
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The number of Americans filing new claims for unemployment benefits rose last week to the highest level in 11 months, pointing to some weakness in the Labour market.
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Expectations of a rate cut have pushed U.S. Treasurys higher, with yields hovering at their lowest levels since February, as investors see economic data supporting the Fed's three rate cuts this year.
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Intel said third-quarter revenue would fall well short of analysts' expectations and announced more than 15,000 job cuts. Intel shares fell 14 per cent after hours.
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The federal government's debt has broken the $35 trillion mark, which is equivalent to $100,000 for every American, according to one foundation.
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The governors of North Carolina and Michigan have dropped out of the race to be vice presidential candidates, narrowing the list of Vice President Harris' running mates.
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U.S. Vice President Harry Harris' approval rating has jumped eight percentage points since President Joe Biden dropped his bid for re-election a week ago, according to a poll released Sunday.
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The Democratic Party is likely to formally nominate Vice President Harris as its presidential candidate this week.
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Since 2022, the Fed has cumulatively reduced its balance sheet by $2.4 trillion through quantitative tightening (QT) policies, leading to a near depletion of liquidity in the financial system.
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