News

According to Fox Business, White House Council of Economic Advisers Chairman Feren stated that the CPI report weakened the case for raising interest rates.

Market news: S&P Global expands its partnership with Microsoft (MSFT.O) to bring a wealth of key intelligence data to Microsoft 365 Copilot.

According to Axios: A senior U.S. State Department official stated that the U.S. urges all parties to abide by the framework agreement. Israel has made it clear that it has no intention of occupying Lebanese territory, and its long-term military presence in southern Lebanon is inconsistent with its commitments under the agreement and detrimental to the long-term peace and security of both countries.

According to Axios: The Trump administration criticized Israeli Defense Minister Katz's remarks about continuing the occupation of southern Lebanon, saying that such statements violated commitments made by the Israeli government in agreements signed with the United States and Lebanon.

The U.S. Department of Energy has announced that it will no longer proceed with the designation of the three proposed "National Interest Electric Transmission Corridors" that were selected for review in December 2024.

The Dow Jones Industrial Average closed down 21.69 points, or 0.04%, at 53,770.16 on Wednesday, August 12; the S&P 500 rose 20.31 points, or 0.26%, to 7,748.51 on Wednesday, August 12; and the Nasdaq Composite rose 143.04 points, or 0.54%, to 26,588.49 on Wednesday, August 12.

US President Trump: Levitt will become one of my senior outside advisors and an influential voice within the Republican Party.

US President Trump: White House Press Secretary Levitt will resign so she can spend more time with her family.

US President Trump: White House Press Secretary Levitt will leave office at the end of this month.

The Real Estate Institute of New Zealand: The adjusted median house price in July was down 0.6% year-on-year.

The Real Estate Institute of New Zealand: The adjusted median house price in July fell 0.5% compared to June.

U.S. Defense Secretary Hergsays: Colombia will join the U.S. anti-drug cartel alliance and authorize joint military operations with the United States.

In a speech in Panama, U.S. Defense Secretary Hergsays called on Latin American allies to withdraw from the International Criminal Court.

Market news: Minouch Shafiq, former deputy governor of the Bank of England and director of the International Monetary Fund, has stepped down as chief economic advisor to the British Prime Minister.

U.S. Central Command: As of August 12 local time, the U.S. military has forced 59 merchant ships to change course, rendered 3 ships inoperable, and boarded and inspected 2 ships.

According to CBC News: Canada and the United States are not yet ready to reach a tariff agreement, and Canada is dissatisfied with the latest U.S. proposal.

Iran's Persian Gulf Straits Authority: US officials have claimed and repeatedly announced that the Strait of Hormuz is no longer blocked, but these claims do not change the reality: the Strait of Hormuz remains closed and will not reopen unless Iran's conditions are accepted.

The U.S. Treasury Department reports that the budget deficit for fiscal year 2026 is $1.799 trillion year-to-date, compared to $1.629 trillion in the same period of fiscal year 2025.

The U.S. Treasury Department reported that the July budget deficit was the largest since March 2021 and set a new record for the largest monthly budget deficit in July.

The U.S. Treasury Department reported a budget deficit of $432 billion in July (compared to market expectations of $346 billion), compared to a deficit of $291 billion in July of last year.