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The U.S. Is Burning Through Weapons in Iran. Russia and China Are Taking Note. The New York TimesTrump, Hegseth clashed at Camp David over Iran missile depletion concerns The Washington PostU.S. has used nearly all its stockpile of long-range missiles in Iran war, sources say CBS NewsHow the U.S. Squandered Its Strategic Advantage theatlantic.com
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The Memo: Weak jobs report clouds economy as Trump barrels toward midterms The HillU.S. economy unexpectedly lost 23,000 jobs in July CNBCLabor Market Shifts Into Reverse as Employers Balk at Hiring The New York TimesUnemployment rate is falling, but for 'the wrong reason,' experts say USA Today
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AI can't just be bolted onto existing processes. It needs to be embedded into every strategic decision.
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Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank's 2 percent target.
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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