International Business Times

Consumer Sentiment Declines Sharply In July. Republicans Lead The Drop.

Consumer sentiment dropped sharply in August, falling to 51.0 compared to 55.2 in July. Sentiment among Republicans is almost 20% lower than before the war in Iran began in late February.

Retail Sales See The Biggest Drop In More Than A Year. The Fading Effect Of Tax Refunds May Have Played A Role.
Inflation Eased Again In July. But The Middle East Energy Shock Is Putting The Relief At Risk.

Retail Sales See The Biggest Drop In More Than A Year. The Fading Effect Of Tax Refunds May Have Played A Role.
Retail sales declined 0.6% in July, according to data from the Commerce Department.
Many Young People Think AI Is Taking Their Jobs. But Data Suggests It Is Not Massive Yet.
More than a quarter of young people think AI is costing people jobs, even though the impact of the technology on job loss remains relatively small so far.
Inflation Eased Again In July. But The Middle East Energy Shock Is Putting The Relief At Risk.
The Consumer Price Index rose just 0.1% in July after declining 0.4% in June, and annual inflation eased to 3.4% from 3.5% the previous month. PPI prices were also below expectations.
The Iran War Continues Depleting The U.S.'s Arsenal. It Has Reportedly Lost A Quarter Of Its Reaper Drones.
The U.S. military lost at least 45 such drones during the war. Each one can cost between $30 million and $50 million.
Vice President JD Vance Says The Administration Has A New Primary Goal In The Iran War
Vance said the main goal is "keeping oil and gas cheap for Americans all over our country." The second one is preventing Iran from getting a nuclear weapon.
U.S. To Focus On Applying Economic Pressure On Iran As War Drags On: 'Never Been Seen'
Treasury Secretary Scott Bessent said tactics will focus on economic isolation and the continued blockade of the country's ports in the Strait of Hormuz.

The World Is Running Short On Diesel. Major Conflicts Are Making It Worse.

A new analysis found that refineries worldwide processed 7.5 million fewer barrels of crude per day last month than during the same period last year.

The Spotlight

The massive miss on jobs creation fanned fears about the US economy

The Job Market Is Stable But Workers Say It Feels Frozen: Report

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

Economy in Focus

Global Chaos Hasn't Stopped Shipping. Executives Are Marveling At The Industry's Resilience.
CEOs from two of the world's largest shipping companies are saying that the industry has shown resilience in the face of challenges such as the Iran war.
- A Prolonged Hormuz Closure Could Send Crude to $140 As U.S.-Iran Deal Remains Elusive
- The Upcoming Inflation Report Is a Big Deal for the Fed. Here's What Economists Expect.
Trump-Linked Oil Venture Delays Greenland Drilling Over Government Warning
The setback comes as President Donald Trump renews his push for U.S. control of Greenland and the Arctic territory maintains restrictions on new oil exploration.
- Denmark Used Military Drills To Disguise Actual Preparations To Resist A Potential U.S. Invasion Of Greenland: Report
- Greenland Prime Minister Says Residents' Fear Of Potential U.S. Invasion Is 'Turning Into Anger'

Bitcoin's Search For A Bottom Continues. Technical Signals Are Starting To Shift

While Bitcoin remains under pressure after months of volatility, several widely followed technical indicators suggest selling momentum may be easing, according to market analysts.

Contributor

The Financial Reset: A Practical Framework for Regaining Control of Household Debt

A practical guide to managing household debt, creating a realistic budget, building savings, and developing sustainable strategies to regain control of your finances.

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The Last Cheap Watt: Where Bitcoin Mining Goes When Data Centers Take the Grid
Bitcoin mining profitability 2026 is not only a question of ASIC price, hashprice, or pool selection.
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How to Accept Crypto Payments as a Business: A Guide to Stablecoin Settlement
The growing interest in on-chain finance is reflected in various industry reports, including those from Big Four accounting firms, fintech companies, and payment service providers.