Section

Economy

Macro indicators, Fed, employment

PBS NewsHour

Fed Governor Waller Comments on Interest Rate Outlook Ahead of Inflation Report

Federal Reserve governor Christopher Waller indicated that the upcoming inflation report on September 11 will heavily influence his stance on a potential interest rate hike. He suggested that if inflation continues to decrease, he may support keeping rates unchanged, but a rise in inflation could lead him to advocate for a hike. Waller's comments reflect ongoing discussions within the Fed regarding inflation trends and monetary policy.

Bias: 4 Sentiment: +0.00
Deutsche Welle

Volkswagen to Reduce Workforce by 100,000 by 2030

Volkswagen announced plans to cut 100,000 jobs by the end of the decade, representing about 15% of its global workforce. The decision follows management and union approval and includes potential closures of four major German plants. CEO Oliver Blume stated that the cuts are intended to align workforce levels with economic realities and to enhance the company's competitiveness.

Bias: 4 Sentiment: -0.20
PBS NewsHour

Venezuelans React to U.S. Control of Oil Reserves Amid Economic Challenges

Venezuelans are reacting to a recent agreement allowing the U.S. to control a significant portion of the country's oil reserves, with many viewing it as a loss of sovereignty. The deal comes amid ongoing economic challenges in Venezuela, where oil has historically been a key part of national identity and revenue. Experts suggest that it will take years for new investments to improve oil production due to the current state of the energy infrastructure.

Bias: 39 Sentiment: -0.10
The Hill

30-Year Mortgage Rate Reaches Highest Level in Over a Year

The 30-year mortgage rate has increased to 6.71 percent, the highest level in over a year, as reported by Freddie Mac. This rise from 6.66 percent may impact the purchasing power of potential homebuyers.

Bias: 4 Sentiment: -0.10
New York Times — Business

Mortgage Rates Rise to 6.71%, Highest Since July 2025

Mortgage rates have increased to 6.71%, the highest since July 2025. This rise is affecting the housing market and adding pressure on consumers dealing with elevated inflation.

Bias: 4 Sentiment: -0.50
cnbc.com

Vance Advocates for Federal Reserve Interest Rate Cuts

Vice President JD Vance called for the Federal Reserve to lower interest rates to improve home affordability, aligning with President Donald Trump's push for reduced borrowing costs. His comments come as the Fed prepares for an upcoming meeting to discuss potential rate adjustments amid ongoing inflation concerns.

Bias: 30 Sentiment: +0.00
New York Post

Prohibition Brewing Company to Close After 15 Years in Business

Prohibition Brewing Company in North County San Diego will close after 15 years of operation, with its owners preparing to sell the business. The brewery's property is listed for $2.75 million. This closure follows the recent shutdown of Stone Brewing's Escondido campus and reflects ongoing challenges in the San Diego beer industry, where over 20 breweries have closed in recent years.

Bias: 4 Sentiment: -0.20
New York Post

AI Wealth Growth Contributes to Housing Shortage in San Francisco

The growth of wealth from the artificial intelligence sector in San Francisco is contributing to a shortage of available mansions, with home prices rising 25% over the past year. Bidding wars are common, and many buyers, including those with significant cash offers, are unable to secure properties. The broader housing market is also affected, with a significant mismatch between available listings and affordability for many residents.

Bias: 36 Sentiment: +0.00
New York Post

US unemployment claims increase to 206,000 amid low layoffs and jobless claims

The Labor Department reported an increase in unemployment claims to 206,000 last week, with the four-week average rising to 207,250. Despite low layoffs, hiring remains cautious, with employers adding an average of 61,000 jobs per month this year, significantly below pre-pandemic levels. The upcoming Labor Department report is expected to show an addition of 65,000 jobs in August.

Bias: 4 Sentiment: +0.00
Deutsche Welle

Food Poisoning Cases Linked to Indonesia's Free School Lunch Program

In Indonesia, over 1,700 people have reported food poisoning linked to the government's free school lunch program initiated by President Prabowo Subianto. The outbreaks have been attributed to improper food storage and late meal delivery, prompting criticism from lawmakers and calls for the program's reassessment. The National Nutrition Agency has pledged to address the situation seriously.

Bias: 4 Sentiment: -0.50
Al Jazeera English

Canada expresses readiness for trade deal with the US, according to Carney

Canadian Prime Minister Mark Carney announced that Canada is ready to negotiate a trade deal with the United States that would benefit both nations. This comes after recent trade negotiations collapsed, leading to significant tariffs imposed by the US on Canadian goods. Carney also noted a softening in the US approach to trade discussions and outlined plans for Canadian investment in domestic rail car production.

Bias: 4 Sentiment: +0.00
Ars Technica

Trump Administration Imposes 100% Tariff on Foreign-Made Drones

The Trump administration has implemented a 100 percent tariff on foreign-made drones, effective September 3, 2026. This tariff targets drones with thermal imaging or those weighing over 55 pounds, while smaller drones will face a 25 percent tariff. Drones from US allies will also be subject to varying tariffs.

Bias: 14 Sentiment: -0.10
Axios

Federal Reserve Officials Express Caution on Potential Rate Hikes

Federal Reserve officials have expressed caution regarding potential interest rate hikes following a speech by Chairman Kevin Warsh. Fed Governor Christopher Waller indicated that improving inflation data could lead to maintaining current rates, while New York Fed President John Williams emphasized the need to assess incoming data before making a decision. The odds of a rate hike are currently viewed as nearly even.

Bias: 14 Sentiment: +0.00
The Hill

U.S. Trade Deficit Increases to $88.6 Billion in July

In July, the U.S. trade deficit rose to $88.6 billion, the highest level in more than a year. This increase was attributed to a $17.4 billion rise in the flow of goods and services out of the country compared to June.

Bias: 4 Sentiment: +0.00
Washington Examiner

Trump Denies Claims of U.S. Munitions Shortage Amid Ongoing Conflicts

President Donald Trump denied claims of a U.S. munitions shortage related to the war in Iran, asserting that the country has ample ammunition supplies. He criticized the Biden administration for its defense aid to Ukraine and claimed that U.S. production levels are unprecedented. Former undersecretary of war Robert Wilkie expressed concerns about armament readiness but noted that the situation can be improved.

Bias: 30 Sentiment: +0.00
PBS NewsHour

Vice President Vance Briefs Media Following White House Press Secretary Departure

Vice President JD Vance held a media briefing following the departure of White House Press Secretary Karoline Leavitt. During the briefing, he discussed economic policies regarding interest rates, addressed a recent military incident involving civilian casualties, and commented on U.S.-Iran relations. Vance also reflected on his upcoming appearance at a 9/11 memorial and shared his views on political friendships and potential presidential candidates.

Bias: 4 Sentiment: +0.00