Economy - Capital to Capitol

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Economy

A collection of 10 posts

US forces struck Iran on Larak Island in the Strait of Hormuz yesterday. Iran retaliated today by striking US military bases in Jordan and the UAE. The heads of the Army, Navy, and Air Force have told the defense secretary the war is unsustainable.

US and Iran exchanged military fire. The heads of the US Army, Navy, and Air Force told Hegseth the war is unsustainable. Trump struck a deal to control 65 billion barrels of Venezuelan oil. NASA's Roman Space Telescope fired its engines in space. Hurricane Karina is Category 4. Monday had range.

Economy Featured

Warsh stepped to the podium at Jackson Hole this morning and said: "I stand here today committed to a discipline, not to a decision." The market wanted a decision. He gave them a philosophy.

Warsh gave markets a philosophy not a rate path. ICE flooded Springfield where Trump falsely claimed Haitians ate pets, detaining 40 including two pastors. Navy may name a carrier after Trump not Doris Miller. DOJ suggested demolishing the Kennedy Center.

Treasury Secretary Scott Bessent called it "economic D-Day." He said it is "the single greatest financial offensive ever marshaled against an adversary."

The US launched Operation Economic Outcast. Iran called foreign support for it an act of war. Canada retaliated with its own tariffs. A federal court struck down Trump's 75-nation visa ban. ICE detained a deployed sailor's father. TikTok settled $400M. Nvidia reports Wednesday.

Warsh's Jackson Hole speech is in nine days. The FOMC minutes released today show three officials wanted to raise rates at the last meeting. Also the US national debt just hit $40 trillion.

FOMC minutes show broad hawkish dissent. UAE suspended all Iran trade. Canada tariff paused. Meta child safety trial opens. ZZ Top drummer dies. Coffee drinkers have less fat.

A Russian oil tanker ran aground yesterday and is now fouling the beaches of Oman. Trump threatened to bomb Oman yesterday too. Today Iran said it is shifting to a fully offensive military posture.

A Russian tanker fouled Oman's beaches as Trump threatened to bomb Oman. Iran is now shifting to a fully offensive military posture. Florida votes today. Tupac murder trial opens 30 years later. Young adult unemployment at 2010 highs. 2D barcodes coming to grocery stores. Tuesday had range.

Operation Puppet Master and Operation Whipple Shield. The Trump administration ran two covert surveillance operations targeting left-wing groups in Minnesota.

Federal agents ran Operation Puppet Master and Whipple Shield in Minnesota, surveilling labor unions and climate groups never accused of crimes. Nolan Wells's phone was found with a friend. Harvard won the antisemitism case. Stairs cut cardiovascular death by 39%. Friday had range.

Sailors on the USS Abraham Lincoln have been at sea for 260 consecutive days. At least 6 of them have tried to jump overboard.

Sailors tried to jump overboard after 260 days at sea. Mangione expected to plead guilty tomorrow. Kennedy Center renamed after Trump. CIA had low confidence in the catering truck threat. Ecuadorian fishermen attacked by English speaking men in US flag uniforms. Eight missing.

The US economy lost 23,000 jobs in July. Nobody expected that. Markets went up anyway.

The US lost 23,000 jobs and markets rose. Iran's Supreme Leader missing since February. Earth's core reversed direction. Meta ordered to pay $567M for harming kids. Average American pays $69/month for streaming. First mRNA flu vaccine approved. Friday closed the week.

Iran and Oman just agreed on coordinates for a Hormuz shipping corridor. Ships would pass through Iranian waters. That is not a reopening. It is a toll booth.

Iran-Oman Hormuz deal runs through Iranian waters. Prescription THC eliminates PTSD nightmares and VA physicians can't prescribe it. Ancient sediments rewrote the Atlantic current. Zac Brown gave 37,000 fans a free cruise. El Niño threatens 50M. CIA Cuba task force. Jobs tomorrow.

Japan's earthquake hit a semiconductor corridor. The Rushdie attacker was convicted on federal terrorism charges. The EU launched seven AI gigafactories.

Japan's earthquake disrupted TSMC, Sony, and Renesas. The Rushdie attacker was convicted on terrorism charges tied to Iran. xAI sued Minnesota. Employers cut Ozempic benefits. GDP slowed and the Fed held. The AG nomination stalled. Apple and Amazon report tonight.