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US Trade Deficit Hits $88.6B in July as AI Chip Imports Surge
US trade deficit reached $88.6 billion in July 2026, up 24% from June. AI-driven demand for semiconductors and computers pushed imports to record highs while exports fell 2.1%.
Vance Says Iran Conflict Isn’t a War as US Strikes Continue, Midterm Pressure Mounts
VP Vance says the US-Iran conflict is not a war and won’t commit to a timeline for ending the six-month conflict that has killed 18 US troops and wounded 790 others.
DTE Power Outage Leaves 260K Without Electricity After Severe Michigan Storms
More than 260,000 DTE Energy customers lost power in Southeast Michigan after severe storms on September 3. Wind gusts reached 70 mph, causing widespread damage and outages.
DTE Outage Map Shows 290,000 Without Power in Michigan After Storms
DTE Energy customers in Southeast Michigan face 290,000+ power outages after severe storms on September 3. Wind gusts reached 70 mph in some areas. Utility mobilized 2,600+ response teams.
Recycling Plastics Australia Collapses Into Administration, 60 Jobs at Risk
Recycling Plastics Australia enters voluntary administration after supplier insolvency. 60 jobs at risk. Company received $20M federal grant in 2024 to process soft plastics.
HDFC Bank Shares Hit 52-Week Low as Jagdishan Steps Down in October
HDFC Bank CEO Sashidhar Jagdishan steps down in October 2026. Shares hit 52-week low of ₹704.15. Deputy MD Kaizad Bharucha leads internal succession race. Meyka rates stock B+.
US Strikes Iran’s Larak Island; Oil Jumps Above $90 on August 31
U.S. forces struck two Iranian rocket launchers on Larak Island on August 31, the first attack in weeks. Iran fired back with missiles at Jordan bases and drones at UAE targets. Brent crude jumped 2.7% to $90.49.
Tom Begich Drops Alaska Governor Race, Backs Democrat Rival on August 29
Tom Begich suspends Alaska governor campaign after finishing second in primary, endorses Democrat Jonathan Kreiss-Tomkins. Cook Political Report rates race likely Republican.
US Weighs 7.5% Tariff on China; Switzerland Could Be Hit Too
Washington considers 7.5% additional tariffs on Chinese goods over overcapacity claims. China opposes the move and threatens countermeasures. Switzerland may also face duties.