TRUMP ADMIN TAPS FORMER JPMORGAN CHASE EXEC MATT ZAMES TO ADVISE SOCIAL SECURITY AGENCY - CNBC
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CITADEL HAS SHED OVER 80% OF AGGREGATE RISK FROM SITUATIONAL AWARENESS PORTFOLIO - CNBC CITING LETTER
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OMANI, IRANIAN FMS DISCUSS CONDITIONS FOR RESUMING NEGOTIATIONS THAT SUPPORT RESUMPTION OF NAVIGATION THROUGH STRAIT OF HORMUZ - OMAN STATE NEWS AGENCY
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US INTENDS TO PAY $725 MILLION TOWARDS ITS U.N. DEBT, CONGRESSIONAL DOCUMENT SHOWS
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NEW YORK FED BOOSTS Q3 GDP OUTLOOK
The New York Fed raised its Q3 2026 GDP growth forecast to 2.3%, up from 2.14%.
The upgrade was driven by stronger-than-expected building permits and the Philadelphia Fed Manufacturing Survey.
The Fed sees a 50% probability range of 1.1%–3.4%, while the wider 80% range stands at 0.0%–4.5%.
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The New York Fed raised its Q3 2026 GDP growth forecast to 2.3%, up from 2.14%.
The upgrade was driven by stronger-than-expected building permits and the Philadelphia Fed Manufacturing Survey.
The Fed sees a 50% probability range of 1.1%–3.4%, while the wider 80% range stands at 0.0%–4.5%.
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U.S. MOVES TO PAY $725 MILLION TO U.N.
The Trump administration has begun transferring $725 million to the United Nations, ahead of President Trump’s expected U.N. speech next month.
The payment represents less than 20% of the $4+ billion the U.N. says Washington owes.
The funds could temporarily ease the U.N.’s severe cash crisis, helping cover salaries and operations.
Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
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The Trump administration has begun transferring $725 million to the United Nations, ahead of President Trump’s expected U.N. speech next month.
The payment represents less than 20% of the $4+ billion the U.N. says Washington owes.
The funds could temporarily ease the U.N.’s severe cash crisis, helping cover salaries and operations.
Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
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Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
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DALIO: DUMP BONDS, BUY GOLD AS DEBT CRISIS LOOMS
Ray Dalio warns a U.S. debt crisis could hit within three years, as deficits and interest costs surge.
He recommends underweighting bonds and allocating 10%–15% to gold, plus a small Bitcoin position.
Dalio argues rising debt could force higher rates or money printing, weakening currencies and fueling inflation.
He expects gold and Bitcoin to outperform as investors seek alternatives to government-backed assets.
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Ray Dalio warns a U.S. debt crisis could hit within three years, as deficits and interest costs surge.
He recommends underweighting bonds and allocating 10%–15% to gold, plus a small Bitcoin position.
Dalio argues rising debt could force higher rates or money printing, weakening currencies and fueling inflation.
He expects gold and Bitcoin to outperform as investors seek alternatives to government-backed assets.
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TRUMP SAYS BESSENT ACTED ALONE ON TREASURY BUYBACKS
President Trump says he did not direct Treasury Secretary Scott Bessent to intervene in bond markets.
Bessent independently doubled planned Treasury buybacks and signaled purchases could increase further.
The move initially pushed yields lower, but most of the decline was reversed by Friday as concerns over U.S. debt and inflation persisted.
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President Trump says he did not direct Treasury Secretary Scott Bessent to intervene in bond markets.
Bessent independently doubled planned Treasury buybacks and signaled purchases could increase further.
The move initially pushed yields lower, but most of the decline was reversed by Friday as concerns over U.S. debt and inflation persisted.
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U.S. LABOR MARKET MAY BE WEAKER THAN HEADLINE DATA
Nearly 25% of U.S. workers were “functionally unemployed” in July, according to the Ludwig Institute’s alternative labor-market measure.
The metric includes unemployed workers, involuntary part-timers and those earning poverty-level wages.
The rate has risen for four straight months, while workforce participation has declined, signaling potential labor-market weakness despite the official 4.1% unemployment rate.
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Nearly 25% of U.S. workers were “functionally unemployed” in July, according to the Ludwig Institute’s alternative labor-market measure.
The metric includes unemployed workers, involuntary part-timers and those earning poverty-level wages.
The rate has risen for four straight months, while workforce participation has declined, signaling potential labor-market weakness despite the official 4.1% unemployment rate.
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U.S. MILITARY SAYS A U.S. NAVY P-8A POSEIDON TRANSITED THE TAIWAN STRAIT IN INTERNATIONAL AIRSPACE ON AUGUST 21
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HUMANOID ROBOT 'LIGHTNING', DEVELOPED BY CHINESE FIRM HONOR, RAN 100 METERS IN 9.32 SECONDS DURING A TEST EVENT - CCTV
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IRAN GRANTS SOME IRAQI OIL TANKERS PASSAGE THROUGH HORMUZ
Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, according to IRNA.
The special permission comes as overall shipping through the Strait remains severely restricted.
Iraq, which relies heavily on Gulf export routes, is also working to expand alternative oil shipments through Turkey, Syria and Jordan.
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Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, according to IRNA.
The special permission comes as overall shipping through the Strait remains severely restricted.
Iraq, which relies heavily on Gulf export routes, is also working to expand alternative oil shipments through Turkey, Syria and Jordan.
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USTR GREER: DON'T HAVE NEW TALKS PLANNED WITH CANADA- FOX NEWS INTERVIEW
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CANADA SETS SEPTEMBER 8 FOR NEW U.S. TARIFFS
Canadian Prime Minister Mark Carney says new retaliatory tariffs on U.S. goods will take effect September 8 after negotiations to avoid additional U.S. tariffs collapsed.
Carney said Canada will release details of the measures in the coming days.
The move signals a renewed escalation in U.S.-Canada trade tensions.
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Canadian Prime Minister Mark Carney says new retaliatory tariffs on U.S. goods will take effect September 8 after negotiations to avoid additional U.S. tariffs collapsed.
Carney said Canada will release details of the measures in the coming days.
The move signals a renewed escalation in U.S.-Canada trade tensions.
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PUTIN WARNS UKRAINE OVER STRIKES ON ECONOMIC TARGETS
President Vladimir Putin says Ukraine has opened a “Pandora’s box” by attacking Russian economic infrastructure.
Putin said Moscow has responded with strikes against Ukraine’s economy that he described as more effective.
The comments signal a risk of further escalation in attacks targeting economic infrastructure.
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President Vladimir Putin says Ukraine has opened a “Pandora’s box” by attacking Russian economic infrastructure.
Putin said Moscow has responded with strikes against Ukraine’s economy that he described as more effective.
The comments signal a risk of further escalation in attacks targeting economic infrastructure.
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TOP SECURITY OFFICIAL REZAEI SAYS IRAN WILL TARGET INTERESTS OF COUNTRIES HELPING U.S. ECONOMIC WARFARE AGAINST THE ISLAMIC REPUBLIC - STATE TV
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CARNEY OUTLINED NEXT STEPS TO PROTECT CANADIAN INTERESTS, INCLUDING DOLLAR FOR DOLLAR COUNTER-TARIFFS THAT WILL COME INTO FORCE THE TUESDAY AFTER LABOUR D.-STATEMENT
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NVIDIA AI SERVER PRICES REPORTEDLY SET TO JUMP 15%+
Some of Nvidia’s largest customers have been told AI server prices will rise by more than 15% in many cases as memory costs surge, Bloomberg reports.
The increases are expected to affect systems shipped early next year, including Vera Rubin and Grace Blackwell platforms.
Higher hardware costs could further increase the price of expanding AI data center capacity.
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Some of Nvidia’s largest customers have been told AI server prices will rise by more than 15% in many cases as memory costs surge, Bloomberg reports.
The increases are expected to affect systems shipped early next year, including Vera Rubin and Grace Blackwell platforms.
Higher hardware costs could further increase the price of expanding AI data center capacity.
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CANADA HITS BACK WITH DOLLAR-FOR-DOLLAR U.S. TARIFFS
Canada will impose retaliatory tariffs on U.S. goods starting September 8 after trade negotiations collapsed.
Prime Minister Mark Carney said the measures will match Washington’s new tariffs dollar for dollar, targeting steel, dairy, electronics, appliances and other sectors.
The escalation follows new 50% U.S. tariffs covering roughly $20 billion of Canadian exports.
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Canada will impose retaliatory tariffs on U.S. goods starting September 8 after trade negotiations collapsed.
Prime Minister Mark Carney said the measures will match Washington’s new tariffs dollar for dollar, targeting steel, dairy, electronics, appliances and other sectors.
The escalation follows new 50% U.S. tariffs covering roughly $20 billion of Canadian exports.
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