Markets
Macro
Markets continue to push higher throughout the week. Many are unsure about the drivers behind the movement due to increasing trade tensions with many key international trade partners.
Market Intel
Home Prices Reach Record Highs
June experienced significant turmoil, characterized by ongoing tariff wars and geopolitical tensions. Inflation and home prices increased, indicating that a housing market rebound is unlikely in 2025. Spring is usually the busiest season for home sales, yet sales dropped to a 10-month low, driven by higher home prices and mortgage rates around 6.5%. Whi…
Tariffs Cut Deep Into GM Profit
General Motors reported second-quarter operating income of three billion dollars, down 32%, after absorbing about one point one billion dollars in new tariff costs. Revenue fell 2% to forty-seven billion dollars. The immediate hit to cash flow limits funds available for electric vehicle plants and other capital project…
Barclays Fined in Money-Laundering Case
U.K. regulators have fined Barclays roughly $56 million for lapses in monitoring high-risk clients, including a gold company tied to one of Britain’s largest money-laundering cases. The Financial Conduct Authority (FCA) issued a £39 million fine related to the bank’s handling of Stunt & Co., a firm run by James Stunt. It also received an additional £3 m…
US Strikes Pacific Trade Deals to Avoid Tariff Showdown
The United States has announced new trade agreements this week with Japan, Indonesia, and the Philippines, scaling back hefty tariffs imposed on imports from those countries. President Trump was to set steep “reciprocal” tariff hikes starting August 1st, but last-minute deals were negotiated to soften the blow. In exchange for lower U.S. import taxes, e…
Current Affairs
Government Standstill Over Epstein Files
The House called an early recess after lawmakers from both parties demanded that the Justice Department release full investigative records on Jeffrey Epstein, including FBI reports and potential client names. Speaker Mike Johnson ended votes two days ahead of schedule when a resolution forcing disclosure stalled on the floor, leaving the chamber at a st…
News
More From the Week
Famous heavy metal singer Ozzy Osbourne passed away this week at the age of 76.
The Trump administration on Thursday sued New York City over local laws that limit cooperation with federal immigration enforcement.
The Chinese owner of TikTok must come to a sale agreement, otherwise the app will become banned in the U.S, states U.S Commerce Secretary.
Hulk Hogan brought pro wrestling to new heights of popularity and was a pop culture icon for decades, passing away this week at 71.
Read the full stories and more at theweeklyyield.com.