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Washington Just Floated the Largest Defense Budget Since World War II
The current US defense budget already runs around $1 trillion for the year. The administration's proposal for 2027 would push that to
Silver Just Hit a Two-Month High, and It's Still Down Nearly Half From January
Silver opened this week at its highest level since June, trading above $62 an ounce and holding near $58 through early August as tensions
Mortgage Rates Are Creeping Back Toward 7%, and Oil Is Part of the Reason Why
The 30-year fixed mortgage rate has climbed to 6.65% to 6.66% as of early August, with some refinance quotes pushing past
Big Tech Is About to Spend $697 Billion on AI, and the Bill Just Got Bigger
Sell-side analysts now peg 2026 capital spending at roughly $697 billion for just five US technology companies, up $173 billion from where estimates
The Labor Market Is Cooling "Unmistakeably," and That Phrase Is Doing a Lot of Work
The economy added 142,000 nonfarm payroll jobs last month, short of the 165,000 economists expected, while the unemployment rate ticked down to
Corporate Earnings Just Had Their Best Quarter in Five Years, and Wall Street Still Underestimated It
Analysts walked into this earnings season expecting S&P 500 profit growth of roughly 32%. With 61% of companies now reporting, aggregate earnings
Oil Spiked From a Middle East Conflict, and Nuclear Stocks Are the Ones Rallying
Oil prices have climbed to some of their highest levels in years as conflict in the Middle East keeps supply risk elevated. The stock
REITs Just Quietly Beat the Market, and Hotels Are Doing the Heavy Lifting
While most of the market's attention this year has stayed fixed on rates and tech earnings, real estate investment trusts turned in
The Tariff Deadline Nobody's Talking About Just Reshaped Corporate Costs
Most of the tariff headlines this year focused on the big reciprocal rate resets. The one that actually matters more for corporate margins right
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