Goldman's World Cup Winner Prediction Is ...

EU To Freeze Trade Deal With US After Supreme Court Overturns Trump Tariffs Update (9:40am ET): In response to the EU's decision to freeze ratification of Trump's landmark deal, the US president has come out swinging and on Truth Social threatened any countries that "play games" with the supreme court decision that they "will be met with a much higher tariff." It just isn't clear what the procedure for these much higher tariffs - aside from Section 122 which is limited to 150 days - will be now that IEEPA...

Which US States Are Seeing Incomes Rise The Fastest (And Slowest) Since 2019, U.S. household incomes have surged - rising from $68,700 to $83,730 nationally, a 21.9% increase in just five years. But where you live matters a lot. While some states tracked close to the national average, others saw incomes climb at nearly double the pace, driven by booming local industries and major investment. States like Colorado posted outsized gains, while Georgia’s expanding EV industry brought billions in investment and rising paychecks. The map, via Visual Capitalist's Dorothy Neufeld, shows which states saw...

72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease. Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...