Trump Posts Image Labeling Strait of Hormuz as ‘New US Territory’

These Are The World's Most Prosperous Countries The world’s richest countries are not always the most prosperous. As Visual Capitalist's Dorothy Neufeld details below, according to the Atlantic Council’s 2026 Prosperity Index, the world’s most prosperous countries tend to combine economic strength with high living standards. Meanwhile, the U.S. places 38th overall, far below many smaller advanced economies, highlighting the gap between wealth creation and broader quality of life. Europe Leads Global Prosperity Rankings Europe dominates the rankings, claiming 30 of the top 40 spots. Norway, Iceland, Denmark, and Sweden all place in the global...

US Housing Starts Plummet In July, Near COVID Lows After Housing Starts exploded higher in June (driven by a massive rebound in multi-family units), July was expected to see a reflexive decline of 5.9% MoM... ...things were considerably worse, with US Housing Starts plunging 12.4% MoM (the third major monthly drop in four months)... On the other hand, the more forward-looking Building Permits (preliminary for July) rose 5.0% MoM (well above the 0.6% MoM expected), after two months in a row of declines. On a SAAR basis, Starts at back near post-COVID lows...

Iranian Supreme Leader Ayatollah Mojtaba Khamenei said in a statement on Thursday that the future of the Persian Gulf is without a US presence and vowed that Tehran would set “new legal frameworks” for the Strait of Hormuz. The statement, which commemorated Iran’s Persian Gulf National Day, was issued through Iranian media as Khamenei has […]