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U.S. Treasury Department: Government spending in July reached $766 billion, a record high for July and higher than the $630 billion in July last year. Government revenue in July was $334 billion, lower than the $338 billion in July last year.

2026-08-13

U.S. Treasury Department: Government spending in July reached $766 billion, a record high for July and higher than the $630 billion in July last year. Government revenue in July was $334 billion, lower than the $338 billion in July last year.

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2026-08-12

Foreign Ministry spokesman Guo Jiakun said China has noted reports that SAIC plans its first European factory in Ferrol and that Spanish authorities are reviewing the project on economic, industrial, employment and national security grounds because t

Foreign Ministry spokesman Guo Jiakun said China has noted reports that SAIC plans its first European factory in Ferrol and that Spanish authorities are reviewing the project on economic, industrial, employment and national security grounds because the site is near sensitive military and shipbuilding facilities. Guo said China has noted positive statements from Spain’s central and local governments, is willing to deepen pragmatic cooperation on the basis of mutual respect and win‑win outcomes, and urged Spain to provide Chinese firms a fair, just and non-discriminatory business environment.
2026-08-12

Seema Shah, chief global strategist at Xin'an Asset Management, said today's CPI print plus weak July jobs should cool expectations for a September Fed hike but do not eliminate the risk. Unless August inflation also shows muted price pressures, a Se

Seema Shah, chief global strategist at Xin'an Asset Management, said today's CPI print plus weak July jobs should cool expectations for a September Fed hike but do not eliminate the risk. Unless August inflation also shows muted price pressures, a September move remains a material possibility. With the Strait of Hormuz still closed, energy supply upside to inflation is a lingering risk; the baseline view is that the Fed will hold rates this year, but continued supply disruption would keep intra‑year hike risk alive. Shah also flagged AI-driven inflationary pressures as a non-negligible upside risk.
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