MUSALEM of the Federal Reserve said gradual rate hikes have lower costs than abrupt policy moves.

Yemeni government sources said on Aug 6 Houthi forces attacked army camps in Marib and Hadramawt provinces, killing at least 30 government soldiers; the death toll may rise. Houthi spokesman Yahya Saree issued a video statement saying missile and drone strikes hit sites he described as Saudi military deployments across both provinces, and claimed hundreds of pro‑Saudi fighters were killed or wounded and that camps, weapons depots and vehicles were destroyed.

Guizhou Tyre Co., Ltd said its wholly owned overseas unit, North American Commercial Tire Resources Inc. (NACTR), has received refunds from U.S. Customs and Border Protection totalling $11,983,022.69 — duties $11,526,616.45 and interest $456,406.24 — equivalent to about RMB81,358,732.55 using the Aug. 6, 2026 mid-rate of 6.7895.