The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
A drone strike on an industrial zone outside the Russian capital of Moscow has killed five people and wounded 10 others, the region’s governor said Tuesday, as Moscow and Kyiv traded attacks. Ukrainian drones hit three warehouses across Russia overnight, including two run by e-commerce giant Wildberries, the local Russian official said. RYAZAN, RUSSIA – JULY 29:…
