Single-family homebuilding fell 1.9% in May to the lowest level since September, signaling continued weakness in residential investment. U.S. housing starts slumped to a six-year low in May, driven by a 1.9% decline in single-family homebuilding to an annual rate of 882,00
Gold rallies on US-Iran deal reports Gold has surged at its fastest pace in two months following reports that strikes against Iran have been called off. The precious metal extended its rally on news of a deal between Washington and Tehran. With tensions easing, t
Justice Department overrides internal objections, clearing the deal on grounds it boosts competition in streaming and film distribution. The Justice Department finalized its approval of Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, bypassing form
A $1.4 million nest egg using the 4% rule generates $56,000 annually, leaving a $14,200 gap until Social Security begins at 67. Retiring at 62 with $1.4 million may create a $14,200 annual income shortfall before Social Security payments start at 67. The 4% withdrawal rule
MEXICO CITY, June 16 China was the fastest-growing buyer of Latin American and Caribbean goods in the first three months of 2026, a report by the Inter-American Development Bank (IDB) showed on Tuesday, but the U.S. remained the region's top market. The U.S. dominance was
Middle East benchmark crude grades flip to contango as easing supply concerns follow U.S.-Iran negotiations progress. Dubai and Murban crude futures moved into contango on Tuesday, signaling reduced fears over immediate supply shortages from the Middle East. The shift foll
Brent and WTI crude futures drop nearly 3% as traders anticipate resumed Iranian supply and weaker physical demand. Oil prices extended losses to a three-month low, with Brent crude futures falling $2.48 to $80.69 a barrel and U.S. West Texas Intermediate down $2.48 to $78
BERLIN, June 16 The European Parliament's approval of Brussels' trade deal with the United States is important for German auto makers seeking clarity but trade barriers remain too high, with tariffs on trucks particularly steep, an industry body said on Tuesday. Germany's
A $350 million Department of Energy (DOE) coal-revival program has put $18.5 million toward the TerraSpark Energy Campus, a 1.6-GW greenfield project in West Virginia pairing Babcock & Wilcox (B&W) supercritical boilers with Mantel Capture's molten borate carbon capture. I
Parsons Corporation (PSN) has been selected by the Minnesota and Wisconsin Departments of Transportation to provide design and construction oversight for the John A. Blatnik Bridge Project, a major asset replacement estimated to cost between $1.1 billion and $1.4 Newslette
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