US News-Economy

Employment

US Jobless Claims

The number of people claiming unemployment benefits in the US eased by 4,000 from the four-month high in the previous week to 226,000 in the second week of June, loosely aligned with market expectations of 225,000.

Manufacturing

Philadelphia Manufacturing

The Philadelphia Fed Manufacturing Index improved to 10.3 in June 2026 from -0.4 in May, slightly above market expectations of 10, signaling a return to expansion in regional manufacturing activity.

Retail Sales

USA Retail Sales

Retail sales in the US increased 0.9% mom in May 2026, higher than a downwardly revised 0.4% rise in April and above forecasts of 0.5%, signalling a robust consumer spending. Core retail sales rose by 0.8%.

US-Iran War

US-Iran-Israel War in 2026 has created energy ripples in the entire world with Iran Blocking the Strait of Hormuz. US and Israeli strikes have killed the Iranian Supreme leader Ayatollah and scores of Civilian and Military leaders.

18.45 PM: US President Donald Trump has signed the US-Iran Peace deal despite opposition from Israel

Ukraine-Russia war

Ukraine-Russia war is going out for last 4 years and is the most prominent conflict in Europe after the end of WW II. Russia has occupied about 80% of the eastern Ukraine and is fighting to take over key cities like Kharkov.

18.48 PM: Ukraine has launched series of drone strikes on Russian energy facilities.

US-Cuba

US under President Donald Trump is trying for a long time to control Cuba on a strategic basis. Recent US success in capturing Venezuelan Dictator Maduro and its Oil has emboldened the US president.

18.50 PM: Cuban government is maintaining a cautious autonomy till now despite US threats.

US-China

US and China is confronting each other is multiple trade and geopolitical fronts. Chinese movements in South China Sea and around Taiwan is a major point of concern between the two other than the trade.

19.00: US-China trade agreement is still fraught with uncertainty as both push for trade space.