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US mortgage rates exceeded 7% for the first time since January 2025 following a Federal Reserve rate increase, pressuring an already strained housing market with limited supply and elevated borrowing costs.
The U.S. Strategic Petroleum Reserve has fallen below 285 million barrels—the lowest since the early 1980s—after multiple government withdrawals to stabilize fuel supplies amid geopolitical tensions.
U.S. farmers face mounting losses as input costs surge and trade disputes limit market access, with many struggling to break even despite modest revenue projections for 2026.
Oura, a smart-ring maker tracking sleep and heart rate patterns, plans to go public this week in one of this year’s largest IPOs, seeking to raise up to $2.2 billion at a $15 billion valuation.
The US and China announced reciprocal tariff reductions on $30 billion each of goods, including consumer products, agricultural items, and animals, marking a step back from earlier trade tensions.
Aldi plans to invest £900m in the UK and open over 40 stores next year as the German retailer accelerates expansion in the competitive British supermarket market.
