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Escalating U.S.-Iran military tensions reignited concerns about energy prices and economic impact, though stock markets showed resilience with the S&P 500 remaining near record highs despite rising oil and bond yields.
Harvard economist Kenneth Rogoff warns a U.S. debt crisis is coming, driven by a deficit running at 6-7% of GDP, with higher earners likely facing tax increases as a solution.
Richardson Electronics expects fiscal 2027 growth driven by stronger semiconductor wafer-fabrication demand, wind-turbine products and battery storage, with fiscal 2026 revenue rising to approximately $228 million.
Dick’s Sporting Goods stock fell 30% after reporting quarterly earnings that missed expectations and lowering its Foot Locker outlook due to challenging footwear market conditions.
Federal Reserve Chair Kevin Warsh’s Jackson Hole speech is expected to have minimal market impact, with historical data showing stocks gain just 0.4% on average in the following week.
Japanese automakers face headwinds from yen-strengthening intervention and Middle East conflict, threatening profit margins despite recent strong quarterly results.
