News

The Federal Reserve accepted a total of $1.45 billion from two counterparties in its fixed-rate reverse repurchase operations.

The total number of natural gas drilling rigs in the United States for the week ending August 7 was 124, compared to 127 in the previous week.

The total number of drilling rigs in the United States for the week ending August 7 was 588, unchanged from the previous week.

The total number of oil rigs in the United States for the week ending August 7 was 454, compared to 451 in the previous week.

US President Trump: Two federal appeals court judges appointed by Obama and Biden have just voted against this much-needed military center, which is essential for Washington, D.C., and for U.S. national security itself. This is clearly a serious abuse of discretion.

US President Trump: We will immediately appeal to the US Supreme Court.

US President Trump: The court's ruling on the dance hall project must be completely overturned by the Supreme Court.

The total number of oil rigs in the United States for the week ending August 7 will be released in ten minutes.

According to ABC News: Despite his setback at the Supreme Court, Trump continues his attempt to fire Federal Reserve Governor Lisa Cook.

According to a filing with the U.S. Securities and Exchange Commission (SEC), BlackRock (BLK.N) disclosed that as of June 30, it held 51 million Class A ordinary shares of SpaceX (SPCX.O).

Lebanese President: My meetings with Trump, outside of the media, were positive. Trump expressed understanding of Lebanon's situation and opened many doors. The outcomes of the meetings with Trump are reflected in the lifting of restrictions on US airlines operating flights to Lebanon.

Iranian Foreign Ministry Spokesperson: Trump stated that the US will take the same approach towards Iran as it did towards Venezuela. However, there is a small problem here: before claiming "war spoils," one must first win the war, not get bogged down in a stalemate, fail to achieve its claimed (malicious) objectives, see its weapons stockpile dwindle, and lose credibility in the process.

The U.S. State Department: The U.S. Treasury Department today took steps to dismantle a network of currency exchange agencies and shell companies that helped Iran secretly transfer hundreds of millions of dollars through the international financial system. Through these networks, Tehran obtained oil revenues and used the shell companies to launder money and circumvent sanctions aimed at curbing its destabilizing activities.

Ukrainian President Volodymyr Zelensky: My team and I have arrived in Serbia. Today and tomorrow, we will hold important meetings with President Aleksandar Vučić and Minister Yulai Matusek. We will discuss expanding economic ties between our two countries, relations with the European Union, and security matters.

Market news: Apple (AAPL.O), Amazon (AMZN.O), and Nike (NKE.N) are facing questioning from Democratic Senator Warren regarding tariff refunds from the Trump administration. In a letter, Warren urged the companies to refund tariffs to consumers.

According to Punchbowl, Senate Armed Services Committee Chairman Roger Wicker stated that he plans to meet later today with Pentagon policy chief Elbridge Colby to discuss the Department of Defense's European force deployment posture assessment and "some other matters." The Department of Defense officially launched the assessment at the end of July.

A General Dynamics division has signed an agreement with the U.S. General Services Administration to provide enterprise IT and cybersecurity services to the Army National Guard and other federal government partners.

Trump nominated lawyer Danielle Tuman Seifert to serve as a commissioner of the Federal Communications Commission (FCC).

The German DAX 30 index closed up 163.94 points, or 0.63%, at 26,329.17 on Friday, August 7th; the UK FTSE 100 index closed up 35.52 points, or 0.33%, at 10,903.41 on Friday, August 7th; and the FCHI index closed up 15.22 points, or 0.17%, at 8,714.93 on Friday, August 7th. The Euro Stoxx 50 index closed up 22.09 points, or 0.34%, at 6524.65 on Friday, August 7; the Spanish IBEX 35 index closed down 16.42 points, or 0.08%, at 20163.98 on Friday, August 7; and the Italian FTSE MIB index closed up 59.28 points, or 0.11%, at 53742.00 on Friday, August 7.

The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning to the forecasting market about the risks associated with American-style odds.