What we are reading on August 5, 2026.
Financial news dominates the headlines and how Lindsey Graham got the last laugh.
US and Japan take action to prop up yen in rare joint move
Both countries have said that they will not hesitate to conduct joint interventions in the future.
Peter Hoskins
The world’s most important market is flashing red about the Iran war | CNN Business
Rising oil prices, persistent inflation fears and shifting expectations for rate hikes are rattling the world’s largest bond market, sending Treasury yields higher and pushing up borrowing costs for consumers.
John Towfighi
Gavin Newsom‘s California Forever Problem
California Forever failed at the ballot box. Now Gov. Newsom’s office is trying to push the tech billionaire-backed megacity through Sacramento
Gil Duran
Lindsey Graham’s Last Laugh
The senator’s funeral featured foreign dignitaries, security lines, and a eulogy from the president whose approval he never stopped seeking.
Mark Leibovich
The Fed’s preferred inflation gauge cooled in June. It might not last | CNN Business
The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer.
Alicia Wallace
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