Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Macro & Central Banks
U.S. Q2 GDP Growth Slows to 1.5%, Undershooting Forecasts
U.S. GDP grew at a 1.5% annualized rate in Q2 2026, down from 2.1% in Q1, raising fresh questions for equity valuations, Treasury yields and Fed policy.
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Fed Holds Rates at 3.50%-3.75% as Three Officials Dissent for a Hike
The Fed kept rates at 3.50%-3.75% for a fifth meeting, with three dissenters favoring a hike, challenging soft-landing bets and delaying cut hopes.
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Fed report ties critical minerals supply to inflation risk
The Fed's July 2026 report flags commodity and supply-chain risks, tying critical-minerals policy more directly to inflation, growth and resource equities.
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Fed funds futures point to October 2026 rate increase
CME fed funds futures and StreetStats data imply the effective federal funds rate rises to about 3.8% by October 2026, matching the Fed's June projection.
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IMF says global disinflation has stalled in July outlook update
The IMF lifted its 2026 global inflation forecast to 4.7% and cut growth to 3.0%, raising uncertainty for rates, bonds and equities.
Bundesbank Raises Germany’s Statutory Basic Interest Rate to 1.52%
Germany’s statutory basic interest rate rose to 1.52% from July 1, following the ECB’s 2.40% refinancing rate and lifting default-interest calculations.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
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