U.S. EconomyAugust 18 at 08:15 AM

US ADP Employment Change Weekly 9.5K (Prev. 8.25K)

StockNow breaking-news AI analysis

ADP employment rose slightly to 9.5K, but cooling service activity and falling import prices strengthen expectations for a Federal Reserve rate hold in September amidst high bond yields.

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Politics

US President Trump posts "There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating"

Geopolitics

Iranian Parliamentary Speaker Ghalibaf says the Strait of Hormuz will not open until the blockade and oil embargo are lifted. Adds, "Iran is ready to inflict a heavier defeat on the enemy than before, in proportion to his actions and encroachments."