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U.S. Economy

US Building Permits MoM Final (Jun) M/M -2.6% vs. Exp. -3% (Prev. -0.9%)

StockNow breaking-news AI analysis

June building permits fell 2.6%, less than the 3% forecast, yet the housing market remains pressured by rising mortgage rates and high Treasury yields amid energy-driven inflation concerns.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)