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U.S. Economy

Housing Starts (Aug MM) -2.6% (Prev. -9.0%)

StockNow breaking-news AI analysis

Elevated mortgage rates near 7% and rising construction costs continue to weigh on US housing demand, dampening pending sales and builder activity across the residential sector.

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A high-ranking source told Al Mayadeen that Saudi Arabia has asked the Sultanate of Oman to request a two-week truce from the Houthis, during which discussions will be held to address the humanitarian situation

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Political adviser to Iran’s Supreme Leader says the Strait of Hormuz will not be reopened until US President Trump and Israeli PM Netanyahu are “brought down from the seat of power”, Tasnim reports

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