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Trump defends handling of US munitions amid Iran conflict

President Trump on Thursday said the U.S. has “virtually unlimited” amounts of mid- to high-grade munitions, pushing back on reports of the Pentagon depleting its stockpiles in the Iran war. In a post on Truth Social, Trump called journalists who report on U.S. munitions shortages “treasonous SCUM,” saying the country has “virtually unlimited amounts of…

US trade deficit grows to $88.6B

The U.S. trade deficit grew to $88.6 billion in July, rising to its highest level in more than a year, according to new data released Thursday by the Commerce Department. The flow of goods and services out of the U.S. increased by $17.4 billion, ticking up from $71.2 billion in June. It marks the largest…

Global bond yields fall after Fed governor says he may back holding rates steady

Bond yields around the world fell Thursday, after Federal Reserve board of governors member Christopher Waller said he would support holding interest rates steady if economic conditions warrant it. “If there is continued progress toward our 2 percent goal, then I am willing to support holding the policy rate at its current level,” Waller said…

Monday, October 12, 2026

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