Economy · Important news for 14 August 2026
U.S. Budget Deficits Surge in July as New Tax Cuts Are Weighed
US Wholesale Prices Flat in July, Falling Short of Expectations
Productivity Commission calls Morrison-era Western Australia GST deal a costly mistake
Trump administration pivots to renewed economic sanctions and naval blockade on Iran
The U.S. government is returning to a strict economic squeeze involving sanctions and a naval blockade following nearly six months of conflict.
- The U.S. is implementing a naval blockade and sanctions against Iran
- The policy shift follows nearly six months of war
Stocks Rise as Traders Reduce Rate Hike Bets and Oil Prices Drop
New lending to property investors in Australia falls sharply by nearly nine percent
U.S. household debt falls for the first time in six years
Oil prices decline amid weakening demand outlook and US inventory builds
US clean energy investment surges 22% in second quarter
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