MACROSTORY 519· AUGUST 12, 2026

Bank of America says American wealth, not hiring, is driving the falling unemployment rate

Falling unemployment in the United States may reflect how wealthy Americans feel more than how many new jobs exist. Bank of America analysts have argued that high levels of wealth among the American public are the primary force pulling the…

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Ukraine needs more financial support, EU's Dombrovskis says

Ukraine needs more financial support. Valdis Dombrovskis, the European Commission's Executive Vice-President, said so publicly. The European Commission is the executive branch of the European Union, the body that proposes legislation…

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Israel's military vows continued action against Hezbollah

Vigorous, as the Israel Defense Forces use the word, means continuing sustained military action rather than stopping after any single confrontation. The IDF says it will keep pressing against

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Japan's rate hike sent the yen lower, not higher

The standard expectation after a rate increase is a stronger currency, rising bond yields, and downward pressure on stocks. Yield is the annual return an investor earns by holding a bond to maturity. The Bank of Japan raised rates. The…

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