Hunter Biden associate details overseas deals in 5 hour interview
House Republicans release a five hour closed door transcript with Devon Archer detailing Hunter Biden's overseas financial dealings and the alleged use of the Biden name to gain access and investment. Archer says no proof Joe Biden spoke of business and no direct wrongdoing is shown. He notes Hunter called his father daily but discussions rarely touched on deals. The committee frames Archer as key witness for links to China, Russia, and Ukraine.
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Gas prices surge nationwide amid heat and cuts
U S gas prices rise to about 3 82 a gallon on Thursday up 29 cents from a month ago as crude oil climbs and refineries run below normal capacity due to summer heat. Saudi Arabia and other OPEC members extend cuts through next year, boosting prices while regional differences persist with California top at 5 03 a gallon and Mississippi lowest around 3 33.
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Englewood
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Wall Street slips as rally cools further
Stocks edged lower as the year’s strong rally cooled with the S&P 500 down to 4,501.89 and the Dow at 35,215.89. The Nasdaq slipped to 13,959.72 amid hopes for a soft landing, while Treasury yields rose, pushing borrowing costs higher and signaling potential continued inflation pressures. Analysts note Fitch’s U.S. rating downgrade likely has limited market impact, though questions linger on recession risk, earnings, and rate paths. Mike Loewengart of Morgan Stanley cautions a higher for longer rate environment until jobs data deteriorates.
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